Shihlin Paper (TPE:1903) EBIT: NT$397.4 Mil (TTM As of Dec. 2025)


TPE:1903 Shihlin Paper Corp TPE:1903
61 GF Score
Price NT$46.45
GF Value NT$51.28
Valuation Fairly Valued
! 6 Warning Signs
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What is Shihlin Paper EBIT?

Shihlin Paper TPE:1903 -1.80% 61 EBIT is NT$397.4 Mil as of Dec. 2025. GuruFocus rates TPE:1903 with a GF Score™ of 61/100 and a GF Value™ of NT$51.28 (Fairly Valued). The stock has 6 warning signs investors should review.

Shihlin Paper's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$219.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$397.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shihlin Paper's annualized ROC % for the quarter that ended in Dec. 2025 was -0.34%. Shihlin Paper's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 36.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shihlin Paper's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.36%.


Shihlin Paper  (TPE:1903) EBIT Explanation

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

Shihlin Paper'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 )
=-33.66 * ( 1 - 0% )/( (9974.396 + 10001.968)/ 2 )
=-33.66/9988.182
=-0.34 %

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))
=10194.917 - 160.397 - ( 3146.937 - max(0, 3294.237 - 3354.361+3146.937))
=9974.396

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))
=10560.058 - 146.501 - ( 3536.61 - max(0, 3265.805 - 3677.394+3536.61))
=10001.968

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

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

Shihlin Paper'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 )
=877.248/( ( (2386.33 + max(-67.724, 0)) + (2444.233 + max(-10.014, 0)) )/ 2 )
=877.248/( ( 2386.33 + 2444.233 )/ 2 )
=877.248/2415.2815
=36.32 %

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)
=(48.006 + 13.561 + 82.851) - (160.397 + 0 + 51.745)
=-67.724

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(47.54 + 14.449 + 76.549) - (146.501 + 0 + 2.0509999999995)
=-10.014

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=397.4/11836.487
=3.36 %

* 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.


Shihlin Paper EBIT Related Terms


Shihlin Paper EBIT Historical Data

* Premium members only.

The historical data trend for Shihlin Paper'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.

Shihlin Paper EBIT Chart

Shihlin Paper 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 111.36 239.60 127.45 25.13 397.40

Shihlin Paper 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 -8.16 -5.30 -25.60 208.99 219.31

TPE:1903 vs PG, CL, KVUE: EBIT Comparison

For the Household & Personal Products subindustry, Shihlin Paper'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.


Shihlin Paper EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shihlin Paper's EV-to-EBIT distribution charts can be found below:

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


TPE:1903
61GF Score
Shihlin Paper Corp TPE:1903
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Shihlin Paper 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$397.4 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$397.4 Mil mean?
Shihlin Paper (TPE:1903) has a EBIT of NT$397.4 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Shihlin Paper.
Is Shihlin Paper's EBIT too high?
Shihlin Paper's current EBIT is NT$397.4 Mil. Overall, Shihlin Paper has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shihlin Paper's EBIT compare to PG and CL?
Shihlin Paper's EBIT of NT$397.4 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods 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 Shihlin Paper. Shihlin Paper's current EBIT is NT$397.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shihlin Paper stock overvalued right now?
Based on GuruFocus' analysis, Shihlin Paper (TPE:1903) is currently considered Fairly Valued. The stock's GF Value™ is NT$51.28, compared to a current price of NT$46.45 — trading 9.4% below its estimated fair value. The current EBIT is NT$397.4 Mil. Shihlin Paper's overall GF Score™ is 61/100 with 6 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 Shihlin Paper (TPE:1903), the current EBIT is NT$397.4 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 Shihlin Paper (TPE:1903) Overvalued in 2026?

Based on GuruFocus' analysis, Shihlin Paper stock appears to be undervalued. The current stock price of NT$46.45 is trading 9.4% below its estimated GF Value™ of NT$51.28. GuruFocus considers Shihlin Paper to be Fairly Valued.

Key valuation signals for TPE:1903:

  • EBIT: NT$397.4 Mil
  • GF Value™: NT$51.28 vs. price of NT$46.45 (9.4% below fair value)
  • GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the TPE:1903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shihlin Paper Business Description

Address No.31, Fude Road, Shihlin District, Taipei, TWN
Shihlin Paper Corp is engaged in the sales of paper-processed products, wet wipes, facial masks, skincare products, and toiletries and the leasing of assets and investment and development. The company's segments consist of the Consumer Goods Department and the Real Estate Development Department. The Consumer Goods Department is responsible for selling wet wipes and facial masks and leasing real estate. The Real Estate Development Department engages in developing, leasing, and urban renewal and reconstruction of residential property and buildings.
61GF Score

Get the complete analysis for TPE:1903

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

NT$46.45
Price
NT$51.28
GF Value