Mercuries & Associates (TPE:2905) EBIT: NT$1,533 Mil (TTM As of Dec. 2025)


TPE:2905 Mercuries & Associates Ltd TPE:2905
68 GF Score
Price NT$14.80
GF Value NT$11.77
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Mercuries & Associates EBIT?

Mercuries & Associates TPE:2905 -1.33% 68 EBIT is NT$1,533 Mil as of Dec. 2025. GuruFocus rates TPE:2905 with a GF Score™ of 68/100 and a GF Value™ of NT$11.77 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Mercuries & Associates's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$328 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$1,533 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mercuries & Associates's annualized ROC % for the quarter that ended in Dec. 2025 was -0.36%. Mercuries & Associates's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mercuries & Associates's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 11.13%.


Mercuries & Associates  (TPE:2905) EBIT Explanation

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

Mercuries & Associates'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 )
=-5562.832 * ( 1 - 0% )/( (1535478.173 + 1597047.175)/ 2 )
=-5562.832/1566262.674
=-0.36 %

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))
=1627836.769 - 9624.919 - ( 82733.677 - max(0, 18977.781 - 176386.394+82733.677))
=1535478.173

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))
=1691705.033 - 14431.478 - ( 80226.38 - max(0, 22138.076 - 173049.054+80226.38))
=1597047.175

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

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

Mercuries & Associates'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 )
=1313.192/( ( (25183.262 + max(2014.042, 0)) + (25623.748 + max(-5302.221, 0)) )/ 2 )
=1313.192/( ( 27197.304 + 25623.748 )/ 2 )
=1313.192/26410.526
=4.97 %

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)
=(934.515 + 6765.693 + 7404.084) - (9624.919 + 0 + 3465.331)
=2014.042

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1107.303 + 5979.651 + 5875.666) - (14431.478 + 0 + 3833.363)
=-5302.221

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:

Mercuries & Associates's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=1533.342/13780.179
=11.13 %

* 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.


Mercuries & Associates EBIT Related Terms


Mercuries & Associates EBIT Historical Data

* Premium members only.

The historical data trend for Mercuries & Associates'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.

Mercuries & Associates EBIT Chart

Mercuries & Associates 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 756.54 -13,584.20 -11,493.13 1,634.09 1,533.34

Mercuries & Associates 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 -457.86 258.39 -434.89 1,381.55 328.30

TPE:2905 vs AFL, MET, PRU: EBIT Comparison

For the Insurance - Life subindustry, Mercuries & Associates'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.


Mercuries & Associates EV-to-EBIT vs Insurance Industry

For the Insurance industry and Financial Services sector, Mercuries & Associates's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mercuries & Associates's EV-to-EBIT falls into.


TPE:2905
68GF Score
Mercuries & Associates Ltd TPE:2905
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Mercuries & Associates 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$1,533 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$1,533 Mil mean?
Mercuries & Associates (TPE:2905) has a EBIT of NT$1,533 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mercuries & Associates.
Is Mercuries & Associates' EBIT too high?
Mercuries & Associates' current EBIT is NT$1,533 Mil. Overall, Mercuries & Associates has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercuries & Associates' EBIT compare to AFL and MET?
Mercuries & Associates' EBIT of NT$1,533 Mil can be compared against companies in the Insurance 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 an Insurance company?
A good EBIT depends on the Insurance 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 Mercuries & Associates. Mercuries & Associates's current EBIT is NT$1,533 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercuries & Associates stock overvalued right now?
Based on GuruFocus' analysis, Mercuries & Associates (TPE:2905) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$11.77, compared to a current price of NT$14.80 — trading 25.7% above its estimated fair value. The current EBIT is NT$1,533 Mil. Mercuries & Associates' overall GF Score™ is 68/100 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 Mercuries & Associates (TPE:2905), the current EBIT is NT$1,533 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 Mercuries & Associates (TPE:2905) Overvalued in 2026?

Based on GuruFocus' analysis, Mercuries & Associates stock appears to be overvalued. The current stock price of NT$14.80 is trading 25.7% above its estimated GF Value™ of NT$11.77. GuruFocus considers Mercuries & Associates to be Modestly Overvalued.

Key valuation signals for TPE:2905:

  • EBIT: NT$1,533 Mil
  • GF Value™: NT$11.77 vs. price of NT$14.80 (25.7% above fair value)
  • GF Score™: 68/100 with 7 warning signs

No single metric tells the full story. See the TPE:2905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercuries & Associates Business Description

Address No. 145, Section 2, Chien Kuo North Road, Taipei, TWN
Mercuries & Associates Ltd is mainly engaged in finance and investment. The company is engaged in diversified businesses such as insurance, food and beverage, pharmaceutical, and IT integration. The segment of the company include Life insurance, Retail, Food and beverage, Food, IT service, Pharmaceutical, and Others. The company derives maximum revenue from the Life Insurance segment. Geographically, the company operates in domestic regions only.
68GF Score

Get the complete analysis for TPE:2905

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

NT$14.80
Price
NT$11.77
GF Value