Hsin Kao Gas Co (TPE:9931) EBIT: NT$373 Mil (TTM As of Dec. 2025)


TPE:9931 Hsin Kao Gas Co Ltd TPE:9931
82 GF Score
Price NT$34.80
GF Value NT$37.60
Valuation Fairly Valued
! 4 Warning Signs
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What is Hsin Kao Gas Co EBIT?

Hsin Kao Gas Co TPE:9931 +0.14% 82 EBIT is NT$373 Mil as of Dec. 2025. GuruFocus rates TPE:9931 with a GF Score™ of 82/100 and a GF Value™ of NT$37.60 (Fairly Valued). The stock has 4 warning signs investors should review.

Hsin Kao Gas Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$82 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$373 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hsin Kao Gas Co's annualized ROC % for the quarter that ended in Dec. 2025 was 2.51%. Hsin Kao Gas Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hsin Kao Gas Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.33%.


Hsin Kao Gas Co  (TPE:9931) EBIT Explanation

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

Hsin Kao 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 )
=173.768 * ( 1 - 9.53% )/( (6244.008 + 6283.458)/ 2 )
=157.2079096/6263.733
=2.51 %

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))
=6494.225 - 318.105 - ( 1353.612 - max(0, 2210.829 - 2142.941+1353.612))
=6244.008

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))
=6706.935 - 358.148 - ( 1523.296 - max(0, 2226.043 - 2291.372+1523.296))
=6283.458

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

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

Hsin Kao 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 )
=326.84/( ( (3516.657 + max(-1184.217, 0)) + (3522.38 + max(-1227.797, 0)) )/ 2 )
=326.84/( ( 3516.657 + 3522.38 )/ 2 )
=326.84/3519.5185
=9.29 %

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)
=(134.394 + 559.947 + 48.82) - (318.105 + 0 + 1609.273)
=-1184.217

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(132.526 + 556.496 + 25.697) - (358.148 + 0 + 1584.368)
=-1227.797

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=373.044/3026.309
=12.33 %

* 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.


Hsin Kao Gas Co EBIT Related Terms


Hsin Kao Gas Co EBIT Historical Data

* Premium members only.

The historical data trend for Hsin Kao 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.

Hsin Kao Gas Co EBIT Chart

Hsin Kao 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 291.16 220.59 217.94 429.51 373.04

Hsin Kao 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 120.88 117.70 61.76 111.88 81.71

TPE:9931 vs ATO, NI, UGI: EBIT Comparison

For the Utilities - Regulated Gas subindustry, Hsin Kao 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.


Hsin Kao Gas Co EV-to-EBIT vs Utilities - Regulated Industry

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

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


TPE:9931
82GF Score
Hsin Kao Gas Co Ltd TPE:9931
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Hsin Kao 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$373 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$373 Mil mean?
Hsin Kao Gas Co (TPE:9931) has a EBIT of NT$373 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hsin Kao Gas Co.
Is Hsin Kao Gas Co's EBIT too high?
Hsin Kao Gas Co's current EBIT is NT$373 Mil. Overall, Hsin Kao Gas Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hsin Kao Gas Co's EBIT compare to ATO and NI?
Hsin Kao Gas Co's EBIT of NT$373 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 Hsin Kao Gas Co. Hsin Kao Gas Co's current EBIT is NT$373 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsin Kao Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hsin Kao Gas Co (TPE:9931) is currently considered Fairly Valued. The stock's GF Value™ is NT$37.60, compared to a current price of NT$34.80 — trading 7.4% below its estimated fair value. The current EBIT is NT$373 Mil. Hsin Kao Gas Co's overall GF Score™ is 82/100 with 4 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 Hsin Kao Gas Co (TPE:9931), the current EBIT is NT$373 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 Hsin Kao Gas Co (TPE:9931) Overvalued in 2026?

Based on GuruFocus' analysis, Hsin Kao Gas Co stock appears to be undervalued. The current stock price of NT$34.80 is trading 7.4% below its estimated GF Value™ of NT$37.60. GuruFocus considers Hsin Kao Gas Co to be Fairly Valued.

Key valuation signals for TPE:9931:

  • EBIT: NT$373 Mil
  • GF Value™: NT$37.60 vs. price of NT$34.80 (7.4% below fair value)
  • GF Score™: 82/100 with 4 warning signs

No single metric tells the full story. See the TPE:9931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hsin Kao Gas Co Business Description

Address No.12, Minquan 1st Road, Lingya District, Kaohsiung, TWN, 802037
Hsin Kao Gas Co Ltd is a Taiwan-based company mainly engaged in the sale of natural gas and the installation of gas pipelines. The Company sells natural gas and transports the natural gas imported by CPC Corp Taiwan to residential and commercial users in the operating area through gas pipelines for use as fuel. The business scope mainly targets industrial, commercial and general household users in the nine administrative districts of Kaohsiung City, including Sanmin, Qianjin, Xinxing, Lingya, Qianzhen, Gushan, Zuoying, Nanzi and Yancheng.
82GF Score

Get the complete analysis for TPE:9931

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

NT$34.80
Price
NT$37.60
GF Value