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Cheer Time Enterprise CoTPE:3229 +8.61%52 Debt-to-Equity is 0.23 as of Jun. 2026, which is 18% below its 10-year median of 0.28. GuruFocus rates TPE:3229 with a GF Score™ of 52/100 and a GF Value™ of NT$23.36 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,224 Hardware companies, Cheer Time Enterprise Co ranks better than 55.17% 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 Cheer Time Enterprise Co's Debt-to-Equity or its related term are showing as below:
TPE:3229'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.28 Max: 0.57
Current: 0.23
During the past 13 years, the highest Debt-to-Equity Ratio of Cheer Time Enterprise Co was 0.57. The lowest was 0.01. And the median was 0.28.
TPE:3229's Debt-to-Equity is ranked better than 55.17% of 2224
companies
in the Hardware industry
Industry Median: 0.28
vs TPE:3229: 0.23
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.
Cheer Time Enterprise Co Debt-to-Equity Related Terms
Cheer Time Enterprise 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:3229 vs APH, GLW, TEL: Debt-to-Equity Comparison
For the Electronic Components subindustry, Cheer Time Enterprise 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.
Cheer Time Enterprise Co Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Cheer Time Enterprise Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Cheer Time Enterprise 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.
Cheer Time Enterprise Co (TPE:3229) has a Debt-to-Equity of 0.23 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Cheer Time Enterprise Co and its competitors. This is 18% below median its historical median of 0.28. Over the past decade, Cheer Time Enterprise Co's Debt-to-Equity has ranged from 0.01 to 0.57. According to the industry distribution chart, Cheer Time Enterprise Co ranks #997 out of 2224 companies in the Hardware industry, placing it in the top 44.8%.
Is Cheer Time Enterprise Co's Debt-to-Equity too high?
Cheer Time Enterprise Co's current Debt-to-Equity of 0.23 is 18% below median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.57. The Hardware industry median Debt-to-Equity is 0.28. Cheer Time Enterprise Co's value of 0.23 is 17.9% below this industry median. Based on the distribution chart, Cheer Time Enterprise Co ranks #997 out of 2224 companies in the Hardware industry, which is above the industry midpoint. Overall, Cheer Time Enterprise Co has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cheer Time Enterprise Co's Debt-to-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Cheer Time Enterprise Co ranks #997 out of 2224 companies for Debt-to-Equity. This puts Cheer Time Enterprise Co in the upper half of its industry. The industry median Debt-to-Equity is 0.28. Cheer Time Enterprise Co's value of 0.23 is 17.9% below this benchmark. Historically, Cheer Time Enterprise Co's own Debt-to-Equity has ranged from 0.01 to 0.57 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 0.28, Cheer Time Enterprise 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 2,224 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. Cheer Time Enterprise Co's current Debt-to-Equity of 0.23 is 17.9% 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 Cheer Time Enterprise 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. Cheer Time Enterprise Co's current Debt-to-Equity is 0.23, which is 18% below median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheer Time Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Cheer Time Enterprise Co (TPE:3229) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$23.36, compared to a current price of NT$61.80 — trading 164.6% above its estimated fair value. The current Debt-to-Equity is 0.23, which is 18% below median its 10-year median of 0.28 and 17.9% below the Hardware industry median of 0.28. Cheer Time Enterprise Co's overall GF Score™ is 52/100 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 Cheer Time Enterprise Co (TPE:3229), the current Debt-to-Equity is 0.23 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 Cheer Time Enterprise Co (TPE:3229) Overvalued in 2026?
Based on GuruFocus' analysis, Cheer Time Enterprise Co stock appears to be overvalued.
The current stock price of NT$61.80 is trading 164.6% above its estimated GF Value™ of NT$23.36.
GuruFocus considers Cheer Time Enterprise Co to be Significantly Overvalued.
Key valuation signals for TPE:3229:
Debt-to-Equity: 0.23 (18% below median its 10-year median of 0.28)
GF Value™: NT$23.36 vs. price of NT$61.80 (164.6% above fair value)
Industry Position: 17.9% below the Hardware median (#997 of 2224)
No single metric tells the full story. See the TPE:3229 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheer Time Enterprise Co Ltd is engaged in the manufacturing, processing and sales of rigid Printed Circuit Board (PCB), as well as international trade. The company's products include HDI, Teflon, ceramic plate, ceramic plate + FR-4, Load Board PCB, Aluminum substrate, rigid-flex PCB, Special process images, PCB drilling, Phosphor bronze balls, and Electronic components. It derives the majority of revenue from Manufacturing and sales of printed circuit boards. Geographically, it derives the majority of revenue from Taiwan, Asia (excluding Taiwan), North America, Oceania, and Europe with the majority of revenue deriving from Taiwan.
52GF Score
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