iSTART-TEK (ROCO:6786) EBIT: NT$-53.0 Mil (TTM As of Dec. 2025)


ROCO:6786 iSTART-TEK Inc ROCO:6786
72 GF Score
Price NT$70.00
GF Value NT$148.26
Valuation Possible Value Trap
! 3 Warning Signs
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What is iSTART-TEK EBIT?

iSTART-TEK ROCO:6786 -5.28% 72 EBIT is NT$-53.0 Mil as of Dec. 2025. GuruFocus rates ROCO:6786 with a GF Score™ of 72/100 and a GF Value™ of NT$148.26 (Possible Value Trap). The stock has 3 warning signs investors should review.

iSTART-TEK's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was NT$-16.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-53.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. iSTART-TEK's annualized ROC % for the quarter that ended in Dec. 2025 was -44.45%. iSTART-TEK's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -102.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. iSTART-TEK's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -2.63%.

iSTART-TEK  (ROCO:6786) EBIT Explanation

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

iSTART-TEK'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 )
=-40.058 * ( 1 - 0% )/( (68.06 + 112.195)/ 2 )
=-40.058/90.1275
=-44.45 %

where

Invested Capital(Q: Jun. 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))
=178.747 - 22.016 - ( 88.671 - max(0, 26.911 - 122.884+88.671))
=68.06

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))
=285.547 - 22.865 - ( 150.487 - max(0, 34.424 - 222.123+150.487))
=112.195

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:

iSTART-TEK'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 )
=-33.614/( ( (9.343 + max(9.78, 0)) + (6.926 + max(39.667, 0)) )/ 2 )
=-33.614/( ( 19.123 + 46.593 )/ 2 )
=-33.614/32.858
=-102.30 %

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)
=(27.231 + 0 + 6.43) - (22.016 + 0 + 1.865)
=9.78

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(44.9 + 0 + 26.056) - (22.865 + 0 + 8.424)
=39.667

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:

iSTART-TEK's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-52.972/2012.952
=-2.63 %

* 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.

iSTART-TEK EBIT Related Terms

iSTART-TEK EBIT Historical Data

* Premium members only.

The historical data trend for iSTART-TEK'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.

iSTART-TEK EBIT Chart

iSTART-TEK 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 -41.09 -43.93 -66.37 -78.70 -52.97

iSTART-TEK Semi-Annual Data
Dec16 Dec17 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 Premium Member Only Premium Member Only -42.81 -47.01 -31.69 -36.17 -16.81

ROCO:6786 vs NVDA, AVGO, MU: EBIT Comparison

For the Semiconductors subindustry, iSTART-TEK'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.

iSTART-TEK EV-to-EBIT vs Semiconductors Industry

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

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


ROCO:6786
72GF Score
iSTART-TEK Inc ROCO:6786
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

iSTART-TEK 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 NT$-53.0 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$-53.0 Mil mean?
iSTART-TEK (ROCO:6786) has a EBIT of NT$-53.0 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on iSTART-TEK.
Is iSTART-TEK's EBIT too high?
iSTART-TEK's current EBIT is NT$-53.0 Mil. Overall, iSTART-TEK has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does iSTART-TEK's EBIT compare to NVDA and AVGO?
iSTART-TEK's EBIT of NT$-53.0 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 iSTART-TEK. iSTART-TEK's current EBIT is NT$-53.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iSTART-TEK stock overvalued right now?
Based on GuruFocus' analysis, iSTART-TEK (ROCO:6786) is currently considered Possible Value Trap. The stock's GF Value™ is NT$148.26, compared to a current price of NT$70.00 — trading 52.8% below its estimated fair value. The current EBIT is NT$-53.0 Mil. iSTART-TEK's overall GF Score™ is 72/100 with 3 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 iSTART-TEK (ROCO:6786), the current EBIT is NT$-53.0 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 iSTART-TEK (ROCO:6786) Overvalued in 2026?

Based on GuruFocus' analysis, iSTART-TEK stock appears to be undervalued. The current stock price of NT$70.00 is trading 52.8% below its estimated GF Value™ of NT$148.26. GuruFocus considers iSTART-TEK to be Possible Value Trap.

Key valuation signals for ROCO:6786:

  • EBIT: NT$-53.0 Mil
  • GF Value™: NT$148.26 vs. price of NT$70.00 (52.8% below fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the ROCO:6786 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

iSTART-TEK Business Description

Address No. 6, Taiyuan 1st Street, 5th Floor and 7th Floor, Hsinchu County, Zhubei, TWN, 30288
iSTART-TEK Inc provides testing and repairing technical of memory. The company offers configurable memory testing circuits and software and hardware technology development, licensing service and repairing solutions based on own memory testing and repairing patents. The product portfolio include EZ-BIST and Start V2 and Customized IP.
72GF Score

Get the complete analysis for ROCO:6786

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

NT$70.00
Price
NT$148.26
GF Value