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Elite Material CoTPE:2383 -6.67%74 Interest Coverage is 52.76 as of Mar. 2026, which is 34% below its 10-year median of 80.41. GuruFocus rates TPE:2383 with a GF Score™ of 74/100 and a GF Value™ of NT$1,410.83 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,671 Hardware companies, Elite Material Co ranks better than 69.54% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Elite Material Co's
Operating Income
for the
three
months ended in Mar. 2026 was NT$7,135 Mil. Elite Material Co's Interest Expense for the
three
months ended in Mar. 2026 was NT$-135 Mil.
Elite Material Co's interest coverage for the quarter that ended in Mar. 2026 was 52.76.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Elite Material Co's Interest Coverage or its related term are showing as below:
TPE:2383'
s Interest Coverage Range Over the Past 10 Years
Min: 23.06 Med: 80.41 Max: 144.74
Current: 43.11
TPE:2383's Interest Coverage is ranked better than 69.54% of 1671
companies
in the Hardware industry
Industry Median: 13.73
vs TPE:2383: 43.11
Elite Material Co (TPE:2383) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Elite Material Co Interest Coverage Related Terms
Elite Material Co Interest Coverage Historical Data
* Premium members only.
The historical data trend for Elite Material Co's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
TPE:2383 vs APH, GLW, TEL: Interest Coverage Comparison
For the Electronic Components subindustry, Elite Material Co's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.
Elite Material Co Interest Coverage vs Hardware Industry
For the Hardware industry and Technology sector, Elite Material Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Elite Material Co's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Elite Material Co (TPE:2383) has a Interest Coverage of 52.76 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Elite Material Co and its competitors. This is 34% below median its historical median of 80.41. Over the past decade, Elite Material Co's Interest Coverage has ranged from 23.06 to 144.74. According to the industry distribution chart, Elite Material Co ranks #509 out of 1671 companies in the Hardware industry, placing it in the top 30.5%.
Is Elite Material Co's Interest Coverage too high?
Elite Material Co's current Interest Coverage of 52.76 is 34% below median its 10-year median of 80.41. Over the past 10 years, this metric has ranged from a low of 23.06 to a high of 144.74. The Hardware industry median Interest Coverage is 13.73. Elite Material Co's value of 52.76 is 284.3% above this industry median. Based on the distribution chart, Elite Material Co ranks #509 out of 1671 companies in the Hardware industry, which is above the industry midpoint. Overall, Elite Material Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elite Material Co's Interest Coverage compare to APH and GLW?
According to the Hardware industry distribution chart, Elite Material Co ranks #509 out of 1671 companies for Interest Coverage. This puts Elite Material Co in the upper half of its industry. The industry median Interest Coverage is 13.73. Elite Material Co's value of 52.76 is 284.3% above this benchmark. Historically, Elite Material Co's own Interest Coverage has ranged from 23.06 to 144.74 over the past decade. While the company's 10-year median is 80.41 vs. the industry median of 13.73, Elite Material Co 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 Interest Coverage for a Hardware company?
The median Interest Coverage among Hardware companies is 13.73, based on 1,671 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elite Material Co's current Interest Coverage of 52.76 is 284.3% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Elite Material Co and its competitors. For the Hardware industry, the median Interest Coverage is 13.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elite Material Co's current Interest Coverage is 52.76, which is 34% below median its own 10-year median of 80.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elite Material Co stock overvalued right now?
Based on GuruFocus' analysis, Elite Material Co (TPE:2383) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$1,410.83, compared to a current price of NT$4,755.00 — trading 237% above its estimated fair value. The current Interest Coverage is 52.76, which is 34% below median its 10-year median of 80.41 and 284.3% above the Hardware industry median of 13.73. Elite Material Co's overall GF Score™ is 74/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Elite Material Co (TPE:2383), the current Interest Coverage is 52.76 as of Mar. 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 Elite Material Co (TPE:2383) Overvalued in 2026?
Based on GuruFocus' analysis, Elite Material Co stock appears to be overvalued.
The current stock price of NT$4,755.00 is trading 237% above its estimated GF Value™ of NT$1,410.83.
GuruFocus considers Elite Material Co to be Significantly Overvalued.
Key valuation signals for TPE:2383:
Interest Coverage: 52.76 (34% below median its 10-year median of 80.41)
GF Value™: NT$1,410.83 vs. price of NT$4,755.00 (237% above fair value)
Industry Position: 284.3% above the Hardware median (#509 of 1671)
No single metric tells the full story. See the TPE:2383 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals, raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: the domestic segment produces and sells various types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components; the Foreign segment produces and sells prepreg for printed circuit boards and copper-clad laminates; and the Other segment includes investment and product exchange business. Geographically, it operates in Taiwan, China, and Other countries.
74GF Score
Get the complete analysis for TPE:2383
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