Winbond Electronics (TPE:2344) Debt-to-EBITDA : 1.18 (As of Mar. 2026) — 46% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2344 Winbond Electronics Corp TPE:2344
63 GF Score
Price NT$177.00
GF Value NT$55.04
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Winbond Electronics Debt-to-EBITDA?

Winbond Electronics TPE:2344 63 Debt-to-EBITDA is 1.18 as of Mar. 2026, which is 46% below its 10-year median of 2.18. GuruFocus rates TPE:2344 with a GF Score™ of 63/100 and a GF Value™ of NT$55.04 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 733 Semiconductors companies, Winbond Electronics ranks worse than 62.07% on this metric.

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

Winbond Electronics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$47,597 Mil. Winbond Electronics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$28,632 Mil. Winbond Electronics's annualized EBITDA for the quarter that ended in Mar. 2026 was NT$64,508 Mil. Winbond Electronics's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 1.18.

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 Winbond Electronics's Debt-to-EBITDA or its related term are showing as below:

TPE:2344' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.95   Med: 2.18   Max: 4.79
Current: 2.36

During the past 13 years, the highest Debt-to-EBITDA Ratio of Winbond Electronics was 4.79. The lowest was 0.95. And the median was 2.18.

TPE:2344's Debt-to-EBITDA is ranked worse than
62.07% of 733 companies
in the Semiconductors industry
Industry Median: 1.45 vs TPE:2344: 2.36

Winbond Electronics  (TPE:2344) 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.


Winbond Electronics Debt-to-EBITDA Related Terms


Winbond Electronics Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Winbond Electronics'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.

Winbond Electronics Debt-to-EBITDA Chart

Winbond Electronics 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 0.95 1.84 4.79 3.69 2.90

Winbond Electronics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.26 9.09 2.09 1.82 1.18

TPE:2344 vs NVDA, AVGO, MU: Debt-to-EBITDA Comparison

For the Semiconductors subindustry, Winbond Electronics'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.


Winbond Electronics Debt-to-EBITDA vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Winbond Electronics's Debt-to-EBITDA distribution charts can be found below:

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


TPE:2344
63GF Score
Winbond Electronics Corp TPE:2344
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Winbond Electronics Debt-to-EBITDA Calculation

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

Winbond Electronics'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
=(26028.276 + 28208.255) / 18680.42
=2.90

Winbond Electronics's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(47597.363 + 28632.25) / 64508.384
=1.18

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.18 mean?
Winbond Electronics (TPE:2344) has a Debt-to-EBITDA of 1.18 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 Winbond Electronics. This is 46% below median its historical median of 2.18. Over the past decade, Winbond Electronics' Debt-to-EBITDA has ranged from 0.95 to 4.79. According to the industry distribution chart, Winbond Electronics ranks #455 out of 733 companies in the Semiconductors industry, placing it in the top 62.1%.
Is Winbond Electronics' Debt-to-EBITDA too high?
Winbond Electronics' current Debt-to-EBITDA of 1.18 is 46% below median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 4.79. The Semiconductors industry median Debt-to-EBITDA is 1.45. Winbond Electronics' value of 1.18 is 18.6% below this industry median. Based on the distribution chart, Winbond Electronics ranks #455 out of 733 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Winbond Electronics has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Winbond Electronics' Debt-to-EBITDA compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Winbond Electronics ranks #455 out of 733 companies for Debt-to-EBITDA. This places Winbond Electronics in the lower half of its industry. The industry median Debt-to-EBITDA is 1.45. Winbond Electronics' value of 1.18 is 18.6% below this benchmark. Historically, Winbond Electronics' own Debt-to-EBITDA has ranged from 0.95 to 4.79 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 1.45, Winbond Electronics has consistently been below 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 1.45, based on 733 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. Winbond Electronics's current Debt-to-EBITDA of 1.18 is 18.6% below 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 Winbond Electronics. For the Semiconductors industry, the median Debt-to-EBITDA is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winbond Electronics's current Debt-to-EBITDA is 1.18, which is 46% below median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winbond Electronics stock overvalued right now?
Based on GuruFocus' analysis, Winbond Electronics (TPE:2344) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$55.04, compared to a current price of NT$177.00 — trading 221.6% above its estimated fair value. The current Debt-to-EBITDA is 1.18, which is 46% below median its 10-year median of 2.18 and 18.6% below the Semiconductors industry median of 1.45. Winbond Electronics' overall GF Score™ is 63/100 with 4 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 Winbond Electronics (TPE:2344), the current Debt-to-EBITDA is 1.18 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 Winbond Electronics (TPE:2344) Overvalued in 2026?

Based on GuruFocus' analysis, Winbond Electronics stock appears to be overvalued. The current stock price of NT$177.00 is trading 221.6% above its estimated GF Value™ of NT$55.04. GuruFocus considers Winbond Electronics to be Significantly Overvalued.

Key valuation signals for TPE:2344:

  • Debt-to-EBITDA: 1.18 (46% below median its 10-year median of 2.18)
  • GF Value™: NT$55.04 vs. price of NT$177.00 (221.6% above fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 18.6% below the Semiconductors median (#455 of 733)

No single metric tells the full story. See the TPE:2344 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Winbond Electronics Business Description

Address No. 8, Keya 1st Road, Daya District, Taichung, TWN
Winbond Electronics Corp is engaged in the design, development, manufacture, and marketing of very large scale integration (VLSI) integrated circuits (ICs) used in a variety of microelectronic applications. In addition, it offers customised memory solutions like Mobile RAM and Specialty DRAM, and core storage flash memory products. The company's operating segments are Customized Memory Solution product, Flash Memory product, and Logic IC product. Maximum revenue is generated from the Flash Memory product segment, which engages mainly in the manufacturing, selling, researching, designing and after-sales service of Flash Memory product. Geographically, the company generates maximum revenue from Asia, followed by America, Europe, and Other regions.
63GF Score

Get the complete analysis for TPE:2344

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

NT$177.00
Price
NT$55.04
GF Value