Taiwan Navigation Co (TPE:2617) EBIT: NT$1,930 Mil (TTM As of Dec. 2025)


TPE:2617 Taiwan Navigation Co Ltd TPE:2617
87 GF Score
Price NT$29.15
GF Value NT$33.32
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Taiwan Navigation Co EBIT?

Taiwan Navigation Co TPE:2617 -2.67% 87 EBIT is NT$1,930 Mil as of Dec. 2025. GuruFocus rates TPE:2617 with a GF Score™ of 87/100 and a GF Value™ of NT$33.32 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Taiwan Navigation Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$496 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$1,930 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Taiwan Navigation Co's annualized ROC % for the quarter that ended in Dec. 2025 was 6.53%. Taiwan Navigation Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Taiwan Navigation Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.50%.


Taiwan Navigation Co  (TPE:2617) EBIT Explanation

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

Taiwan Navigation 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 )
=1930.14 * ( 1 - 19.98% )/( (23473.001 + 23833.325)/ 2 )
=1544.498028/23653.163
=6.53 %

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))
=25580.035 - 624.71 - ( 3017.119 - max(0, 1831.836 - 3314.16+3017.119))
=23473.001

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))
=26408.554 - 704.309 - ( 3437.03 - max(0, 1877.823 - 3748.743+3437.03))
=23833.325

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

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

Taiwan Navigation 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 )
=1983.28/( ( (19457.851 + max(-407.838, 0)) + (19817.501 + max(-499.915, 0)) )/ 2 )
=1983.28/( ( 19457.851 + 19817.501 )/ 2 )
=1983.28/19637.676
=10.10 %

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)
=(98.631 + 0 + 198.41) - (624.71 + 0 + 80.169)
=-407.838

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(94.016 + 0 + 217.697) - (704.309 + 0 + 107.319)
=-499.915

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=1930.269/15440.224
=12.50 %

* 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.


Taiwan Navigation Co EBIT Related Terms


Taiwan Navigation Co EBIT Historical Data

* Premium members only.

The historical data trend for Taiwan Navigation 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.

Taiwan Navigation Co EBIT Chart

Taiwan Navigation 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 1,458.69 2,309.32 2,361.34 1,840.29 1,930.27

Taiwan Navigation 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 481.94 391.05 339.03 704.37 495.82

Taiwan Navigation Co EBIT Competitor Comparison

For the Marine Shipping subindustry, Taiwan Navigation 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.


Taiwan Navigation Co EV-to-EBIT vs Transportation Industry

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

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


TPE:2617
87GF Score
Taiwan Navigation Co Ltd TPE:2617
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Navigation 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$1,930 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$1,930 Mil mean?
Taiwan Navigation Co (TPE:2617) has a EBIT of NT$1,930 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Taiwan Navigation Co.
Is Taiwan Navigation Co's EBIT too high?
Taiwan Navigation Co's current EBIT is NT$1,930 Mil. Overall, Taiwan Navigation Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Navigation Co's EBIT compare to competitors?
Taiwan Navigation Co's EBIT of NT$1,930 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 Taiwan Navigation Co. Taiwan Navigation Co's current EBIT is NT$1,930 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Navigation Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Navigation Co (TPE:2617) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$33.32, compared to a current price of NT$29.15 — trading 12.5% below its estimated fair value. The current EBIT is NT$1,930 Mil. Taiwan Navigation Co's overall GF Score™ is 87/100 with 3 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 Taiwan Navigation Co (TPE:2617), the current EBIT is NT$1,930 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 Taiwan Navigation Co (TPE:2617) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Navigation Co stock appears to be undervalued. The current stock price of NT$29.15 is trading 12.5% below its estimated GF Value™ of NT$33.32. GuruFocus considers Taiwan Navigation Co to be Modestly Undervalued.

Key valuation signals for TPE:2617:

  • EBIT: NT$1,930 Mil
  • GF Value™: NT$33.32 vs. price of NT$29.15 (12.5% below fair value)
  • GF Score™: 87/100 with 3 warning signs

No single metric tells the full story. See the TPE:2617 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Navigation Co Business Description

Address Jinan Road, No. 29, Section 2, 2-6 Floor, Zhongzheng District, Taipei, TWN, 100023
Taiwan Navigation Co Ltd mainly engages in passenger and freight transport via water, port warehousing, aquatics and mining, and navigation channel dredging. Additionally, it acts as a shipping agency, provides tugboats, and acts as a landowner in agreements with construction companies for the use of its land for the construction of residential and commercial buildings for sale and rental. Geographically, the Group generates maximum revenue from Asia, followed by Europe and other regions.
87GF Score

Get the complete analysis for TPE:2617

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

NT$29.15
Price
NT$33.32
GF Value