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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 Tong Ming Enterprise Co's Debt-to-EBITDA or its related term are showing as below:
TPE:5538'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.28 Med: 3.26 Max: 8.06
Current: 4
During the past 13 years, the highest Debt-to-EBITDA Ratio of Tong Ming Enterprise Co was 8.06. The lowest was 1.28. And the median was 3.26.
TPE:5538's Debt-to-EBITDA is ranked worse than 61.41% of 495
companies
in the Steel industry
Industry Median: 2.92
vs TPE:5538: 4.00
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.
Tong Ming Enterprise Co Debt-to-EBITDA Related Terms
Tong Ming Enterprise Co Debt-to-EBITDA Historical Data
* 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:5538 vs NUE, STLD, RS: Debt-to-EBITDA Comparison
For the Steel subindustry, Tong Ming Enterprise 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.
Tong Ming Enterprise Co Debt-to-EBITDA vs Steel Industry
For the Steel industry and Basic Materials sector, Tong Ming Enterprise Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Tong Ming Enterprise Co'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.
Tong Ming Enterprise Co (TPE:5538) has a Debt-to-EBITDA of 3.24 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 Tong Ming Enterprise Co. This is near median its historical median of 3.26. Over the past decade, Tong Ming Enterprise Co's Debt-to-EBITDA has ranged from 1.28 to 8.06. According to the industry distribution chart, Tong Ming Enterprise Co ranks #304 out of 495 companies in the Steel industry, placing it in the top 61.4%.
Is Tong Ming Enterprise Co's Debt-to-EBITDA too high?
Tong Ming Enterprise Co's current Debt-to-EBITDA of 3.24 is near median its 10-year median of 3.26. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 8.06. The Steel industry median Debt-to-EBITDA is 2.92. Tong Ming Enterprise Co's value of 3.24 is 11% above this industry median. Based on the distribution chart, Tong Ming Enterprise Co ranks #304 out of 495 companies in the Steel industry, which is below the industry midpoint. Overall, Tong Ming Enterprise Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tong Ming Enterprise Co's Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Tong Ming Enterprise Co ranks #304 out of 495 companies for Debt-to-EBITDA. This places Tong Ming Enterprise Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.92. Tong Ming Enterprise Co's value of 3.24 is 11% above this benchmark. Historically, Tong Ming Enterprise Co's own Debt-to-EBITDA has ranged from 1.28 to 8.06 over the past decade. While the company's 10-year median is 3.26 vs. the industry median of 2.92, Tong Ming Enterprise 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 Steel company?
The median Debt-to-EBITDA among Steel companies is 2.92, based on 495 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. Tong Ming Enterprise Co's current Debt-to-EBITDA of 3.24 is 11% 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 Tong Ming Enterprise Co. For the Steel industry, the median Debt-to-EBITDA is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Ming Enterprise Co's current Debt-to-EBITDA is 3.24, which is near median its own 10-year median of 3.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Ming Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Tong Ming Enterprise Co (TPE:5538) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$30.69, compared to a current price of NT$35.25 — trading 14.9% above its estimated fair value. The current Debt-to-EBITDA is 3.24, which is near median its 10-year median of 3.26 and 11% above the Steel industry median of 2.92. Tong Ming Enterprise Co's overall GF Score™ is 82/100 with 4 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 Tong Ming Enterprise Co (TPE:5538), the current Debt-to-EBITDA is 3.24 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 Tong Ming Enterprise Co (TPE:5538) Overvalued in 2026?
Based on GuruFocus' analysis, Tong Ming Enterprise Co stock appears to be overvalued.
The current stock price of NT$35.25 is trading 14.9% above its estimated GF Value™ of NT$30.69.
GuruFocus considers Tong Ming Enterprise Co to be Modestly Overvalued.
Key valuation signals for TPE:5538:
Debt-to-EBITDA: 3.24 (near median its 10-year median of 3.26)
GF Value™: NT$30.69 vs. price of NT$35.25 (14.9% above fair value)
Industry Position: 11% above the Steel median (#304 of 495)
No single metric tells the full story. See the TPE:5538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. The company derives the maximum revenue from Fasteners products. Geographically, the company operates in China. The company serves industries such as curtain wall, high-speed railways, communication, new energy, shipbuilding, animal husbandry, and foreign engineering projects. It derives maximum revenue from Fasteners followed by Wire, Strategic products, and others.
82GF Score
Get the complete analysis for TPE:5538
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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