True Partner Capital Holding (HKSE:08657) EBIT: HK$-33.60 Mil (TTM As of Dec. 2025)

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HKSE:08657 True Partner Capital Holding Ltd HKSE:08657
34 GF Score
Price HK$0.31
GF Value HK$0.27
Valuation Modestly Overvalued
! 2 Warning Signs
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What is True Partner Capital Holding EBIT?

True Partner Capital Holding HKSE:08657 +3.33% 34 EBIT is HK$-33.60 Mil as of Dec. 2025. GuruFocus rates HKSE:08657 with a GF Score™ of 34/100 and a GF Value™ of HK$0.27 (Modestly Overvalued). The stock has 2 warning signs investors should review.

True Partner Capital Holding's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was HK$-17.68 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-33.60 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. True Partner Capital Holding's annualized ROC % for the quarter that ended in Dec. 2025 was -356.28%. True Partner Capital Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -611.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. True Partner Capital Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -30.06%.


True Partner Capital Holding  (HKSE:08657) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

True Partner Capital Holding's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-33.9 * ( 1 - 0% )/( (13.301 + 5.729)/ 2 )
=-33.9/9.515
=-356.28 %

where

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

True Partner Capital Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-35.36/( ( (0 + max(9.379, 0)) + (0 + max(2.183, 0)) )/ 2 )
=-35.36/( ( 9.379 + 2.183 )/ 2 )
=-35.36/5.781
=-611.66 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.643 + 0 + 10.773) - (0.199 + 0 + 3.838)
=9.379

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.153 + 0 + 3.796) - (0.304 + 0 + 3.462)
=2.183

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

True Partner Capital Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-33.603/111.786
=-30.06 %

* 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.


True Partner Capital Holding EBIT Related Terms


True Partner Capital Holding EBIT Historical Data

* Premium members only.

The historical data trend for True Partner Capital Holding's EBIT 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.

True Partner Capital Holding EBIT Chart

True Partner Capital Holding Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial -24.35 -34.40 -65.42 -48.34 -33.60

True Partner Capital Holding Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT 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 -36.01 -26.74 -21.60 -15.92 -17.68

HKSE:08657 vs BLK, BX, KKR: EBIT Comparison

For the Asset Management subindustry, True Partner Capital Holding's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


True Partner Capital Holding EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, True Partner Capital Holding's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where True Partner Capital Holding's EV-to-EBIT falls into.


HKSE:08657
34GF Score
True Partner Capital Holding Ltd HKSE:08657
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

True Partner Capital Holding EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-33.60 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 EBIT →
What does a EBIT of HK$-33.60 Mil mean?
True Partner Capital Holding (HKSE:08657) has a EBIT of HK$-33.60 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on True Partner Capital Holding.
Is True Partner Capital Holding's EBIT too high?
True Partner Capital Holding's current EBIT is HK$-33.60 Mil. Overall, True Partner Capital Holding has a GF Score™ of 34/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does True Partner Capital Holding's EBIT compare to BLK and BX?
True Partner Capital Holding's EBIT of HK$-33.60 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Asset Management company?
A good EBIT depends on the Asset Management industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on True Partner Capital Holding. True Partner Capital Holding's current EBIT is HK$-33.60 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True Partner Capital Holding stock overvalued right now?
Based on GuruFocus' analysis, True Partner Capital Holding (HKSE:08657) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.27, compared to a current price of HK$0.31 — trading 14.8% above its estimated fair value. The current EBIT is HK$-33.60 Mil. True Partner Capital Holding's overall GF Score™ is 34/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For True Partner Capital Holding (HKSE:08657), the current EBIT is HK$-33.60 Mil as of Dec. 2025. 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 True Partner Capital Holding (HKSE:08657) Overvalued in 2026?

Based on GuruFocus' analysis, True Partner Capital Holding stock appears to be overvalued. The current stock price of HK$0.31 is trading 14.8% above its estimated GF Value™ of HK$0.27. GuruFocus considers True Partner Capital Holding to be Modestly Overvalued.

Key valuation signals for HKSE:08657:

  • EBIT: HK$-33.60 Mil
  • GF Value™: HK$0.27 vs. price of HK$0.31 (14.8% above fair value)
  • GF Score™: 34/100 with 2 warning signs

No single metric tells the full story. See the HKSE:08657 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


True Partner Capital Holding Business Description

Address The Gateway, Suite A123, 16th Floor, Tower 5, Harbour City, Kowloon, Hong Kong, HKG
True Partner Capital Holding Ltd is an investment holding company. Through its subsidiaries, it is principally engaged in the fund management business, derivative trading, and providing consultancy services. The Group trades in listed derivatives across different financial markets to generate uncorrelated returns for its clients and investors, with an emphasis on outperformance in times of market turmoil, and also provides specifically engineered solutions for qualified investors seeking to optimize the risk-reward profile of their portfolios. Its operating segments are: Asset management and consultancy services, which generate maximum revenue, and Derivative trading. Geographically, the Group generates maximum revenue from Hong Kong and the rest from Chicago.
34GF Score

Get the complete analysis for HKSE:08657

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

HK$0.31
Price
HK$0.27
GF Value