Far Eastern Department Stores (TPE:2903) Debt-to-EBITDA : 6.42 (As of Mar. 2026) — Near Median

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TPE:2903 Far Eastern Department Stores Ltd TPE:2903
74 GF Score
Price NT$21.65
GF Value NT$22.51
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Far Eastern Department Stores Debt-to-EBITDA?

Far Eastern Department Stores TPE:2903 -0.46% 74 Debt-to-EBITDA is 6.42 as of Mar. 2026, which is 7% above its 10-year median of 6.01. GuruFocus rates TPE:2903 with a GF Score™ of 74/100 and a GF Value™ of NT$22.51 (Fairly Valued). The stock has 7 warning signs investors should review. Among 910 Retail - Cyclical companies, Far Eastern Department Stores ranks worse than 83.08% on this metric.

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

Far Eastern Department Stores's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$17,318 Mil. Far Eastern Department Stores's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$48,041 Mil. Far Eastern Department Stores's annualized EBITDA for the quarter that ended in Mar. 2026 was NT$10,189 Mil. Far Eastern Department Stores's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 6.41.

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 Far Eastern Department Stores's Debt-to-EBITDA or its related term are showing as below:

TPE:2903' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.99   Med: 6.01   Max: 6.51
Current: 6.18

During the past 13 years, the highest Debt-to-EBITDA Ratio of Far Eastern Department Stores was 6.51. The lowest was 4.99. And the median was 6.01.

TPE:2903's Debt-to-EBITDA is ranked worse than
83.08% of 910 companies
in the Retail - Cyclical industry
Industry Median: 2.305 vs TPE:2903: 6.18

Far Eastern Department Stores  (TPE:2903) 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.


Far Eastern Department Stores Debt-to-EBITDA Related Terms


Far Eastern Department Stores Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Far Eastern Department Stores'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.

Far Eastern Department Stores Debt-to-EBITDA Chart

Far Eastern Department Stores 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 6.51 4.99 5.25 6.18 6.44

Far Eastern Department Stores 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 6.41 6.66 6.54 5.95 6.42

TPE:2903 vs DDS, M: Debt-to-EBITDA Comparison

For the Department Stores subindustry, Far Eastern Department Stores'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.


Far Eastern Department Stores Debt-to-EBITDA vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Far Eastern Department Stores's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Far Eastern Department Stores's Debt-to-EBITDA falls into.


TPE:2903
74GF Score
Far Eastern Department Stores Ltd TPE:2903
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Far Eastern Department Stores Debt-to-EBITDA Calculation

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

Far Eastern Department Stores'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
=(16167.943 + 52945.395) / 10736.015
=6.44

Far Eastern Department Stores'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
=(17317.817 + 48040.881) / 10189.168
=6.41

* 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 6.42 mean?
Far Eastern Department Stores (TPE:2903) has a Debt-to-EBITDA of 6.42 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 Far Eastern Department Stores. This is near median its historical median of 6.01. Over the past decade, Far Eastern Department Stores' Debt-to-EBITDA has ranged from 4.99 to 6.51. According to the industry distribution chart, Far Eastern Department Stores ranks #756 out of 910 companies in the Retail - Cyclical industry, placing it in the top 83.1%.
Is Far Eastern Department Stores' Debt-to-EBITDA too high?
Far Eastern Department Stores' current Debt-to-EBITDA of 6.42 is near median its 10-year median of 6.01. Over the past 10 years, this metric has ranged from a low of 4.99 to a high of 6.51. The Retail - Cyclical industry median Debt-to-EBITDA is 2.31. Far Eastern Department Stores' value of 6.42 is 178.5% above this industry median. Based on the distribution chart, Far Eastern Department Stores ranks #756 out of 910 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Far Eastern Department Stores has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Far Eastern Department Stores' Debt-to-EBITDA compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Far Eastern Department Stores ranks #756 out of 910 companies for Debt-to-EBITDA. This places Far Eastern Department Stores in the lower half of its industry. The industry median Debt-to-EBITDA is 2.31. Far Eastern Department Stores' value of 6.42 is 178.5% above this benchmark. Historically, Far Eastern Department Stores' own Debt-to-EBITDA has ranged from 4.99 to 6.51 over the past decade. While the company's 10-year median is 6.01 vs. the industry median of 2.31, Far Eastern Department Stores 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 Retail - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.31, based on 910 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. Far Eastern Department Stores's current Debt-to-EBITDA of 6.42 is 178.5% 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 Far Eastern Department Stores. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Far Eastern Department Stores's current Debt-to-EBITDA is 6.42, which is near median its own 10-year median of 6.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Far Eastern Department Stores stock overvalued right now?
Based on GuruFocus' analysis, Far Eastern Department Stores (TPE:2903) is currently considered Fairly Valued. The stock's GF Value™ is NT$22.51, compared to a current price of NT$21.65 — trading 3.8% below its estimated fair value. The current Debt-to-EBITDA is 6.42, which is near median its 10-year median of 6.01 and 178.5% above the Retail - Cyclical industry median of 2.31. Far Eastern Department Stores' overall GF Score™ is 74/100 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 Far Eastern Department Stores (TPE:2903), the current Debt-to-EBITDA is 6.42 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 Far Eastern Department Stores (TPE:2903) Overvalued in 2026?

Based on GuruFocus' analysis, Far Eastern Department Stores stock appears to be undervalued. The current stock price of NT$21.65 is trading 3.8% below its estimated GF Value™ of NT$22.51. GuruFocus considers Far Eastern Department Stores to be Fairly Valued.

Key valuation signals for TPE:2903:

  • Debt-to-EBITDA: 6.42 (near median its 10-year median of 6.01)
  • GF Value™: NT$22.51 vs. price of NT$21.65 (3.8% below fair value)
  • GF Score™: 74/100 with 7 warning signs
  • Industry Position: 178.5% above the Retail - Cyclical median (#756 of 910)

No single metric tells the full story. See the TPE:2903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Far Eastern Department Stores Business Description

Address Xinzhan Road, No. 16, 18th Floor, Banqiao District, New Taipei City, TWN, 220
Far Eastern Department Stores Ltd is a Taiwan-based company principally engaged in the operation of department stores and supermarkets. It provides a broad range of merchandise, including foods, apparel, gold and jewelry, household appliances, groceries, home furnishing products, consumer electronics, stationery goods, artworks, entertainment appliances, and sports and leisure goods. Geographically, the Group generates maximum revenue from ROC, and the rest from China.
74GF Score

Get the complete analysis for TPE:2903

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

NT$21.65
Price
NT$22.51
GF Value