Shin Shin Natural Gas Co (TPE:9918) EBIT: NT$357 Mil (TTM As of Dec. 2025)


TPE:9918 Shin Shin Natural Gas Co Ltd TPE:9918
84 GF Score
Price NT$43.20
GF Value NT$42.87
Valuation Fairly Valued
! 2 Warning Signs
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What is Shin Shin Natural Gas Co EBIT?

Shin Shin Natural Gas Co TPE:9918 -0.35% 84 EBIT is NT$357 Mil as of Dec. 2025. GuruFocus rates TPE:9918 with a GF Score™ of 84/100 and a GF Value™ of NT$42.87 (Fairly Valued). The stock has 2 warning signs investors should review.

Shin Shin Natural Gas Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$63 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$357 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shin Shin Natural Gas Co's annualized ROC % for the quarter that ended in Dec. 2025 was 2.20%. Shin Shin Natural Gas Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shin Shin Natural Gas Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.97%.


Shin Shin Natural Gas Co  (TPE:9918) EBIT Explanation

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

Shin Shin Natural Gas 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 )
=114.244 * ( 1 - 13.43% )/( (4474.513 + 4519.041)/ 2 )
=98.9010308/4496.777
=2.20 %

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))
=5783.852 - 275.558 - ( 1730.611 - max(0, 993.473 - 2027.254+1730.611))
=4474.513

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))
=5863.758 - 336.721 - ( 1767.341 - max(0, 1032.526 - 2040.522+1767.341))
=4519.041

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

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

Shin Shin Natural Gas 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 )
=250.02/( ( (3350.82 + max(-663.114, 0)) + (3438.361 + max(-731.719, 0)) )/ 2 )
=250.02/( ( 3350.82 + 3438.361 )/ 2 )
=250.02/3394.5905
=7.37 %

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)
=(171.046 + 90.279 + 25.035) - (275.558 + 0 + 673.916)
=-663.114

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(171.236 + 81.333 + 15.303) - (336.721 + 0 + 662.87)
=-731.719

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=357.285/5983.481
=5.97 %

* 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.


Shin Shin Natural Gas Co EBIT Related Terms


Shin Shin Natural Gas Co EBIT Historical Data

* Premium members only.

The historical data trend for Shin Shin Natural Gas 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.

Shin Shin Natural Gas Co EBIT Chart

Shin Shin Natural Gas 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 398.99 213.58 417.12 468.46 357.29

Shin Shin Natural Gas 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 91.59 130.08 66.23 98.47 62.51

TPE:9918 vs ATO, NI, UGI: EBIT Comparison

For the Utilities - Regulated Gas subindustry, Shin Shin Natural Gas 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.


Shin Shin Natural Gas Co EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shin Shin Natural Gas Co's EV-to-EBIT distribution charts can be found below:

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


TPE:9918
84GF Score
Shin Shin Natural Gas Co Ltd TPE:9918
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Shin Shin Natural Gas 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$357 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$357 Mil mean?
Shin Shin Natural Gas Co (TPE:9918) has a EBIT of NT$357 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Shin Shin Natural Gas Co.
Is Shin Shin Natural Gas Co's EBIT too high?
Shin Shin Natural Gas Co's current EBIT is NT$357 Mil. Overall, Shin Shin Natural Gas Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shin Shin Natural Gas Co's EBIT compare to ATO and NI?
Shin Shin Natural Gas Co's EBIT of NT$357 Mil can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good EBIT depends on the Utilities - Regulated 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 Shin Shin Natural Gas Co. Shin Shin Natural Gas Co's current EBIT is NT$357 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Shin Natural Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Shin Shin Natural Gas Co (TPE:9918) is currently considered Fairly Valued. The stock's GF Value™ is NT$42.87, compared to a current price of NT$43.20 — trading 0.8% above its estimated fair value. The current EBIT is NT$357 Mil. Shin Shin Natural Gas Co's overall GF Score™ is 84/100 with 2 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 Shin Shin Natural Gas Co (TPE:9918), the current EBIT is NT$357 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 Shin Shin Natural Gas Co (TPE:9918) Overvalued in 2026?

Based on GuruFocus' analysis, Shin Shin Natural Gas Co stock appears to be overvalued. The current stock price of NT$43.20 is trading 0.8% above its estimated GF Value™ of NT$42.87. GuruFocus considers Shin Shin Natural Gas Co to be Fairly Valued.

Key valuation signals for TPE:9918:

  • EBIT: NT$357 Mil
  • GF Value™: NT$42.87 vs. price of NT$43.20 (0.8% above fair value)
  • GF Score™: 84/100 with 2 warning signs

No single metric tells the full story. See the TPE:9918 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin Shin Natural Gas Co Business Description

Address No. 100, Section 1, Yonghe Road, Yonghe District, Taipei, TWN
Shin Shin Natural Gas Co Ltd is a Taiwan-based company engaged in the transmission of combustible natural gas by pipeline for non-industrial fuel supply, the installation of gas pipeline construction, and other related natural gas industry and affiliated businesses. The company mainly operates in two segments which are the Gas sales segment mainly responsible for the supply of natural gas to customers through pipelines and the Installation segment mainly responsible for the installation of natural gas transmission pipelines and gas safety equipment.
84GF Score

Get the complete analysis for TPE:9918

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

NT$43.20
Price
NT$42.87
GF Value