Taiwan Special Chemicals (ROCO:4772) EBIT: NT$1,123 Mil (TTM As of Mar. 2026)

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ROCO:4772 Taiwan Special Chemicals Corp ROCO:4772
63 GF Score
Price NT$270.50
GF Value NT$679.24
Valuation Possible Value Trap
! 1 Warning Sign
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What is Taiwan Special Chemicals EBIT?

Taiwan Special Chemicals ROCO:4772 63 EBIT is NT$1,123 Mil as of Mar. 2026. GuruFocus rates ROCO:4772 with a GF Score™ of 63/100 and a GF Value™ of NT$679.24 (Possible Value Trap). The stock has 1 warning sign investors should review.

Taiwan Special Chemicals's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was NT$356 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was NT$1,123 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Taiwan Special Chemicals's annualized ROC % for the quarter that ended in Mar. 2026 was 22.63%. Taiwan Special Chemicals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 66.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Taiwan Special Chemicals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.77%.


Taiwan Special Chemicals  (ROCO:4772) EBIT Explanation

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

Taiwan Special Chemicals's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1378.632 * ( 1 - 22.57% )/( (4756.326 + 4675.901)/ 2 )
=1067.4747576/4716.1135
=22.63 %

where

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))
=7215.903 - 447.841 - ( 2011.736 - max(0, 637.34 - 2740.324+2011.736))
=4756.326

Invested Capital(Q: Mar. 2026 )
=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))
=7537.802 - 957.863 - ( 2255.963 - max(0, 1116.168 - 3020.206+2255.963))
=4675.901

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Taiwan Special Chemicals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1423.448/( ( (2091.888 + max(127.247, 0)) + (2054.773 + max(-316.683, 0)) )/ 2 )
=1423.448/( ( 2219.135 + 2054.773 )/ 2 )
=1423.448/2136.954
=66.61 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(469.458 + 235.64 + 23.146) - (447.841 + 0 + 153.156)
=127.247

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(448.056 + 254.258 + 60.828) - (957.863 + 0 + 121.962)
=-316.683

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Taiwan Special Chemicals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1123.265/40585.865
=2.77 %

* 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.


Taiwan Special Chemicals EBIT Related Terms


Taiwan Special Chemicals EBIT Historical Data

* Premium members only.

The historical data trend for Taiwan Special Chemicals'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.

Taiwan Special Chemicals EBIT Chart

Taiwan Special Chemicals Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 196.79 187.60 139.20 385.59 886.53

Taiwan Special Chemicals Quarterly Data
Dec19 Dec20 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 116.86 130.47 285.23 351.70 355.86

ROCO:4772 vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Taiwan Special Chemicals'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.


Taiwan Special Chemicals EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Taiwan Special Chemicals's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Taiwan Special Chemicals's EV-to-EBIT falls into.


ROCO:4772
63GF Score
Taiwan Special Chemicals Corp ROCO:4772
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Special Chemicals 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$1,123 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$1,123 Mil mean?
Taiwan Special Chemicals (ROCO:4772) has a EBIT of NT$1,123 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Taiwan Special Chemicals.
Is Taiwan Special Chemicals' EBIT too high?
Taiwan Special Chemicals' current EBIT is NT$1,123 Mil. Overall, Taiwan Special Chemicals has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Special Chemicals' EBIT compare to LIN and SHW?
Taiwan Special Chemicals' EBIT of NT$1,123 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good EBIT depends on the Chemicals 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 Taiwan Special Chemicals. Taiwan Special Chemicals's current EBIT is NT$1,123 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Special Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Special Chemicals (ROCO:4772) is currently considered Possible Value Trap. The stock's GF Value™ is NT$679.24, compared to a current price of NT$270.50 — trading 60.2% below its estimated fair value. The current EBIT is NT$1,123 Mil. Taiwan Special Chemicals' overall GF Score™ is 63/100 with 1 warning sign 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 Taiwan Special Chemicals (ROCO:4772), the current EBIT is NT$1,123 Mil 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 Taiwan Special Chemicals (ROCO:4772) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Special Chemicals stock appears to be undervalued. The current stock price of NT$270.50 is trading 60.2% below its estimated GF Value™ of NT$679.24. GuruFocus considers Taiwan Special Chemicals to be Possible Value Trap.

Key valuation signals for ROCO:4772:

  • EBIT: NT$1,123 Mil
  • GF Value™: NT$679.24 vs. price of NT$270.50 (60.2% below fair value)
  • GF Score™: 63/100 with 1 warning sign

No single metric tells the full story. See the ROCO:4772 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Special Chemicals Business Description

Address No.1, Zhangbin West 3rd Road, Xianxi Township, Changhua County, Changhua, TWN, 507
Taiwan Special Chemicals Corp develops and manufactures semiconductor specialty gases (SEG) and semiconductor chemical materials (SEC), and is engaged in the sale and production of precision chemical materials, as well as the cleaning, maintenance, and refurbishment services for semiconductor equipment and components. It generates maximum revenue from the sale of specialty chemical materials. Geographically, the company generates maximum revenue from Taiwan, followed by other Asian regions, America, Northeast Asia (Japan and Korea), and Europe.
63GF Score

Get the complete analysis for ROCO:4772

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

NT$270.50
Price
NT$679.24
GF Value