Tonlin Department Store Co (TPE:2910) Debt-to-EBITDA : 7.92 (As of Mar. 2026) — 38% Below Median

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TPE:2910 Tonlin Department Store Co Ltd TPE:2910
73 GF Score
Price NT$24.00
GF Value NT$19.76
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Tonlin Department Store Co Debt-to-EBITDA?

Tonlin Department Store Co TPE:2910 +0.84% 73 Debt-to-EBITDA is 7.92 as of Mar. 2026, which is 38% below its 10-year median of 12.86. GuruFocus rates TPE:2910 with a GF Score™ of 73/100 and a GF Value™ of NT$19.76 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 910 Retail - Cyclical companies, Tonlin Department Store Co ranks worse than 87.69% on this metric.

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

Tonlin Department Store Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$552.7 Mil. Tonlin Department Store Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$2,664.7 Mil. Tonlin Department Store Co's annualized EBITDA for the quarter that ended in Mar. 2026 was NT$406.1 Mil. Tonlin Department Store Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 7.92.

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 Tonlin Department Store Co's Debt-to-EBITDA or its related term are showing as below:

TPE:2910' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 6.94   Med: 12.86   Max: 42.03
Current: 8

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tonlin Department Store Co was 42.03. The lowest was 6.94. And the median was 12.86.

TPE:2910's Debt-to-EBITDA is ranked worse than
87.69% of 910 companies
in the Retail - Cyclical industry
Industry Median: 2.35 vs TPE:2910: 8.00

Tonlin Department Store Co  (TPE:2910) 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.


Tonlin Department Store Co Debt-to-EBITDA Related Terms


Tonlin Department Store Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Tonlin Department Store Co'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.

Tonlin Department Store Co Debt-to-EBITDA Chart

Tonlin Department Store Co 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 13.07 12.66 7.15 6.94 7.93

Tonlin Department Store Co 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 7.15 11.00 5.82 7.62 7.92

TPE:2910 vs DDS, M: Debt-to-EBITDA Comparison

For the Department Stores subindustry, Tonlin Department Store Co'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.


Tonlin Department Store Co Debt-to-EBITDA vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tonlin Department Store Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Tonlin Department Store Co's Debt-to-EBITDA falls into.


TPE:2910
73GF Score
Tonlin Department Store Co Ltd TPE:2910
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tonlin Department Store Co Debt-to-EBITDA Calculation

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

Tonlin Department Store Co'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
=(468.282 + 2686.828) / 397.859
=7.93

Tonlin Department Store Co'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
=(552.672 + 2664.661) / 406.1
=7.92

* 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 7.92 mean?
Tonlin Department Store Co (TPE:2910) has a Debt-to-EBITDA of 7.92 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 Tonlin Department Store Co. This is 38% below median its historical median of 12.86. Over the past decade, Tonlin Department Store Co's Debt-to-EBITDA has ranged from 6.94 to 42.03. According to the industry distribution chart, Tonlin Department Store Co ranks #798 out of 910 companies in the Retail - Cyclical industry, placing it in the top 87.7%.
Is Tonlin Department Store Co's Debt-to-EBITDA too high?
Tonlin Department Store Co's current Debt-to-EBITDA of 7.92 is 38% below median its 10-year median of 12.86. Over the past 10 years, this metric has ranged from a low of 6.94 to a high of 42.03. The Retail - Cyclical industry median Debt-to-EBITDA is 2.35. Tonlin Department Store Co's value of 7.92 is 237% above this industry median. Based on the distribution chart, Tonlin Department Store Co ranks #798 out of 910 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Tonlin Department Store Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tonlin Department Store Co's Debt-to-EBITDA compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Tonlin Department Store Co ranks #798 out of 910 companies for Debt-to-EBITDA. This places Tonlin Department Store Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.35. Tonlin Department Store Co's value of 7.92 is 237% above this benchmark. Historically, Tonlin Department Store Co's own Debt-to-EBITDA has ranged from 6.94 to 42.03 over the past decade. While the company's 10-year median is 12.86 vs. the industry median of 2.35, Tonlin Department Store Co 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 2.35, 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. Tonlin Department Store Co's current Debt-to-EBITDA of 7.92 is 237% 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 Tonlin Department Store Co. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tonlin Department Store Co's current Debt-to-EBITDA is 7.92, which is 38% below median its own 10-year median of 12.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tonlin Department Store Co stock overvalued right now?
Based on GuruFocus' analysis, Tonlin Department Store Co (TPE:2910) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$19.76, compared to a current price of NT$24.00 — trading 21.5% above its estimated fair value. The current Debt-to-EBITDA is 7.92, which is 38% below median its 10-year median of 12.86 and 237% above the Retail - Cyclical industry median of 2.35. Tonlin Department Store Co's overall GF Score™ is 73/100 with 8 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 Tonlin Department Store Co (TPE:2910), the current Debt-to-EBITDA is 7.92 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 Tonlin Department Store Co (TPE:2910) Overvalued in 2026?

Based on GuruFocus' analysis, Tonlin Department Store Co stock appears to be overvalued. The current stock price of NT$24.00 is trading 21.5% above its estimated GF Value™ of NT$19.76. GuruFocus considers Tonlin Department Store Co to be Modestly Overvalued.

Key valuation signals for TPE:2910:

  • Debt-to-EBITDA: 7.92 (38% below median its 10-year median of 12.86)
  • GF Value™: NT$19.76 vs. price of NT$24.00 (21.5% above fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 237% above the Retail - Cyclical median (#798 of 910)

No single metric tells the full story. See the TPE:2910 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tonlin Department Store Co Business Description

Address Zhongxiao East Road, 10th Floor-6, No.197, Section 4, Taipei, TWN
Tonlin Department Store Co Ltd operates department stores offering men's and women's apparel and accessories, food, gifts, and general merchandise, among others. The reporting segments for the company are: Department store and Construction segment. Maximum revenue is generated from the Department store segment.
73GF Score

Get the complete analysis for TPE:2910

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

NT$24.00
Price
NT$19.76
GF Value