104 (TPE:3130) EBITDA Margin %: 20.64% (As of Dec. 2025) — 22% Below Median

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TPE:3130 104 Corp TPE:3130
96 GF Score
Price NT$203.50
GF Value NT$252.43
Valuation Modestly Undervalued
! 4 Warning Signs
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What is 104 EBITDA Margin %?

104 TPE:3130 96 EBITDA Margin % is 20.64% as of Dec. 2025, which is 22% below its 10-year median of 26.58. GuruFocus rates TPE:3130 with a GF Score™ of 96/100 and a GF Value™ of NT$252.43 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,071 Business Services companies, 104 ranks better than 81.33% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. 104's EBITDA for the three months ended in Dec. 2025 was NT$137 Mil. 104's Revenue for the three months ended in Dec. 2025 was NT$662 Mil. Therefore, 104's EBITDA margin for the quarter that ended in Dec. 2025 was 20.64%.


104  (TPE:3130) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


104 EBITDA Margin % Related Terms


104 EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for 104's EBITDA Margin % 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.

104 EBITDA Margin % Chart

104 Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.73 27.25 26.99 26.77 26.38

104 Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
EBITDA Margin % 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 19.24 25.93 29.97 28.62 20.64

TPE:3130 vs KFY, RHI, TNET: EBITDA Margin % Comparison

For the Staffing & Employment Services subindustry, 104's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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.


104 EBITDA Margin % vs Business Services Industry

For the Business Services industry and Industrials sector, 104's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where 104's EBITDA Margin % falls into.


TPE:3130
96GF Score
104 Corp TPE:3130
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

104 EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

104's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=705.485/2674.437
=26.38 %

104's EBITDA Margin % for the quarter that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=136.633/662.115
=20.64 %

* 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.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 20.64% mean?
104 (TPE:3130) has a EBITDA Margin % of 20.64% as of Dec. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on 104 and its competitors. This is 22% below median its historical median of 26.58. Over the past decade, 104's EBITDA Margin % has ranged from 23.08 to 28.01. According to the industry distribution chart, 104 ranks #200 out of 1071 companies in the Business Services industry, placing it in the top 18.7%.
Is 104's EBITDA Margin % too high?
104's current EBITDA Margin % of 20.64% is 22% below median its 10-year median of 26.58. Over the past 10 years, this metric has ranged from a low of 23.08 to a high of 28.01. The Business Services industry median EBITDA Margin % is 10.83. 104's value of 20.64% is 90.6% above this industry median. Based on the distribution chart, 104 ranks #200 out of 1071 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, 104 has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 104's EBITDA Margin % compare to KFY and RHI?
According to the Business Services industry distribution chart, 104 ranks #200 out of 1071 companies for EBITDA Margin %. This places 104 in the top 19% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 10.83. 104's value of 20.64% is 90.6% above this benchmark. Historically, 104's own EBITDA Margin % has ranged from 23.08 to 28.01 over the past decade. While the company's 10-year median is 26.58 vs. the industry median of 10.83, 104 has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Business Services company?
The median EBITDA Margin % among Business Services companies is 10.83, based on 1,071 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 104's current EBITDA Margin % of 20.64% is 90.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on 104 and its competitors. For the Business Services industry, the median EBITDA Margin % is 10.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 104's current EBITDA Margin % is 20.64%, which is 22% below median its own 10-year median of 26.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 104 stock overvalued right now?
Based on GuruFocus' analysis, 104 (TPE:3130) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$252.43, compared to a current price of NT$203.50 — trading 19.4% below its estimated fair value. The current EBITDA Margin % is 20.64%, which is 22% below median its 10-year median of 26.58 and 90.6% above the Business Services industry median of 10.83. 104's overall GF Score™ is 96/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For 104 (TPE:3130), the current EBITDA Margin % is 20.64% 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 104 (TPE:3130) Overvalued in 2026?

Based on GuruFocus' analysis, 104 stock appears to be undervalued. The current stock price of NT$203.50 is trading 19.4% below its estimated GF Value™ of NT$252.43. GuruFocus considers 104 to be Modestly Undervalued.

Key valuation signals for TPE:3130:

  • EBITDA Margin %: 20.64% (22% below median its 10-year median of 26.58)
  • GF Value™: NT$252.43 vs. price of NT$203.50 (19.4% below fair value)
  • GF Score™: 96/100 with 4 warning signs
  • Industry Position: 90.6% above the Business Services median (#200 of 1071)

No single metric tells the full story. See the TPE:3130 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


104 Business Description

Address No. 119-1, Baozhong Road, 10th Floor, Xindian District, New Taipei City, Taipei, TWN, 231
104 Corp is engaged in information technology, general advertising services, employment services and human resource consultancy. It provides the single type of service, which is online and consultation service and generates majority of revenue from Taiwan.
96GF Score

Get the complete analysis for TPE:3130

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

NT$203.50
Price
NT$252.43
GF Value