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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, Horizon Securities Co's Enterprise Value is NT$3,740 Mil.
Horizon Securities Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was NT$401 Mil. Therefore, Horizon Securities Co's EV-to-EBIT ratio for today is 9.33.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Horizon Securities Co's Enterprise Value is NT$3,740 Mil.
Horizon Securities Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was NT$535 Mil. Therefore, Horizon Securities Co's EV-to-EBITDA ratio for today is 6.98.
*** 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.
Horizon Securities Co (ROCO:6015) 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.
Horizon Securities Co's current Enterprise Value is NT$3,740 Mil.
Horizon Securities 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$401 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Horizon Securities Co's EV-to-EBITDA for today is:
Horizon Securities Co's current Enterprise Value is NT$3,740 Mil.
Horizon Securities 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$535 Mil.
Horizon Securities Co's current Enterprise Value is NT$3,740 Mil.
Horizon Securities 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$1,680 Mil.
Horizon Securities Co's current Enterprise Value is NT$3,740 Mil.
Horizon Securities 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$549 Mil.
Horizon Securities Co's current Enterprise Value is NT$3,740 Mil.
Horizon Securities 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$480 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.
Horizon Securities Co Enterprise Value Related Terms
Horizon Securities Co Enterprise Value Historical Data
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The historical data trend for Horizon Securities 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:6015 vs MS, GS, SCHW: Enterprise Value Comparison
For the Capital Markets subindustry, Horizon Securities 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.
Horizon Securities Co Enterprise Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Horizon Securities Co's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Horizon Securities Co's Enterprise Value falls into.
Horizon Securities Co Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Horizon Securities 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$3,740 Mil mean?
Horizon Securities Co (ROCO:6015) has a Enterprise Value of NT$3,740 Mil as of Jul. 16, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Horizon Securities Co and its competitors.
Is Horizon Securities Co's Enterprise Value too high?
Horizon Securities Co's current Enterprise Value is NT$3,740 Mil. Overall, Horizon Securities Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Securities Co's Enterprise Value compare to MS and GS?
Horizon Securities Co's Enterprise Value of NT$3,740 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Enterprise Value depends on the Capital Markets 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 Horizon Securities Co and its competitors. Horizon Securities Co's current Enterprise Value is NT$3,740 Mil. 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 Significantly Overvalued. The stock's GF Value™ is NT$13.24, compared to a current price of NT$17.30 — trading 30.7% above its estimated fair value. The current Enterprise Value is NT$3,740 Mil. Horizon Securities Co's overall GF Score™ is 54/100 with 8 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 Horizon Securities Co (ROCO:6015), the current Enterprise Value is NT$3,740 Mil as of Jul. 16, 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 overvalued.
The current stock price of NT$17.30 is trading 30.7% above its estimated GF Value™ of NT$13.24.
GuruFocus considers Horizon Securities Co to be Significantly Overvalued.
Key valuation signals for ROCO:6015:
Enterprise Value: NT$3,740 Mil
GF Value™: NT$13.24 vs. price of NT$17.30 (30.7% above fair value)
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 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.
54GF Score
Get the complete analysis for ROCO:6015
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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