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Taiwan MaskTPE:2338 +1.06%68 Debt-to-EBITDA is 3.95 as of Mar. 2026, which is 19% below its 10-year median of 4.86. GuruFocus rates TPE:2338 with a GF Score™ of 68/100 and a GF Value™ of NT$40.89 (Fairly Valued). The stock has 5 warning signs investors should review. Among 739 Semiconductors companies, Taiwan Mask ranks worse than 89.99% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Taiwan Mask's Debt-to-EBITDA or its related term are showing as below:
TPE:2338'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 4.86 Max: 32.29
Current: 11.99
During the past 13 years, the highest Debt-to-EBITDA Ratio of Taiwan Mask was 32.29. The lowest was 0.00. And the median was 4.86.
TPE:2338's Debt-to-EBITDA is ranked worse than 89.99% of 739
companies
in the Semiconductors industry
Industry Median: 1.34
vs TPE:2338: 11.99
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.
Taiwan Mask Debt-to-EBITDA Related Terms
Taiwan Mask Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Taiwan Mask'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.
TPE:2338 vs AMAT, LRCX, KLAC: Debt-to-EBITDA Comparison
For the Semiconductor Equipment & Materials subindustry, Taiwan Mask'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.
Taiwan Mask Debt-to-EBITDA vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Taiwan Mask's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Taiwan Mask's Debt-to-EBITDA falls into.
* 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 (Mar. 2026) EBITDA data.
Taiwan Mask (TPE:2338) has a Debt-to-EBITDA of 3.95 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Taiwan Mask. This is 19% below median its historical median of 4.86. According to the industry distribution chart, Taiwan Mask ranks #665 out of 739 companies in the Semiconductors industry, placing it in the top 90%.
Is Taiwan Mask's Debt-to-EBITDA too high?
Taiwan Mask's current Debt-to-EBITDA of 3.95 is 19% below median its 10-year median of 4.86. The Semiconductors industry median Debt-to-EBITDA is 1.34. Taiwan Mask's value of 3.95 is 194.8% above this industry median. Based on the distribution chart, Taiwan Mask ranks #665 out of 739 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Taiwan Mask has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Mask's Debt-to-EBITDA compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Taiwan Mask ranks #665 out of 739 companies for Debt-to-EBITDA. This places Taiwan Mask in the lower half of its industry. The industry median Debt-to-EBITDA is 1.34. Taiwan Mask's value of 3.95 is 194.8% above this benchmark. While the company's 10-year median is 4.86 vs. the industry median of 1.34, Taiwan Mask 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 Semiconductors company?
The median Debt-to-EBITDA among Semiconductors companies is 1.34, based on 739 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. Taiwan Mask's current Debt-to-EBITDA of 3.95 is 194.8% 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 Taiwan Mask. For the Semiconductors industry, the median Debt-to-EBITDA is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Mask's current Debt-to-EBITDA is 3.95, which is 19% below median its own 10-year median of 4.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Mask stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Mask (TPE:2338) is currently considered Fairly Valued. The stock's GF Value™ is NT$40.89, compared to a current price of NT$38.20 — trading 6.6% below its estimated fair value. The current Debt-to-EBITDA is 3.95, which is 19% below median its 10-year median of 4.86 and 194.8% above the Semiconductors industry median of 1.34. Taiwan Mask's overall GF Score™ is 68/100 with 5 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 Taiwan Mask (TPE:2338), the current Debt-to-EBITDA is 3.95 as of Mar. 2026. 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 Taiwan Mask (TPE:2338) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Mask stock appears to be undervalued.
The current stock price of NT$38.20 is trading 6.6% below its estimated GF Value™ of NT$40.89.
GuruFocus considers Taiwan Mask to be Fairly Valued.
Key valuation signals for TPE:2338:
Debt-to-EBITDA: 3.95 (19% below median its 10-year median of 4.86)
GF Value™: NT$40.89 vs. price of NT$38.20 (6.6% below fair value)
Industry Position: 194.8% above the Semiconductors median (#665 of 739)
No single metric tells the full story. See the TPE:2338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Mask Corp manufactures and markets photomasks products for semiconductor production. The company also produces and sells products such as masks and integrated circuits used in semiconductors, and has a diversified sales base. The product segment of the company comprises Photomask and the semiconductor segment. The company generates its revenue from the Photomask and semiconductor segments.
68GF Score
Get the complete analysis for TPE:2338
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