Horizon Securities Co (ROCO:6015) EV-to-EBITDA: 1.50 (As of Sep. 08, 2026) — 35% Below Median

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ROCO:6015 Horizon Securities Co Ltd ROCO:6015
59 GF Score
Price NT$17.85
GF Value NT$24.38
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Horizon Securities Co EV-to-EBITDA?

Horizon Securities Co ROCO:6015 +5.93% 59 EV-to-EBITDA is 1.50 as of Sep. 08, 2026, which is 35% below its 10-year median of 2.32. GuruFocus rates ROCO:6015 with a GF Score™ of 59/100 and a GF Value™ of NT$24.38 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 498 Capital Markets companies, Horizon Securities Co ranks better than 84.74% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Horizon Securities Co's enterprise value is NT$3,127 Mil. Horizon Securities Co's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was NT$2,091 Mil. Therefore, Horizon Securities Co's EV-to-EBITDA for today is 1.50.

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

ROCO:6015' s EV-to-EBITDA Range Over the Past 10 Years
Min: -23.31   Med: 2.32   Max: 84.51
Current: 1.49

During the past 13 years, the highest EV-to-EBITDA of Horizon Securities Co was 84.51. The lowest was -23.31. And the median was 2.32.

ROCO:6015's EV-to-EBITDA is ranked better than
84.74% of 498 companies
in the Capital Markets industry
Industry Median: 8.415 vs ROCO:6015: 1.49

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 (2026-09-08), Horizon Securities Co's stock price is NT$17.85. Horizon Securities Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was NT$4.140. Therefore, Horizon Securities Co's PE Ratio (TTM) for today is 4.31.

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


Horizon Securities Co  (ROCO:6015) 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.

Horizon Securities Co's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=17.85/4.140
=4.31

Horizon Securities Co's share price for today is NT$17.85.
Horizon Securities Co'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$4.140.

* 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?


Horizon Securities Co EV-to-EBITDA Related Terms


Horizon Securities Co EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Horizon Securities Co'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.

Horizon Securities Co EV-to-EBITDA Chart

Horizon Securities Co 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 1.70 -13.52 4.51 1.73 1.96

Horizon Securities 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-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 14.36 3.51 1.96 1.64 1.46

ROCO:6015 vs MS, GS, SCHW: EV-to-EBITDA Comparison

For the Capital Markets subindustry, Horizon Securities Co'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.


Horizon Securities Co EV-to-EBITDA vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Horizon Securities Co's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Horizon Securities Co's EV-to-EBITDA falls into.


ROCO:6015
59GF Score
Horizon Securities Co Ltd ROCO:6015
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Horizon Securities Co EV-to-EBITDA Calculation

Horizon Securities Co's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=3127.168/2090.544
=1.50

Horizon Securities Co's current Enterprise Value is NT$3,127 Mil.
Horizon Securities Co'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$2,091 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 1.50 mean?
Horizon Securities Co (ROCO:6015) has a EV-to-EBITDA of 1.50 as of Sep. 08, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Horizon Securities Co. This is 35% below median its historical median of 2.32. According to the industry distribution chart, Horizon Securities Co ranks #76 out of 498 companies in the Capital Markets industry, placing it in the top 15.3%.
Is Horizon Securities Co's EV-to-EBITDA too high?
Horizon Securities Co's current EV-to-EBITDA of 1.50 is 35% below median its 10-year median of 2.32. The Capital Markets industry median EV-to-EBITDA is 8.42. Horizon Securities Co's value of 1.50 is 82.2% below this industry median. Based on the distribution chart, Horizon Securities Co ranks #76 out of 498 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Horizon Securities Co has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Securities Co's EV-to-EBITDA compare to MS and GS?
According to the Capital Markets industry distribution chart, Horizon Securities Co ranks #76 out of 498 companies for EV-to-EBITDA. This places Horizon Securities Co in the top 15% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 8.42. Horizon Securities Co's value of 1.50 is 82.2% below this benchmark. While the company's 10-year median is 2.32 vs. the industry median of 8.42, Horizon Securities 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-EBITDA for a Capital Markets company?
The median EV-to-EBITDA among Capital Markets companies is 8.42, based on 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. Horizon Securities Co's current EV-to-EBITDA of 1.50 is 82.2% 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-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 Horizon Securities Co. For the Capital Markets industry, the median EV-to-EBITDA is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Securities Co's current EV-to-EBITDA is 1.50, which is 35% below median its own 10-year median of 2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Horizon Securities Co (ROCO:6015) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$24.38, compared to a current price of NT$17.85 — trading 26.8% below its estimated fair value. The current EV-to-EBITDA is 1.50, which is 35% below median its 10-year median of 2.32 and 82.2% below the Capital Markets industry median of 8.42. Horizon Securities Co's overall GF Score™ is 59/100 with 6 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 Horizon Securities Co (ROCO:6015), the current EV-to-EBITDA is 1.50 as of Sep. 08, 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 Horizon Securities Co (ROCO:6015) Overvalued in 2026?

Based on GuruFocus' analysis, Horizon Securities Co stock appears to be undervalued. The current stock price of NT$17.85 is trading 26.8% below its estimated GF Value™ of NT$24.38. GuruFocus considers Horizon Securities Co to be Modestly Undervalued.

Key valuation signals for ROCO:6015:

  • EV-to-EBITDA: 1.50 (35% below median its 10-year median of 2.32)
  • GF Value™: NT$24.38 vs. price of NT$17.85 (26.8% below fair value)
  • GF Score™: 59/100 with 6 warning signs
  • Industry Position: 82.2% below the Capital Markets median (#76 of 498)

No single metric tells the full story. See the ROCO:6015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Horizon Securities Co Business Description

Address Xinyi Road, 3-5 and 7th Floor, No. 236, Section 4, Da’an Dist, Taipei, TWN, 106
Horizon Securities Co Ltd is a Taiwan-based company that is engaged in providing various financial products and services. The company classifies operating units based on different business and services and is divided into the following five reporting and operations departments: Proprietary segment, Brokerage segment, Underwriting segment, Bond segment, and Derivatives segment. The majority of revenue is derived from the Brokerage segment, which is mainly responsible for brokerage and proprietary trading of securities.
59GF Score

Get the complete analysis for ROCO:6015

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

NT$17.85
Price
NT$24.38
GF Value