Taiwan Cogeneration (TPE:8926) EBIT: NT$2,027 Mil (TTM As of Dec. 2025)


TPE:8926 Taiwan Cogeneration Corp TPE:8926
75 GF Score
Price NT$78.10
GF Value NT$43.28
Valuation Significantly Overvalued
! 12 Warning Signs
View Full Analysis

What is Taiwan Cogeneration EBIT?

Taiwan Cogeneration TPE:8926 -4.64% 75 EBIT is NT$2,027 Mil as of Dec. 2025. GuruFocus rates TPE:8926 with a GF Score™ of 75/100 and a GF Value™ of NT$43.28 (Significantly Overvalued). The stock has 12 warning signs investors should review.

Taiwan Cogeneration's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$489 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$2,027 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Taiwan Cogeneration's annualized ROC % for the quarter that ended in Dec. 2025 was 1.64%. Taiwan Cogeneration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 42.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Taiwan Cogeneration's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 2.85%.


Taiwan Cogeneration  (TPE:8926) EBIT Explanation

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

Taiwan Cogeneration'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 )
=444.512 * ( 1 - 4.15% )/( (26497.062 + 25403.44)/ 2 )
=426.064752/25950.251
=1.64 %

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))
=30537.071 - 5033.655 - ( 3292.989 - max(0, 8576.474 - 7582.828+3292.989))
=26497.062

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))
=30794.681 - 4414.26 - ( 2583.514 - max(0, 5847.312 - 6824.293+2583.514))
=25403.44

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

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

Taiwan Cogeneration'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 )
=1957.388/( ( (4297.152 + max(-4270.18, 0)) + (4839.714 + max(-3782.017, 0)) )/ 2 )
=1957.388/( ( 4297.152 + 4839.714 )/ 2 )
=1957.388/4568.433
=42.85 %

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)
=(973.658 + 8.09 + 436.493) - (5033.655 + 0 + 654.766)
=-4270.18

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1671.265 + 5.72 + 109.762) - (4414.26 + 0 + 1154.504)
=-3782.017

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:

Taiwan Cogeneration's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=2026.68/71213.040
=2.85 %

* 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.


Taiwan Cogeneration EBIT Related Terms


Taiwan Cogeneration EBIT Historical Data

* Premium members only.

The historical data trend for Taiwan Cogeneration'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.

Taiwan Cogeneration EBIT Chart

Taiwan Cogeneration 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 1,093.38 1,092.34 1,418.36 1,507.65 2,026.68

Taiwan Cogeneration 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 439.46 401.45 962.46 173.42 489.35

TPE:8926 vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, Taiwan Cogeneration'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.


Taiwan Cogeneration EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, Taiwan Cogeneration's EV-to-EBIT distribution charts can be found below:

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


TPE:8926
75GF Score
Taiwan Cogeneration Corp TPE:8926
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Cogeneration 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$2,027 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$2,027 Mil mean?
Taiwan Cogeneration (TPE:8926) has a EBIT of NT$2,027 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Taiwan Cogeneration.
Is Taiwan Cogeneration's EBIT too high?
Taiwan Cogeneration's current EBIT is NT$2,027 Mil. Overall, Taiwan Cogeneration has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Cogeneration's EBIT compare to PWR and FIX?
Taiwan Cogeneration's EBIT of NT$2,027 Mil can be compared against companies in the Construction 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 Construction company?
A good EBIT depends on the Construction 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 Taiwan Cogeneration. Taiwan Cogeneration's current EBIT is NT$2,027 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Cogeneration stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Cogeneration (TPE:8926) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$43.28, compared to a current price of NT$78.10 — trading 80.5% above its estimated fair value. The current EBIT is NT$2,027 Mil. Taiwan Cogeneration's overall GF Score™ is 75/100 with 12 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 Taiwan Cogeneration (TPE:8926), the current EBIT is NT$2,027 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 Taiwan Cogeneration (TPE:8926) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Cogeneration stock appears to be overvalued. The current stock price of NT$78.10 is trading 80.5% above its estimated GF Value™ of NT$43.28. GuruFocus considers Taiwan Cogeneration to be Significantly Overvalued.

Key valuation signals for TPE:8926:

  • EBIT: NT$2,027 Mil
  • GF Value™: NT$43.28 vs. price of NT$78.10 (80.5% above fair value)
  • GF Score™: 75/100 with 12 warning signs

No single metric tells the full story. See the TPE:8926 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Cogeneration Business Description

Address No. 392, Ruiguang Road, 6th Floor, Neihu District, Taipei, TWN, 11492
Taiwan Cogeneration Corp is engaged in engineering, planning, design, procurement, installation, construction and financial planning of cogeneration systems, environmental protection and fuel procurement for cogeneration systems and related businesses. The Corporation also operates and manages cogeneration plants, provides research and development, technical and consultation services related to cogeneration, and manufactures, assembles, sells, leases, installs and repairs cogeneration equipment. In addition, it invests in cogeneration plants, trades related equipment, engages in power generation businesses other than utility, and performs electric equipment installation. Its revenues are generated from sales from cogeneration plants and revenue from consulting and construction services.
75GF Score

Get the complete analysis for TPE:8926

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

NT$78.10
Price
NT$43.28
GF Value