Merry Electronics Co (TPE:2439) EV-to-EBITDA: 5.80 (As of Sep. 02, 2026) — 27% Below Median

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TPE:2439 Merry Electronics Co Ltd TPE:2439
81 GF Score
Price NT$78.30
GF Value NT$123.70
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Merry Electronics Co EV-to-EBITDA?

Merry Electronics Co TPE:2439 -0.38% 81 EV-to-EBITDA is 5.80 as of Sep. 02, 2026, which is 27% below its 10-year median of 7.96. GuruFocus rates TPE:2439 with a GF Score™ of 81/100 and a GF Value™ of NT$123.70 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,905 Hardware companies, Merry Electronics Co ranks better than 80.94% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Merry Electronics Co's enterprise value is NT$18,368 Mil. Merry Electronics Co's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was NT$3,164 Mil. Therefore, Merry Electronics Co's EV-to-EBITDA for today is 5.80.

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

TPE:2439' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.15   Med: 7.96   Max: 16.45
Current: 5.8

During the past 13 years, the highest EV-to-EBITDA of Merry Electronics Co was 16.45. The lowest was 5.15. And the median was 7.96.

TPE:2439's EV-to-EBITDA is ranked better than
80.94% of 1905 companies
in the Hardware industry
Industry Median: 13.87 vs TPE:2439: 5.80

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 (2026-09-02), Merry Electronics Co's stock price is NT$78.30. Merry Electronics Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was NT$5.110. Therefore, Merry Electronics Co's PE Ratio (TTM) for today is 15.32.

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


Merry Electronics Co  (TPE:2439) 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.

Merry Electronics Co's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=78.30/5.110
=15.32

Merry Electronics Co's share price for today is NT$78.30.
Merry Electronics 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$5.110.

* 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?


Merry Electronics Co EV-to-EBITDA Related Terms


Merry Electronics Co EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Merry Electronics 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.

Merry Electronics Co EV-to-EBITDA Chart

Merry Electronics 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 9.59 5.82 8.45 5.60 7.52

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-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 7.01 7.20 7.52 6.00 6.74

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

For the Consumer Electronics subindustry, Merry Electronics 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.


Merry Electronics Co EV-to-EBITDA vs Hardware Industry

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

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


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

Merry Electronics Co EV-to-EBITDA Calculation

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

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=18368.485/3164.36
=5.80

Merry Electronics Co's current Enterprise Value is NT$18,368 Mil.
Merry Electronics 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$3,164 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 5.80 mean?
Merry Electronics Co (TPE:2439) has a EV-to-EBITDA of 5.80 as of Sep. 02, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Merry Electronics Co. This is 27% below median its historical median of 7.96. Over the past decade, Merry Electronics Co's EV-to-EBITDA has ranged from 5.15 to 16.45. According to the industry distribution chart, Merry Electronics Co ranks #363 out of 1905 companies in the Hardware industry, placing it in the top 19.1%.
Is Merry Electronics Co's EV-to-EBITDA too high?
Merry Electronics Co's current EV-to-EBITDA of 5.80 is 27% below median its 10-year median of 7.96. Over the past 10 years, this metric has ranged from a low of 5.15 to a high of 16.45. The Hardware industry median EV-to-EBITDA is 13.87. Merry Electronics Co's value of 5.80 is 58.2% below this industry median. Based on the distribution chart, Merry Electronics Co ranks #363 out of 1905 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-EBITDA compare to AAPL?
According to the Hardware industry distribution chart, Merry Electronics Co ranks #363 out of 1905 companies for EV-to-EBITDA. This places Merry Electronics Co in the top 19% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 13.87. Merry Electronics Co's value of 5.80 is 58.2% below this benchmark. Historically, Merry Electronics Co's own EV-to-EBITDA has ranged from 5.15 to 16.45 over the past decade. While the company's 10-year median is 7.96 vs. the industry median of 13.87, 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-EBITDA for a Hardware company?
The median EV-to-EBITDA among Hardware companies is 13.87, based on 1,905 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. Merry Electronics Co's current EV-to-EBITDA of 5.80 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-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 Merry Electronics Co. For the Hardware industry, the median EV-to-EBITDA is 13.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merry Electronics Co's current EV-to-EBITDA is 5.80, which is 27% below median its own 10-year median of 7.96. 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$123.70, compared to a current price of NT$78.30 — trading 36.7% below its estimated fair value. The current EV-to-EBITDA is 5.80, which is 27% below median its 10-year median of 7.96 and 58.2% below the Hardware industry median of 13.87. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Merry Electronics Co (TPE:2439), the current EV-to-EBITDA is 5.80 as of Sep. 02, 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$78.30 is trading 36.7% below its estimated GF Value™ of NT$123.70. GuruFocus considers Merry Electronics Co to be Significantly Undervalued.

Key valuation signals for TPE:2439:

  • EV-to-EBITDA: 5.80 (27% below median its 10-year median of 7.96)
  • GF Value™: NT$123.70 vs. price of NT$78.30 (36.7% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 58.2% below the Hardware median (#363 of 1905)

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

NT$78.30
Price
NT$123.70
GF Value