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Cleanaway CoTPE:8422 +0.18%84 Debt-to-Equity is 1.13 as of Jun. 2026, which is 131% above its 10-year median of 0.49. GuruFocus rates TPE:8422 with a GF Score™ of 84/100 and a GF Value™ of NT$23.26 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 215 Waste Management companies, Cleanaway Co ranks worse than 76.28% 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 Cleanaway Co's Debt-to-Equity or its related term are showing as below:
TPE:8422'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.49 Max: 1.8
Current: 1.13
During the past 13 years, the highest Debt-to-Equity Ratio of Cleanaway Co was 1.80. The lowest was 0.06. And the median was 0.49.
TPE:8422's Debt-to-Equity is ranked worse than 76.28% of 215
companies
in the Waste Management industry
Industry Median: 0.59
vs TPE:8422: 1.13
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.
Cleanaway Co Debt-to-Equity Related Terms
Cleanaway Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Cleanaway 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:8422 vs WM, RSG, WCN: Debt-to-Equity Comparison
For the Waste Management subindustry, Cleanaway 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.
Cleanaway Co Debt-to-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Cleanaway Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Cleanaway 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.
Cleanaway Co (TPE:8422) has a Debt-to-Equity of 1.13 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Cleanaway Co and its competitors. This is 131% above median its historical median of 0.49. Over the past decade, Cleanaway Co's Debt-to-Equity has ranged from 0.06 to 1.80. According to the industry distribution chart, Cleanaway Co ranks #164 out of 215 companies in the Waste Management industry, placing it in the top 76.3%.
Is Cleanaway Co's Debt-to-Equity too high?
Cleanaway Co's current Debt-to-Equity of 1.13 is 131% above median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 1.80. The Waste Management industry median Debt-to-Equity is 0.59. Cleanaway Co's value of 1.13 is 91.5% above this industry median. Based on the distribution chart, Cleanaway Co ranks #164 out of 215 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Cleanaway Co has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cleanaway Co's Debt-to-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Cleanaway Co ranks #164 out of 215 companies for Debt-to-Equity. This places Cleanaway Co in the lower half of its industry. The industry median Debt-to-Equity is 0.59. Cleanaway Co's value of 1.13 is 91.5% above this benchmark. Historically, Cleanaway Co's own Debt-to-Equity has ranged from 0.06 to 1.80 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.59, Cleanaway 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 Waste Management company?
The median Debt-to-Equity among Waste Management companies is 0.59, based on 215 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. Cleanaway Co's current Debt-to-Equity of 1.13 is 91.5% 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 Cleanaway Co and its competitors. For the Waste Management industry, the median Debt-to-Equity is 0.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleanaway Co's current Debt-to-Equity is 1.13, which is 131% above median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleanaway Co stock overvalued right now?
Based on GuruFocus' analysis, Cleanaway Co (TPE:8422) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$23.26, compared to a current price of NT$27.25 — trading 17.2% above its estimated fair value. The current Debt-to-Equity is 1.13, which is 131% above median its 10-year median of 0.49 and 91.5% above the Waste Management industry median of 0.59. Cleanaway Co's overall GF Score™ is 84/100 with 9 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 Cleanaway Co (TPE:8422), the current Debt-to-Equity is 1.13 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 Cleanaway Co (TPE:8422) Overvalued in 2026?
Based on GuruFocus' analysis, Cleanaway Co stock appears to be overvalued.
The current stock price of NT$27.25 is trading 17.2% above its estimated GF Value™ of NT$23.26.
GuruFocus considers Cleanaway Co to be Modestly Overvalued.
Key valuation signals for TPE:8422:
Debt-to-Equity: 1.13 (131% above median its 10-year median of 0.49)
GF Value™: NT$23.26 vs. price of NT$27.25 (17.2% above fair value)
Industry Position: 91.5% above the Waste Management median (#164 of 215)
No single metric tells the full story. See the TPE:8422 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cleanaway Co Ltd is a Taiwan-based environmental protection and waste management company engaged in the treatment, recycling, transportation, and disposal of industrial and hazardous waste. The company operates through eight reportable segments: Solidification and Excavation, Landfill, Clean-up and Transport, China Operations, Investment, Paper Manufacturing, Power Sales, and Ready-Mixed Concrete. Its services include intermediate treatment of hazardous industrial waste, landfill operations, contaminated site remediation, waste removal and transportation, and environmental protection services. The company also manufactures paper products, sells renewable energy generated from solar power, and produces ready-mixed concrete.
84GF Score
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