National Petroleum Co (TPE:9937) EBIT: NT$943 Mil (TTM As of Dec. 2025)


TPE:9937 National Petroleum Co Ltd TPE:9937
78 GF Score
Price NT$55.30
GF Value NT$59.39
Valuation Fairly Valued
! 4 Warning Signs
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What is National Petroleum Co EBIT?

National Petroleum Co TPE:9937 +0.55% 78 EBIT is NT$943 Mil as of Dec. 2025. GuruFocus rates TPE:9937 with a GF Score™ of 78/100 and a GF Value™ of NT$59.39 (Fairly Valued). The stock has 4 warning signs investors should review.

National Petroleum Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$246 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$943 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. National Petroleum Co's annualized ROC % for the quarter that ended in Dec. 2025 was 4.91%. National Petroleum Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 11.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. National Petroleum Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.64%.


National Petroleum Co  (TPE:9937) EBIT Explanation

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

National Petroleum 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 )
=848.572 * ( 1 - 20.02% )/( (14053.192 + 13597.769)/ 2 )
=678.6878856/13825.4805
=4.91 %

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))
=11976.146 - 1601.019 - ( 283.066 - max(0, 4351.277 - 673.212+283.066))
=14053.192

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))
=12026.348 - 1851.244 - ( 430.207 - max(0, 4275.287 - 852.622+430.207))
=13597.769

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

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

National Petroleum 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 )
=984.368/( ( (8520.184 + max(-1745.247, 0)) + (8482.172 + max(-1967.422, 0)) )/ 2 )
=984.368/( ( 8520.184 + 8482.172 )/ 2 )
=984.368/8501.178
=11.58 %

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)
=(100.148 + 262.26 + 13.364) - (1601.019 + 0 + 520)
=-1745.247

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(106.712 + 297.099 + 8.567) - (1851.244 + 0 + 528.556)
=-1967.422

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:

National Petroleum Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=942.507/20307.686
=4.64 %

* 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.


National Petroleum Co EBIT Related Terms


National Petroleum Co EBIT Historical Data

* Premium members only.

The historical data trend for National Petroleum 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.

National Petroleum Co EBIT Chart

National Petroleum 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 1,055.15 939.83 1,000.21 952.00 942.51

National Petroleum 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 253.31 211.82 224.50 260.09 246.09

TPE:9937 vs CASY, WSM, DKS: EBIT Comparison

For the Specialty Retail subindustry, National Petroleum 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.


National Petroleum Co EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, National Petroleum Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where National Petroleum Co's EV-to-EBIT falls into.


TPE:9937
78GF Score
National Petroleum Co Ltd TPE:9937
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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National Petroleum 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$943 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$943 Mil mean?
National Petroleum Co (TPE:9937) has a EBIT of NT$943 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on National Petroleum Co.
Is National Petroleum Co's EBIT too high?
National Petroleum Co's current EBIT is NT$943 Mil. Overall, National Petroleum Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Petroleum Co's EBIT compare to CASY and WSM?
National Petroleum Co's EBIT of NT$943 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical 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 National Petroleum Co. National Petroleum Co's current EBIT is NT$943 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Petroleum Co stock overvalued right now?
Based on GuruFocus' analysis, National Petroleum Co (TPE:9937) is currently considered Fairly Valued. The stock's GF Value™ is NT$59.39, compared to a current price of NT$55.30 — trading 6.9% below its estimated fair value. The current EBIT is NT$943 Mil. National Petroleum Co's overall GF Score™ is 78/100 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 National Petroleum Co (TPE:9937), the current EBIT is NT$943 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 National Petroleum Co (TPE:9937) Overvalued in 2026?

Based on GuruFocus' analysis, National Petroleum Co stock appears to be undervalued. The current stock price of NT$55.30 is trading 6.9% below its estimated GF Value™ of NT$59.39. GuruFocus considers National Petroleum Co to be Fairly Valued.

Key valuation signals for TPE:9937:

  • EBIT: NT$943 Mil
  • GF Value™: NT$59.39 vs. price of NT$55.30 (6.9% below fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the TPE:9937 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Petroleum Co Business Description

Address No. 140, Roosevelt Road, 4th Floor, Section 6, Taipei, TWN
National Petroleum Co Ltd is engaged in providing and selling gasoline, diesel, and lubricant, as well as car washing services. The main revenue of the Group is generated from the sales of refined petroleum products supplied and sold through the Group's gas stations. The sales targets are mainly consumers at gas stations.
78GF Score

Get the complete analysis for TPE:9937

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

NT$55.30
Price
NT$59.39
GF Value