Te Chang (ROCO:5511) EV-to-EBITDA: 1.98 (As of Sep. 21, 2026) — 39% Below Median

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
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.

ROCO:5511 Te Chang ROCO:5511
96 GF Score
Price NT$70.30
GF Value NT$64.26
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Te Chang EV-to-EBITDA?

Te Chang ROCO:5511 +0.86% 96 EV-to-EBITDA is 1.98 as of Sep. 21, 2026, which is 39% below its 10-year median of 3.26. GuruFocus rates ROCO:5511 with a GF Score™ of 96/100 and a GF Value™ of NT$64.26 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,498 Construction companies, Te Chang ranks better than 92.99% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Te Chang's enterprise value is NT$4,147 Mil. Te Chang's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was NT$2,090 Mil. Therefore, Te Chang's EV-to-EBITDA for today is 1.98.

The historical rank and industry rank for Te Chang's EV-to-EBITDA or its related term are showing as below:

ROCO:5511' s EV-to-EBITDA Range Over the Past 10 Years
Min: -0.86   Med: 3.26   Max: 9.63
Current: 1.96

During the past 13 years, the highest EV-to-EBITDA of Te Chang was 9.63. The lowest was -0.86. And the median was 3.26.

ROCO:5511's EV-to-EBITDA is ranked better than
92.99% of 1498 companies
in the Construction industry
Industry Median: 8.59 vs ROCO:5511: 1.96

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-09-21), Te Chang's stock price is NT$70.30. Te Chang's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was NT$11.281. Therefore, Te Chang's PE Ratio (TTM) for today is 6.23.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Te Chang  (ROCO:5511) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Te Chang's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=70.30/11.281
=6.23

Te Chang's share price for today is NT$70.30.
Te Chang's Earnings per Share (Diluted) 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$11.281.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Te Chang EV-to-EBITDA Related Terms


Te Chang EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Te Chang's EV-to-EBITDA 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.

Te Chang EV-to-EBITDA Chart

Te Chang Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.87 4.50 4.96 2.67

Te Chang Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA 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 4.34 4.19 2.68 2.13 2.55

ROCO:5511 vs PWR, FIX, EME: EV-to-EBITDA Comparison

For the Engineering & Construction subindustry, Te Chang's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.


Te Chang EV-to-EBITDA vs Construction Industry

For the Construction industry and Industrials sector, Te Chang's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Te Chang's EV-to-EBITDA falls into.


ROCO:5511
96GF Score
Te Chang ROCO:5511
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Te Chang EV-to-EBITDA Calculation

Te Chang's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=4146.716/2089.793
=1.98

Te Chang's current Enterprise Value is NT$4,147 Mil.
Te Chang's EBITDA 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$2,090 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-EBITDA →
What does a EV-to-EBITDA of 1.98 mean?
Te Chang (ROCO:5511) has a EV-to-EBITDA of 1.98 as of Sep. 21, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Te Chang. This is 39% below median its historical median of 3.26. According to the industry distribution chart, Te Chang ranks #105 out of 1498 companies in the Construction industry, placing it in the top 7%.
Is Te Chang's EV-to-EBITDA too high?
Te Chang's current EV-to-EBITDA of 1.98 is 39% below median its 10-year median of 3.26. The Construction industry median EV-to-EBITDA is 8.59. Te Chang's value of 1.98 is 76.9% below this industry median. Based on the distribution chart, Te Chang ranks #105 out of 1498 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Te Chang has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Te Chang's EV-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Te Chang ranks #105 out of 1498 companies for EV-to-EBITDA. This places Te Chang in the top 7% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 8.59. Te Chang's value of 1.98 is 76.9% below this benchmark. While the company's 10-year median is 3.26 vs. the industry median of 8.59, Te Chang 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-EBITDA for a Construction company?
The median EV-to-EBITDA among Construction companies is 8.59, based on 1,498 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Te Chang's current EV-to-EBITDA of 1.98 is 76.9% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Te Chang. For the Construction industry, the median EV-to-EBITDA is 8.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Te Chang's current EV-to-EBITDA is 1.98, which is 39% below median its own 10-year median of 3.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Te Chang stock overvalued right now?
Based on GuruFocus' analysis, Te Chang (ROCO:5511) is currently considered Fairly Valued. The stock's GF Value™ is NT$64.26, compared to a current price of NT$70.30 — trading 9.4% above its estimated fair value. The current EV-to-EBITDA is 1.98, which is 39% below median its 10-year median of 3.26 and 76.9% below the Construction industry median of 8.59. Te Chang's overall GF Score™ is 96/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Te Chang (ROCO:5511), the current EV-to-EBITDA is 1.98 as of Sep. 21, 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 Te Chang (ROCO:5511) Overvalued in 2026?

Based on GuruFocus' analysis, Te Chang stock appears to be overvalued. The current stock price of NT$70.30 is trading 9.4% above its estimated GF Value™ of NT$64.26. GuruFocus considers Te Chang to be Fairly Valued.

Key valuation signals for ROCO:5511:

  • EV-to-EBITDA: 1.98 (39% below median its 10-year median of 3.26)
  • GF Value™: NT$64.26 vs. price of NT$70.30 (9.4% above fair value)
  • GF Score™: 96/100 with 4 warning signs
  • Industry Position: 76.9% below the Construction median (#105 of 1498)

No single metric tells the full story. See the ROCO:5511 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Te Chang Business Description

Address Wuquan Road, 1st Floor, No.401-1, North District, Taichung, TWN, 40458
Te Chang main business operations include contracting for construction and civil engineering projects. The Group is engaged in the construction and real estate leasing business and is a single reportable segment. The company has presence in Taiwan, and Thailand. The company generates majority of revenue from Taiwan. The company's projects are Hospital Project, School Project, social housing, Factory building project, Commercial buildings, office building, civil Engineering, Other projects.
96GF Score

Get the complete analysis for ROCO:5511

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

NT$70.30
Price
NT$64.26
GF Value