Forest Water Environmental Eng'g Co (TPE:8473) EBIT: NT$931 Mil (TTM As of Dec. 2025)


TPE:8473 Forest Water Environmental Eng'g Co Ltd TPE:8473
80 GF Score
Price NT$48.10
GF Value NT$41.92
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Forest Water Environmental Eng'g Co EBIT?

Forest Water Environmental Eng'g Co TPE:8473 -3.02% 80 EBIT is NT$931 Mil as of Dec. 2025. GuruFocus rates TPE:8473 with a GF Score™ of 80/100 and a GF Value™ of NT$41.92 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Forest Water Environmental Eng'g Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$254 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$931 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forest Water Environmental Eng'g Co's annualized ROC % for the quarter that ended in Dec. 2025 was 5.49%. Forest Water Environmental Eng'g Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 143.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forest Water Environmental Eng'g Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.32%.

Forest Water Environmental Eng'g Co  (TPE:8473) EBIT Explanation

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

Forest Water Environmental Eng'g 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 )
=1026.996 * ( 1 - 32.51% )/( (12524.309 + 12720.191)/ 2 )
=693.1196004/12622.25
=5.49 %

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))
=16164.628 - 1579.119 - ( 3666.177 - max(0, 4571.931 - 6633.131+3666.177))
=12524.309

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))
=16691.998 - 1789.303 - ( 4481.61 - max(0, 5053.454 - 7235.958+4481.61))
=12720.191

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

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

Forest Water Environmental Eng'g 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 )
=1014.28/( ( (705.856 + max(-217.102, 0)) + (710.84 + max(-998.907, 0)) )/ 2 )
=1014.28/( ( 705.856 + 710.84 )/ 2 )
=1014.28/708.348
=143.19 %

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)
=(1526.114 + 0 + 154.003) - (1579.119 + 0 + 318.1)
=-217.102

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1201.243 + 0 + 140.088) - (1789.303 + 0 + 550.935)
=-998.907

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:

Forest Water Environmental Eng'g Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=931.099/11189.066
=8.32 %

* 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.

Forest Water Environmental Eng'g Co EBIT Related Terms

Forest Water Environmental Eng'g Co EBIT Historical Data

* Premium members only.

The historical data trend for Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g Co EBIT Chart

Forest Water Environmental Eng'g 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 655.57 12.78 452.56 585.59 931.10

Forest Water Environmental Eng'g 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 120.72 278.32 209.40 189.81 253.57

TPE:8473 vs WM, RSG, WCN: EBIT Comparison

For the Waste Management subindustry, Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g Co EV-to-EBIT vs Waste Management Industry

For the Waste Management industry and Industrials sector, Forest Water Environmental Eng'g Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Forest Water Environmental Eng'g Co's EV-to-EBIT falls into.


TPE:8473
80GF Score
Forest Water Environmental Eng'g Co Ltd TPE:8473
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Forest Water Environmental Eng'g 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$931 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$931 Mil mean?
Forest Water Environmental Eng'g Co (TPE:8473) has a EBIT of NT$931 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Forest Water Environmental Eng'g Co.
Is Forest Water Environmental Eng'g Co's EBIT too high?
Forest Water Environmental Eng'g Co's current EBIT is NT$931 Mil. Overall, Forest Water Environmental Eng'g Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forest Water Environmental Eng'g Co's EBIT compare to WM and RSG?
Forest Water Environmental Eng'g Co's EBIT of NT$931 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 Forest Water Environmental Eng'g Co. Forest Water Environmental Eng'g Co's current EBIT is NT$931 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forest Water Environmental Eng'g Co stock overvalued right now?
Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co (TPE:8473) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$41.92, compared to a current price of NT$48.10 — trading 14.7% above its estimated fair value. The current EBIT is NT$931 Mil. Forest Water Environmental Eng'g Co's overall GF Score™ is 80/100 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 Forest Water Environmental Eng'g Co (TPE:8473), the current EBIT is NT$931 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 Forest Water Environmental Eng'g Co (TPE:8473) Overvalued in 2026?

Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co stock appears to be overvalued. The current stock price of NT$48.10 is trading 14.7% above its estimated GF Value™ of NT$41.92. GuruFocus considers Forest Water Environmental Eng'g Co to be Modestly Overvalued.

Key valuation signals for TPE:8473:

  • EBIT: NT$931 Mil
  • GF Value™: NT$41.92 vs. price of NT$48.10 (14.7% above fair value)
  • GF Score™: 80/100 with 7 warning signs

No single metric tells the full story. See the TPE:8473 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Forest Water Environmental Eng'g Co Business Description

Address Number 99 Jilin Road, 3rd Floor, Zhongshan District, Taipei, TWN
Forest Water Environmental Eng'g Co Ltd is engaged includes engineering projects for environmental protection, sewage treatment, waste treatment and recycling, and the recycling and decomposition of compostable food waste. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.
80GF Score

Get the complete analysis for TPE:8473

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

NT$48.10
Price
NT$41.92
GF Value