Capital Securities (TPE:6005) EBIT: NT$9,971 Mil (TTM As of Dec. 2025)


TPE:6005 Capital Securities Corp TPE:6005
79 GF Score
Price NT$38.80
GF Value NT$31.80
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Capital Securities EBIT?

Capital Securities TPE:6005 +0.65% 79 EBIT is NT$9,971 Mil as of Dec. 2025. GuruFocus rates TPE:6005 with a GF Score™ of 79/100 and a GF Value™ of NT$31.80 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Capital Securities's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$2,808 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$9,971 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Capital Securities's annualized ROC % for the quarter that ended in Dec. 2025 was 6.31%. Capital Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 333.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Capital Securities's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 11.97%.

Capital Securities  (TPE:6005) EBIT Explanation

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

Capital Securities'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 )
=21572.804 * ( 1 - 16.2% )/( (276983.864 + 296360.41)/ 2 )
=18078.009752/286672.137
=6.31 %

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))
=333085.689 - 22904.265 - ( 115558.696 - max(0, 274784.378 - 307981.938+115558.696))
=276983.864

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))
=357399.676 - 27977.226 - ( 132608.26 - max(0, 298741.767 - 331803.807+132608.26))
=296360.41

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

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

Capital Securities'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 )
=11230.46/( ( (3352.04 + max(-36847.42, 0)) + (3388.699 + max(-35160.036, 0)) )/ 2 )
=11230.46/( ( 3352.04 + 3388.699 )/ 2 )
=11230.46/3370.3695
=333.21 %

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)
=(24645.745 + 0 + 118660.706) - (22904.265 + 0 + 157249.606)
=-36847.42

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(25984.058 + 0 + 116915.617) - (27977.226 + 0 + 150082.485)
=-35160.036

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:

Capital Securities's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=9971.251/83273.941
=11.97 %

* 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.

Capital Securities EBIT Related Terms

Capital Securities EBIT Historical Data

* Premium members only.

The historical data trend for Capital Securities'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.

Capital Securities EBIT Chart

Capital Securities 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 6,423.04 2,427.13 7,021.98 9,487.78 9,971.25

Capital Securities 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 2,240.34 1,910.48 2,225.35 3,027.81 2,807.62

TPE:6005 vs MS, GS, SCHW: EBIT Comparison

For the Capital Markets subindustry, Capital Securities'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.

Capital Securities EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Capital Securities's EV-to-EBIT distribution charts can be found below:

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


TPE:6005
79GF Score
Capital Securities Corp TPE:6005
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Capital Securities 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$9,971 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$9,971 Mil mean?
Capital Securities (TPE:6005) has a EBIT of NT$9,971 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Capital Securities.
Is Capital Securities' EBIT too high?
Capital Securities' current EBIT is NT$9,971 Mil. Overall, Capital Securities has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Securities' EBIT compare to MS and GS?
Capital Securities' EBIT of NT$9,971 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good EBIT depends on the Capital Markets 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 Capital Securities. Capital Securities's current EBIT is NT$9,971 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Securities stock overvalued right now?
Based on GuruFocus' analysis, Capital Securities (TPE:6005) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$31.80, compared to a current price of NT$38.80 — trading 22% above its estimated fair value. The current EBIT is NT$9,971 Mil. Capital Securities' overall GF Score™ is 79/100 with 8 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 Capital Securities (TPE:6005), the current EBIT is NT$9,971 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 Capital Securities (TPE:6005) Overvalued in 2026?

Based on GuruFocus' analysis, Capital Securities stock appears to be overvalued. The current stock price of NT$38.80 is trading 22% above its estimated GF Value™ of NT$31.80. GuruFocus considers Capital Securities to be Modestly Overvalued.

Key valuation signals for TPE:6005:

  • EBIT: NT$9,971 Mil
  • GF Value™: NT$31.80 vs. price of NT$38.80 (22% above fair value)
  • GF Score™: 79/100 with 8 warning signs

No single metric tells the full story. See the TPE:6005 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Capital Securities Business Description

Address No. 156, Minsheng East Road, 11th Floor, Section 3, Songshan District, Taipei, TWN, 10596
Capital Securities Corp is a Taiwan-based securities company engaged in brokerage, underwriting, proprietary trading, and derivatives businesses. It operates in segments such as the Brokerage segment, which is engaged in brokerage trading, margin trading, and securities lending business. Corporate financing segment: Engaged in providing advisory on initial public offering or to register on the emerging or listed market, securities underwriting and sales, corporate finance, mergers and acquisitions. Dealing segment: Engaged in trading securities and related listed stock instruments on a proprietary basis. Derivative instrument segment: Engaged in the investment, consultancy, and issuance of derivative instruments. Futures: Engaged in the business of domestic futures brokerage services.
79GF Score

Get the complete analysis for TPE:6005

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

NT$38.80
Price
NT$31.80
GF Value