Hiyes International Co (TPE:2348) EBIT: NT$2,083 Mil (TTM As of Dec. 2025)


TPE:2348 Hiyes International Co Ltd TPE:2348
74 GF Score
Price NT$76.10
GF Value NT$116.72
Valuation Possible Value Trap
! 11 Warning Signs
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What is Hiyes International Co EBIT?

Hiyes International Co TPE:2348 +1.87% 74 EBIT is NT$2,083 Mil as of Dec. 2025. GuruFocus rates TPE:2348 with a GF Score™ of 74/100 and a GF Value™ of NT$116.72 (Possible Value Trap). The stock has 11 warning signs investors should review.

Hiyes International Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$820 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$2,083 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hiyes International Co's annualized ROC % for the quarter that ended in Dec. 2025 was 5.26%. Hiyes International Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 14.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hiyes International Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.19%.


Hiyes International Co  (TPE:2348) EBIT Explanation

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

Hiyes International Co'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 )
=2641.048 * ( 1 - 20.08% )/( (39828.315 + 40485.199)/ 2 )
=2110.7255616/40156.757
=5.26 %

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))
=46329.607 - 1106.938 - ( 5394.354 - max(0, 15950.02 - 34117.546+5394.354))
=39828.315

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))
=47937.177 - 1508.182 - ( 5943.796 - max(0, 14435.262 - 35452.905+5943.796))
=40485.199

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

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

Hiyes International Co'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 )
=3281.82/( ( (63.638 + max(22586.294, 0)) + (59.752 + max(23133.974, 0)) )/ 2 )
=3281.82/( ( 22649.932 + 23193.726 )/ 2 )
=3281.82/22921.829
=14.32 %

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)
=(682.874 + 25084.655 + 1638.484) - (1106.938 + 0 + 3712.781)
=22586.294

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1157.602 + 25610.977 + 1447.315) - (1508.182 + 0 + 3573.738)
=23133.974

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:

Hiyes International Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=2083.177/40150.286
=5.19 %

* 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.


Hiyes International Co EBIT Related Terms


Hiyes International Co EBIT Historical Data

* Premium members only.

The historical data trend for Hiyes International Co'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.

Hiyes International Co EBIT Chart

Hiyes International Co 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 2,429.00 1,428.15 2,372.88 3,251.18 2,083.18

Hiyes International Co 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 383.21 612.04 400.70 249.98 820.46

TPE:2348 vs CBRE, BEKE, JLL: EBIT Comparison

For the Real Estate Services subindustry, Hiyes International Co'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.


Hiyes International Co EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hiyes International Co's EV-to-EBIT distribution charts can be found below:

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


TPE:2348
74GF Score
Hiyes International Co Ltd TPE:2348
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Hiyes International Co 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$2,083 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$2,083 Mil mean?
Hiyes International Co (TPE:2348) has a EBIT of NT$2,083 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hiyes International Co.
Is Hiyes International Co's EBIT too high?
Hiyes International Co's current EBIT is NT$2,083 Mil. Overall, Hiyes International Co has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hiyes International Co's EBIT compare to CBRE and BEKE?
Hiyes International Co's EBIT of NT$2,083 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good EBIT depends on the Real Estate 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 Hiyes International Co. Hiyes International Co's current EBIT is NT$2,083 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiyes International Co stock overvalued right now?
Based on GuruFocus' analysis, Hiyes International Co (TPE:2348) is currently considered Possible Value Trap. The stock's GF Value™ is NT$116.72, compared to a current price of NT$76.10 — trading 34.8% below its estimated fair value. The current EBIT is NT$2,083 Mil. Hiyes International Co's overall GF Score™ is 74/100 with 11 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 Hiyes International Co (TPE:2348), the current EBIT is NT$2,083 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 Hiyes International Co (TPE:2348) Overvalued in 2026?

Based on GuruFocus' analysis, Hiyes International Co stock appears to be undervalued. The current stock price of NT$76.10 is trading 34.8% below its estimated GF Value™ of NT$116.72. GuruFocus considers Hiyes International Co to be Possible Value Trap.

Key valuation signals for TPE:2348:

  • EBIT: NT$2,083 Mil
  • GF Value™: NT$116.72 vs. price of NT$76.10 (34.8% below fair value)
  • GF Score™: 74/100 with 11 warning signs

No single metric tells the full story. See the TPE:2348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hiyes International Co Business Description

Address No. 260, Dunhua North Road, 7th Floor, Songshan District, Taipei, TWN
Hiyes International Co Ltd operates in the real estate industry. The Company has two reporting segments: the agency sales segment of real estate, and the construction segment, in which the former engages in the brokerage of real estate sales, and the construction segment engages in the operation and construction of residential houses, sales of real estate, and other related businesses.
74GF Score

Get the complete analysis for TPE:2348

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

NT$76.10
Price
NT$116.72
GF Value