Merry Electronics Co (TPE:2439) EV-to-EBIT: 7.86 (As of Aug. 31, 2026) — 22% Below Median

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TPE:2439 Merry Electronics Co Ltd TPE:2439
81 GF Score
Price NT$78.50
GF Value NT$123.51
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Merry Electronics Co EV-to-EBIT?

Merry Electronics Co TPE:2439 +0.26% 81 EV-to-EBIT is 7.86 as of Aug. 31, 2026, which is 22% below its 10-year median of 10.12. GuruFocus rates TPE:2439 with a GF Score™ of 81/100 and a GF Value™ of NT$123.51 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,786 Hardware companies, Merry Electronics Co ranks better than 79.34% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Merry Electronics Co's Enterprise Value is NT$18,418 Mil. Merry Electronics Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was NT$2,342 Mil. Therefore, Merry Electronics Co's EV-to-EBIT for today is 7.86.

The historical rank and industry rank for Merry Electronics Co's EV-to-EBIT or its related term are showing as below:

TPE:2439' s EV-to-EBIT Range Over the Past 10 Years
Min: 5.6   Med: 10.12   Max: 22.12
Current: 7.86

During the past 13 years, the highest EV-to-EBIT of Merry Electronics Co was 22.12. The lowest was 5.60. And the median was 10.12.

TPE:2439's EV-to-EBIT is ranked better than
79.34% of 1786 companies
in the Hardware industry
Industry Median: 18.785 vs TPE:2439: 7.86

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Merry Electronics Co's Enterprise Value for the quarter that ended in Jun. 2026 was NT$21,328 Mil. Merry Electronics Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was NT$2,342 Mil. Merry Electronics Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 10.98%.


Merry Electronics Co  (TPE:2439) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Merry Electronics Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=2342.057/21327.649
=10.98 %

Merry Electronics Co's Enterprise Value for the quarter that ended in Jun. 2026 was NT$21,328 Mil.
Merry Electronics Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$2,342 Mil.

* 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.


Merry Electronics Co EV-to-EBIT Related Terms


Merry Electronics Co EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Merry Electronics Co's EV-to-EBIT 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.

Merry Electronics Co EV-to-EBIT Chart

Merry Electronics Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.77 7.89 11.95 7.01 10.09

Merry Electronics Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.31 9.52 10.09 8.13 9.11

TPE:2439 vs AAPL: EV-to-EBIT Comparison

For the Consumer Electronics subindustry, Merry Electronics Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Merry Electronics Co EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, Merry Electronics Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Merry Electronics Co's EV-to-EBIT falls into.


TPE:2439
81GF Score
Merry Electronics Co Ltd TPE:2439
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merry Electronics Co EV-to-EBIT Calculation

Merry Electronics Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=18418.213/2342.057
=7.86

Merry Electronics Co's current Enterprise Value is NT$18,418 Mil.
Merry Electronics Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$2,342 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 7.86 mean?
Merry Electronics Co (TPE:2439) has a EV-to-EBIT of 7.86 as of Aug. 31, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Merry Electronics Co and its competitors. This is 22% below median its historical median of 10.12. Over the past decade, Merry Electronics Co's EV-to-EBIT has ranged from 5.60 to 22.12. According to the industry distribution chart, Merry Electronics Co ranks #369 out of 1786 companies in the Hardware industry, placing it in the top 20.7%.
Is Merry Electronics Co's EV-to-EBIT too high?
Merry Electronics Co's current EV-to-EBIT of 7.86 is 22% below median its 10-year median of 10.12. Over the past 10 years, this metric has ranged from a low of 5.60 to a high of 22.12. The Hardware industry median EV-to-EBIT is 18.79. Merry Electronics Co's value of 7.86 is 58.2% below this industry median. Based on the distribution chart, Merry Electronics Co ranks #369 out of 1786 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Merry Electronics Co has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merry Electronics Co's EV-to-EBIT compare to AAPL?
According to the Hardware industry distribution chart, Merry Electronics Co ranks #369 out of 1786 companies for EV-to-EBIT. This places Merry Electronics Co in the top 21% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 18.79. Merry Electronics Co's value of 7.86 is 58.2% below this benchmark. Historically, Merry Electronics Co's own EV-to-EBIT has ranged from 5.60 to 22.12 over the past decade. While the company's 10-year median is 10.12 vs. the industry median of 18.79, Merry Electronics 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 EV-to-EBIT for a Hardware company?
The median EV-to-EBIT among Hardware companies is 18.79, based on 1,786 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merry Electronics Co's current EV-to-EBIT of 7.86 is 58.2% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Merry Electronics Co and its competitors. For the Hardware industry, the median EV-to-EBIT is 18.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merry Electronics Co's current EV-to-EBIT is 7.86, which is 22% below median its own 10-year median of 10.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merry Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Merry Electronics Co (TPE:2439) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$123.51, compared to a current price of NT$78.50 — trading 36.4% below its estimated fair value. The current EV-to-EBIT is 7.86, which is 22% below median its 10-year median of 10.12 and 58.2% below the Hardware industry median of 18.79. Merry Electronics Co's overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Merry Electronics Co (TPE:2439), the current EV-to-EBIT is 7.86 as of Aug. 31, 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 Merry Electronics Co (TPE:2439) Overvalued in 2026?

Based on GuruFocus' analysis, Merry Electronics Co stock appears to be undervalued. The current stock price of NT$78.50 is trading 36.4% below its estimated GF Value™ of NT$123.51. GuruFocus considers Merry Electronics Co to be Significantly Undervalued.

Key valuation signals for TPE:2439:

  • EV-to-EBIT: 7.86 (22% below median its 10-year median of 10.12)
  • GF Value™: NT$123.51 vs. price of NT$78.50 (36.4% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 58.2% below the Hardware median (#369 of 1786)

No single metric tells the full story. See the TPE:2439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Merry Electronics Co Business Description

Address No. 22, 23 Road, Taichung Industrial Park, Nantun District, Taichung, TWN, 408213
Merry Electronics Co Ltd is a Taiwan-based company that is engaged in producing and selling products, including headsets, speakers, microphones, batteries, and personal sound amplifiers. The company's products are applied to a series of business areas, including mobile devices, audio visual devices, computer peripherals, consumer electronics, and healthcare. The company has service sites located around the world, including in Taiwan, Shenzhen, Singapore, Vietnam, Thailand and others.
81GF Score

Get the complete analysis for TPE:2439

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$78.50
Price
NT$123.51
GF Value