TOPBI International Holdings (TPE:2929) Enterprise Value: NT$-1,925 Mil (As of Jul. 07, 2026) ***


TPE:2929 TOPBI International Holdings Ltd TPE:2929
69 GF Score
Price NT$5.90
GF Value NT$7.80
Valuation Modestly Undervalued
! 3 Warning Signs
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What is TOPBI International Holdings Enterprise Value?

TOPBI International Holdings TPE:2929 +0.85% 69 Enterprise Value is NT$-1,925 Mil as of Jul. 07, 2026. GuruFocus rates TPE:2929 with a GF Score™ of 69/100 and a GF Value™ of NT$7.80 (Modestly Undervalued). The stock has 3 warning signs investors should review.

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, TOPBI International Holdings's Enterprise Value is NT$-1,925 Mil. TOPBI International Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-186 Mil. Therefore, TOPBI International Holdings's EV-to-EBIT ratio for today is 10.36.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, TOPBI International Holdings's Enterprise Value is NT$-1,925 Mil. TOPBI International Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-177 Mil. Therefore, TOPBI International Holdings's EV-to-EBITDA ratio for today is 10.84.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, TOPBI International Holdings's Enterprise Value is NT$-1,925 Mil. TOPBI International Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was NT$1,754 Mil. Therefore, TOPBI International Holdings's EV-to-Revenue ratio for today is -1.10.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, TOPBI International Holdings's Enterprise Value is NT$-1,925 Mil. TOPBI International Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-111 Mil. Therefore, TOPBI International Holdings's EV-to-OCF ratio for today is 17.32.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, TOPBI International Holdings's Enterprise Value is NT$-1,925 Mil. TOPBI International Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-111 Mil. Therefore, TOPBI International Holdings's EV-to-FCF ratio for today is 17.32.

*** 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.


TOPBI International Holdings  (TPE:2929) 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.

TOPBI International Holdings's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=-1924.724/-185.79
=10.36

TOPBI International Holdings's current Enterprise Value is NT$-1,925 Mil.
TOPBI International Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-186 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

TOPBI International Holdings's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=-1924.724/-177.498
=10.84

TOPBI International Holdings's current Enterprise Value is NT$-1,925 Mil.
TOPBI International Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-177 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

TOPBI International Holdings's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=-1924.724/1753.536
=-1.10

TOPBI International Holdings's current Enterprise Value is NT$-1,925 Mil.
TOPBI International Holdings'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$1,754 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

TOPBI International Holdings's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=-1924.724/-111.123
=17.32

TOPBI International Holdings's current Enterprise Value is NT$-1,925 Mil.
TOPBI International Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-111 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

TOPBI International Holdings's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=-1924.724/-111.123
=17.32

TOPBI International Holdings's current Enterprise Value is NT$-1,925 Mil.
TOPBI International Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-111 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.


TOPBI International Holdings Enterprise Value Related Terms


TOPBI International Holdings Enterprise Value Historical Data

* Premium members only.

The historical data trend for TOPBI International Holdings'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.

TOPBI International Holdings Enterprise Value Chart

TOPBI International Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -846.34 -621.54 -1,128.32 -1,070.76 -1,703.55

TOPBI International Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Enterprise Value 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 -1,070.76 -1,548.26 -1,530.75 -1,527.90 -1,703.55

TPE:2929 vs RL, LEVI, VFC: Enterprise Value Comparison

For the Apparel Manufacturing subindustry, TOPBI International Holdings'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.


TOPBI International Holdings Enterprise Value vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TOPBI International Holdings's Enterprise Value distribution charts can be found below:

* The bar in red indicates where TOPBI International Holdings's Enterprise Value falls into.


TPE:2929
69GF Score
TOPBI International Holdings Ltd TPE:2929
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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TOPBI International Holdings 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.

TOPBI International Holdings's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

TOPBI International Holdings's Enterprise Value for the quarter 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of NT$-1,925 Mil mean?
TOPBI International Holdings (TPE:2929) has a Enterprise Value of NT$-1,925 Mil as of Jul. 07, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on TOPBI International Holdings and its competitors.
Is TOPBI International Holdings' Enterprise Value too high?
TOPBI International Holdings' current Enterprise Value is NT$-1,925 Mil. Overall, TOPBI International Holdings has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TOPBI International Holdings' Enterprise Value compare to RL and LEVI?
TOPBI International Holdings' Enterprise Value of NT$-1,925 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Enterprise Value depends on the Manufacturing - Apparel & Accessories 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 TOPBI International Holdings and its competitors. TOPBI International Holdings's current Enterprise Value is NT$-1,925 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOPBI International Holdings stock overvalued right now?
Based on GuruFocus' analysis, TOPBI International Holdings (TPE:2929) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$7.80, compared to a current price of NT$5.90 — trading 24.4% below its estimated fair value. The current Enterprise Value is NT$-1,925 Mil. TOPBI International Holdings' overall GF Score™ is 69/100 with 3 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 TOPBI International Holdings (TPE:2929), the current Enterprise Value is NT$-1,925 Mil as of Jul. 07, 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 TOPBI International Holdings (TPE:2929) Overvalued in 2026?

Based on GuruFocus' analysis, TOPBI International Holdings stock appears to be undervalued. The current stock price of NT$5.90 is trading 24.4% below its estimated GF Value™ of NT$7.80. GuruFocus considers TOPBI International Holdings to be Modestly Undervalued.

Key valuation signals for TPE:2929:

  • Enterprise Value: NT$-1,925 Mil
  • GF Value™: NT$7.80 vs. price of NT$5.90 (24.4% below fair value)
  • GF Score™: 69/100 with 3 warning signs

No single metric tells the full story. See the TPE:2929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOPBI International Holdings Business Description

Address No.97, Xinhu 1st Road, 2nd Floor, Neihu District, Taipei, TWN, 11494
TOPBI International Holdings Ltd is a children's clothing manufacturer. Its products, which it sells under the TOPBI (Amoy) brand, are designed for middle-class families with children under 16 years old. Nearly half of the company's sales are from items designed for the 1- to 3-year-old age group. TOPBI sells its products through both company-owned stores and third-party distributors. The company focuses on reaching customers in the developing market in China, and its roughly 1,500 stores are in more than a dozen Chinese provinces.
69GF Score

Get the complete analysis for TPE:2929

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

NT$5.90
Price
NT$7.80
GF Value