Munsin Garment (ROCO:2916) EBIT: NT$324 Mil (TTM As of Dec. 2025)

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ROCO:2916 Munsin Garment Corp ROCO:2916
80 GF Score
Price NT$40.10
GF Value NT$46.88
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Munsin Garment EBIT?

Munsin Garment ROCO:2916 -0.99% 80 EBIT is NT$324 Mil as of Dec. 2025. GuruFocus rates ROCO:2916 with a GF Score™ of 80/100 and a GF Value™ of NT$46.88 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Munsin Garment's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$125 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$324 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Munsin Garment's annualized ROC % for the quarter that ended in Dec. 2025 was 22.05%. Munsin Garment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 34.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Munsin Garment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.42%.

Munsin Garment  (ROCO:2916) EBIT Explanation

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

Munsin Garment'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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=469.12 * ( 1 - 20% )/( (1660.003 + 1743.489)/ 2 )
=375.296/1701.746
=22.05 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2133.417 - 279.928 - ( 193.486 - max(0, 541.967 - 1451.311+193.486))
=1660.003

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2133.182 - 190.593 - ( 199.1 - max(0, 432.686 - 1438.296+199.1))
=1743.489

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Munsin Garment'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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=500.58/( ( (451.201 + max(958.456, 0)) + (448.13 + max(1022.611, 0)) )/ 2 )
=500.58/( ( 1409.657 + 1470.741 )/ 2 )
=500.58/1440.199
=34.76 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(204.301 + 1002.123 + 51.167) - (279.928 + 0 + 19.207)
=958.456

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(357.151 + 862.67 + 16.077) - (190.593 + 0 + 22.694)
=1022.611

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Munsin Garment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=324.471/2611.842
=12.42 %

* 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.

Munsin Garment EBIT Related Terms

Munsin Garment EBIT Historical Data

* Premium members only.

The historical data trend for Munsin Garment'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.

Munsin Garment EBIT Chart

Munsin Garment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 166.83 225.86 317.13 315.40 324.47

Munsin Garment Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 135.98 98.63 76.25 24.45 125.15

ROCO:2916 vs RL, LEVI, VFC: EBIT Comparison

For the Apparel Manufacturing subindustry, Munsin Garment'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.

Munsin Garment EV-to-EBIT vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Munsin Garment's EV-to-EBIT falls into.


ROCO:2916
80GF Score
Munsin Garment Corp ROCO:2916
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Munsin Garment 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 quarterly data reported by the company within the most recent 12 months, which was NT$324 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 NT$324 Mil mean?
Munsin Garment (ROCO:2916) has a EBIT of NT$324 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Munsin Garment.
Is Munsin Garment's EBIT too high?
Munsin Garment's current EBIT is NT$324 Mil. Overall, Munsin Garment has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Munsin Garment's EBIT compare to RL and LEVI?
Munsin Garment's EBIT of NT$324 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 EBIT for a Manufacturing - Apparel & Accessories company?
A good EBIT depends on the Manufacturing - Apparel & Accessories 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 Munsin Garment. Munsin Garment's current EBIT is NT$324 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munsin Garment stock overvalued right now?
Based on GuruFocus' analysis, Munsin Garment (ROCO:2916) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$46.88, compared to a current price of NT$40.10 — trading 14.5% below its estimated fair value. The current EBIT is NT$324 Mil. Munsin Garment's overall GF Score™ is 80/100 with 4 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 Munsin Garment (ROCO:2916), the current EBIT is NT$324 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 Munsin Garment (ROCO:2916) Overvalued in 2026?

Based on GuruFocus' analysis, Munsin Garment stock appears to be undervalued. The current stock price of NT$40.10 is trading 14.5% below its estimated GF Value™ of NT$46.88. GuruFocus considers Munsin Garment to be Modestly Undervalued.

Key valuation signals for ROCO:2916:

  • EBIT: NT$324 Mil
  • GF Value™: NT$46.88 vs. price of NT$40.10 (14.5% below fair value)
  • GF Score™: 80/100 with 4 warning signs

No single metric tells the full story. See the ROCO:2916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Munsin Garment Business Description

Address Wuquan 6th Road, No. 18, Wugu District, New Taipei City, TWN
Munsin Garment Corp is mainly engaged in the manufacturing and sale of various garments and knitwear; acting as a product distribution, bidding, and quoting agent for domestic and international brands; and the import and export trade operations related to these business activities. The company deals in men's and women's apparel products of various international brands, such as Munsingwear, Le Coq Sportif, Pou Dou Dou, Eminento, Nara CamiCie, Hazzy, and others. Geographically, all of its revenue is derived from Taiwan.
80GF Score

Get the complete analysis for ROCO:2916

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

NT$40.10
Price
NT$46.88
GF Value