Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) EBIT: NT$253 Mil (TTM As of Mar. 2026)


TPE:9110 Vietnam Manufacturing and Export Processing (Holdings) Ltd TPE:9110
54 GF Score
Price NT$3.30
GF Value NT$5.27
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Vietnam Manufacturing and Export Processing (Holdings) EBIT?

Vietnam Manufacturing and Export Processing (Holdings) TPE:9110 54 EBIT is NT$253 Mil as of Mar. 2026. GuruFocus rates TPE:9110 with a GF Score™ of 54/100 and a GF Value™ of NT$5.27 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Vietnam Manufacturing and Export Processing (Holdings)'s earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was NT$12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was NT$253 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vietnam Manufacturing and Export Processing (Holdings)'s annualized ROC % for the quarter that ended in Mar. 2026 was -6.36%. Vietnam Manufacturing and Export Processing (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vietnam Manufacturing and Export Processing (Holdings)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 81.40%.

Vietnam Manufacturing and Export Processing (Holdings)  (TPE:9110) EBIT Explanation

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

Vietnam Manufacturing and Export Processing (Holdings)'s annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-70.24 * ( 1 - 0% )/( (1358.903 + 851.567)/ 2 )
=-70.24/1105.235
=-6.36 %

where

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))
=3252.738 - 481.665 - ( 1847.152 - max(0, 1710.989 - 3123.159+1847.152))
=1358.903

Invested Capital(Q: Mar. 2026 )
=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))
=2683.709 - 410.294 - ( 1421.848 - max(0, 1127.943 - 2552.755+1421.848))
=851.567

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Vietnam Manufacturing and Export Processing (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=47.552/( ( (0 + max(447.366, 0)) + (0 + max(720.613, 0)) )/ 2 )
=47.552/( ( 447.366 + 720.613 )/ 2 )
=47.552/583.9895
=8.14 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(318.038 + 661.377 + 13.042) - (481.665 + 0 + 63.426)
=447.366

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(564.8 + 565.533 + 0.57400000000007) - (410.294 + 0 + 0)
=720.613

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Vietnam Manufacturing and Export Processing (Holdings)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=253.376/311.271
=81.40 %

* 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.

Vietnam Manufacturing and Export Processing (Holdings) EBIT Related Terms

Vietnam Manufacturing and Export Processing (Holdings) EBIT Historical Data

* Premium members only.

The historical data trend for Vietnam Manufacturing and Export Processing (Holdings)'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.

Vietnam Manufacturing and Export Processing (Holdings) EBIT Chart

Vietnam Manufacturing and Export Processing (Holdings) 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 -128.17 42.18 135.51 -56.91 282.30

Vietnam Manufacturing and Export Processing (Holdings) Quarterly Data
Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 43.07 -8.38 10.87 239.00 11.89

TPE:9110 vs BC, THO, PII: EBIT Comparison

For the Recreational Vehicles subindustry, Vietnam Manufacturing and Export Processing (Holdings)'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.

Vietnam Manufacturing and Export Processing (Holdings) EV-to-EBIT vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Vietnam Manufacturing and Export Processing (Holdings)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vietnam Manufacturing and Export Processing (Holdings)'s EV-to-EBIT falls into.


TPE:9110
54GF Score
Vietnam Manufacturing and Export Processing (Holdings) Ltd TPE:9110
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vietnam Manufacturing and Export Processing (Holdings) 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$253 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$253 Mil mean?
Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) has a EBIT of NT$253 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Vietnam Manufacturing and Export Processing (Holdings).
Is Vietnam Manufacturing and Export Processing (Holdings)'s EBIT too high?
Vietnam Manufacturing and Export Processing (Holdings)'s current EBIT is NT$253 Mil. Overall, Vietnam Manufacturing and Export Processing (Holdings) has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vietnam Manufacturing and Export Processing (Holdings)'s EBIT compare to BC and THO?
Vietnam Manufacturing and Export Processing (Holdings)'s EBIT of NT$253 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts 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 Vietnam Manufacturing and Export Processing (Holdings). Vietnam Manufacturing and Export Processing (Holdings)'s current EBIT is NT$253 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vietnam Manufacturing and Export Processing (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$5.27, compared to a current price of NT$3.30 — trading 37.4% below its estimated fair value. The current EBIT is NT$253 Mil. Vietnam Manufacturing and Export Processing (Holdings)'s overall GF Score™ is 54/100 with 3 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 Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110), the current EBIT is NT$253 Mil as of Mar. 2026. 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 Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) Overvalued in 2026?

Based on GuruFocus' analysis, Vietnam Manufacturing and Export Processing (Holdings) stock appears to be undervalued. The current stock price of NT$3.30 is trading 37.4% below its estimated GF Value™ of NT$5.27. GuruFocus considers Vietnam Manufacturing and Export Processing (Holdings) to be Significantly Undervalued.

Key valuation signals for TPE:9110:

  • EBIT: NT$253 Mil
  • GF Value™: NT$5.27 vs. price of NT$3.30 (37.4% below fair value)
  • GF Score™: 54/100 with 3 warning signs

No single metric tells the full story. See the TPE:9110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Vietnam Manufacturing and Export Processing (Holdings) Business Description

Other Exchanges 00422:Hong Kong
Address Section 5, Tam Hiep Ward, Dong Nai, Bien Hoa, VNM
Vietnam Manufacturing and Export Processing (Holdings) Ltd is engaged in manufacturing and sales of motorbikes, and related spare parts and engines. Its segments include Manufacturing and sale of motorbikes segment that includes motorbikes manufactured for the Vietnamese market and exports it to other countries including Malaysia, the Philippines, Thailand, Italy, Greece, United Arab Emirates and Singapore; and Manufacturing; and Sale of spare parts and engines segment manufactures engines for use in the group's motorbikes, while the group also exports engines to third parties. It manufactures parts for use in repair servicing and product assembly. Geographically, it operates in Vietnam, Malaysia, Philippines, United Arab Emirates, Greece, Thailand, Italy, Singapore, and Other Countries.
54GF Score

Get the complete analysis for TPE:9110

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

NT$3.30
Price
NT$5.27
GF Value