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Taiwan CogenerationTPE:8926 -1.76%67 Debt-to-EBITDA is 3.75 as of Mar. 2026, which is 1% above its 10-year median of 3.73. GuruFocus rates TPE:8926 with a GF Score™ of 67/100 and a GF Value™ of NT$110.24 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,411 Construction companies, Taiwan Cogeneration ranks worse than 86.68% 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 Taiwan Cogeneration's Debt-to-EBITDA or its related term are showing as below:
TPE:8926'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.67 Med: 3.73 Max: 8.35
Current: 8.35
During the past 13 years, the highest Debt-to-EBITDA Ratio of Taiwan Cogeneration was 8.35. The lowest was 2.67. And the median was 3.73.
TPE:8926's Debt-to-EBITDA is ranked worse than 86.68% of 1411
companies
in the Construction industry
Industry Median: 2.1
vs TPE:8926: 8.35
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.
Taiwan Cogeneration Debt-to-EBITDA Related Terms
Taiwan Cogeneration Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Taiwan Cogeneration'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:8926 vs PWR, FIX, EME: Debt-to-EBITDA Comparison
For the Engineering & Construction subindustry, Taiwan Cogeneration'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.
Taiwan Cogeneration Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, Taiwan Cogeneration's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Taiwan Cogeneration'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.
Taiwan Cogeneration (TPE:8926) has a Debt-to-EBITDA of 3.75 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 Taiwan Cogeneration. This is near median its historical median of 3.73. Over the past decade, Taiwan Cogeneration's Debt-to-EBITDA has ranged from 2.67 to 8.35. According to the industry distribution chart, Taiwan Cogeneration ranks #1223 out of 1411 companies in the Construction industry, placing it in the top 86.7%.
Is Taiwan Cogeneration's Debt-to-EBITDA too high?
Taiwan Cogeneration's current Debt-to-EBITDA of 3.75 is near median its 10-year median of 3.73. Over the past 10 years, this metric has ranged from a low of 2.67 to a high of 8.35. The Construction industry median Debt-to-EBITDA is 2.10. Taiwan Cogeneration's value of 3.75 is 78.6% above this industry median. Based on the distribution chart, Taiwan Cogeneration ranks #1223 out of 1411 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Taiwan Cogeneration has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Cogeneration's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Taiwan Cogeneration ranks #1223 out of 1411 companies for Debt-to-EBITDA. This places Taiwan Cogeneration in the lower half of its industry. The industry median Debt-to-EBITDA is 2.10. Taiwan Cogeneration's value of 3.75 is 78.6% above this benchmark. Historically, Taiwan Cogeneration's own Debt-to-EBITDA has ranged from 2.67 to 8.35 over the past decade. While the company's 10-year median is 3.73 vs. the industry median of 2.10, Taiwan Cogeneration 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.10, based on 1,411 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. Taiwan Cogeneration's current Debt-to-EBITDA of 3.75 is 78.6% 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 Taiwan Cogeneration. For the Construction industry, the median Debt-to-EBITDA is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Cogeneration's current Debt-to-EBITDA is 3.75, which is near median its own 10-year median of 3.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Cogeneration stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Cogeneration (TPE:8926) is currently considered Possible Value Trap. The stock's GF Value™ is NT$110.24, compared to a current price of NT$55.80 — trading 49.4% below its estimated fair value. The current Debt-to-EBITDA is 3.75, which is near median its 10-year median of 3.73 and 78.6% above the Construction industry median of 2.10. Taiwan Cogeneration's overall GF Score™ is 67/100 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 Taiwan Cogeneration (TPE:8926), the current Debt-to-EBITDA is 3.75 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 Taiwan Cogeneration (TPE:8926) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Cogeneration stock appears to be undervalued.
The current stock price of NT$55.80 is trading 49.4% below its estimated GF Value™ of NT$110.24.
GuruFocus considers Taiwan Cogeneration to be Possible Value Trap.
Key valuation signals for TPE:8926:
Debt-to-EBITDA: 3.75 (near median its 10-year median of 3.73)
GF Value™: NT$110.24 vs. price of NT$55.80 (49.4% below fair value)
Industry Position: 78.6% above the Construction median (#1223 of 1411)
No single metric tells the full story. See the TPE:8926 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Cogeneration Corp is engaged in engineering, planning, design, procurement, installation, construction and financial planning of cogeneration systems, environmental protection and fuel procurement for cogeneration systems and related businesses. The Corporation also operates and manages cogeneration plants, provides research and development, technical and consultation services related to cogeneration, and manufactures, assembles, sells, leases, installs and repairs cogeneration equipment. In addition, it invests in cogeneration plants, trades related equipment, engages in power generation businesses other than utility, and performs electric equipment installation. Its revenues are generated from sales from cogeneration plants and revenue from consulting and construction services.
67GF Score
Get the complete analysis for TPE:8926
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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