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Taiwan PaihoTPE:9938 -1.17%81 Debt-to-Equity is 1.03 as of Jun. 2026, which is 1% below its 10-year median of 1.04. GuruFocus rates TPE:9938 with a GF Score™ of 81/100 and a GF Value™ of NT$68.38 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 931 Manufacturing - Apparel & Accessories companies, Taiwan Paiho ranks worse than 76.69% 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 Taiwan Paiho's Debt-to-Equity or its related term are showing as below:
TPE:9938'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 1.04 Max: 1.29
Current: 1.03
During the past 13 years, the highest Debt-to-Equity Ratio of Taiwan Paiho was 1.29. The lowest was 0.48. And the median was 1.04.
TPE:9938's Debt-to-Equity is ranked worse than 76.69% of 931
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.41
vs TPE:9938: 1.03
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.
Taiwan Paiho Debt-to-Equity Related Terms
Taiwan Paiho Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Taiwan Paiho'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.
For the Textile Manufacturing subindustry, Taiwan Paiho'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.
Taiwan Paiho Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Taiwan Paiho's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Taiwan Paiho'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.
Taiwan Paiho (TPE:9938) has a Debt-to-Equity of 1.03 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Taiwan Paiho and its competitors. This is near median its historical median of 1.04. Over the past decade, Taiwan Paiho's Debt-to-Equity has ranged from 0.48 to 1.29. According to the industry distribution chart, Taiwan Paiho ranks #714 out of 931 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 76.7%.
Is Taiwan Paiho's Debt-to-Equity too high?
Taiwan Paiho's current Debt-to-Equity of 1.03 is near median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.29. The Manufacturing - Apparel & Accessories industry median Debt-to-Equity is 0.41. Taiwan Paiho's value of 1.03 is 151.2% above this industry median. Based on the distribution chart, Taiwan Paiho ranks #714 out of 931 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Taiwan Paiho has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Paiho's Debt-to-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Taiwan Paiho ranks #714 out of 931 companies for Debt-to-Equity. This places Taiwan Paiho in the lower half of its industry. The industry median Debt-to-Equity is 0.41. Taiwan Paiho's value of 1.03 is 151.2% above this benchmark. Historically, Taiwan Paiho's own Debt-to-Equity has ranged from 0.48 to 1.29 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 0.41, Taiwan Paiho 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.41, based on 931 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. Taiwan Paiho's current Debt-to-Equity of 1.03 is 151.2% 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 Taiwan Paiho and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Paiho's current Debt-to-Equity is 1.03, which is near median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Paiho stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Paiho (TPE:9938) is currently considered Possible Value Trap. The stock's GF Value™ is NT$68.38, compared to a current price of NT$42.10 — trading 38.4% below its estimated fair value. The current Debt-to-Equity is 1.03, which is near median its 10-year median of 1.04 and 151.2% above the Manufacturing - Apparel & Accessories industry median of 0.41. Taiwan Paiho's overall GF Score™ is 81/100 with 8 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 Taiwan Paiho (TPE:9938), the current Debt-to-Equity is 1.03 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 Taiwan Paiho (TPE:9938) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Paiho stock appears to be undervalued.
The current stock price of NT$42.10 is trading 38.4% below its estimated GF Value™ of NT$68.38.
GuruFocus considers Taiwan Paiho to be Possible Value Trap.
Key valuation signals for TPE:9938:
Debt-to-Equity: 1.03 (near median its 10-year median of 1.04)
GF Value™: NT$68.38 vs. price of NT$42.10 (38.4% below fair value)
Industry Position: 151.2% above the Manufacturing - Apparel & Accessories median (#714 of 931)
No single metric tells the full story. See the TPE:9938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Paiho Ltd manufactures and sells touch fasteners, webbing, shoelaces, elastic, easy tape, and related superficial materials, as well as residential buildings constructed by entrusted construction contractors. The Group is also engaged in the construction business, including the sale of housing, shopping centers, and office buildings constructed by entrusted construction contractors. The Group operates through two reportable segments: Production, which generates maximum revenue, and Construction. Its business mainly operates in Taiwan, China, and Vietnam, with maximum revenue generated from Vietnam.
81GF Score
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