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Cheng LoongTPE:1904 -1.20%72 Debt-to-Equity is 1.06 as of Jun. 2026, which is 3% above its 10-year median of 1.03. GuruFocus rates TPE:1904 with a GF Score™ of 72/100 and a GF Value™ of NT$21.19 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 257 Forest Products companies, Cheng Loong ranks worse than 78.99% 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 Cheng Loong's Debt-to-Equity or its related term are showing as below:
TPE:1904'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.74 Med: 1.03 Max: 1.34
Current: 1.06
During the past 13 years, the highest Debt-to-Equity Ratio of Cheng Loong was 1.34. The lowest was 0.74. And the median was 1.03.
TPE:1904's Debt-to-Equity is ranked worse than 78.99% of 257
companies
in the Forest Products industry
Industry Median: 0.49
vs TPE:1904: 1.06
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.
Cheng Loong Debt-to-Equity Related Terms
Cheng Loong Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Cheng Loong'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.
For the Paper & Paper Products subindustry, Cheng Loong'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.
Cheng Loong Debt-to-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Cheng Loong's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Cheng Loong'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.
Cheng Loong (TPE:1904) has a Debt-to-Equity of 1.06 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Cheng Loong and its competitors. This is near median its historical median of 1.03. Over the past decade, Cheng Loong's Debt-to-Equity has ranged from 0.74 to 1.34. According to the industry distribution chart, Cheng Loong ranks #203 out of 257 companies in the Forest Products industry, placing it in the top 79%.
Is Cheng Loong's Debt-to-Equity too high?
Cheng Loong's current Debt-to-Equity of 1.06 is near median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.34. The Forest Products industry median Debt-to-Equity is 0.49. Cheng Loong's value of 1.06 is 116.3% above this industry median. Based on the distribution chart, Cheng Loong ranks #203 out of 257 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Cheng Loong has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Loong's Debt-to-Equity compare to competitors?
According to the Forest Products industry distribution chart, Cheng Loong ranks #203 out of 257 companies for Debt-to-Equity. This places Cheng Loong in the lower half of its industry. The industry median Debt-to-Equity is 0.49. Cheng Loong's value of 1.06 is 116.3% above this benchmark. Historically, Cheng Loong's own Debt-to-Equity has ranged from 0.74 to 1.34 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 0.49, Cheng Loong 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-Equity for a Forest Products company?
The median Debt-to-Equity among Forest Products companies is 0.49, based on 257 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. Cheng Loong's current Debt-to-Equity of 1.06 is 116.3% 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-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 Cheng Loong and its competitors. For the Forest Products industry, the median Debt-to-Equity is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheng Loong's current Debt-to-Equity is 1.06, which is near median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Loong stock overvalued right now?
Based on GuruFocus' analysis, Cheng Loong (TPE:1904) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$21.19, compared to a current price of NT$24.80 — trading 17% above its estimated fair value. The current Debt-to-Equity is 1.06, which is near median its 10-year median of 1.03 and 116.3% above the Forest Products industry median of 0.49. Cheng Loong's overall GF Score™ is 72/100 with 11 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 Cheng Loong (TPE:1904), the current Debt-to-Equity is 1.06 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 Cheng Loong (TPE:1904) Overvalued in 2026?
Based on GuruFocus' analysis, Cheng Loong stock appears to be overvalued.
The current stock price of NT$24.80 is trading 17% above its estimated GF Value™ of NT$21.19.
GuruFocus considers Cheng Loong to be Modestly Overvalued.
Key valuation signals for TPE:1904:
Debt-to-Equity: 1.06 (near median its 10-year median of 1.03)
GF Value™: NT$21.19 vs. price of NT$24.80 (17% above fair value)
Industry Position: 116.3% above the Forest Products median (#203 of 257)
No single metric tells the full story. See the TPE:1904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheng Loong Corp manufactures and sells a variety of paper products. The company is engaged in the manufacturing and sale of paper products, materials for paper products, corrugated cartons, and related products. It is also engaged in building commercial and residential premises for rent and sale in partnership with construction companies. The company generates a majority of its revenue from the manufacturing and sale of industrial paper, corrugated containers, and related products. Its geographical segments are Taiwan, which generates key revenue, China, and Southeast Asia.
72GF Score
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