Hiyes International Co (TPE:2348) EV-to-EBIT: 25.23 (As of Aug. 26, 2026) — 121% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2348 Hiyes International Co Ltd TPE:2348
82 GF Score
Price NT$71.10
GF Value NT$96.09
Valuation Modestly Undervalued
! 12 Warning Signs
View Full Analysis

What is Hiyes International Co EV-to-EBIT?

Hiyes International Co TPE:2348 +1.43% 82 EV-to-EBIT is 25.23 as of Aug. 26, 2026, which is 121% above its 10-year median of 11.40. GuruFocus rates TPE:2348 with a GF Score™ of 82/100 and a GF Value™ of NT$96.09 (Modestly Undervalued). The stock has 12 warning signs investors should review. Among 1,352 Real Estate companies, Hiyes International Co ranks worse than 75.74% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Hiyes International Co's Enterprise Value is NT$42,565 Mil. Hiyes International Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was NT$1,687 Mil. Therefore, Hiyes International Co's EV-to-EBIT for today is 25.23.

The historical rank and industry rank for Hiyes International Co's EV-to-EBIT or its related term are showing as below:

TPE:2348' s EV-to-EBIT Range Over the Past 10 Years
Min: 5.94   Med: 11.4   Max: 84.35
Current: 25.22

During the past 13 years, the highest EV-to-EBIT of Hiyes International Co was 84.35. The lowest was 5.94. And the median was 11.40.

TPE:2348's EV-to-EBIT is ranked worse than
75.74% of 1352 companies
in the Real Estate industry
Industry Median: 13.36 vs TPE:2348: 25.22

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Hiyes International Co's Enterprise Value for the quarter that ended in Jun. 2026 was NT$42,162 Mil. Hiyes International Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was NT$1,687 Mil. Hiyes International Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.00%.


Hiyes International Co  (TPE:2348) EV-to-EBIT Explanation

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.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Hiyes International Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=1687.174/42162.118051816
=4.00 %

Hiyes International Co's Enterprise Value for the quarter that ended in Jun. 2026 was NT$42,162 Mil.
Hiyes International Co'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$1,687 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.


Hiyes International Co EV-to-EBIT Related Terms


Hiyes International Co EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Hiyes International Co'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.

Hiyes International Co EV-to-EBIT Chart

Hiyes International Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.28 15.24 10.44 16.58 19.62

Hiyes International Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-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 17.97 25.15 19.62 25.86 24.99

TPE:2348 vs CBRE, BEKE, JLL: EV-to-EBIT Comparison

For the Real Estate Services subindustry, Hiyes International 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.


Hiyes International Co EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hiyes International Co's EV-to-EBIT distribution charts can be found below:

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


TPE:2348
82GF Score
Hiyes International Co Ltd TPE:2348
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hiyes International Co EV-to-EBIT Calculation

Hiyes International Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=42564.946/1687.174
=25.23

Hiyes International Co's current Enterprise Value is NT$42,565 Mil.
Hiyes International Co'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$1,687 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 EV-to-EBIT →
What does a EV-to-EBIT of 25.23 mean?
Hiyes International Co (TPE:2348) has a EV-to-EBIT of 25.23 as of Aug. 26, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Hiyes International Co and its competitors. This is 121% above median its historical median of 11.40. Over the past decade, Hiyes International Co's EV-to-EBIT has ranged from 5.94 to 84.35. According to the industry distribution chart, Hiyes International Co ranks #1024 out of 1352 companies in the Real Estate industry, placing it in the top 75.7%.
Is Hiyes International Co's EV-to-EBIT too high?
Hiyes International Co's current EV-to-EBIT of 25.23 is 121% above median its 10-year median of 11.40. Over the past 10 years, this metric has ranged from a low of 5.94 to a high of 84.35. The Real Estate industry median EV-to-EBIT is 13.36. Hiyes International Co's value of 25.23 is 88.8% above this industry median. Based on the distribution chart, Hiyes International Co ranks #1024 out of 1352 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Hiyes International Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hiyes International Co's EV-to-EBIT compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hiyes International Co ranks #1024 out of 1352 companies for EV-to-EBIT. This places Hiyes International Co in the lower half of its industry. The industry median EV-to-EBIT is 13.36. Hiyes International Co's value of 25.23 is 88.8% above this benchmark. Historically, Hiyes International Co's own EV-to-EBIT has ranged from 5.94 to 84.35 over the past decade. While the company's 10-year median is 11.40 vs. the industry median of 13.36, Hiyes International Co 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 EV-to-EBIT for a Real Estate company?
The median EV-to-EBIT among Real Estate companies is 13.36, based on 1,352 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. Hiyes International Co's current EV-to-EBIT of 25.23 is 88.8% 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 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 Hiyes International Co and its competitors. For the Real Estate industry, the median EV-to-EBIT is 13.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiyes International Co's current EV-to-EBIT is 25.23, which is 121% above median its own 10-year median of 11.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiyes International Co stock overvalued right now?
Based on GuruFocus' analysis, Hiyes International Co (TPE:2348) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$96.09, compared to a current price of NT$71.10 — trading 26% below its estimated fair value. The current EV-to-EBIT is 25.23, which is 121% above median its 10-year median of 11.40 and 88.8% above the Real Estate industry median of 13.36. Hiyes International Co's overall GF Score™ is 82/100 with 12 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 Hiyes International Co (TPE:2348), the current EV-to-EBIT is 25.23 as of Aug. 26, 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 Hiyes International Co (TPE:2348) Overvalued in 2026?

Based on GuruFocus' analysis, Hiyes International Co stock appears to be undervalued. The current stock price of NT$71.10 is trading 26% below its estimated GF Value™ of NT$96.09. GuruFocus considers Hiyes International Co to be Modestly Undervalued.

Key valuation signals for TPE:2348:

  • EV-to-EBIT: 25.23 (121% above median its 10-year median of 11.40)
  • GF Value™: NT$96.09 vs. price of NT$71.10 (26% below fair value)
  • GF Score™: 82/100 with 12 warning signs
  • Industry Position: 88.8% above the Real Estate median (#1024 of 1352)

No single metric tells the full story. See the TPE:2348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hiyes International Co Business Description

Address No. 260, Dunhua North Road, 7th Floor, Songshan District, Taipei, TWN
Hiyes International Co Ltd operates in the real estate industry. The Company has two reporting segments: the agency sales segment of real estate, and the construction segment, in which the former engages in the brokerage of real estate sales, and the construction segment engages in the operation and construction of residential houses, sales of real estate, and other related businesses.
82GF Score

Get the complete analysis for TPE:2348

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

NT$71.10
Price
NT$96.09
GF Value