Huang Hsiang Construction (TPE:2545) Debt-to-EBITDA : 34.39 (As of Mar. 2026) — 99% 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:2545 Huang Hsiang Construction Corp TPE:2545
68 GF Score
Price NT$33.55
GF Value NT$39.28
Valuation Modestly Undervalued
! 14 Warning Signs
View Full Analysis

What is Huang Hsiang Construction Debt-to-EBITDA?

Huang Hsiang Construction TPE:2545 -2.61% 68 Debt-to-EBITDA is 34.39 as of Mar. 2026, which is 99% above its 10-year median of 17.28. GuruFocus rates TPE:2545 with a GF Score™ of 68/100 and a GF Value™ of NT$39.28 (Modestly Undervalued). The stock has 14 warning signs investors should review. Among 1,278 Real Estate companies, Huang Hsiang Construction ranks worse than 90.85% on this metric.

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

Huang Hsiang Construction's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$24,191 Mil. Huang Hsiang Construction's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$19,895 Mil. Huang Hsiang Construction's annualized EBITDA for the quarter that ended in Mar. 2026 was NT$1,282 Mil. Huang Hsiang Construction's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 34.39.

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 Huang Hsiang Construction's Debt-to-EBITDA or its related term are showing as below:

TPE:2545' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 8.71   Med: 17.28   Max: 71.2
Current: 23.71

During the past 13 years, the highest Debt-to-EBITDA Ratio of Huang Hsiang Construction was 71.20. The lowest was 8.71. And the median was 17.28.

TPE:2545's Debt-to-EBITDA is ranked worse than
90.85% of 1278 companies
in the Real Estate industry
Industry Median: 5.56 vs TPE:2545: 23.71

Huang Hsiang Construction  (TPE:2545) 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.


Huang Hsiang Construction Debt-to-EBITDA Related Terms


Huang Hsiang Construction Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Huang Hsiang Construction'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.

Huang Hsiang Construction Debt-to-EBITDA Chart

Huang Hsiang Construction 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 10.92 13.86 23.27 8.71 21.08

Huang Hsiang Construction 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 21.27 7.40 74.52 200.20 34.39

Huang Hsiang Construction Debt-to-EBITDA Competitor Comparison

For the Real Estate - Diversified subindustry, Huang Hsiang Construction'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.


Huang Hsiang Construction Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Huang Hsiang Construction's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Huang Hsiang Construction's Debt-to-EBITDA falls into.


TPE:2545
68GF Score
Huang Hsiang Construction Corp TPE:2545
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Huang Hsiang Construction Debt-to-EBITDA Calculation

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

Huang Hsiang Construction'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
=(22717.145 + 19187.895) / 1988.221
=21.08

Huang Hsiang Construction'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
=(24191.146 + 19894.966) / 1281.94
=34.39

* 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 34.39 mean?
Huang Hsiang Construction (TPE:2545) has a Debt-to-EBITDA of 34.39 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 Huang Hsiang Construction. This is 99% above median its historical median of 17.28. Over the past decade, Huang Hsiang Construction's Debt-to-EBITDA has ranged from 8.71 to 71.20. According to the industry distribution chart, Huang Hsiang Construction ranks #1161 out of 1278 companies in the Real Estate industry, placing it in the top 90.8%.
Is Huang Hsiang Construction's Debt-to-EBITDA too high?
Huang Hsiang Construction's current Debt-to-EBITDA of 34.39 is 99% above median its 10-year median of 17.28. Over the past 10 years, this metric has ranged from a low of 8.71 to a high of 71.20. The Real Estate industry median Debt-to-EBITDA is 5.56. Huang Hsiang Construction's value of 34.39 is 518.5% above this industry median. Based on the distribution chart, Huang Hsiang Construction ranks #1161 out of 1278 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Huang Hsiang Construction has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Huang Hsiang Construction's Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, Huang Hsiang Construction ranks #1161 out of 1278 companies for Debt-to-EBITDA. This places Huang Hsiang Construction in the lower half of its industry. The industry median Debt-to-EBITDA is 5.56. Huang Hsiang Construction's value of 34.39 is 518.5% above this benchmark. Historically, Huang Hsiang Construction's own Debt-to-EBITDA has ranged from 8.71 to 71.20 over the past decade. While the company's 10-year median is 17.28 vs. the industry median of 5.56, Huang Hsiang Construction 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.56, based on 1,278 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. Huang Hsiang Construction's current Debt-to-EBITDA of 34.39 is 518.5% 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 Huang Hsiang Construction. For the Real Estate industry, the median Debt-to-EBITDA is 5.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Huang Hsiang Construction's current Debt-to-EBITDA is 34.39, which is 99% above median its own 10-year median of 17.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huang Hsiang Construction stock overvalued right now?
Based on GuruFocus' analysis, Huang Hsiang Construction (TPE:2545) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$39.28, compared to a current price of NT$33.55 — trading 14.6% below its estimated fair value. The current Debt-to-EBITDA is 34.39, which is 99% above median its 10-year median of 17.28 and 518.5% above the Real Estate industry median of 5.56. Huang Hsiang Construction's overall GF Score™ is 68/100 with 14 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 Huang Hsiang Construction (TPE:2545), the current Debt-to-EBITDA is 34.39 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 Huang Hsiang Construction (TPE:2545) Overvalued in 2026?

Based on GuruFocus' analysis, Huang Hsiang Construction stock appears to be undervalued. The current stock price of NT$33.55 is trading 14.6% below its estimated GF Value™ of NT$39.28. GuruFocus considers Huang Hsiang Construction to be Modestly Undervalued.

Key valuation signals for TPE:2545:

  • Debt-to-EBITDA: 34.39 (99% above median its 10-year median of 17.28)
  • GF Value™: NT$39.28 vs. price of NT$33.55 (14.6% below fair value)
  • GF Score™: 68/100 with 14 warning signs
  • Industry Position: 518.5% above the Real Estate median (#1161 of 1278)

No single metric tells the full story. See the TPE:2545 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Huang Hsiang Construction Business Description

Address Bo\'ai Road, 8th Floor, Number 38, Zhongzheng District, Taipei, TWN
Huang Hsiang Construction Corp is principally engaged in the development of residential properties, the lease or sale of commercial buildings, comprehensive constructions, the development of specific districts, and hotel operations. The group has three operating segments: the Development department, which is engaged in the development of commercial and residential buildings for leasing and sales; the Construction department, which is engaged in the business of construction and civil engineering; and the Hotel department, which is engaged in the business of accommodation and catering services. The company generates the majority of its revenue from the Development segment. Geographically, the company operates in Taiwan.
68GF Score

Get the complete analysis for TPE:2545

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

NT$33.55
Price
NT$39.28
GF Value