Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) Debt-to-EBITDA : 15.53 (As of Mar. 2026)

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TPE:9110 Vietnam Manufacturing and Export Processing (Holdings) Ltd TPE:9110
53 GF Score
Price NT$3.08
GF Value NT$5.17
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Vietnam Manufacturing and Export Processing (Holdings) Debt-to-EBITDA?

Vietnam Manufacturing and Export Processing (Holdings) TPE:9110 53 Debt-to-EBITDA is 15.53 as of Mar. 2026. GuruFocus rates TPE:9110 with a GF Score™ of 53/100 and a GF Value™ of NT$5.17 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,102 Vehicles & Parts companies, Vietnam Manufacturing and Export Processing (Holdings) ranks worse than 58.44% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Vietnam Manufacturing and Export Processing (Holdings)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$718 Mil. Vietnam Manufacturing and Export Processing (Holdings)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$21 Mil. Vietnam Manufacturing and Export Processing (Holdings)'s annualized EBITDA for the quarter that ended in Mar. 2026 was NT$48 Mil. Vietnam Manufacturing and Export Processing (Holdings)'s annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 15.53.

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 Vietnam Manufacturing and Export Processing (Holdings)'s Debt-to-EBITDA or its related term are showing as below:

TPE:9110' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -23.96   Med: -1.15   Max: 25.46
Current: 2.84

During the past 13 years, the highest Debt-to-EBITDA Ratio of Vietnam Manufacturing and Export Processing (Holdings) was 25.46. The lowest was -23.96. And the median was -1.15.

TPE:9110's Debt-to-EBITDA is ranked worse than
58.44% of 1102 companies
in the Vehicles & Parts industry
Industry Median: 2.285 vs TPE:9110: 2.84

Vietnam Manufacturing and Export Processing (Holdings)  (TPE:9110) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Vietnam Manufacturing and Export Processing (Holdings) Debt-to-EBITDA Related Terms


Vietnam Manufacturing and Export Processing (Holdings) Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Vietnam Manufacturing and Export Processing (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.

Vietnam Manufacturing and Export Processing (Holdings) Debt-to-EBITDA Chart

Vietnam Manufacturing and Export Processing (Holdings) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.29 25.46 9.77 -23.96 4.14

Vietnam Manufacturing and Export Processing (Holdings) Quarterly Data
Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.47 -40.01 31.20 1.22 15.53

TPE:9110 vs BC, PII, THO: Debt-to-EBITDA Comparison

For the Recreational Vehicles subindustry, Vietnam Manufacturing and Export Processing (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.


Vietnam Manufacturing and Export Processing (Holdings) Debt-to-EBITDA vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Vietnam Manufacturing and Export Processing (Holdings)'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Vietnam Manufacturing and Export Processing (Holdings)'s Debt-to-EBITDA falls into.


TPE:9110
53GF Score
Vietnam Manufacturing and Export Processing (Holdings) Ltd TPE:9110
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vietnam Manufacturing and Export Processing (Holdings) Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Vietnam Manufacturing and Export Processing (Holdings)'s Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1165.898 + 20.504) / 286.936
=4.13

Vietnam Manufacturing and Export Processing (Holdings)'s annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(717.649 + 20.62) / 47.552
=15.53

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 15.53 mean?
Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) has a Debt-to-EBITDA of 15.53 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 Vietnam Manufacturing and Export Processing (Holdings). According to the industry distribution chart, Vietnam Manufacturing and Export Processing (Holdings) ranks #644 out of 1102 companies in the Vehicles & Parts industry, placing it in the top 58.4%.
Is Vietnam Manufacturing and Export Processing (Holdings)'s Debt-to-EBITDA too high?
Vietnam Manufacturing and Export Processing (Holdings)'s current Debt-to-EBITDA is 15.53. The Vehicles & Parts industry median Debt-to-EBITDA is 2.29. Vietnam Manufacturing and Export Processing (Holdings)'s value of 15.53 is 579.6% above this industry median. Based on the distribution chart, Vietnam Manufacturing and Export Processing (Holdings) ranks #644 out of 1102 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Vietnam Manufacturing and Export Processing (Holdings) has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vietnam Manufacturing and Export Processing (Holdings)'s Debt-to-EBITDA compare to BC and PII?
According to the Vehicles & Parts industry distribution chart, Vietnam Manufacturing and Export Processing (Holdings) ranks #644 out of 1102 companies for Debt-to-EBITDA. This places Vietnam Manufacturing and Export Processing (Holdings) in the lower half of its industry. The industry median Debt-to-EBITDA is 2.29. Vietnam Manufacturing and Export Processing (Holdings)'s value of 15.53 is 579.6% above this benchmark. 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 Vehicles & Parts company?
The median Debt-to-EBITDA among Vehicles & Parts companies is 2.29, based on 1,102 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. Vietnam Manufacturing and Export Processing (Holdings)'s current Debt-to-EBITDA of 15.53 is 579.6% 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 Vietnam Manufacturing and Export Processing (Holdings). For the Vehicles & Parts industry, the median Debt-to-EBITDA is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vietnam Manufacturing and Export Processing (Holdings)'s current Debt-to-EBITDA is 15.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vietnam Manufacturing and Export Processing (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$5.17, compared to a current price of NT$3.08 — trading 40.4% below its estimated fair value. The current Debt-to-EBITDA is 15.53 and 579.6% above the Vehicles & Parts industry median of 2.29. Vietnam Manufacturing and Export Processing (Holdings)'s overall GF Score™ is 53/100 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 Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110), the current Debt-to-EBITDA is 15.53 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 Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) Overvalued in 2026?

Based on GuruFocus' analysis, Vietnam Manufacturing and Export Processing (Holdings) stock appears to be undervalued. The current stock price of NT$3.08 is trading 40.4% below its estimated GF Value™ of NT$5.17. GuruFocus considers Vietnam Manufacturing and Export Processing (Holdings) to be Significantly Undervalued.

Key valuation signals for TPE:9110:

  • Debt-to-EBITDA: 15.53
  • GF Value™: NT$5.17 vs. price of NT$3.08 (40.4% below fair value)
  • GF Score™: 53/100 with 3 warning signs
  • Industry Position: 579.6% above the Vehicles & Parts median (#644 of 1102)

No single metric tells the full story. See the TPE:9110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vietnam Manufacturing and Export Processing (Holdings) Business Description

Other Exchanges 00422:Hong Kong
Address Section 5, Tam Hiep Ward, Dong Nai, Bien Hoa, VNM
Vietnam Manufacturing and Export Processing (Holdings) Ltd is engaged in manufacturing and sales of motorbikes, and related spare parts and engines. Its segments include Manufacturing and sale of motorbikes segment that includes motorbikes manufactured for the Vietnamese market and exports it to other countries including Malaysia, the Philippines, Thailand, Italy, Greece, United Arab Emirates and Singapore; and Manufacturing; and Sale of spare parts and engines segment manufactures engines for use in the group's motorbikes, while the group also exports engines to third parties. It manufactures parts for use in repair servicing and product assembly. Geographically, it operates in Vietnam, Malaysia, Philippines, United Arab Emirates, Greece, Thailand, Italy, Singapore, and Other Countries.
53GF Score

Get the complete analysis for TPE:9110

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$3.08
Price
NT$5.17
GF Value