Crowell Development (TPE:2528) Debt-to-Equity: 1.46 (As of Jun. 2026) — 21% Below Median

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Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2528 Crowell Development Corp TPE:2528
68 GF Score
Price NT$20.00
GF Value NT$67.33
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Crowell Development Debt-to-Equity?

Crowell Development TPE:2528 -1.96% 68 Debt-to-Equity is 1.46 as of Jun. 2026, which is 21% below its 10-year median of 1.85. GuruFocus rates TPE:2528 with a GF Score™ of 68/100 and a GF Value™ of NT$67.33 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,545 Real Estate companies, Crowell Development ranks worse than 73.72% on this metric.

Crowell Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$7,922 Mil. Crowell Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$3,064 Mil. Crowell Development's Total Stockholders Equity for the quarter that ended in Jun. 2026 was NT$7,529 Mil. Crowell Development's debt to equity for the quarter that ended in Jun. 2026 was 1.46.

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 Crowell Development's Debt-to-Equity or its related term are showing as below:

TPE:2528' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28   Med: 1.85   Max: 3.01
Current: 1.46

During the past 13 years, the highest Debt-to-Equity Ratio of Crowell Development was 3.01. The lowest was 0.28. And the median was 1.85.

TPE:2528's Debt-to-Equity is ranked worse than
73.72% of 1545 companies
in the Real Estate industry
Industry Median: 0.75 vs TPE:2528: 1.46

Crowell Development  (TPE:2528) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Crowell Development Debt-to-Equity Related Terms


Crowell Development Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Crowell Development'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.

Crowell Development Debt-to-Equity Chart

Crowell Development Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.32 1.96 2.24 2.12 1.39

Crowell Development Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.90 1.51 1.39 1.55 1.46

TPE:2528 vs CBRE, BEKE, JLL: Debt-to-Equity Comparison

For the Real Estate Services subindustry, Crowell Development'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.


Crowell Development Debt-to-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Crowell Development's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Crowell Development's Debt-to-Equity falls into.


TPE:2528
68GF Score
Crowell Development Corp TPE:2528
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Crowell Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Crowell Development's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Crowell Development's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.46 mean?
Crowell Development (TPE:2528) has a Debt-to-Equity of 1.46 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Crowell Development and its competitors. This is 21% below median its historical median of 1.85. Over the past decade, Crowell Development's Debt-to-Equity has ranged from 0.28 to 3.01. According to the industry distribution chart, Crowell Development ranks #1139 out of 1545 companies in the Real Estate industry, placing it in the top 73.7%.
Is Crowell Development's Debt-to-Equity too high?
Crowell Development's current Debt-to-Equity of 1.46 is 21% below median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 3.01. The Real Estate industry median Debt-to-Equity is 0.75. Crowell Development's value of 1.46 is 94.7% above this industry median. Based on the distribution chart, Crowell Development ranks #1139 out of 1545 companies in the Real Estate industry, which is below the industry midpoint. Overall, Crowell Development has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Crowell Development's Debt-to-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Crowell Development ranks #1139 out of 1545 companies for Debt-to-Equity. This places Crowell Development in the lower half of its industry. The industry median Debt-to-Equity is 0.75. Crowell Development's value of 1.46 is 94.7% above this benchmark. Historically, Crowell Development's own Debt-to-Equity has ranged from 0.28 to 3.01 over the past decade. While the company's 10-year median is 1.85 vs. the industry median of 0.75, Crowell Development 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 Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.75, based on 1,545 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. Crowell Development's current Debt-to-Equity of 1.46 is 94.7% 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 Crowell Development and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Crowell Development's current Debt-to-Equity is 1.46, which is 21% below median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crowell Development stock overvalued right now?
Based on GuruFocus' analysis, Crowell Development (TPE:2528) is currently considered Possible Value Trap. The stock's GF Value™ is NT$67.33, compared to a current price of NT$20.00 — trading 70.3% below its estimated fair value. The current Debt-to-Equity is 1.46, which is 21% below median its 10-year median of 1.85 and 94.7% above the Real Estate industry median of 0.75. Crowell Development's overall GF Score™ is 68/100 with 6 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 Crowell Development (TPE:2528), the current Debt-to-Equity is 1.46 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 Crowell Development (TPE:2528) Overvalued in 2026?

Based on GuruFocus' analysis, Crowell Development stock appears to be undervalued. The current stock price of NT$20.00 is trading 70.3% below its estimated GF Value™ of NT$67.33. GuruFocus considers Crowell Development to be Possible Value Trap.

Key valuation signals for TPE:2528:

  • Debt-to-Equity: 1.46 (21% below median its 10-year median of 1.85)
  • GF Value™: NT$67.33 vs. price of NT$20.00 (70.3% below fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 94.7% above the Real Estate median (#1139 of 1545)

No single metric tells the full story. See the TPE:2528 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Crowell Development Business Description

Address No.747, Wenzhong Road, 6th Floor, Taoyuan District, Taoyuan City, TWN, 330
Crowell Development Corp engages in the business of construction, sales, and leasing of commercial and residential buildings. The company operates in a single segment of public housing, selling and leasing of residential and commercial buildings.
68GF Score

Get the complete analysis for TPE:2528

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$20.00
Price
NT$67.33
GF Value