Asia Optical Co (TPE:3019) EBIT: NT$2,705 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:3019 Asia Optical Co Inc TPE:3019
82 GF Score
Price NT$147.50
GF Value NT$138.18
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Asia Optical Co EBIT?

Asia Optical Co TPE:3019 +2.79% 82 EBIT is NT$2,705 Mil as of Dec. 2025. GuruFocus rates TPE:3019 with a GF Score™ of 82/100 and a GF Value™ of NT$138.18 (Fairly Valued). The stock has 1 warning sign investors should review.

Asia Optical Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$358 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$2,705 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Asia Optical Co's annualized ROC % for the quarter that ended in Dec. 2025 was 27.39%. Asia Optical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 28.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Asia Optical Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.59%.


Asia Optical Co  (TPE:3019) EBIT Explanation

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

Asia Optical 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 )
=1635.18 * ( 1 - 0% )/( (5980.069 + 5957.777)/ 2 )
=1635.18/5968.923
=27.39 %

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))
=26625.529 - 9339.676 - ( 11305.784 - max(0, 9847.865 - 22853.213+11305.784))
=5980.069

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))
=27408.122 - 9146.92 - ( 12303.425 - max(0, 9644.294 - 23388.151+12303.425))
=5957.777

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

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

Asia Optical 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 )
=1430.148/( ( (3312.204 + max(1608.184, 0)) + (3590.345 + max(1359.981, 0)) )/ 2 )
=1430.148/( ( 4920.388 + 4950.326 )/ 2 )
=1430.148/4935.357
=28.98 %

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)
=(5971.948 + 5303.143 + 160.638) - (9339.676 + 0 + 487.869)
=1608.184

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5452.011 + 5363.715 + 158.876) - (9146.92 + 0 + 467.701)
=1359.981

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=2704.905/31480.540
=8.59 %

* 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.


Asia Optical Co EBIT Related Terms


Asia Optical Co EBIT Historical Data

* Premium members only.

The historical data trend for Asia Optical 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.

Asia Optical Co EBIT Chart

Asia Optical 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 2,088.77 1,720.69 1,321.17 2,486.79 2,704.91

Asia Optical 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 738.95 416.18 1,098.58 832.61 357.54

TPE:3019 vs APH, GLW: EBIT Comparison

For the Electronic Components subindustry, Asia Optical 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.


Asia Optical Co EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, Asia Optical Co's EV-to-EBIT distribution charts can be found below:

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


TPE:3019
82GF Score
Asia Optical Co Inc TPE:3019
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Optical 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$2,705 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$2,705 Mil mean?
Asia Optical Co (TPE:3019) has a EBIT of NT$2,705 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Asia Optical Co.
Is Asia Optical Co's EBIT too high?
Asia Optical Co's current EBIT is NT$2,705 Mil. Overall, Asia Optical Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Optical Co's EBIT compare to APH and GLW?
Asia Optical Co's EBIT of NT$2,705 Mil can be compared against companies in the Hardware 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 Hardware company?
A good EBIT depends on the Hardware 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 Asia Optical Co. Asia Optical Co's current EBIT is NT$2,705 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Optical Co stock overvalued right now?
Based on GuruFocus' analysis, Asia Optical Co (TPE:3019) is currently considered Fairly Valued. The stock's GF Value™ is NT$138.18, compared to a current price of NT$147.50 — trading 6.7% above its estimated fair value. The current EBIT is NT$2,705 Mil. Asia Optical Co's overall GF Score™ is 82/100 with 1 warning sign 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 Asia Optical Co (TPE:3019), the current EBIT is NT$2,705 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 Asia Optical Co (TPE:3019) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Optical Co stock appears to be overvalued. The current stock price of NT$147.50 is trading 6.7% above its estimated GF Value™ of NT$138.18. GuruFocus considers Asia Optical Co to be Fairly Valued.

Key valuation signals for TPE:3019:

  • EBIT: NT$2,705 Mil
  • GF Value™: NT$138.18 vs. price of NT$147.50 (6.7% above fair value)
  • GF Score™: 82/100 with 1 warning sign

No single metric tells the full story. See the TPE:3019 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asia Optical Co Business Description

Address No. 22-3, South 2nd Road, Tanzi District, Taichung, TWN, 427058
Asia Optical Co Inc is engaged in the manufacturing and sale of cameras, rangefinders, riflescopes, photocopier lens, scanner lens and optical components. The companies reportable segments included optical components, contact image sensor modules, optronics components, optronics products and digital camera. The majority of the revenue is generated from optical components. The company operates in two principal geographical areas Asia and America.
82GF Score

Get the complete analysis for TPE:3019

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

NT$147.50
Price
NT$138.18
GF Value