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Mayer Steel PipeTPE:2020 -0.24%75 Debt-to-Equity is 0.91 as of Mar. 2026, which is 14% above its 10-year median of 0.80. GuruFocus rates TPE:2020 with a GF Score™ of 75/100 and a GF Value™ of NT$21.19 (Fairly Valued). The stock has 5 warning signs investors should review. Among 548 Steel companies, Mayer Steel Pipe ranks worse than 76.09% 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 Mayer Steel Pipe's Debt-to-Equity or its related term are showing as below:
TPE:2020'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 0.8 Max: 1.14
Current: 0.91
During the past 13 years, the highest Debt-to-Equity Ratio of Mayer Steel Pipe was 1.14. The lowest was 0.59. And the median was 0.80.
TPE:2020's Debt-to-Equity is ranked worse than 76.09% of 548
companies
in the Steel industry
Industry Median: 0.405
vs TPE:2020: 0.91
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.
Mayer Steel Pipe Debt-to-Equity Related Terms
Mayer Steel Pipe Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Mayer Steel Pipe'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:2020 vs NUE, STLD, RS: Debt-to-Equity Comparison
For the Steel subindustry, Mayer Steel Pipe'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.
Mayer Steel Pipe Debt-to-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Mayer Steel Pipe's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Mayer Steel Pipe'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.
Mayer Steel Pipe (TPE:2020) has a Debt-to-Equity of 0.91 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Mayer Steel Pipe and its competitors. This is 14% above median its historical median of 0.80. Over the past decade, Mayer Steel Pipe's Debt-to-Equity has ranged from 0.59 to 1.14. According to the industry distribution chart, Mayer Steel Pipe ranks #417 out of 548 companies in the Steel industry, placing it in the top 76.1%.
Is Mayer Steel Pipe's Debt-to-Equity too high?
Mayer Steel Pipe's current Debt-to-Equity of 0.91 is 14% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.14. The Steel industry median Debt-to-Equity is 0.41. Mayer Steel Pipe's value of 0.91 is 124.7% above this industry median. Based on the distribution chart, Mayer Steel Pipe ranks #417 out of 548 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Mayer Steel Pipe has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mayer Steel Pipe's Debt-to-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Mayer Steel Pipe ranks #417 out of 548 companies for Debt-to-Equity. This places Mayer Steel Pipe in the lower half of its industry. The industry median Debt-to-Equity is 0.41. Mayer Steel Pipe's value of 0.91 is 124.7% above this benchmark. Historically, Mayer Steel Pipe's own Debt-to-Equity has ranged from 0.59 to 1.14 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 0.41, Mayer Steel Pipe 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 Steel company?
The median Debt-to-Equity among Steel companies is 0.41, based on 548 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. Mayer Steel Pipe's current Debt-to-Equity of 0.91 is 124.7% 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-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 Mayer Steel Pipe and its competitors. For the Steel industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayer Steel Pipe's current Debt-to-Equity is 0.91, which is 14% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayer Steel Pipe stock overvalued right now?
Based on GuruFocus' analysis, Mayer Steel Pipe (TPE:2020) is currently considered Fairly Valued. The stock's GF Value™ is NT$21.19, compared to a current price of NT$21.15 — trading 0.2% below its estimated fair value. The current Debt-to-Equity is 0.91, which is 14% above median its 10-year median of 0.80 and 124.7% above the Steel industry median of 0.41. Mayer Steel Pipe's overall GF Score™ is 75/100 with 5 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 Mayer Steel Pipe (TPE:2020), the current Debt-to-Equity is 0.91 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 Mayer Steel Pipe (TPE:2020) Overvalued in 2026?
Based on GuruFocus' analysis, Mayer Steel Pipe stock appears to be undervalued.
The current stock price of NT$21.15 is trading 0.2% below its estimated GF Value™ of NT$21.19.
GuruFocus considers Mayer Steel Pipe to be Fairly Valued.
Key valuation signals for TPE:2020:
Debt-to-Equity: 0.91 (14% above median its 10-year median of 0.80)
GF Value™: NT$21.19 vs. price of NT$21.15 (0.2% below fair value)
Industry Position: 124.7% above the Steel median (#417 of 548)
No single metric tells the full story. See the TPE:2020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayer Steel Pipe Corp operates as a steel pipe manufacturer in Taiwan. The primary business of the company and its entities is engaged in the production and sales of black steel pipes, galvanized steel pipes and stainless-steel coils for pipes. The company's reportable segments are the Steel Segment, Real Estate Investment Segment, Investment Segment, and Hotel Services Segment. The majority of revenue is derived from the Steel department, which focuses on the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for Pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.
75GF Score
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