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Zyxel GroupTPE:3704 +4.78%75 Debt-to-EBITDA is 4.01 as of Mar. 2026, which is 113% above its 10-year median of 1.88. GuruFocus rates TPE:3704 with a GF Score™ of 75/100 and a GF Value™ of NT$36.34 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,793 Hardware companies, Zyxel Group ranks worse than 66.31% 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 Zyxel Group's Debt-to-EBITDA or its related term are showing as below:
TPE:3704'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -7.94 Med: 1.88 Max: 5.75
Current: 3.16
During the past 13 years, the highest Debt-to-EBITDA Ratio of Zyxel Group was 5.75. The lowest was -7.94. And the median was 1.88.
TPE:3704's Debt-to-EBITDA is ranked worse than 66.31% of 1793
companies
in the Hardware industry
Industry Median: 1.7
vs TPE:3704: 3.16
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.
Zyxel Group Debt-to-EBITDA Related Terms
Zyxel Group Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Zyxel Group'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.
TPE:3704 vs CSCO, MSI, HPE: Debt-to-EBITDA Comparison
For the Communication Equipment subindustry, Zyxel Group'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.
Zyxel Group Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, Zyxel Group's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Zyxel Group'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.
Zyxel Group (TPE:3704) has a Debt-to-EBITDA of 4.01 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 Zyxel Group. This is 113% above median its historical median of 1.88. According to the industry distribution chart, Zyxel Group ranks #1189 out of 1793 companies in the Hardware industry, placing it in the top 66.3%.
Is Zyxel Group's Debt-to-EBITDA too high?
Zyxel Group's current Debt-to-EBITDA of 4.01 is 113% above median its 10-year median of 1.88. The Hardware industry median Debt-to-EBITDA is 1.70. Zyxel Group's value of 4.01 is 135.9% above this industry median. Based on the distribution chart, Zyxel Group ranks #1189 out of 1793 companies in the Hardware industry, which is below the industry midpoint. Overall, Zyxel Group has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zyxel Group's Debt-to-EBITDA compare to CSCO and MSI?
According to the Hardware industry distribution chart, Zyxel Group ranks #1189 out of 1793 companies for Debt-to-EBITDA. This places Zyxel Group in the lower half of its industry. The industry median Debt-to-EBITDA is 1.70. Zyxel Group's value of 4.01 is 135.9% above this benchmark. While the company's 10-year median is 1.88 vs. the industry median of 1.70, Zyxel Group 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 1.70, based on 1,793 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. Zyxel Group's current Debt-to-EBITDA of 4.01 is 135.9% 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 Zyxel Group. For the Hardware industry, the median Debt-to-EBITDA is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zyxel Group's current Debt-to-EBITDA is 4.01, which is 113% above median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zyxel Group stock overvalued right now?
Based on GuruFocus' analysis, Zyxel Group (TPE:3704) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$36.34, compared to a current price of NT$43.85 — trading 20.7% above its estimated fair value. The current Debt-to-EBITDA is 4.01, which is 113% above median its 10-year median of 1.88 and 135.9% above the Hardware industry median of 1.70. Zyxel Group's overall GF Score™ is 75/100 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 Zyxel Group (TPE:3704), the current Debt-to-EBITDA is 4.01 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 Zyxel Group (TPE:3704) Overvalued in 2026?
Based on GuruFocus' analysis, Zyxel Group stock appears to be overvalued.
The current stock price of NT$43.85 is trading 20.7% above its estimated GF Value™ of NT$36.34.
GuruFocus considers Zyxel Group to be Modestly Overvalued.
Key valuation signals for TPE:3704:
Debt-to-EBITDA: 4.01 (113% above median its 10-year median of 1.88)
GF Value™: NT$36.34 vs. price of NT$43.85 (20.7% above fair value)
Industry Position: 135.9% above the Hardware median (#1189 of 1793)
No single metric tells the full story. See the TPE:3704 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zyxel Group Corp is a Taiwan-based company that offers communications and networking products. It produces wifi systems, wireless extenders, home routers, cloud access cameras, switches, power and adapters, personal cloud storage, and security appliances and services. Geographically, it covers the United States, France, and other countries. It has four reportable segments: brand business segment, channel business segment, product business segment, and investment segment.
75GF Score
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