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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.
TPE:8473'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.51 Med: 0.89 Max: 1.21
Current: 0.9
During the past 13 years, the highest Debt-to-Equity Ratio of Forest Water Environmental Eng'g Co was 1.21. The lowest was 0.51. And the median was 0.89.
TPE:8473's Debt-to-Equity is ranked worse than 66.82% of 217
companies
in the Waste Management industry
Industry Median: 0.58
vs TPE:8473: 0.90
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.
Forest Water Environmental Eng'g Co Debt-to-Equity Related Terms
Forest Water Environmental Eng'g 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.
Forest Water Environmental Eng'g Co Debt-to-Equity Chart
TPE:8473 vs WM, RSG, WCN: Debt-to-Equity Comparison
For the Waste Management subindustry, Forest Water Environmental Eng'g 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.
Forest Water Environmental Eng'g Co Debt-to-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Forest Water Environmental Eng'g Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Forest Water Environmental Eng'g 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.
Forest Water Environmental Eng'g Co (TPE:8473) has a Debt-to-Equity of 0.90 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Forest Water Environmental Eng'g Co and its competitors. This is near median its historical median of 0.89. Over the past decade, Forest Water Environmental Eng'g Co's Debt-to-Equity has ranged from 0.51 to 1.21. According to the industry distribution chart, Forest Water Environmental Eng'g Co ranks #145 out of 217 companies in the Waste Management industry, placing it in the top 66.8%.
Is Forest Water Environmental Eng'g Co's Debt-to-Equity too high?
Forest Water Environmental Eng'g Co's current Debt-to-Equity of 0.90 is near median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.21. The Waste Management industry median Debt-to-Equity is 0.58. Forest Water Environmental Eng'g Co's value of 0.90 is 55.2% above this industry median. Based on the distribution chart, Forest Water Environmental Eng'g Co ranks #145 out of 217 companies in the Waste Management industry, which is below the industry midpoint. Overall, Forest Water Environmental Eng'g Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Forest Water Environmental Eng'g Co's Debt-to-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Forest Water Environmental Eng'g Co ranks #145 out of 217 companies for Debt-to-Equity. This places Forest Water Environmental Eng'g Co in the lower half of its industry. The industry median Debt-to-Equity is 0.58. Forest Water Environmental Eng'g Co's value of 0.90 is 55.2% above this benchmark. Historically, Forest Water Environmental Eng'g Co's own Debt-to-Equity has ranged from 0.51 to 1.21 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.58, Forest Water Environmental Eng'g 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 0.58, based on 217 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. Forest Water Environmental Eng'g Co's current Debt-to-Equity of 0.90 is 55.2% 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 Forest Water Environmental Eng'g Co and its competitors. For the Waste Management industry, the median Debt-to-Equity is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forest Water Environmental Eng'g Co's current Debt-to-Equity is 0.90, which is near median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forest Water Environmental Eng'g Co stock overvalued right now?
Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co (TPE:8473) is currently considered Fairly Valued. The stock's GF Value™ is NT$41.42, compared to a current price of NT$39.60 — trading 4.4% below its estimated fair value. The current Debt-to-Equity is 0.90, which is near median its 10-year median of 0.89 and 55.2% above the Waste Management industry median of 0.58. Forest Water Environmental Eng'g Co's overall GF Score™ is 84/100 with 4 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 Forest Water Environmental Eng'g Co (TPE:8473), the current Debt-to-Equity is 0.90 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 Forest Water Environmental Eng'g Co (TPE:8473) Overvalued in 2026?
Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co stock appears to be undervalued.
The current stock price of NT$39.60 is trading 4.4% below its estimated GF Value™ of NT$41.42.
GuruFocus considers Forest Water Environmental Eng'g Co to be Fairly Valued.
Key valuation signals for TPE:8473:
Debt-to-Equity: 0.90 (near median its 10-year median of 0.89)
GF Value™: NT$41.42 vs. price of NT$39.60 (4.4% below fair value)
Industry Position: 55.2% above the Waste Management median (#145 of 217)
No single metric tells the full story. See the TPE:8473 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forest Water Environmental Eng'g Co Ltd is engaged includes engineering projects for environmental protection, sewage treatment, waste treatment and recycling, and the recycling and decomposition of compostable food waste. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.
84GF Score
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