Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Top Bright Holding CoTPE:8499 87 Debt-to-Equity is 0.28 as of Mar. 2026, which is 460% above its 10-year median of 0.05. GuruFocus rates TPE:8499 with a GF Score™ of 87/100 and a GF Value™ of NT$252.89 (Fairly Valued). The stock has 6 warning signs investors should review. Among 2,224 Hardware companies, Top Bright Holding Co ranks better than 50.13% 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 Top Bright Holding Co's Debt-to-Equity or its related term are showing as below:
TPE:8499'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.35
Current: 0.28
During the past 13 years, the highest Debt-to-Equity Ratio of Top Bright Holding Co was 0.35. The lowest was 0.02. And the median was 0.05.
TPE:8499's Debt-to-Equity is ranked better than 50.13% of 2224
companies
in the Hardware industry
Industry Median: 0.28
vs TPE:8499: 0.28
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.
Top Bright Holding Co Debt-to-Equity Related Terms
Top Bright Holding Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Top Bright Holding 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:8499 vs APH, GLW, TEL: Debt-to-Equity Comparison
For the Electronic Components subindustry, Top Bright Holding 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.
Top Bright Holding Co Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Top Bright Holding Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Top Bright Holding 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.
Top Bright Holding Co (TPE:8499) has a Debt-to-Equity of 0.28 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Top Bright Holding Co and its competitors. This is 460% above median its historical median of 0.05. Over the past decade, Top Bright Holding Co's Debt-to-Equity has ranged from 0.02 to 0.35. According to the industry distribution chart, Top Bright Holding Co ranks #1109 out of 2224 companies in the Hardware industry, placing it in the top 49.9%.
Is Top Bright Holding Co's Debt-to-Equity too high?
Top Bright Holding Co's current Debt-to-Equity of 0.28 is 460% above median its 10-year median of 0.05. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.35. The Hardware industry median Debt-to-Equity is 0.28. Top Bright Holding Co's value of 0.28 is 0% at this industry median. Based on the distribution chart, Top Bright Holding Co ranks #1109 out of 2224 companies in the Hardware industry, which is above the industry midpoint. Overall, Top Bright Holding Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Top Bright Holding Co's Debt-to-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Top Bright Holding Co ranks #1109 out of 2224 companies for Debt-to-Equity. This puts Top Bright Holding Co in the upper half of its industry. The industry median Debt-to-Equity is 0.28. Top Bright Holding Co's value of 0.28 is 0% at this benchmark. Historically, Top Bright Holding Co's own Debt-to-Equity has ranged from 0.02 to 0.35 over the past decade. While the company's 10-year median is 0.05 vs. the industry median of 0.28, Top Bright Holding Co has consistently been at 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. Top Bright Holding Co's current Debt-to-Equity of 0.28 is 0% at 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 Top Bright Holding 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. Top Bright Holding Co's current Debt-to-Equity is 0.28, which is 460% above median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Bright Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Top Bright Holding Co (TPE:8499) is currently considered Fairly Valued. The stock's GF Value™ is NT$252.89, compared to a current price of NT$265.00 — trading 4.8% above its estimated fair value. The current Debt-to-Equity is 0.28, which is 460% above median its 10-year median of 0.05 and 0% at the Hardware industry median of 0.28. Top Bright Holding Co's overall GF Score™ is 87/100 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 Top Bright Holding Co (TPE:8499), the current Debt-to-Equity is 0.28 as of Mar. 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 Top Bright Holding Co (TPE:8499) Overvalued in 2026?
Based on GuruFocus' analysis, Top Bright Holding Co stock appears to be overvalued.
The current stock price of NT$265.00 is trading 4.8% above its estimated GF Value™ of NT$252.89.
GuruFocus considers Top Bright Holding Co to be Fairly Valued.
Key valuation signals for TPE:8499:
Debt-to-Equity: 0.28 (460% above median its 10-year median of 0.05)
GF Value™: NT$252.89 vs. price of NT$265.00 (4.8% above fair value)
Industry Position: 0% at the Hardware median (#1109 of 2224)
No single metric tells the full story. See the TPE:8499 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Bright Holding Co Ltd is a Taiwan-based company engaged in the research, manufacture, and sale of electronic weighing and electronic materials. The company operates through two segments namely Electronic Materials Department and The Scales Department. It generates maximum revenue from the Electronic Material segment. The company's products include Conductive tape, Conductive foam, Conductive film, Insulation Tape, Shock-absorbing sealing material, Thermal interface material, Smart Barcode Scale, Smart weighing instrument, Traceability scale, and others. Geographically, it derives a majority of its revenue from China and also has a presence in Asia, Europe, America, Africa, and Oceania.
87GF Score
Get the complete analysis for TPE:8499
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:8499 has been successfully added to your 
