China Steel (TPE:2002) Debt-to-EBITDA : 7.35 (As of Dec. 2025) — 57% Above Median

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TPE:2002 China Steel Corp TPE:2002
65 GF Score
Price NT$18.65
GF Value NT$20.94
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is China Steel Debt-to-EBITDA?

China Steel TPE:2002 +0.81% 65 Debt-to-EBITDA is 7.35 as of Dec. 2025, which is 57% above its 10-year median of 4.69. GuruFocus rates TPE:2002 with a GF Score™ of 65/100 and a GF Value™ of NT$20.94 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 494 Steel companies, China Steel ranks worse than 81.58% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

China Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was NT$78,515 Mil. China Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was NT$192,585 Mil. China Steel's annualized EBITDA for the quarter that ended in Dec. 2025 was NT$36,911 Mil. China Steel's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 7.34.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for China Steel's Debt-to-EBITDA or its related term are showing as below:

TPE:2002' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.57   Med: 4.69   Max: 8.2
Current: 8.2

During the past 13 years, the highest Debt-to-EBITDA Ratio of China Steel was 8.20. The lowest was 1.57. And the median was 4.69.

TPE:2002's Debt-to-EBITDA is ranked worse than
81.58% of 494 companies
in the Steel industry
Industry Median: 2.865 vs TPE:2002: 8.20

China Steel  (TPE:2002) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


China Steel Debt-to-EBITDA Related Terms


China Steel Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for China Steel's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Steel Debt-to-EBITDA Chart

China Steel Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.57 4.09 6.48 6.65 8.20

China Steel Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.51 6.40 9.92 11.03 7.35

TPE:2002 vs NUE, STLD, RS: Debt-to-EBITDA Comparison

For the Steel subindustry, China Steel's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


China Steel Debt-to-EBITDA vs Steel Industry

For the Steel industry and Basic Materials sector, China Steel's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where China Steel's Debt-to-EBITDA falls into.


TPE:2002
65GF Score
China Steel Corp TPE:2002
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Steel Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

China Steel's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(78515.125 + 192585.058) / 33068.478
=8.20

China Steel's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(78515.125 + 192585.058) / 36911.132
=7.34

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 7.35 mean?
China Steel (TPE:2002) has a Debt-to-EBITDA of 7.35 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on China Steel. This is 57% above median its historical median of 4.69. Over the past decade, China Steel's Debt-to-EBITDA has ranged from 1.57 to 8.20. According to the industry distribution chart, China Steel ranks #403 out of 494 companies in the Steel industry, placing it in the top 81.6%.
Is China Steel's Debt-to-EBITDA too high?
China Steel's current Debt-to-EBITDA of 7.35 is 57% above median its 10-year median of 4.69. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 8.20. The Steel industry median Debt-to-EBITDA is 2.87. China Steel's value of 7.35 is 156.5% above this industry median. Based on the distribution chart, China Steel ranks #403 out of 494 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, China Steel has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Steel's Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, China Steel ranks #403 out of 494 companies for Debt-to-EBITDA. This places China Steel in the lower half of its industry. The industry median Debt-to-EBITDA is 2.87. China Steel's value of 7.35 is 156.5% above this benchmark. Historically, China Steel's own Debt-to-EBITDA has ranged from 1.57 to 8.20 over the past decade. While the company's 10-year median is 4.69 vs. the industry median of 2.87, China Steel has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Steel company?
The median Debt-to-EBITDA among Steel companies is 2.87, based on 494 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Steel's current Debt-to-EBITDA of 7.35 is 156.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on China Steel. For the Steel industry, the median Debt-to-EBITDA is 2.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Steel's current Debt-to-EBITDA is 7.35, which is 57% above median its own 10-year median of 4.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Steel stock overvalued right now?
Based on GuruFocus' analysis, China Steel (TPE:2002) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$20.94, compared to a current price of NT$18.65 — trading 10.9% below its estimated fair value. The current Debt-to-EBITDA is 7.35, which is 57% above median its 10-year median of 4.69 and 156.5% above the Steel industry median of 2.87. China Steel's overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For China Steel (TPE:2002), the current Debt-to-EBITDA is 7.35 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Steel (TPE:2002) Overvalued in 2026?

Based on GuruFocus' analysis, China Steel stock appears to be undervalued. The current stock price of NT$18.65 is trading 10.9% below its estimated GF Value™ of NT$20.94. GuruFocus considers China Steel to be Modestly Undervalued.

Key valuation signals for TPE:2002:

  • Debt-to-EBITDA: 7.35 (57% above median its 10-year median of 4.69)
  • GF Value™: NT$20.94 vs. price of NT$18.65 (10.9% below fair value)
  • GF Score™: 65/100 with 7 warning signs
  • Industry Position: 156.5% above the Steel median (#403 of 494)

No single metric tells the full story. See the TPE:2002 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Steel Business Description

Other Exchanges 2002A:TaiwanCNS:Germany
Address No. 1, Chung Kang Road, Hsiao Kang, Kaohsiung, TWN, 81233
China Steel Corp is a steelmaker in Taiwan. It manufactures and sells steel products and engages in mechanical, communications, and electrical engineering. The company's product portfolio includes plates, bars, wire rods, hot and cold rolled coils, electro-galvanized coils, electrical steel coils, and hot-dip galvanized coils. Along with its subsidiaries, the company operates in the following reportable segments: Steel Department and Non-Steel Department. A majority of its revenue is generated from the Steel department segment, which manufactures and sells steel products. Geographically, the company derives maximum revenue from Taiwan, followed by Vietnam, Malaysia, India, China, and other regions.
65GF Score

Get the complete analysis for TPE:2002

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$18.65
Price
NT$20.94
GF Value