Unitech Printed Circuit Board (TPE:2367) Debt-to-EBITDA : 18.93 (As of Mar. 2026) — 420% Above 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:2367 Unitech Printed Circuit Board Corp TPE:2367
63 GF Score
Price NT$43.60
GF Value NT$26.69
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Unitech Printed Circuit Board Debt-to-EBITDA?

Unitech Printed Circuit Board TPE:2367 -3.11% 63 Debt-to-EBITDA is 18.93 as of Mar. 2026, which is 420% above its 10-year median of 3.64. GuruFocus rates TPE:2367 with a GF Score™ of 63/100 and a GF Value™ of NT$26.69 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,791 Hardware companies, Unitech Printed Circuit Board ranks worse than 82.75% on this metric.

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

Unitech Printed Circuit Board's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$4,237 Mil. Unitech Printed Circuit Board's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$4,209 Mil. Unitech Printed Circuit Board's annualized EBITDA for the quarter that ended in Mar. 2026 was NT$446 Mil. Unitech Printed Circuit Board's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 18.93.

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 Unitech Printed Circuit Board's Debt-to-EBITDA or its related term are showing as below:

TPE:2367' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.78   Med: 3.64   Max: 105
Current: 6.11

During the past 13 years, the highest Debt-to-EBITDA Ratio of Unitech Printed Circuit Board was 105.00. The lowest was 1.78. And the median was 3.64.

TPE:2367's Debt-to-EBITDA is ranked worse than
82.75% of 1791 companies
in the Hardware industry
Industry Median: 1.71 vs TPE:2367: 6.11

Unitech Printed Circuit Board  (TPE:2367) 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.


Unitech Printed Circuit Board Debt-to-EBITDA Related Terms


Unitech Printed Circuit Board Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Unitech Printed Circuit Board'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.

Unitech Printed Circuit Board Debt-to-EBITDA Chart

Unitech Printed Circuit Board 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 5.64 3.94 5.40 1.90 3.34

Unitech Printed Circuit Board 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 1.94 3.10 3.95 4.70 18.93

TPE:2367 vs APH, GLW, TEL: Debt-to-EBITDA Comparison

For the Electronic Components subindustry, Unitech Printed Circuit Board'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.


Unitech Printed Circuit Board Debt-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, Unitech Printed Circuit Board's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Unitech Printed Circuit Board's Debt-to-EBITDA falls into.


TPE:2367
63GF Score
Unitech Printed Circuit Board Corp TPE:2367
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Unitech Printed Circuit Board Debt-to-EBITDA Calculation

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

Unitech Printed Circuit Board'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
=(3525.614 + 3619.735) / 2138.555
=3.34

Unitech Printed Circuit Board'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
=(4236.785 + 4208.606) / 446.168
=18.93

* 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 18.93 mean?
Unitech Printed Circuit Board (TPE:2367) has a Debt-to-EBITDA of 18.93 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 Unitech Printed Circuit Board. This is 420% above median its historical median of 3.64. Over the past decade, Unitech Printed Circuit Board's Debt-to-EBITDA has ranged from 1.78 to 105.00. According to the industry distribution chart, Unitech Printed Circuit Board ranks #1482 out of 1791 companies in the Hardware industry, placing it in the top 82.7%.
Is Unitech Printed Circuit Board's Debt-to-EBITDA too high?
Unitech Printed Circuit Board's current Debt-to-EBITDA of 18.93 is 420% above median its 10-year median of 3.64. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 105.00. The Hardware industry median Debt-to-EBITDA is 1.71. Unitech Printed Circuit Board's value of 18.93 is 1007% above this industry median. Based on the distribution chart, Unitech Printed Circuit Board ranks #1482 out of 1791 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Unitech Printed Circuit Board has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Unitech Printed Circuit Board's Debt-to-EBITDA compare to APH and GLW?
According to the Hardware industry distribution chart, Unitech Printed Circuit Board ranks #1482 out of 1791 companies for Debt-to-EBITDA. This places Unitech Printed Circuit Board in the lower half of its industry. The industry median Debt-to-EBITDA is 1.71. Unitech Printed Circuit Board's value of 18.93 is 1007% above this benchmark. Historically, Unitech Printed Circuit Board's own Debt-to-EBITDA has ranged from 1.78 to 105.00 over the past decade. While the company's 10-year median is 3.64 vs. the industry median of 1.71, Unitech Printed Circuit Board 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 Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.71, based on 1,791 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. Unitech Printed Circuit Board's current Debt-to-EBITDA of 18.93 is 1007% 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 Unitech Printed Circuit Board. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unitech Printed Circuit Board's current Debt-to-EBITDA is 18.93, which is 420% above median its own 10-year median of 3.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unitech Printed Circuit Board stock overvalued right now?
Based on GuruFocus' analysis, Unitech Printed Circuit Board (TPE:2367) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$26.69, compared to a current price of NT$43.60 — trading 63.4% above its estimated fair value. The current Debt-to-EBITDA is 18.93, which is 420% above median its 10-year median of 3.64 and 1007% above the Hardware industry median of 1.71. Unitech Printed Circuit Board's overall GF Score™ is 63/100 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 Unitech Printed Circuit Board (TPE:2367), the current Debt-to-EBITDA is 18.93 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 Unitech Printed Circuit Board (TPE:2367) Overvalued in 2026?

Based on GuruFocus' analysis, Unitech Printed Circuit Board stock appears to be overvalued. The current stock price of NT$43.60 is trading 63.4% above its estimated GF Value™ of NT$26.69. GuruFocus considers Unitech Printed Circuit Board to be Significantly Overvalued.

Key valuation signals for TPE:2367:

  • Debt-to-EBITDA: 18.93 (420% above median its 10-year median of 3.64)
  • GF Value™: NT$26.69 vs. price of NT$43.60 (63.4% above fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 1007% above the Hardware median (#1482 of 1791)

No single metric tells the full story. See the TPE:2367 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Unitech Printed Circuit Board Business Description

Address No. 3, Lane 4, Zhongshan Road, Tucheng district, New Taipei, TWN, 23680
Unitech Printed Circuit Board Corp is a manufacturer of printed circuit boards and solar cells. The company provides double-sided PCBs and multi-layer PCBs as well as mono-crystalline silicon solar cells, rigid-Flex PCBs, and multi-crystalline silicon solar cells.
63GF Score

Get the complete analysis for TPE:2367

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

NT$43.60
Price
NT$26.69
GF Value