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.
Merida Industry CoTPE:9914 -2.57%71 Debt-to-EBITDA is 3.35 as of Mar. 2026, which is 379% above its 10-year median of 0.70. GuruFocus rates TPE:9914 with a GF Score™ of 71/100 and a GF Value™ of NT$131.13 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 654 Travel & Leisure companies, Merida Industry Co ranks worse than 65.44% 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 Merida Industry Co's Debt-to-EBITDA or its related term are showing as below:
TPE:9914'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -45.42 Med: 0.7 Max: 3.7
Current: 3.7
During the past 13 years, the highest Debt-to-EBITDA Ratio of Merida Industry Co was 3.70. The lowest was -45.42. And the median was 0.70.
TPE:9914's Debt-to-EBITDA is ranked worse than 65.44% of 654
companies
in the Travel & Leisure industry
Industry Median: 2.415
vs TPE:9914: 3.70
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.
Merida Industry Co Debt-to-EBITDA Related Terms
Merida Industry Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Merida Industry Co'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:9914 vs AS, HAS, LTH: Debt-to-EBITDA Comparison
For the Leisure subindustry, Merida Industry 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.
Merida Industry Co Debt-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Merida Industry Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Merida Industry 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.
Merida Industry Co (TPE:9914) has a Debt-to-EBITDA of 3.35 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 Merida Industry Co. This is 379% above median its historical median of 0.70. According to the industry distribution chart, Merida Industry Co ranks #428 out of 654 companies in the Travel & Leisure industry, placing it in the top 65.4%.
Is Merida Industry Co's Debt-to-EBITDA too high?
Merida Industry Co's current Debt-to-EBITDA of 3.35 is 379% above median its 10-year median of 0.70. The Travel & Leisure industry median Debt-to-EBITDA is 2.42. Merida Industry Co's value of 3.35 is 38.7% above this industry median. Based on the distribution chart, Merida Industry Co ranks #428 out of 654 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Merida Industry Co has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merida Industry Co's Debt-to-EBITDA compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Merida Industry Co ranks #428 out of 654 companies for Debt-to-EBITDA. This places Merida Industry Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.42. Merida Industry Co's value of 3.35 is 38.7% above this benchmark. While the company's 10-year median is 0.70 vs. the industry median of 2.42, Merida Industry 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 Travel & Leisure company?
The median Debt-to-EBITDA among Travel & Leisure companies is 2.42, based on 654 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. Merida Industry Co's current Debt-to-EBITDA of 3.35 is 38.7% 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 Merida Industry Co. For the Travel & Leisure industry, the median Debt-to-EBITDA is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merida Industry Co's current Debt-to-EBITDA is 3.35, which is 379% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merida Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Merida Industry Co (TPE:9914) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$131.13, compared to a current price of NT$83.30 — trading 36.5% below its estimated fair value. The current Debt-to-EBITDA is 3.35, which is 379% above median its 10-year median of 0.70 and 38.7% above the Travel & Leisure industry median of 2.42. Merida Industry Co's overall GF Score™ is 71/100 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 Merida Industry Co (TPE:9914), the current Debt-to-EBITDA is 3.35 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 Merida Industry Co (TPE:9914) Overvalued in 2026?
Based on GuruFocus' analysis, Merida Industry Co stock appears to be undervalued.
The current stock price of NT$83.30 is trading 36.5% below its estimated GF Value™ of NT$131.13.
GuruFocus considers Merida Industry Co to be Significantly Undervalued.
Key valuation signals for TPE:9914:
Debt-to-EBITDA: 3.35 (379% above median its 10-year median of 0.70)
GF Value™: NT$131.13 vs. price of NT$83.30 (36.5% below fair value)
Industry Position: 38.7% above the Travel & Leisure median (#428 of 654)
No single metric tells the full story. See the TPE:9914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merida Industry Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. It distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.
71GF Score
Get the complete analysis for TPE:9914
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:9914 has been successfully added to your 
