China Airlines (TPE:2610) EBIT: NT$23,386 Mil (TTM As of Dec. 2025)


TPE:2610 China Airlines Ltd TPE:2610
57 GF Score
Price NT$23.20
GF Value NT$25.61
Valuation Fairly Valued
! 4 Warning Signs
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What is China Airlines EBIT?

China Airlines TPE:2610 -4.13% 57 EBIT is NT$23,386 Mil as of Dec. 2025. GuruFocus rates TPE:2610 with a GF Score™ of 57/100 and a GF Value™ of NT$25.61 (Fairly Valued). The stock has 4 warning signs investors should review.

China Airlines's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$23,386 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Airlines's annualized ROC % for the quarter that ended in Dec. 2025 was 0.00%. China Airlines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Airlines's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 11.57%.


China Airlines  (TPE:2610) EBIT Explanation

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

China Airlines'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 )
=0 * ( 1 - 0% )/( (324982.059 + 336061.329)/ 2 )
=0/330521.694
=0.00 %

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))
=337940.686 - 22006.762 - ( 49897.322 - max(0, 89245.303 - 80197.168+49897.322))
=324982.059

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))
=354823.917 - 27302.986 - ( 59726.558 - max(0, 95442.655 - 86902.257+59726.558))
=336061.329

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

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

China Airlines'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 )
=0/( ( (191993.349 + max(-42456.878, 0)) + (191963.806 + max(-51219.509, 0)) )/ 2 )
=0/( ( 191993.349 + 191963.806 )/ 2 )
=0/191978.5775
=0.00 %

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)
=(11152.526 + 11695.425 + 6473.437) - (22006.762 + 0 + 49771.504)
=-42456.878

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10584.581 + 11399.887 + 4303.508) - (27302.986 + 0 + 50204.499)
=-51219.509

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:

China Airlines's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=23386.389/202047.689
=11.57 %

* 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.


China Airlines EBIT Related Terms


China Airlines EBIT Historical Data

* Premium members only.

The historical data trend for China Airlines'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.

China Airlines EBIT Chart

China Airlines 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 13,534.05 5,201.55 11,913.77 22,031.77 0.00

China Airlines 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 5,959.00 6,571.36 6,043.51 4,812.52 0.00

TPE:2610 vs DAL, UAL, LUV: EBIT Comparison

For the Airlines subindustry, China Airlines'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.


China Airlines EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, China Airlines's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Airlines's EV-to-EBIT falls into.


TPE:2610
57GF Score
China Airlines Ltd TPE:2610
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Airlines 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$23,386 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$23,386 Mil mean?
China Airlines (TPE:2610) has a EBIT of NT$23,386 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Airlines.
Is China Airlines' EBIT too high?
China Airlines' current EBIT is NT$23,386 Mil. Overall, China Airlines has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Airlines' EBIT compare to DAL and UAL?
China Airlines' EBIT of NT$23,386 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 China Airlines. China Airlines's current EBIT is NT$23,386 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Airlines stock overvalued right now?
Based on GuruFocus' analysis, China Airlines (TPE:2610) is currently considered Fairly Valued. The stock's GF Value™ is NT$25.61, compared to a current price of NT$23.20 — trading 9.4% below its estimated fair value. The current EBIT is NT$23,386 Mil. China Airlines' overall GF Score™ is 57/100 with 4 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 China Airlines (TPE:2610), the current EBIT is NT$23,386 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 China Airlines (TPE:2610) Overvalued in 2026?

Based on GuruFocus' analysis, China Airlines stock appears to be undervalued. The current stock price of NT$23.20 is trading 9.4% below its estimated GF Value™ of NT$25.61. GuruFocus considers China Airlines to be Fairly Valued.

Key valuation signals for TPE:2610:

  • EBIT: NT$23,386 Mil
  • GF Value™: NT$25.61 vs. price of NT$23.20 (9.4% below fair value)
  • GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the TPE:2610 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Airlines Business Description

Address No. 1, Hangzhan South Road, Dayuan District, Taoyuan, TWN
China Airlines Ltd provides air transportation services. The company is composed of its flight and non-flight segments. The flight segment is the core business of the firm and offers transport services primarily for passengers and cargo. A vast proportion of the companies revenue is generated from transporting passengers in its flight operating unit. The non-flight segment provides various services such as mail and ground solutions, data processing services to other airlines, aircraft maintenance, and aircraft leasing. It engages in air transportation services for passengers, cargo and others. The company's geographical segments include America, Northeast Asia, Southeast Asia, Europe, Australia, China, and Domestic.
57GF Score

Get the complete analysis for TPE:2610

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

NT$23.20
Price
NT$25.61
GF Value