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.
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.
Sino Horizon HoldingsTPE:2923 -5.86%60 Debt-to-EBITDA is 12.72 as of Mar. 2026, which is 15% above its 10-year median of 11.03. GuruFocus rates TPE:2923 with a GF Score™ of 60/100 and a GF Value™ of NT$20.62 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,280 Real Estate companies, Sino Horizon Holdings ranks worse than 78124.92% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Sino Horizon Holdings's Debt-to-EBITDA or its related term are showing as below:
TPE:2923'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -17.03 Med: 11.03 Max: 68.05
Current: -17.03
During the past 13 years, the highest Debt-to-EBITDA Ratio of Sino Horizon Holdings was 68.05. The lowest was -17.03. And the median was 11.03.
TPE:2923's Debt-to-EBITDA is ranked worse than 100% of 1280
companies
in the Real Estate industry
Industry Median: 5.555
vs TPE:2923: -17.03
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.
Sino Horizon Holdings Debt-to-EBITDA Related Terms
Sino Horizon Holdings Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Sino Horizon Holdings'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.
Sino Horizon Holdings Debt-to-EBITDA Competitor Comparison
For the Real Estate - Development subindustry, Sino Horizon Holdings'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.
Sino Horizon Holdings Debt-to-EBITDA vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Sino Horizon Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Sino Horizon Holdings's Debt-to-EBITDA falls into.
* 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.
Sino Horizon Holdings (TPE:2923) has a Debt-to-EBITDA of 12.72 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 Sino Horizon Holdings. This is 15% above median its historical median of 11.03. According to the industry distribution chart, Sino Horizon Holdings ranks #999999 out of 1280 companies in the Real Estate industry.
Is Sino Horizon Holdings' Debt-to-EBITDA too high?
Sino Horizon Holdings' current Debt-to-EBITDA of 12.72 is 15% above median its 10-year median of 11.03. The Real Estate industry median Debt-to-EBITDA is 5.56. Sino Horizon Holdings' value of 12.72 is 129% above this industry median. Based on the distribution chart, Sino Horizon Holdings ranks #999999 out of 1280 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Sino Horizon Holdings has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sino Horizon Holdings' Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, Sino Horizon Holdings ranks #999999 out of 1280 companies for Debt-to-EBITDA. This places Sino Horizon Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 5.56. Sino Horizon Holdings' value of 12.72 is 129% above this benchmark. While the company's 10-year median is 11.03 vs. the industry median of 5.56, Sino Horizon Holdings 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 1,280 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. Sino Horizon Holdings's current Debt-to-EBITDA of 12.72 is 129% 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 Sino Horizon Holdings. 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. Sino Horizon Holdings's current Debt-to-EBITDA is 12.72, which is 15% above median its own 10-year median of 11.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sino Horizon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sino Horizon Holdings (TPE:2923) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$20.62, compared to a current price of NT$25.70 — trading 24.6% above its estimated fair value. The current Debt-to-EBITDA is 12.72, which is 15% above median its 10-year median of 11.03 and 129% above the Real Estate industry median of 5.56. Sino Horizon Holdings' overall GF Score™ is 60/100 with 6 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 Sino Horizon Holdings (TPE:2923), the current Debt-to-EBITDA is 12.72 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 Sino Horizon Holdings (TPE:2923) Overvalued in 2026?
Based on GuruFocus' analysis, Sino Horizon Holdings stock appears to be overvalued.
The current stock price of NT$25.70 is trading 24.6% above its estimated GF Value™ of NT$20.62.
GuruFocus considers Sino Horizon Holdings to be Modestly Overvalued.
Key valuation signals for TPE:2923:
Debt-to-EBITDA: 12.72 (15% above median its 10-year median of 11.03)
GF Value™: NT$20.62 vs. price of NT$25.70 (24.6% above fair value)
Industry Position: 129% above the Real Estate median (#999999 of 1280)
No single metric tells the full story. See the TPE:2923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sino Horizon Holdings Ltd provides real estate development services. The company manages, sells, leases, and develops real estate businesses in China. Its reportable segments include real-estate sales, commercial leasing, property management, and others. The company derives the maximum revenue from the real-estate sales segment. Geographically, it operates in Mainland China and Taiwan.
60GF Score
Get the complete analysis for TPE:2923
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:2923 has been successfully added to your 
