Cathay Real Estate Development Co (TPE:2501) EBIT: NT$4,369 Mil (TTM As of Dec. 2025)


TPE:2501 Cathay Real Estate Development Co Ltd TPE:2501
85 GF Score
Price NT$24.75
GF Value NT$25.43
Valuation Fairly Valued
! 7 Warning Signs
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What is Cathay Real Estate Development Co EBIT?

Cathay Real Estate Development Co TPE:2501 +2.06% 85 EBIT is NT$4,369 Mil as of Dec. 2025. GuruFocus rates TPE:2501 with a GF Score™ of 85/100 and a GF Value™ of NT$25.43 (Fairly Valued). The stock has 7 warning signs investors should review.

Cathay Real Estate Development Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$1,444 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$4,369 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cathay Real Estate Development Co's annualized ROC % for the quarter that ended in Dec. 2025 was 6.54%. Cathay Real Estate Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cathay Real Estate Development Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.45%.

Cathay Real Estate Development Co  (TPE:2501) EBIT Explanation

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

Cathay Real Estate Development 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 )
=6041.248 * ( 1 - 17.03% )/( (77326.557 + 75866.058)/ 2 )
=5012.4234656/76596.3075
=6.54 %

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))
=90725.861 - 3417.317 - ( 9981.987 - max(0, 40479.427 - 66573.764+9981.987))
=77326.557

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))
=90890.754 - 4240.544 - ( 10784.152 - max(0, 42769.891 - 66487.782+10784.152))
=75866.058

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

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

Cathay Real Estate Development 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 )
=5777.068/( ( (7771.614 + max(39046.725, 0)) + (7611.01 + max(36399.885, 0)) )/ 2 )
=5777.068/( ( 46818.339 + 44010.895 )/ 2 )
=5777.068/45414.617
=12.72 %

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)
=(1595.788 + 51548.198 + 3231.501) - (3417.317 + 0 + 13911.445)
=39046.725

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1041.015 + 50981.825 + 3589.018) - (4240.544 + 0 + 14971.429)
=36399.885

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:

Cathay Real Estate Development Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=4368.611/58620.344
=7.45 %

* 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.

Cathay Real Estate Development Co EBIT Related Terms

Cathay Real Estate Development Co EBIT Historical Data

* Premium members only.

The historical data trend for Cathay Real Estate Development 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.

Cathay Real Estate Development Co EBIT Chart

Cathay Real Estate Development 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 1,179.86 2,091.10 2,920.20 2,566.17 4,368.61

Cathay Real Estate Development 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 1,071.68 356.03 1,747.20 821.12 1,444.27

Cathay Real Estate Development Co EBIT Competitor Comparison

For the Real Estate - Development subindustry, Cathay Real Estate Development 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.

Cathay Real Estate Development Co EV-to-EBIT vs Real Estate Industry

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

* The bar in red indicates where Cathay Real Estate Development Co's EV-to-EBIT falls into.


TPE:2501
85GF Score
Cathay Real Estate Development Co Ltd TPE:2501
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Cathay Real Estate Development 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$4,369 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$4,369 Mil mean?
Cathay Real Estate Development Co (TPE:2501) has a EBIT of NT$4,369 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cathay Real Estate Development Co.
Is Cathay Real Estate Development Co's EBIT too high?
Cathay Real Estate Development Co's current EBIT is NT$4,369 Mil. Overall, Cathay Real Estate Development Co has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cathay Real Estate Development Co's EBIT compare to competitors?
Cathay Real Estate Development Co's EBIT of NT$4,369 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 Cathay Real Estate Development Co. Cathay Real Estate Development Co's current EBIT is NT$4,369 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cathay Real Estate Development Co stock overvalued right now?
Based on GuruFocus' analysis, Cathay Real Estate Development Co (TPE:2501) is currently considered Fairly Valued. The stock's GF Value™ is NT$25.43, compared to a current price of NT$24.75 — trading 2.7% below its estimated fair value. The current EBIT is NT$4,369 Mil. Cathay Real Estate Development Co's overall GF Score™ is 85/100 with 7 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 Cathay Real Estate Development Co (TPE:2501), the current EBIT is NT$4,369 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 Cathay Real Estate Development Co (TPE:2501) Overvalued in 2026?

Based on GuruFocus' analysis, Cathay Real Estate Development Co stock appears to be undervalued. The current stock price of NT$24.75 is trading 2.7% below its estimated GF Value™ of NT$25.43. GuruFocus considers Cathay Real Estate Development Co to be Fairly Valued.

Key valuation signals for TPE:2501:

  • EBIT: NT$4,369 Mil
  • GF Value™: NT$25.43 vs. price of NT$24.75 (2.7% below fair value)
  • GF Score™: 85/100 with 7 warning signs

No single metric tells the full story. See the TPE:2501 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Cathay Real Estate Development Co Business Description

Address Dunhua South Road, 2nd Floor, No. 218, Section 2, Da’an District, Taipei City, TWN, 106
Cathay Real Estate Development Co Ltd is engaged in commissioning contractors to build residential and commercial buildings for leasing and selling, and provides services in real estate, health management, tourism, and hospitality in Taiwan and around the world. The Group operates through the Property and Real Estate Development department, which generates maximum revenue and is responsible for commissioning construction contractors to build residential and commercial buildings for lease or sale, and equipment leasing operations, and the Construction department, which is engaged in construction contracting and construction management. Its projects include Urban Harmony in Taipei City and Taoyuan City, Park Front Row and Cathay Grand Park in Taoyuan City, and others.
85GF Score

Get the complete analysis for TPE:2501

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

NT$24.75
Price
NT$25.43
GF Value