TRK (TPE:1432) EBIT: NT$750 Mil (TTM As of Dec. 2025)


TPE:1432 TRK Corp TPE:1432
61 GF Score
Price NT$15.25
GF Value NT$6.73
Valuation Significantly Overvalued
! 8 Warning Signs
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What is TRK EBIT?

TRK TPE:1432 -2.56% 61 EBIT is NT$750 Mil as of Dec. 2025. GuruFocus rates TPE:1432 with a GF Score™ of 61/100 and a GF Value™ of NT$6.73 (Significantly Overvalued). The stock has 8 warning signs investors should review.

TRK's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$740 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$750 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TRK's annualized ROC % for the quarter that ended in Dec. 2025 was -7.84%. TRK's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 121.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TRK's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 29.20%.


TRK  (TPE:1432) EBIT Explanation

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

TRK'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 )
=-357.76 * ( 1 - 6.7% )/( (5416.493 + 3101.28)/ 2 )
=-333.79008/4258.8865
=-7.84 %

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))
=5529.844 - 583.622 - ( 414.547 - max(0, 1676.909 - 1206.638+414.547))
=5416.493

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))
=4357.873 - 722.259 - ( 913.067 - max(0, 1630.072 - 2164.406+913.067))
=3101.28

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

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

TRK'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 )
=2958.148/( ( (3036.049 + max(76.075, 0)) + (1350.378 + max(398.076, 0)) )/ 2 )
=2958.148/( ( 3112.124 + 1748.454 )/ 2 )
=2958.148/2430.289
=121.72 %

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)
=(52.989 + 589.509 + 133.674) - (583.622 + 0 + 116.475)
=76.075

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(53.158 + 570.465 + 609.105) - (722.259 + 0 + 112.393)
=398.076

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=749.74/2567.742
=29.20 %

* 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.


TRK EBIT Related Terms


TRK EBIT Historical Data

* Premium members only.

The historical data trend for TRK'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.

TRK EBIT Chart

TRK 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 -99.42 22.17 118.57 12.68 749.74

TRK 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 -17.71 20.88 -8.48 -2.21 739.54

TPE:1432 vs AS, HAS, LTH: EBIT Comparison

For the Leisure subindustry, TRK'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.


TRK EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TRK's EV-to-EBIT distribution charts can be found below:

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


TPE:1432
61GF Score
TRK Corp TPE:1432
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TRK 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$750 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$750 Mil mean?
TRK (TPE:1432) has a EBIT of NT$750 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on TRK.
Is TRK's EBIT too high?
TRK's current EBIT is NT$750 Mil. Overall, TRK has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TRK's EBIT compare to AS and HAS?
TRK's EBIT of NT$750 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good EBIT depends on the Travel & Leisure 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 TRK. TRK's current EBIT is NT$750 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRK stock overvalued right now?
Based on GuruFocus' analysis, TRK (TPE:1432) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$6.73, compared to a current price of NT$15.25 — trading 126.6% above its estimated fair value. The current EBIT is NT$750 Mil. TRK's overall GF Score™ is 61/100 with 8 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 TRK (TPE:1432), the current EBIT is NT$750 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 TRK (TPE:1432) Overvalued in 2026?

Based on GuruFocus' analysis, TRK stock appears to be overvalued. The current stock price of NT$15.25 is trading 126.6% above its estimated GF Value™ of NT$6.73. GuruFocus considers TRK to be Significantly Overvalued.

Key valuation signals for TPE:1432:

  • EBIT: NT$750 Mil
  • GF Value™: NT$6.73 vs. price of NT$15.25 (126.6% above fair value)
  • GF Score™: 61/100 with 8 warning signs

No single metric tells the full story. See the TPE:1432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TRK Business Description

Address No 186, Sec 4, Fusing Road, East District, Taichung, TWN
TRK Corp, formerly Taroko Co Ltd is engaged in the development business of department stores and shopping centres, recreational activities venue business, other leisure services, retail services of educational and entertainment materials, and international trading business. The company segments include: Strategic business segment, Construction segment, Shopping centres development segment, and Leisure and recreation segment. It earns maximum revenue from the Leisure and recreation segment.
61GF Score

Get the complete analysis for TPE:1432

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

NT$15.25
Price
NT$6.73
GF Value