Bes Engineering Co (TPE:2515) EBIT: NT$1,041 Mil (TTM As of Dec. 2025)


TPE:2515 Bes Engineering Co TPE:2515
79 GF Score
Price NT$12.95
GF Value NT$14.81
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Bes Engineering Co EBIT?

Bes Engineering Co TPE:2515 -0.77% 79 EBIT is NT$1,041 Mil as of Dec. 2025. GuruFocus rates TPE:2515 with a GF Score™ of 79/100 and a GF Value™ of NT$14.81 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Bes Engineering Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$310 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$1,041 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bes Engineering Co's annualized ROC % for the quarter that ended in Dec. 2025 was 2.35%. Bes Engineering Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bes Engineering Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 2.77%.


Bes Engineering Co  (TPE:2515) EBIT Explanation

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

Bes Engineering 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 )
=1406.74 * ( 1 - 12.83% )/( (52434.275 + 51906.219)/ 2 )
=1226.255258/52170.247
=2.35 %

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))
=65856.014 - 6570.623 - ( 6851.116 - max(0, 26434.52 - 56425.733+6851.116))
=52434.275

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))
=67732.475 - 7245.575 - ( 8580.681 - max(0, 27405.802 - 58648.089+8580.681))
=51906.219

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

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

Bes Engineering 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 )
=1239.796/( ( (3881.127 + max(25998.328, 0)) + (3960.964 + max(25576.463, 0)) )/ 2 )
=1239.796/( ( 29879.455 + 29537.427 )/ 2 )
=1239.796/29708.441
=4.17 %

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)
=(6238.596 + 32917.025 + 3151.57) - (6570.623 + 0 + 9738.24)
=25998.328

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5688.373 + 34052.498 + 3271.905) - (7245.575 + 0 + 10190.738)
=25576.463

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=1041.018/37568.488
=2.77 %

* 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.


Bes Engineering Co EBIT Related Terms


Bes Engineering Co EBIT Historical Data

* Premium members only.

The historical data trend for Bes Engineering 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.

Bes Engineering Co EBIT Chart

Bes Engineering 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 2,628.75 1,184.95 1,012.96 1,196.77 1,041.02

Bes Engineering 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 308.68 236.59 257.31 237.17 309.95

TPE:2515 vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, Bes Engineering 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.


Bes Engineering Co EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, Bes Engineering Co's EV-to-EBIT distribution charts can be found below:

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


TPE:2515
79GF Score
Bes Engineering Co TPE:2515
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bes Engineering 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$1,041 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$1,041 Mil mean?
Bes Engineering Co (TPE:2515) has a EBIT of NT$1,041 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Bes Engineering Co.
Is Bes Engineering Co's EBIT too high?
Bes Engineering Co's current EBIT is NT$1,041 Mil. Overall, Bes Engineering Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bes Engineering Co's EBIT compare to PWR and FIX?
Bes Engineering Co's EBIT of NT$1,041 Mil can be compared against companies in the Construction 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 Construction company?
A good EBIT depends on the Construction 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 Bes Engineering Co. Bes Engineering Co's current EBIT is NT$1,041 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bes Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Bes Engineering Co (TPE:2515) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$14.81, compared to a current price of NT$12.95 — trading 12.6% below its estimated fair value. The current EBIT is NT$1,041 Mil. Bes Engineering Co's overall GF Score™ is 79/100 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 Bes Engineering Co (TPE:2515), the current EBIT is NT$1,041 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 Bes Engineering Co (TPE:2515) Overvalued in 2026?

Based on GuruFocus' analysis, Bes Engineering Co stock appears to be undervalued. The current stock price of NT$12.95 is trading 12.6% below its estimated GF Value™ of NT$14.81. GuruFocus considers Bes Engineering Co to be Modestly Undervalued.

Key valuation signals for TPE:2515:

  • EBIT: NT$1,041 Mil
  • GF Value™: NT$14.81 vs. price of NT$12.95 (12.6% below fair value)
  • GF Score™: 79/100 with 8 warning signs

No single metric tells the full story. See the TPE:2515 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bes Engineering Co Business Description

Address 6th Floor, No. 12, Dongxing Road, Songshan District, Taipei, TWN
Bes Engineering Co engages mainly in civil engineering, building construction, real estate transactions, and the development of industrial districts for the government. Its construction engineering includes super high-rise buildings, high-end residences, department stores, office buildings, factories and offices, medical buildings, schools, gymnasiums, and large-scale community development.
79GF Score

Get the complete analysis for TPE:2515

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

NT$12.95
Price
NT$14.81
GF Value