Evergreen Marine (Taiwan) (TPE:2603) EBIT: NT$87,839 Mil (TTM As of Dec. 2025)


TPE:2603 Evergreen Marine Corp (Taiwan) Ltd TPE:2603
92 GF Score
Price NT$181.00
GF Value NT$174.40
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Evergreen Marine (Taiwan) EBIT?

Evergreen Marine (Taiwan) TPE:2603 -2.16% 92 EBIT is NT$87,839 Mil as of Dec. 2025. GuruFocus rates TPE:2603 with a GF Score™ of 92/100 and a GF Value™ of NT$174.40 (Fairly Valued). The stock has 8 warning signs investors should review.

Evergreen Marine (Taiwan)'s earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$11,855 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$87,839 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Evergreen Marine (Taiwan)'s annualized ROC % for the quarter that ended in Dec. 2025 was 4.13%. Evergreen Marine (Taiwan)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Evergreen Marine (Taiwan)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 22.29%.


Evergreen Marine (Taiwan)  (TPE:2603) EBIT Explanation

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

Evergreen Marine (Taiwan)'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 )
=33487.976 * ( 1 - 14.78% )/( (671715.755 + 710358.928)/ 2 )
=28538.4531472/691037.3415
=4.13 %

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))
=847147.574 - 97026.223 - ( 170440.388 - max(0, 141234.614 - 219640.21+170440.388))
=671715.755

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))
=894332.176 - 96598.527 - ( 185942.323 - max(0, 146353.474 - 233728.195+185942.323))
=710358.928

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

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

Evergreen Marine (Taiwan)'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 )
=47418.016/( ( (477674.685 + max(-70326.6, 0)) + (510369.113 + max(-72800.691, 0)) )/ 2 )
=47418.016/( ( 477674.685 + 510369.113 )/ 2 )
=47418.016/494021.899
=9.60 %

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)
=(22498.676 + 10843.002 + 8597.42) - (97026.223 + 0 + 15239.475)
=-70326.6

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23504.012 + 10427.54 + 9661.865) - (96598.527 + 0 + 19795.581)
=-72800.691

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:

Evergreen Marine (Taiwan)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=87838.848/394077.883
=22.29 %

* 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.


Evergreen Marine (Taiwan) EBIT Related Terms


Evergreen Marine (Taiwan) EBIT Historical Data

* Premium members only.

The historical data trend for Evergreen Marine (Taiwan)'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.

Evergreen Marine (Taiwan) EBIT Chart

Evergreen Marine (Taiwan) 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 291,471.58 402,679.83 69,120.63 185,576.44 87,838.85

Evergreen Marine (Taiwan) 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 42,994.26 33,278.47 16,475.16 26,230.71 11,854.50

Evergreen Marine (Taiwan) EBIT Competitor Comparison

For the Marine Shipping subindustry, Evergreen Marine (Taiwan)'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.


Evergreen Marine (Taiwan) EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, Evergreen Marine (Taiwan)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Evergreen Marine (Taiwan)'s EV-to-EBIT falls into.


TPE:2603
92GF Score
Evergreen Marine Corp (Taiwan) Ltd TPE:2603
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Evergreen Marine (Taiwan) 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$87,839 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$87,839 Mil mean?
Evergreen Marine (Taiwan) (TPE:2603) has a EBIT of NT$87,839 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Evergreen Marine (Taiwan).
Is Evergreen Marine (Taiwan)'s EBIT too high?
Evergreen Marine (Taiwan)'s current EBIT is NT$87,839 Mil. Overall, Evergreen Marine (Taiwan) has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Evergreen Marine (Taiwan)'s EBIT compare to competitors?
Evergreen Marine (Taiwan)'s EBIT of NT$87,839 Mil can be compared against companies in the Transportation 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 Transportation company?
A good EBIT depends on the Transportation 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 Evergreen Marine (Taiwan). Evergreen Marine (Taiwan)'s current EBIT is NT$87,839 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evergreen Marine (Taiwan) stock overvalued right now?
Based on GuruFocus' analysis, Evergreen Marine (Taiwan) (TPE:2603) is currently considered Fairly Valued. The stock's GF Value™ is NT$174.40, compared to a current price of NT$181.00 — trading 3.8% above its estimated fair value. The current EBIT is NT$87,839 Mil. Evergreen Marine (Taiwan)'s overall GF Score™ is 92/100 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 Evergreen Marine (Taiwan) (TPE:2603), the current EBIT is NT$87,839 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 Evergreen Marine (Taiwan) (TPE:2603) Overvalued in 2026?

Based on GuruFocus' analysis, Evergreen Marine (Taiwan) stock appears to be overvalued. The current stock price of NT$181.00 is trading 3.8% above its estimated GF Value™ of NT$174.40. GuruFocus considers Evergreen Marine (Taiwan) to be Fairly Valued.

Key valuation signals for TPE:2603:

  • EBIT: NT$87,839 Mil
  • GF Value™: NT$174.40 vs. price of NT$181.00 (3.8% above fair value)
  • GF Score™: 92/100 with 8 warning signs

No single metric tells the full story. See the TPE:2603 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Evergreen Marine (Taiwan) Business Description

Address No. 166, Minsheng East Road, 1st - 4th Floor, Section 2, Zhongshan District, Taipei, TWN, 104473
Evergreen Marine Corp (Taiwan) Ltd is mainly engaged in domestic and international marine transportation, shipping agency services, commercial port area ship repair services, and the distribution of containers. Along with its subsidiaries, it operates in the following reportable segments: Transportation Department, which derives maximum revenue, and Other Departments. Geographically, the group generates maximum revenue from Asia (excluding Taiwan), followed by Taiwan, America, Europe, and other regions.
92GF Score

Get the complete analysis for TPE:2603

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

NT$181.00
Price
NT$174.40
GF Value