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TSRCTPE:2103 -2.13%68 EV-to-EBIT is 11.13 as of Sep. 22, 2026, which is 32% below its 10-year median of 16.39. GuruFocus rates TPE:2103 with a GF Score™ of 68/100 and a GF Value™ of NT$23.46 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 1,291 Chemicals companies, TSRC ranks better than 76.76% on this metric.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, TSRC's Enterprise Value is NT$32,101 Mil.
TSRC's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was NT$2,884 Mil. Therefore, TSRC's EV-to-EBIT for today is 11.13.
The historical rank and industry rank for TSRC's EV-to-EBIT or its related term are showing as below:
TPE:2103'
s EV-to-EBIT Range Over the Past 10 Years
Min: 5.21 Med: 16.39 Max: 54.77
Current: 8.54
During the past 13 years, the highest EV-to-EBIT of TSRC was 54.77. The lowest was 5.21. And the median was 16.39.
TPE:2103's EV-to-EBIT is ranked better than 76.76% of 1291
companies
in the Chemicals industry
Industry Median: 16.68
vs TPE:2103: 8.54
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
TSRC's Enterprise Value for the quarter that ended in Jun. 2026 was NT$26,457 Mil.
TSRC's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$2,884 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.
TSRC EV-to-EBIT Related Terms
TSRC EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for TSRC's EV-to-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.
For the Specialty Chemicals subindustry, TSRC'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.
TSRC EV-to-EBIT vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, TSRC's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where TSRC's EV-to-EBIT falls into.
TSRC's current Enterprise Value is NT$32,101 Mil.
TSRC's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$2,884 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.
TSRC (TPE:2103) has a EV-to-EBIT of 11.13 as of Sep. 22, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on TSRC and its competitors. This is 32% below median its historical median of 16.39. Over the past decade, TSRC's EV-to-EBIT has ranged from 5.21 to 54.77. According to the industry distribution chart, TSRC ranks #300 out of 1291 companies in the Chemicals industry, placing it in the top 23.2%.
Is TSRC's EV-to-EBIT too high?
TSRC's current EV-to-EBIT of 11.13 is 32% below median its 10-year median of 16.39. Over the past 10 years, this metric has ranged from a low of 5.21 to a high of 54.77. The Chemicals industry median EV-to-EBIT is 16.68. TSRC's value of 11.13 is 33.3% below this industry median. Based on the distribution chart, TSRC ranks #300 out of 1291 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, TSRC has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TSRC's EV-to-EBIT compare to LIN and SHW?
According to the Chemicals industry distribution chart, TSRC ranks #300 out of 1291 companies for EV-to-EBIT. This places TSRC in the top 23% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 16.68. TSRC's value of 11.13 is 33.3% below this benchmark. Historically, TSRC's own EV-to-EBIT has ranged from 5.21 to 54.77 over the past decade. While the company's 10-year median is 16.39 vs. the industry median of 16.68, TSRC has consistently been below 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 EV-to-EBIT for a Chemicals company?
The median EV-to-EBIT among Chemicals companies is 16.68, based on 1,291 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TSRC's current EV-to-EBIT of 11.13 is 33.3% below 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on TSRC and its competitors. For the Chemicals industry, the median EV-to-EBIT is 16.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSRC's current EV-to-EBIT is 11.13, which is 32% below median its own 10-year median of 16.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSRC stock overvalued right now?
Based on GuruFocus' analysis, TSRC (TPE:2103) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$23.46, compared to a current price of NT$27.35 — trading 16.6% above its estimated fair value. The current EV-to-EBIT is 11.13, which is 32% below median its 10-year median of 16.39 and 33.3% below the Chemicals industry median of 16.68. TSRC's overall GF Score™ is 68/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For TSRC (TPE:2103), the current EV-to-EBIT is 11.13 as of Sep. 22, 2026. 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 TSRC (TPE:2103) Overvalued in 2026?
Based on GuruFocus' analysis, TSRC stock appears to be overvalued.
The current stock price of NT$27.35 is trading 16.6% above its estimated GF Value™ of NT$23.46.
GuruFocus considers TSRC to be Modestly Overvalued.
Key valuation signals for TPE:2103:
EV-to-EBIT: 11.13 (32% below median its 10-year median of 16.39)
GF Value™: NT$23.46 vs. price of NT$27.35 (16.6% above fair value)
Industry Position: 33.3% below the Chemicals median (#300 of 1291)
No single metric tells the full story. See the TPE:2103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSRC Corporation is a Taiwan-based producer of synthetic rubber and applied polymer products. Its synthetic rubber segment supplies styrene-butadiene rubber, polybutadiene rubber, and thermoplastic elastomers used mainly in tire manufacturing, where properties such as abrasion resistance, low rolling resistance, and wet grip matter. The applied polymers segment serves markets including footwear, particularly high-grade shoe soles, asphalt and plastic modification, adhesives, and other industrial applications. Customers are primarily industrial manufacturers and tire producers rather than end consumers. The company operates production and sales operations across Asia, the Americas, Europe, and other regions, with Asia accounting for the largest share of revenue. Revenue comes from selling synthetic rubber and polymer materials in bulk to manufacturers, with performance tied to global tire demand, footwear production, and industrial activity. TSRC is listed on the Taiwan Stock Exchange under ticker 2103.
68GF Score
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