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Good Will Instrument CoTPE:2423 -0.54%77 Debt-to-Equity is 0.01 as of Jun. 2026, which is 83% below its 10-year median of 0.06. GuruFocus rates TPE:2423 with a GF Score™ of 77/100 and a GF Value™ of NT$50.11 (Significantly Overvalued). Among 2,233 Hardware companies, Good Will Instrument Co ranks better than 99.96% 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 Good Will Instrument Co's Debt-to-Equity or its related term are showing as below:
TPE:2423'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.27
Current: 0.01
During the past 13 years, the highest Debt-to-Equity Ratio of Good Will Instrument Co was 0.27. The lowest was 0.01. And the median was 0.06.
TPE:2423's Debt-to-Equity is ranked better than 99.96% of 2233
companies
in the Hardware industry
Industry Median: 0.28
vs TPE:2423: 0.01
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.
Good Will Instrument Co Debt-to-Equity Related Terms
Good Will Instrument Co Debt-to-Equity Historical Data
* 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:2423 vs GRMN, COHR, KEYS: Debt-to-Equity Comparison
For the Scientific & Technical Instruments subindustry, Good Will Instrument 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.
Good Will Instrument Co Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Good Will Instrument Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Good Will Instrument 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.
Good Will Instrument Co (TPE:2423) has a Debt-to-Equity of 0.01 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Good Will Instrument Co and its competitors. This is 83% below median its historical median of 0.06. Over the past decade, Good Will Instrument Co's Debt-to-Equity has ranged from 0.01 to 0.27. According to the industry distribution chart, Good Will Instrument Co ranks #1 out of 2233 companies in the Hardware industry, placing it in the top 0%.
Is Good Will Instrument Co's Debt-to-Equity too high?
Good Will Instrument Co's current Debt-to-Equity of 0.01 is 83% below median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.27. The Hardware industry median Debt-to-Equity is 0.28. Good Will Instrument Co's value of 0.01 is 96.4% below this industry median. Based on the distribution chart, Good Will Instrument Co ranks #1 out of 2233 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Good Will Instrument Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Good Will Instrument Co's Debt-to-Equity compare to GRMN and COHR?
According to the Hardware industry distribution chart, Good Will Instrument Co ranks #1 out of 2233 companies for Debt-to-Equity. This places Good Will Instrument Co in the top 0% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.28. Good Will Instrument Co's value of 0.01 is 96.4% below this benchmark. Historically, Good Will Instrument Co's own Debt-to-Equity has ranged from 0.01 to 0.27 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.28, Good Will Instrument Co 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 Hardware company?
The median Debt-to-Equity among Hardware companies is 0.28, based on 2,233 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. Good Will Instrument Co's current Debt-to-Equity of 0.01 is 96.4% 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 Good Will Instrument 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. Good Will Instrument Co's current Debt-to-Equity is 0.01, which is 83% below median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Will Instrument Co stock overvalued right now?
Based on GuruFocus' analysis, Good Will Instrument Co (TPE:2423) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$50.11, compared to a current price of NT$73.90 — trading 47.5% above its estimated fair value. The current Debt-to-Equity is 0.01, which is 83% below median its 10-year median of 0.06 and 96.4% below the Hardware industry median of 0.28. Good Will Instrument Co's overall GF Score™ is 77/100. 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 Good Will Instrument Co (TPE:2423), the current Debt-to-Equity is 0.01 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 Good Will Instrument Co (TPE:2423) Overvalued in 2026?
Based on GuruFocus' analysis, Good Will Instrument Co stock appears to be overvalued.
The current stock price of NT$73.90 is trading 47.5% above its estimated GF Value™ of NT$50.11.
GuruFocus considers Good Will Instrument Co to be Significantly Overvalued.
Key valuation signals for TPE:2423:
Debt-to-Equity: 0.01 (83% below median its 10-year median of 0.06)
GF Value™: NT$50.11 vs. price of NT$73.90 (47.5% above fair value)
Industry Position: 96.4% below the Hardware median (#1 of 2233)
No single metric tells the full story. See the TPE:2423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Good Will Instrument Co Ltd manufactures and sells electrical testing instruments, communication equipment, and related products. Its products include oscilloscopes, spectrum analyzers, signal sources, power supplies, public broadcasting and video monitoring systems, environmental testing equipment, constant temperature and humidity equipment, and vibration test equipment, among others. Geographically, the company generates a majority of its revenue from China and the rest from Japan, Taiwan, America, Europe, and other countries.
77GF Score
Get the complete analysis for TPE:2423
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