Thinking Electronic Industrial Co (TPE:2428) EBIT: NT$2,176 Mil (TTM As of Dec. 2025)


TPE:2428 Thinking Electronic Industrial Co Ltd TPE:2428
78 GF Score
Price NT$296.50
GF Value NT$175.41
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Thinking Electronic Industrial Co EBIT?

Thinking Electronic Industrial Co TPE:2428 -3.73% 78 EBIT is NT$2,176 Mil as of Dec. 2025. GuruFocus rates TPE:2428 with a GF Score™ of 78/100 and a GF Value™ of NT$175.41 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Thinking Electronic Industrial Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$568 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$2,176 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thinking Electronic Industrial Co's annualized ROC % for the quarter that ended in Dec. 2025 was 14.30%. Thinking Electronic Industrial Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 32.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Thinking Electronic Industrial Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.38%.


Thinking Electronic Industrial Co  (TPE:2428) EBIT Explanation

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

Thinking Electronic Industrial 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 )
=1781.1 * ( 1 - 24.72% )/( (9483.816 + 9268.612)/ 2 )
=1340.81208/9376.214
=14.30 %

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))
=15617.32 - 1379.52 - ( 4753.984 - max(0, 2630.702 - 9334.15+4753.984))
=9483.816

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))
=16576.913 - 1430.494 - ( 5877.807 - max(0, 2870.001 - 10614.414+5877.807))
=9268.612

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

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

Thinking Electronic Industrial 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 )
=2271.972/( ( (4380.784 + max(2493.092, 0)) + (4496.691 + max(2593.891, 0)) )/ 2 )
=2271.972/( ( 6873.876 + 7090.582 )/ 2 )
=2271.972/6982.229
=32.54 %

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)
=(2341.903 + 1494.768 + 145.623) - (1379.52 + 0 + 109.682)
=2493.092

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2434.12 + 1508.672 + 184.347) - (1430.494 + 0 + 102.754)
=2593.891

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:

Thinking Electronic Industrial Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=2175.939/34083.223
=6.38 %

* 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.


Thinking Electronic Industrial Co EBIT Related Terms


Thinking Electronic Industrial Co EBIT Historical Data

* Premium members only.

The historical data trend for Thinking Electronic Industrial 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.

Thinking Electronic Industrial Co EBIT Chart

Thinking Electronic Industrial 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 2,170.90 1,813.92 1,739.39 2,089.14 2,175.94

Thinking Electronic Industrial 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 535.12 509.58 459.47 638.90 567.99

TPE:2428 vs APH, GLW, TEL: EBIT Comparison

For the Electronic Components subindustry, Thinking Electronic Industrial 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.


Thinking Electronic Industrial Co EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, Thinking Electronic Industrial Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Thinking Electronic Industrial Co's EV-to-EBIT falls into.


TPE:2428
78GF Score
Thinking Electronic Industrial Co Ltd TPE:2428
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Thinking Electronic Industrial 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$2,176 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$2,176 Mil mean?
Thinking Electronic Industrial Co (TPE:2428) has a EBIT of NT$2,176 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Thinking Electronic Industrial Co.
Is Thinking Electronic Industrial Co's EBIT too high?
Thinking Electronic Industrial Co's current EBIT is NT$2,176 Mil. Overall, Thinking Electronic Industrial Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thinking Electronic Industrial Co's EBIT compare to APH and GLW?
Thinking Electronic Industrial Co's EBIT of NT$2,176 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 Thinking Electronic Industrial Co. Thinking Electronic Industrial Co's current EBIT is NT$2,176 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinking Electronic Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Thinking Electronic Industrial Co (TPE:2428) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$175.41, compared to a current price of NT$296.50 — trading 69% above its estimated fair value. The current EBIT is NT$2,176 Mil. Thinking Electronic Industrial Co's overall GF Score™ is 78/100 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 Thinking Electronic Industrial Co (TPE:2428), the current EBIT is NT$2,176 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 Thinking Electronic Industrial Co (TPE:2428) Overvalued in 2026?

Based on GuruFocus' analysis, Thinking Electronic Industrial Co stock appears to be overvalued. The current stock price of NT$296.50 is trading 69% above its estimated GF Value™ of NT$175.41. GuruFocus considers Thinking Electronic Industrial Co to be Significantly Overvalued.

Key valuation signals for TPE:2428:

  • EBIT: NT$2,176 Mil
  • GF Value™: NT$175.41 vs. price of NT$296.50 (69% above fair value)
  • GF Score™: 78/100 with 8 warning signs

No single metric tells the full story. See the TPE:2428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thinking Electronic Industrial Co Business Description

Address Dashun 1st Road, No. 93, 8th Floor, Zuoying District, Kaohsiung, TWN
Thinking Electronic Industrial Co Ltd manufactures, processes, and sells electric devices, thermistors, varistors, and wires. Its product portfolio comprises negative temperature coefficient thermistors, zinc oxide varistors, ceramic positive temperature thermistors, polymer positive temperature coefficient thermistors (Polymer PTC resettable fuse), temperature sensors, and gas discharge tubes, among others. The Group's reportable segments are: Thinking Electronic Industrial (the company), which generates the maximum revenue, Thinking Changzhou, Dongguan Welkin and Zhongshan Welkin Guangdong, Thinking Yichang, Jiangxi Thinking, and Others. Geographically, it generates maximum revenue from Greater China (including Taiwan), and the rest from Europe and other regions.
78GF Score

Get the complete analysis for TPE:2428

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

NT$296.50
Price
NT$175.41
GF Value