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.
Hannstar BoardTPE:5469 -3.64%80 Debt-to-EBITDA is 3.69 as of Mar. 2026, which is 45% above its 10-year median of 2.54. GuruFocus rates TPE:5469 with a GF Score™ of 80/100 and a GF Value™ of NT$94.06 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,791 Hardware companies, Hannstar Board ranks worse than 70.85% 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 Hannstar Board's Debt-to-EBITDA or its related term are showing as below:
TPE:5469'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.92 Med: 2.54 Max: 5.25
Current: 3.66
During the past 13 years, the highest Debt-to-EBITDA Ratio of Hannstar Board was 5.25. The lowest was 1.92. And the median was 2.54.
TPE:5469's Debt-to-EBITDA is ranked worse than 70.85% of 1791
companies
in the Hardware industry
Industry Median: 1.71
vs TPE:5469: 3.66
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.
Hannstar Board Debt-to-EBITDA Related Terms
Hannstar Board Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Hannstar Board'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:5469 vs APH, GLW, TEL: Debt-to-EBITDA Comparison
For the Electronic Components subindustry, Hannstar Board'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.
Hannstar Board Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, Hannstar Board's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Hannstar Board'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.
Hannstar Board (TPE:5469) has a Debt-to-EBITDA of 3.69 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 Hannstar Board. This is 45% above median its historical median of 2.54. Over the past decade, Hannstar Board's Debt-to-EBITDA has ranged from 1.92 to 5.25. According to the industry distribution chart, Hannstar Board ranks #1269 out of 1791 companies in the Hardware industry, placing it in the top 70.9%.
Is Hannstar Board's Debt-to-EBITDA too high?
Hannstar Board's current Debt-to-EBITDA of 3.69 is 45% above median its 10-year median of 2.54. Over the past 10 years, this metric has ranged from a low of 1.92 to a high of 5.25. The Hardware industry median Debt-to-EBITDA is 1.71. Hannstar Board's value of 3.69 is 115.8% above this industry median. Based on the distribution chart, Hannstar Board ranks #1269 out of 1791 companies in the Hardware industry, which is below the industry midpoint. Overall, Hannstar Board has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hannstar Board's Debt-to-EBITDA compare to APH and GLW?
According to the Hardware industry distribution chart, Hannstar Board ranks #1269 out of 1791 companies for Debt-to-EBITDA. This places Hannstar Board in the lower half of its industry. The industry median Debt-to-EBITDA is 1.71. Hannstar Board's value of 3.69 is 115.8% above this benchmark. Historically, Hannstar Board's own Debt-to-EBITDA has ranged from 1.92 to 5.25 over the past decade. While the company's 10-year median is 2.54 vs. the industry median of 1.71, Hannstar Board 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 1.71, based on 1,791 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. Hannstar Board's current Debt-to-EBITDA of 3.69 is 115.8% 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 Hannstar Board. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hannstar Board's current Debt-to-EBITDA is 3.69, which is 45% above median its own 10-year median of 2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hannstar Board stock overvalued right now?
Based on GuruFocus' analysis, Hannstar Board (TPE:5469) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$94.06, compared to a current price of NT$74.10 — trading 21.2% below its estimated fair value. The current Debt-to-EBITDA is 3.69, which is 45% above median its 10-year median of 2.54 and 115.8% above the Hardware industry median of 1.71. Hannstar Board's overall GF Score™ is 80/100 with 3 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 Hannstar Board (TPE:5469), the current Debt-to-EBITDA is 3.69 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 Hannstar Board (TPE:5469) Overvalued in 2026?
Based on GuruFocus' analysis, Hannstar Board stock appears to be undervalued.
The current stock price of NT$74.10 is trading 21.2% below its estimated GF Value™ of NT$94.06.
GuruFocus considers Hannstar Board to be Modestly Undervalued.
Key valuation signals for TPE:5469:
Debt-to-EBITDA: 3.69 (45% above median its 10-year median of 2.54)
GF Value™: NT$94.06 vs. price of NT$74.10 (21.2% below fair value)
Industry Position: 115.8% above the Hardware median (#1269 of 1791)
No single metric tells the full story. See the TPE:5469 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hannstar Board Corp engages in the manufacturing and sale of printed circuit boards. The company produces a wide range of multi-layer printed circuit boards, from double-layered boards. The product types include specially printed circuit boards such as games, TV, PC, Networking, Automotive, LCD, STB, and others.
80GF Score
Get the complete analysis for TPE:5469
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:5469 has been successfully added to your 
