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Taiwan PaihoTPE:9938 -0.82%78 Debt-to-EBITDA is 3.68 as of Mar. 2026, which is 30% above its 10-year median of 2.82. GuruFocus rates TPE:9938 with a GF Score™ of 78/100 and a GF Value™ of NT$68.12 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 813 Manufacturing - Apparel & Accessories companies, Taiwan Paiho ranks worse than 61.75% 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 Paiho's Debt-to-EBITDA or its related term are showing as below:
TPE:9938'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.25 Med: 2.82 Max: 5.4
Current: 3.66
During the past 13 years, the highest Debt-to-EBITDA Ratio of Taiwan Paiho was 5.40. The lowest was 1.25. And the median was 2.82.
TPE:9938's Debt-to-EBITDA is ranked worse than 61.75% of 813
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.69
vs TPE:9938: 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.
Taiwan Paiho Debt-to-EBITDA Related Terms
Taiwan Paiho Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Taiwan Paiho'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.
For the Textile Manufacturing subindustry, Taiwan Paiho'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 Paiho Debt-to-EBITDA vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Taiwan Paiho's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Taiwan Paiho'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 Paiho (TPE:9938) has a Debt-to-EBITDA of 3.68 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 Paiho. This is 30% above median its historical median of 2.82. Over the past decade, Taiwan Paiho's Debt-to-EBITDA has ranged from 1.25 to 5.40. According to the industry distribution chart, Taiwan Paiho ranks #502 out of 813 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 61.7%.
Is Taiwan Paiho's Debt-to-EBITDA too high?
Taiwan Paiho's current Debt-to-EBITDA of 3.68 is 30% above median its 10-year median of 2.82. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 5.40. The Manufacturing - Apparel & Accessories industry median Debt-to-EBITDA is 2.69. Taiwan Paiho's value of 3.68 is 36.8% above this industry median. Based on the distribution chart, Taiwan Paiho ranks #502 out of 813 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Taiwan Paiho has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Paiho's Debt-to-EBITDA compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Taiwan Paiho ranks #502 out of 813 companies for Debt-to-EBITDA. This places Taiwan Paiho in the lower half of its industry. The industry median Debt-to-EBITDA is 2.69. Taiwan Paiho's value of 3.68 is 36.8% above this benchmark. Historically, Taiwan Paiho's own Debt-to-EBITDA has ranged from 1.25 to 5.40 over the past decade. While the company's 10-year median is 2.82 vs. the industry median of 2.69, Taiwan Paiho 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-EBITDA among Manufacturing - Apparel & Accessories companies is 2.69, based on 813 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 Paiho's current Debt-to-EBITDA of 3.68 is 36.8% 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 Taiwan Paiho. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-EBITDA is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Paiho's current Debt-to-EBITDA is 3.68, which is 30% above median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Paiho stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Paiho (TPE:9938) is currently considered Possible Value Trap. The stock's GF Value™ is NT$68.12, compared to a current price of NT$42.15 — trading 38.1% below its estimated fair value. The current Debt-to-EBITDA is 3.68, which is 30% above median its 10-year median of 2.82 and 36.8% above the Manufacturing - Apparel & Accessories industry median of 2.69. Taiwan Paiho's overall GF Score™ is 78/100 with 7 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 Paiho (TPE:9938), the current Debt-to-EBITDA is 3.68 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 Paiho (TPE:9938) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Paiho stock appears to be undervalued.
The current stock price of NT$42.15 is trading 38.1% below its estimated GF Value™ of NT$68.12.
GuruFocus considers Taiwan Paiho to be Possible Value Trap.
Key valuation signals for TPE:9938:
Debt-to-EBITDA: 3.68 (30% above median its 10-year median of 2.82)
GF Value™: NT$68.12 vs. price of NT$42.15 (38.1% below fair value)
Industry Position: 36.8% above the Manufacturing - Apparel & Accessories median (#502 of 813)
No single metric tells the full story. See the TPE:9938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Paiho Ltd manufactures and sells touch fasteners, webbing, shoelaces, elastic, easy tape, and related superficial materials, as well as residential buildings constructed by entrusted construction contractors. The Group is also engaged in the construction business, including the sale of housing, shopping centers, and office buildings constructed by entrusted construction contractors. The Group operates through two reportable segments: Production, which generates maximum revenue, and Construction. Its business mainly operates in Taiwan, China, and Vietnam, with maximum revenue generated from Vietnam.
78GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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