GCS Holdings (ROCO:4991) EBIT: NT$350 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:4991 GCS Holdings Inc ROCO:4991
62 GF Score
Price NT$382.50
GF Value NT$111.20
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is GCS Holdings EBIT?

GCS Holdings ROCO:4991 +9.91% 62 EBIT is NT$350 Mil as of Mar. 2026. GuruFocus rates ROCO:4991 with a GF Score™ of 62/100 and a GF Value™ of NT$111.20 (Significantly Overvalued). The stock has 1 warning sign investors should review.

GCS Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was NT$249 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was NT$350 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GCS Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 21.72%. GCS Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 59.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GCS Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.78%.


GCS Holdings  (ROCO:4991) EBIT Explanation

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

GCS Holdings'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 )
=720.412 * ( 1 - 20.23% )/( (2407.14 + 2884.812)/ 2 )
=574.6726524/2645.976
=21.72 %

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))
=3845.825 - 228.319 - ( 1210.366 - max(0, 340.99 - 2278.619+1210.366))
=2407.14

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))
=4860.154 - 166.57 - ( 1808.772 - max(0, 314.591 - 3388.594+1808.772))
=2884.812

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

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

GCS Holdings'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 )
=997.936/( ( (754.465 + max(724.083, 0)) + (797.18 + max(1086.889, 0)) )/ 2 )
=997.936/( ( 1478.548 + 1884.069 )/ 2 )
=997.936/1681.3085
=59.35 %

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)
=(278.268 + 457.874 + 245.709) - (228.319 + 0 + 29.449)
=724.083

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(352.085 + 480.091 + 474.877) - (166.57 + 0 + 53.594)
=1086.889

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:

GCS Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=350.403/44810.471
=0.78 %

* 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.


GCS Holdings EBIT Related Terms


GCS Holdings EBIT Historical Data

* Premium members only.

The historical data trend for GCS Holdings'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.

GCS Holdings EBIT Chart

GCS Holdings 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 -382.58 -939.61 -788.76 -223.94 24.83

GCS Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 Premium Member Only Premium Member Only -76.09 8.69 18.18 74.06 249.48

ROCO:4991 vs AMAT, LRCX, KLAC: EBIT Comparison

For the Semiconductor Equipment & Materials subindustry, GCS Holdings'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.


GCS Holdings EV-to-EBIT vs Semiconductors Industry

For the Semiconductors industry and Technology sector, GCS Holdings's EV-to-EBIT distribution charts can be found below:

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


ROCO:4991
62GF Score
GCS Holdings Inc ROCO:4991
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GCS Holdings 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$350 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$350 Mil mean?
GCS Holdings (ROCO:4991) has a EBIT of NT$350 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on GCS Holdings.
Is GCS Holdings' EBIT too high?
GCS Holdings' current EBIT is NT$350 Mil. Overall, GCS Holdings has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GCS Holdings' EBIT compare to AMAT and LRCX?
GCS Holdings' EBIT of NT$350 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good EBIT depends on the Semiconductors 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 GCS Holdings. GCS Holdings's current EBIT is NT$350 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GCS Holdings stock overvalued right now?
Based on GuruFocus' analysis, GCS Holdings (ROCO:4991) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$111.20, compared to a current price of NT$382.50 — trading 244% above its estimated fair value. The current EBIT is NT$350 Mil. GCS Holdings' overall GF Score™ is 62/100 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 GCS Holdings (ROCO:4991), the current EBIT is NT$350 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 GCS Holdings (ROCO:4991) Overvalued in 2026?

Based on GuruFocus' analysis, GCS Holdings stock appears to be overvalued. The current stock price of NT$382.50 is trading 244% above its estimated GF Value™ of NT$111.20. GuruFocus considers GCS Holdings to be Significantly Overvalued.

Key valuation signals for ROCO:4991:

  • EBIT: NT$350 Mil
  • GF Value™: NT$111.20 vs. price of NT$382.50 (244% above fair value)
  • GF Score™: 62/100 with 1 warning sign

No single metric tells the full story. See the ROCO:4991 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GCS Holdings Business Description

Address 23155 Kashiwa Court, Torrance, CA, USA, 90505
GCS Holdings Inc through its subsidiaries, is engaged in the manufacturing of compound semiconductor wafers and foundry-related services as well as the licensing of intellectual property. It is also engaged in the research, development, manufacture, and sales of optoelectronics technology products. Its portfolio offerings include Radio Frequency Integrated Circuits (RFIC) and millimeter-wave integrated circuits for the wireless markets, power devices for power electronics, and Photodetectors and Lasers for the optical communications market. Geographically, the company generates a majority of its revenue from China and the rest from the United States, Taiwan, and other markets.
62GF Score

Get the complete analysis for ROCO:4991

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

NT$382.50
Price
NT$111.20
GF Value