Far Eastern Department Stores (TPE:2903) EBIT: NT$4,672 Mil (TTM As of Dec. 2025)


TPE:2903 Far Eastern Department Stores Ltd TPE:2903
73 GF Score
Price NT$23.15
GF Value NT$22.26
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Far Eastern Department Stores EBIT?

Far Eastern Department Stores TPE:2903 -1.07% 73 EBIT is NT$4,672 Mil as of Dec. 2025. GuruFocus rates TPE:2903 with a GF Score™ of 73/100 and a GF Value™ of NT$22.26 (Fairly Valued). The stock has 7 warning signs investors should review.

Far Eastern Department Stores's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$1,396 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$4,672 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Far Eastern Department Stores's annualized ROC % for the quarter that ended in Dec. 2025 was 3.21%. Far Eastern Department Stores's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Far Eastern Department Stores's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.53%.


Far Eastern Department Stores  (TPE:2903) EBIT Explanation

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

Far Eastern Department Stores'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 )
=5868.18 * ( 1 - 24.03% )/( (137528.406 + 140621.737)/ 2 )
=4458.056346/139075.0715
=3.21 %

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))
=134435.982 - 16435.087 - ( 17800.696 - max(0, 41984.962 - 22457.451+17800.696))
=137528.406

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))
=140551.428 - 20376.793 - ( 22875.482 - max(0, 47115.123 - 26668.021+22875.482))
=140621.737

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

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

Far Eastern Department Stores'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 )
=5582.388/( ( (83463.176 + max(-22579.268, 0)) + (84265.496 + max(-27807.527, 0)) )/ 2 )
=5582.388/( ( 83463.176 + 84265.496 )/ 2 )
=5582.388/83864.336
=6.66 %

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)
=(1166.382 + 2522.287 + 565.562) - (16435.087 + 0 + 10398.412)
=-22579.268

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(699.773 + 1918.525 + 521.355) - (20376.793 + 0 + 10570.387)
=-27807.527

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:

Far Eastern Department Stores's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=4671.544/84458.848
=5.53 %

* 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.


Far Eastern Department Stores EBIT Related Terms


Far Eastern Department Stores EBIT Historical Data

* Premium members only.

The historical data trend for Far Eastern Department Stores'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.

Far Eastern Department Stores EBIT Chart

Far Eastern Department Stores 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 3,233.26 4,378.54 6,135.90 5,112.21 4,671.54

Far Eastern Department Stores 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 1,593.76 1,183.35 1,018.27 1,074.33 1,395.60

TPE:2903 vs DDS: EBIT Comparison

For the Department Stores subindustry, Far Eastern Department Stores'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.


Far Eastern Department Stores EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Far Eastern Department Stores's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Far Eastern Department Stores's EV-to-EBIT falls into.


TPE:2903
73GF Score
Far Eastern Department Stores Ltd TPE:2903
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Far Eastern Department Stores 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$4,672 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$4,672 Mil mean?
Far Eastern Department Stores (TPE:2903) has a EBIT of NT$4,672 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Far Eastern Department Stores.
Is Far Eastern Department Stores' EBIT too high?
Far Eastern Department Stores' current EBIT is NT$4,672 Mil. Overall, Far Eastern Department Stores has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Far Eastern Department Stores' EBIT compare to DDS?
Far Eastern Department Stores' EBIT of NT$4,672 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical 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 Far Eastern Department Stores. Far Eastern Department Stores's current EBIT is NT$4,672 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Far Eastern Department Stores stock overvalued right now?
Based on GuruFocus' analysis, Far Eastern Department Stores (TPE:2903) is currently considered Fairly Valued. The stock's GF Value™ is NT$22.26, compared to a current price of NT$23.15 — trading 4% above its estimated fair value. The current EBIT is NT$4,672 Mil. Far Eastern Department Stores' overall GF Score™ is 73/100 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 Far Eastern Department Stores (TPE:2903), the current EBIT is NT$4,672 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 Far Eastern Department Stores (TPE:2903) Overvalued in 2026?

Based on GuruFocus' analysis, Far Eastern Department Stores stock appears to be overvalued. The current stock price of NT$23.15 is trading 4% above its estimated GF Value™ of NT$22.26. GuruFocus considers Far Eastern Department Stores to be Fairly Valued.

Key valuation signals for TPE:2903:

  • EBIT: NT$4,672 Mil
  • GF Value™: NT$22.26 vs. price of NT$23.15 (4% above fair value)
  • GF Score™: 73/100 with 7 warning signs

No single metric tells the full story. See the TPE:2903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Far Eastern Department Stores Business Description

Address Xinzhan Road, No. 16, 18th Floor, Banqiao District, New Taipei City, TWN, 220
Far Eastern Department Stores Ltd is a Taiwan-based company principally engaged in the operation of department stores and supermarkets. It provides a broad range of merchandise, including foods, apparel, gold and jewelry, household appliances, groceries, home furnishing products, consumer electronics, stationery goods, artworks, entertainment appliances, and sports and leisure goods. Geographically, the Group generates maximum revenue from ROC, and the rest from China.
73GF Score

Get the complete analysis for TPE:2903

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

NT$23.15
Price
NT$22.26
GF Value