Cleanaway Co (TPE:8422) EBIT: NT$2,022 Mil (TTM As of Dec. 2025)


TPE:8422 Cleanaway Co Ltd TPE:8422
81 GF Score
Price NT$28.25
GF Value NT$16.54
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Cleanaway Co EBIT?

Cleanaway Co TPE:8422 -1.40% 81 EBIT is NT$2,022 Mil as of Dec. 2025. GuruFocus rates TPE:8422 with a GF Score™ of 81/100 and a GF Value™ of NT$16.54 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Cleanaway Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$391 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$2,022 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cleanaway Co's annualized ROC % for the quarter that ended in Dec. 2025 was 6.01%. Cleanaway Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cleanaway Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.95%.


Cleanaway Co  (TPE:8422) EBIT Explanation

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

Cleanaway 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 )
=1397.912 * ( 1 - 20.14% )/( (19037.959 + 18137.616)/ 2 )
=1116.3725232/18587.7875
=6.01 %

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))
=21583.001 - 1538.846 - ( 2293.931 - max(0, 3981.085 - 4987.281+2293.931))
=19037.959

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))
=22291.186 - 1467.495 - ( 3375.566 - max(0, 2401.964 - 5088.039+3375.566))
=18137.616

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

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

Cleanaway 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 )
=1563.852/( ( (14703.315 + max(303.527, 0)) + (15243.768 + max(-231.386, 0)) )/ 2 )
=1563.852/( ( 15006.842 + 15243.768 )/ 2 )
=1563.852/15125.305
=10.34 %

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)
=(1339.632 + 59.752 + 500.746) - (1538.846 + 0 + 57.757)
=303.527

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(776.184 + 49.026 + 479.738) - (1467.495 + 0 + 68.839)
=-231.386

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=2022.251/40860.785
=4.95 %

* 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.


Cleanaway Co EBIT Related Terms


Cleanaway Co EBIT Historical Data

* Premium members only.

The historical data trend for Cleanaway 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.

Cleanaway Co EBIT Chart

Cleanaway 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 1,475.39 1,735.46 1,348.91 1,638.93 2,022.25

Cleanaway 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 517.76 631.22 608.85 391.22 390.96

TPE:8422 vs WM, RSG, WCN: EBIT Comparison

For the Waste Management subindustry, Cleanaway 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.


Cleanaway Co EV-to-EBIT vs Waste Management Industry

For the Waste Management industry and Industrials sector, Cleanaway Co's EV-to-EBIT distribution charts can be found below:

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


TPE:8422
81GF Score
Cleanaway Co Ltd TPE:8422
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Cleanaway 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$2,022 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$2,022 Mil mean?
Cleanaway Co (TPE:8422) has a EBIT of NT$2,022 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cleanaway Co.
Is Cleanaway Co's EBIT too high?
Cleanaway Co's current EBIT is NT$2,022 Mil. Overall, Cleanaway Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cleanaway Co's EBIT compare to WM and RSG?
Cleanaway Co's EBIT of NT$2,022 Mil can be compared against companies in the Waste Management 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 Waste Management company?
A good EBIT depends on the Waste Management 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 Cleanaway Co. Cleanaway Co's current EBIT is NT$2,022 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleanaway Co stock overvalued right now?
Based on GuruFocus' analysis, Cleanaway Co (TPE:8422) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$16.54, compared to a current price of NT$28.25 — trading 70.8% above its estimated fair value. The current EBIT is NT$2,022 Mil. Cleanaway Co's overall GF Score™ is 81/100 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 Cleanaway Co (TPE:8422), the current EBIT is NT$2,022 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 Cleanaway Co (TPE:8422) Overvalued in 2026?

Based on GuruFocus' analysis, Cleanaway Co stock appears to be overvalued. The current stock price of NT$28.25 is trading 70.8% above its estimated GF Value™ of NT$16.54. GuruFocus considers Cleanaway Co to be Significantly Overvalued.

Key valuation signals for TPE:8422:

  • EBIT: NT$2,022 Mil
  • GF Value™: NT$16.54 vs. price of NT$28.25 (70.8% above fair value)
  • GF Score™: 81/100 with 8 warning signs

No single metric tells the full story. See the TPE:8422 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cleanaway Co Business Description

Address No. 308, Zhongshan South Road, 1st Floor, Houhong Village, Gangshan District, Kaohsiung, TWN, 820
Cleanaway Co Ltd is a Taiwan-based environmental protection and waste management company engaged in the treatment, recycling, transportation, and disposal of industrial and hazardous waste. The company operates through eight reportable segments: Solidification and Excavation, Landfill, Clean-up and Transport, China Operations, Investment, Paper Manufacturing, Power Sales, and Ready-Mixed Concrete. Its services include intermediate treatment of hazardous industrial waste, landfill operations, contaminated site remediation, waste removal and transportation, and environmental protection services. The company also manufactures paper products, sells renewable energy generated from solar power, and produces ready-mixed concrete.
81GF Score

Get the complete analysis for TPE:8422

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

NT$28.25
Price
NT$16.54
GF Value