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Hai Kwang EnterpriseTPE:2038 -0.77%69 EV-to-EBITDA is 23.15 as of Aug. 27, 2026, which is 58% above its 10-year median of 14.64. GuruFocus rates TPE:2038 with a GF Score™ of 69/100 and a GF Value™ of NT$13.30 (Fairly Valued). The stock has 6 warning signs investors should review. Among 527 Steel companies, Hai Kwang Enterprise ranks worse than 80.83% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Hai Kwang Enterprise's enterprise value is NT$5,901 Mil.
Hai Kwang Enterprise's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was NT$255 Mil. Therefore, Hai Kwang Enterprise's EV-to-EBITDA for today is 23.15.
The historical rank and industry rank for Hai Kwang Enterprise's EV-to-EBITDA or its related term are showing as below:
TPE:2038'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -117.53 Med: 14.64 Max: 2530.78
Current: 23.15
During the past 13 years, the highest EV-to-EBITDA of Hai Kwang Enterprise was 2530.78. The lowest was -117.53. And the median was 14.64.
TPE:2038's EV-to-EBITDA is ranked worse than 80.83% of 527
companies
in the Steel industry
Industry Median: 9.53
vs TPE:2038: 23.15
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.
Hai Kwang Enterprise (TPE:2038) 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.
Hai Kwang Enterprise's PE Ratio (TTM) for today is calculated as:
Hai Kwang Enterprise's share price for today is NT$12.90.
Hai Kwang Enterprise's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-0.760.
* 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).
The historical data trend for Hai Kwang Enterprise'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.
TPE:2038 vs NUE, STLD, RS: EV-to-EBITDA Comparison
For the Steel subindustry, Hai Kwang Enterprise'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.
Hai Kwang Enterprise EV-to-EBITDA vs Steel Industry
For the Steel industry and Basic Materials sector, Hai Kwang Enterprise's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Hai Kwang Enterprise's EV-to-EBITDA falls into.
Hai Kwang Enterprise's current Enterprise Value is NT$5,901 Mil.
Hai Kwang Enterprise'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$255 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.
Hai Kwang Enterprise (TPE:2038) has a EV-to-EBITDA of 23.15 as of Aug. 27, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Hai Kwang Enterprise. This is 58% above median its historical median of 14.64. According to the industry distribution chart, Hai Kwang Enterprise ranks #426 out of 527 companies in the Steel industry, placing it in the top 80.8%.
Is Hai Kwang Enterprise's EV-to-EBITDA too high?
Hai Kwang Enterprise's current EV-to-EBITDA of 23.15 is 58% above median its 10-year median of 14.64. The Steel industry median EV-to-EBITDA is 9.53. Hai Kwang Enterprise's value of 23.15 is 142.9% above this industry median. Based on the distribution chart, Hai Kwang Enterprise ranks #426 out of 527 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Hai Kwang Enterprise has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's EV-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Hai Kwang Enterprise ranks #426 out of 527 companies for EV-to-EBITDA. This places Hai Kwang Enterprise in the lower half of its industry. The industry median EV-to-EBITDA is 9.53. Hai Kwang Enterprise's value of 23.15 is 142.9% above this benchmark. While the company's 10-year median is 14.64 vs. the industry median of 9.53, Hai Kwang Enterprise 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 EV-to-EBITDA for a Steel company?
The median EV-to-EBITDA among Steel companies is 9.53, based on 527 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. Hai Kwang Enterprise's current EV-to-EBITDA of 23.15 is 142.9% 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 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 Hai Kwang Enterprise. For the Steel industry, the median EV-to-EBITDA is 9.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hai Kwang Enterprise's current EV-to-EBITDA is 23.15, which is 58% above median its own 10-year median of 14.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Fairly Valued. The stock's GF Value™ is NT$13.30, compared to a current price of NT$12.90 — trading 3% below its estimated fair value. The current EV-to-EBITDA is 23.15, which is 58% above median its 10-year median of 14.64 and 142.9% above the Steel industry median of 9.53. Hai Kwang Enterprise's overall GF Score™ is 69/100 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 Hai Kwang Enterprise (TPE:2038), the current EV-to-EBITDA is 23.15 as of Aug. 27, 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 Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?
Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued.
The current stock price of NT$12.90 is trading 3% below its estimated GF Value™ of NT$13.30.
GuruFocus considers Hai Kwang Enterprise to be Fairly Valued.
Key valuation signals for TPE:2038:
EV-to-EBITDA: 23.15 (58% above median its 10-year median of 14.64)
GF Value™: NT$13.30 vs. price of NT$12.90 (3% below fair value)
Industry Position: 142.9% above the Steel median (#426 of 527)
No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
69GF Score
Get the complete analysis for TPE:2038
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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