Micro-Star International Co (TPE:2377) EBIT: NT$7,160 Mil (TTM As of Dec. 2025)


TPE:2377 Micro-Star International Co Ltd TPE:2377
87 GF Score
Price NT$131.50
GF Value NT$203.73
Valuation Possible Value Trap
! 5 Warning Signs
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What is Micro-Star International Co EBIT?

Micro-Star International Co TPE:2377 -1.50% 87 EBIT is NT$7,160 Mil as of Dec. 2025. GuruFocus rates TPE:2377 with a GF Score™ of 87/100 and a GF Value™ of NT$203.73 (Possible Value Trap). The stock has 5 warning signs investors should review.

Micro-Star International Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$1,925 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$7,160 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Micro-Star International Co's annualized ROC % for the quarter that ended in Dec. 2025 was 12.20%. Micro-Star International Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 23.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Micro-Star International Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.82%.


Micro-Star International Co  (TPE:2377) EBIT Explanation

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

Micro-Star 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 )
=6098.22 * ( 1 - 12.35% )/( (43186.198 + 44471.923)/ 2 )
=5345.08983/43829.0605
=12.20 %

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))
=122592.42 - 54148.062 - ( 25258.16 - max(0, 63043.262 - 110640.175+25258.16))
=43186.198

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))
=120954.606 - 45232.322 - ( 31250.361 - max(0, 58874.927 - 108601.38+31250.361))
=44471.923

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

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

Micro-Star 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 )
=7700.548/( ( (9758.996 + max(22262.66, 0)) + (9894.56 + max(22944.269, 0)) )/ 2 )
=7700.548/( ( 32021.656 + 32838.829 )/ 2 )
=7700.548/32430.2425
=23.74 %

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)
=(34222.628 + 48516.69 + 2174.931) - (54148.062 + 0 + 8503.527)
=22262.66

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26756.654 + 47765.409 + 2420.384) - (45232.322 + 0 + 8765.856)
=22944.269

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=7159.581/91549.043
=7.82 %

* 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.


Micro-Star International Co EBIT Related Terms


Micro-Star International Co EBIT Historical Data

* Premium members only.

The historical data trend for Micro-Star 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.

Micro-Star International Co EBIT Chart

Micro-Star 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 20,649.38 12,321.92 9,204.34 8,552.56 7,159.58

Micro-Star 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 642.04 1,288.76 1,930.93 2,014.76 1,925.14

TPE:2377 vs DELL, SNDK, ANET: EBIT Comparison

For the Computer Hardware subindustry, Micro-Star 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.


Micro-Star International Co EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, Micro-Star International Co's EV-to-EBIT distribution charts can be found below:

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


TPE:2377
87GF Score
Micro-Star International Co Ltd TPE:2377
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Micro-Star 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$7,160 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$7,160 Mil mean?
Micro-Star International Co (TPE:2377) has a EBIT of NT$7,160 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Micro-Star International Co.
Is Micro-Star International Co's EBIT too high?
Micro-Star International Co's current EBIT is NT$7,160 Mil. Overall, Micro-Star International Co has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Micro-Star International Co's EBIT compare to DELL and SNDK?
Micro-Star International Co's EBIT of NT$7,160 Mil can be compared against companies in the Hardware 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 Hardware company?
A good EBIT depends on the Hardware 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 Micro-Star International Co. Micro-Star International Co's current EBIT is NT$7,160 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micro-Star International Co stock overvalued right now?
Based on GuruFocus' analysis, Micro-Star International Co (TPE:2377) is currently considered Possible Value Trap. The stock's GF Value™ is NT$203.73, compared to a current price of NT$131.50 — trading 35.5% below its estimated fair value. The current EBIT is NT$7,160 Mil. Micro-Star International Co's overall GF Score™ is 87/100 with 5 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 Micro-Star International Co (TPE:2377), the current EBIT is NT$7,160 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 Micro-Star International Co (TPE:2377) Overvalued in 2026?

Based on GuruFocus' analysis, Micro-Star International Co stock appears to be undervalued. The current stock price of NT$131.50 is trading 35.5% below its estimated GF Value™ of NT$203.73. GuruFocus considers Micro-Star International Co to be Possible Value Trap.

Key valuation signals for TPE:2377:

  • EBIT: NT$7,160 Mil
  • GF Value™: NT$203.73 vs. price of NT$131.50 (35.5% below fair value)
  • GF Score™: 87/100 with 5 warning signs

No single metric tells the full story. See the TPE:2377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Micro-Star International Co Business Description

Address No. 69, Lide Street, Zhonghe District, New Taipei, TWN, 235
Micro-Star International Co Ltd is a manufacturer and distributor of computer hardware products, particularly gaming laptops and hardware. The company has single reportable segment which is Computer and IT segment. Its other products include laptops, motherboards, graphics cards, all-in-one PCs, mobile workstations, barebone computers, servers, multimedia peripherals to vehicle infotainment solutions, smart cleaning robots, and Wi-Fi cameras. Geographically, it generates revenue from Asia, Europe, America and others.
87GF Score

Get the complete analysis for TPE:2377

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

NT$131.50
Price
NT$203.73
GF Value