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Formosa PlasticsTPE:1301 -0.63%70 Debt-to-Equity is 0.24 as of Jun. 2026, which is 4% below its 10-year median of 0.25. GuruFocus rates TPE:1301 with a GF Score™ of 70/100 and a GF Value™ of NT$45.95 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,419 Chemicals companies, Formosa Plastics ranks better than 61.03% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Formosa Plastics's Debt-to-Equity or its related term are showing as below:
TPE:1301'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.25 Max: 0.51
Current: 0.24
During the past 13 years, the highest Debt-to-Equity Ratio of Formosa Plastics was 0.51. The lowest was 0.12. And the median was 0.25.
TPE:1301's Debt-to-Equity is ranked better than 61.03% of 1419
companies
in the Chemicals industry
Industry Median: 0.36
vs TPE:1301: 0.24
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Formosa Plastics Debt-to-Equity Related Terms
Formosa Plastics Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Formosa Plastics's Debt-to-Equity 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:1301 vs LIN, SHW, ECL: Debt-to-Equity Comparison
For the Specialty Chemicals subindustry, Formosa Plastics's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Formosa Plastics Debt-to-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Formosa Plastics's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Formosa Plastics's Debt-to-Equity 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.
Formosa Plastics (TPE:1301) has a Debt-to-Equity of 0.24 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Formosa Plastics and its competitors. This is near median its historical median of 0.25. Over the past decade, Formosa Plastics' Debt-to-Equity has ranged from 0.12 to 0.51. According to the industry distribution chart, Formosa Plastics ranks #553 out of 1419 companies in the Chemicals industry, placing it in the top 39%.
Is Formosa Plastics' Debt-to-Equity too high?
Formosa Plastics' current Debt-to-Equity of 0.24 is near median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.51. The Chemicals industry median Debt-to-Equity is 0.36. Formosa Plastics' value of 0.24 is 33.3% below this industry median. Based on the distribution chart, Formosa Plastics ranks #553 out of 1419 companies in the Chemicals industry, which is above the industry midpoint. Overall, Formosa Plastics has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Formosa Plastics' Debt-to-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Formosa Plastics ranks #553 out of 1419 companies for Debt-to-Equity. This puts Formosa Plastics in the upper half of its industry. The industry median Debt-to-Equity is 0.36. Formosa Plastics' value of 0.24 is 33.3% below this benchmark. Historically, Formosa Plastics' own Debt-to-Equity has ranged from 0.12 to 0.51 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.36, Formosa Plastics has consistently been below 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-Equity for a Chemicals company?
The median Debt-to-Equity among Chemicals companies is 0.36, based on 1,419 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Formosa Plastics's current Debt-to-Equity of 0.24 is 33.3% below 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Formosa Plastics and its competitors. For the Chemicals industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formosa Plastics's current Debt-to-Equity is 0.24, which is near median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formosa Plastics stock overvalued right now?
Based on GuruFocus' analysis, Formosa Plastics (TPE:1301) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$45.95, compared to a current price of NT$62.70 — trading 36.5% above its estimated fair value. The current Debt-to-Equity is 0.24, which is near median its 10-year median of 0.25 and 33.3% below the Chemicals industry median of 0.36. Formosa Plastics' overall GF Score™ is 70/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Formosa Plastics (TPE:1301), the current Debt-to-Equity is 0.24 as of Jun. 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 Formosa Plastics (TPE:1301) Overvalued in 2026?
Based on GuruFocus' analysis, Formosa Plastics stock appears to be overvalued.
The current stock price of NT$62.70 is trading 36.5% above its estimated GF Value™ of NT$45.95.
GuruFocus considers Formosa Plastics to be Significantly Overvalued.
Key valuation signals for TPE:1301:
Debt-to-Equity: 0.24 (near median its 10-year median of 0.25)
GF Value™: NT$45.95 vs. price of NT$62.70 (36.5% above fair value)
Industry Position: 33.3% below the Chemicals median (#553 of 1419)
No single metric tells the full story. See the TPE:1301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formosa Plastics Corp is a holding company that, through its subsidiaries, manufactures and sells plastic-based products, chemical fibers, and petrochemicals. The company operates in five reportable segments: Plastics Division, Polyolefins Division, Polypropylene Division, Tairylan Division, and Chemical Division. The majority of revenue is derived from the Plastic division. Geographically, the company operates in Taiwan, mainland China, and other countries, with the maximum revenue generated from Taiwan.
70GF Score
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