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Elite Material CoTPE:2383 +5.36%79 Debt-to-Equity is 0.49 as of Jun. 2026, which is 104% above its 10-year median of 0.24. GuruFocus rates TPE:2383 with a GF Score™ of 79/100 and a GF Value™ of NT$1,662.27 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,229 Hardware companies, Elite Material Co ranks worse than 66.4% 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 Elite Material Co's Debt-to-Equity or its related term are showing as below:
TPE:2383'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.24 Max: 0.64
Current: 0.49
During the past 13 years, the highest Debt-to-Equity Ratio of Elite Material Co was 0.64. The lowest was 0.10. And the median was 0.24.
TPE:2383's Debt-to-Equity is ranked worse than 66.4% of 2229
companies
in the Hardware industry
Industry Median: 0.28
vs TPE:2383: 0.49
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.
Elite Material Co Debt-to-Equity Related Terms
Elite Material Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Elite Material Co'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:2383 vs APH, GLW, TEL: Debt-to-Equity Comparison
For the Electronic Components subindustry, Elite Material Co'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.
Elite Material Co Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Elite Material Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Elite Material Co'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.
Elite Material Co (TPE:2383) has a Debt-to-Equity of 0.49 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Elite Material Co and its competitors. This is 104% above median its historical median of 0.24. Over the past decade, Elite Material Co's Debt-to-Equity has ranged from 0.10 to 0.64. According to the industry distribution chart, Elite Material Co ranks #1480 out of 2229 companies in the Hardware industry, placing it in the top 66.4%.
Is Elite Material Co's Debt-to-Equity too high?
Elite Material Co's current Debt-to-Equity of 0.49 is 104% above median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.64. The Hardware industry median Debt-to-Equity is 0.28. Elite Material Co's value of 0.49 is 75% above this industry median. Based on the distribution chart, Elite Material Co ranks #1480 out of 2229 companies in the Hardware industry, which is below the industry midpoint. Overall, Elite Material Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elite Material Co's Debt-to-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Elite Material Co ranks #1480 out of 2229 companies for Debt-to-Equity. This places Elite Material Co in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Elite Material Co's value of 0.49 is 75% above this benchmark. Historically, Elite Material Co's own Debt-to-Equity has ranged from 0.10 to 0.64 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.28, Elite Material 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-Equity for a Hardware company?
The median Debt-to-Equity among Hardware companies is 0.28, based on 2,229 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. Elite Material Co's current Debt-to-Equity of 0.49 is 75% 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 Elite Material Co and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elite Material Co's current Debt-to-Equity is 0.49, which is 104% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elite Material Co stock overvalued right now?
Based on GuruFocus' analysis, Elite Material Co (TPE:2383) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$1,662.27, compared to a current price of NT$5,895.00 — trading 254.6% above its estimated fair value. The current Debt-to-Equity is 0.49, which is 104% above median its 10-year median of 0.24 and 75% above the Hardware industry median of 0.28. Elite Material Co's overall GF Score™ is 79/100 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 Elite Material Co (TPE:2383), the current Debt-to-Equity is 0.49 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 Elite Material Co (TPE:2383) Overvalued in 2026?
Based on GuruFocus' analysis, Elite Material Co stock appears to be overvalued.
The current stock price of NT$5,895.00 is trading 254.6% above its estimated GF Value™ of NT$1,662.27.
GuruFocus considers Elite Material Co to be Significantly Overvalued.
Key valuation signals for TPE:2383:
Debt-to-Equity: 0.49 (104% above median its 10-year median of 0.24)
GF Value™: NT$1,662.27 vs. price of NT$5,895.00 (254.6% above fair value)
Industry Position: 75% above the Hardware median (#1480 of 2229)
No single metric tells the full story. See the TPE:2383 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals, raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: the domestic segment produces and sells various types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components; the Foreign segment produces and sells prepreg for printed circuit boards and copper-clad laminates; and the Other segment includes investment and product exchange business. Geographically, it operates in Taiwan, China, and Other countries.
79GF Score
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