Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, TSG Development Co's Enterprise Value is NT$1,988.4 Mil.
TSG Development Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was NT$23.8 Mil. Therefore, TSG Development Co's EV-to-EBIT ratio for today is 83.69.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, TSG Development Co's Enterprise Value is NT$1,988.4 Mil.
TSG Development Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was NT$35.7 Mil. Therefore, TSG Development Co's EV-to-EBITDA ratio for today is 55.71.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, TSG Development Co's Enterprise Value is NT$1,988.4 Mil.
TSG Development Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was NT$246.8 Mil. Therefore, TSG Development Co's EV-to-Revenue ratio for today is 8.06.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
TSG Development Co (ROCO:3521) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
TSG Development Co's current Enterprise Value is NT$1,988.4 Mil.
TSG Development Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$23.8 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
TSG Development Co's current Enterprise Value is NT$1,988.4 Mil.
TSG Development Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$35.7 Mil.
TSG Development Co's current Enterprise Value is NT$1,988.4 Mil.
TSG Development Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$246.8 Mil.
TSG Development Co's current Enterprise Value is NT$1,988.4 Mil.
TSG Development Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$70.9 Mil.
TSG Development Co's current Enterprise Value is NT$1,988.4 Mil.
TSG Development Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$69.9 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.
TSG Development Co Enterprise Value Related Terms
TSG Development Co Enterprise Value Historical Data
* Premium members only.
The historical data trend for TSG Development Co's Enterprise Value 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.
ROCO:3521 vs PWR, FIX, EME: Enterprise Value Comparison
For the Engineering & Construction subindustry, TSG Development Co's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
TSG Development Co Enterprise Value vs Construction Industry
For the Construction industry and Industrials sector, TSG Development Co's Enterprise Value distribution charts can be found below:
* The bar in red indicates where TSG Development Co's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
TSG Development Co's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of NT$1,988.4 Mil mean?
TSG Development Co (ROCO:3521) has a Enterprise Value of NT$1,988.4 Mil as of Jul. 12, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on TSG Development Co and its competitors.
Is TSG Development Co's Enterprise Value too high?
TSG Development Co's current Enterprise Value is NT$1,988.4 Mil. Overall, TSG Development Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TSG Development Co's Enterprise Value compare to PWR and FIX?
TSG Development Co's Enterprise Value of NT$1,988.4 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Construction company?
A good Enterprise Value depends on the Construction industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on TSG Development Co and its competitors. TSG Development Co's current Enterprise Value is NT$1,988.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSG Development Co stock overvalued right now?
Based on GuruFocus' analysis, TSG Development Co (ROCO:3521) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$10.04, compared to a current price of NT$13.60 — trading 35.5% above its estimated fair value. The current Enterprise Value is NT$1,988.4 Mil. TSG Development Co's overall GF Score™ is 57/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For TSG Development Co (ROCO:3521), the current Enterprise Value is NT$1,988.4 Mil as of Jul. 12, 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 TSG Development Co (ROCO:3521) Overvalued in 2026?
Based on GuruFocus' analysis, TSG Development Co stock appears to be overvalued.
The current stock price of NT$13.60 is trading 35.5% above its estimated GF Value™ of NT$10.04.
GuruFocus considers TSG Development Co to be Significantly Overvalued.
Key valuation signals for ROCO:3521:
Enterprise Value: NT$1,988.4 Mil
GF Value™: NT$10.04 vs. price of NT$13.60 (35.5% above fair value)
No single metric tells the full story. See the ROCO:3521 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSG Development Co Ltd Formerly Datavan International Corp is engaged in the research and development, design, manufacture and sale of endpoint sales system software and hardware, import and export of computer information equipment and its peripheral equipment parts and accessories, and development and sale of residential and buildings for lease, investment in construction of public works and real estate trading. It operates in two reportable operating segments: Technology Business Division; and Construction Business Division, which earns majority of the revenue from real estate construction and related sales management services and other businesses. Geographically, its operations are spread across Asia, Europe, Americas and Other with majority of the revenue generating from Asia.
57GF Score
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