San Far Property (TPE:9946) EBIT: NT$234.9 Mil (TTM As of Dec. 2025)


TPE:9946 San Far Property Ltd TPE:9946
51 GF Score
Price NT$19.85
GF Value NT$11.57
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is San Far Property EBIT?

San Far Property TPE:9946 +0.51% 51 EBIT is NT$234.9 Mil as of Dec. 2025. GuruFocus rates TPE:9946 with a GF Score™ of 51/100 and a GF Value™ of NT$11.57 (Significantly Overvalued). The stock has 10 warning signs investors should review.

San Far Property's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$0.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$234.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. San Far Property's annualized ROC % for the quarter that ended in Dec. 2025 was 0.00%. San Far Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. San Far Property's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1.78%.


San Far Property  (TPE:9946) EBIT Explanation

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

San Far Property'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 )
=0 * ( 1 - 0% )/( (15214.226 + 14355.333)/ 2 )
=0/14784.7795
=0.00 %

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))
=17598.701 - 495.512 - ( 1888.963 - max(0, 6634.841 - 15750.949+1888.963))
=15214.226

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))
=17263.217 - 1252.739 - ( 1655.145 - max(0, 6329.685 - 15622.885+1655.145))
=14355.333

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

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

San Far Property'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 )
=0/( ( (88.72 + max(12304.602, 0)) + (86.8 + max(11846.251, 0)) )/ 2 )
=0/( ( 12393.322 + 11933.051 )/ 2 )
=0/12163.1865
=0.00 %

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)
=(1.277 + 13399.82 + 460.524) - (495.512 + 0 + 1061.507)
=12304.602

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(59.072 + 13559.842 + 348.412) - (1252.739 + 0 + 868.336)
=11846.251

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:

San Far Property's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=234.921/13186.603
=1.78 %

* 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.


San Far Property EBIT Related Terms


San Far Property EBIT Historical Data

* Premium members only.

The historical data trend for San Far Property'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.

San Far Property EBIT Chart

San Far Property 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 233.28 183.37 132.04 499.29 0.00

San Far Property 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 264.76 -11.76 -21.45 3.36 0.00

San Far Property EBIT Competitor Comparison

For the Real Estate - Diversified subindustry, San Far Property'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.


San Far Property EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, San Far Property's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where San Far Property's EV-to-EBIT falls into.


TPE:9946
51GF Score
San Far Property Ltd TPE:9946
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

San Far Property 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$234.9 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$234.9 Mil mean?
San Far Property (TPE:9946) has a EBIT of NT$234.9 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on San Far Property.
Is San Far Property's EBIT too high?
San Far Property's current EBIT is NT$234.9 Mil. Overall, San Far Property has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does San Far Property's EBIT compare to competitors?
San Far Property's EBIT of NT$234.9 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good EBIT depends on the Real Estate 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 San Far Property. San Far Property's current EBIT is NT$234.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Far Property stock overvalued right now?
Based on GuruFocus' analysis, San Far Property (TPE:9946) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$11.57, compared to a current price of NT$19.85 — trading 71.6% above its estimated fair value. The current EBIT is NT$234.9 Mil. San Far Property's overall GF Score™ is 51/100 with 10 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 San Far Property (TPE:9946), the current EBIT is NT$234.9 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 San Far Property (TPE:9946) Overvalued in 2026?

Based on GuruFocus' analysis, San Far Property stock appears to be overvalued. The current stock price of NT$19.85 is trading 71.6% above its estimated GF Value™ of NT$11.57. GuruFocus considers San Far Property to be Significantly Overvalued.

Key valuation signals for TPE:9946:

  • EBIT: NT$234.9 Mil
  • GF Value™: NT$11.57 vs. price of NT$19.85 (71.6% above fair value)
  • GF Score™: 51/100 with 10 warning signs

No single metric tells the full story. See the TPE:9946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


San Far Property Business Description

Address No. 30, Section 3, Bode Road, 12th Floor, Songshan District, Taipei, TWN
San Far Property Ltd is a Taiwan-based real estate company. The main activities of the company include residential and building development, leasing and sales, and real estate leasing.
51GF Score

Get the complete analysis for TPE:9946

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

NT$19.85
Price
NT$11.57
GF Value