Associated Industries China (TPE:9912) Enterprise Value: NT$940.3 Mil (As of Jul. 07, 2026) ***


TPE:9912 Associated Industries China Inc TPE:9912
61 GF Score
Price NT$12.70
GF Value NT$11.36
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Associated Industries China Enterprise Value?

Associated Industries China TPE:9912 61 Enterprise Value is NT$940.3 Mil as of Jul. 07, 2026. GuruFocus rates TPE:9912 with a GF Score™ of 61/100 and a GF Value™ of NT$11.36 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Associated Industries China's Enterprise Value is NT$940.3 Mil. Associated Industries China's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-58.6 Mil. Therefore, Associated Industries China's EV-to-EBIT ratio for today is -16.04.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Associated Industries China's Enterprise Value is NT$940.3 Mil. Associated Industries China's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-36.3 Mil. Therefore, Associated Industries China's EV-to-EBITDA ratio for today is -25.91.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Associated Industries China's Enterprise Value is NT$940.3 Mil. Associated Industries China's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was NT$506.4 Mil. Therefore, Associated Industries China's EV-to-Revenue ratio for today is 1.86.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Associated Industries China's Enterprise Value is NT$940.3 Mil. Associated Industries China's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-36.0 Mil. Therefore, Associated Industries China's EV-to-OCF ratio for today is -26.11.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Associated Industries China's Enterprise Value is NT$940.3 Mil. Associated Industries China's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-39.5 Mil. Therefore, Associated Industries China's EV-to-FCF ratio for today is -23.78.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Associated Industries China  (TPE:9912) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Associated Industries China's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=940.287/-58.622
=-16.04

Associated Industries China's current Enterprise Value is NT$940.3 Mil.
Associated Industries China's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-58.6 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Associated Industries China's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=940.287/-36.287
=-25.91

Associated Industries China's current Enterprise Value is NT$940.3 Mil.
Associated Industries China's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-36.3 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Associated Industries China's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=940.287/506.372
=1.86

Associated Industries China's current Enterprise Value is NT$940.3 Mil.
Associated Industries China's Revenue 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$506.4 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Associated Industries China's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=940.287/-36.018
=-26.11

Associated Industries China's current Enterprise Value is NT$940.3 Mil.
Associated Industries China's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-36.0 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Associated Industries China's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=940.287/-39.533
=-23.78

Associated Industries China's current Enterprise Value is NT$940.3 Mil.
Associated Industries China's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-39.5 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.


Associated Industries China Enterprise Value Related Terms


Associated Industries China Enterprise Value Historical Data

* Premium members only.

The historical data trend for Associated Industries China's Enterprise Value 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.

Associated Industries China Enterprise Value Chart

Associated Industries China Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 660.29 658.73 659.12 873.25 929.46

Associated Industries China Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Enterprise Value 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 873.25 873.79 905.35 936.35 929.46

TPE:9912 vs APH, GLW: Enterprise Value Comparison

For the Electronic Components subindustry, Associated Industries China's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


Associated Industries China Enterprise Value vs Hardware Industry

For the Hardware industry and Technology sector, Associated Industries China's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Associated Industries China's Enterprise Value falls into.


TPE:9912
61GF Score
Associated Industries China Inc TPE:9912
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Associated Industries China Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Associated Industries China's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Associated Industries China's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of NT$940.3 Mil mean?
Associated Industries China (TPE:9912) has a Enterprise Value of NT$940.3 Mil as of Jul. 07, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Associated Industries China and its competitors.
Is Associated Industries China's Enterprise Value too high?
Associated Industries China's current Enterprise Value is NT$940.3 Mil. Overall, Associated Industries China has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Associated Industries China's Enterprise Value compare to APH and GLW?
Associated Industries China's Enterprise Value of NT$940.3 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Hardware company?
A good Enterprise Value depends on the Hardware industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Associated Industries China and its competitors. Associated Industries China's current Enterprise Value is NT$940.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Industries China stock overvalued right now?
Based on GuruFocus' analysis, Associated Industries China (TPE:9912) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$11.36, compared to a current price of NT$12.70 — trading 11.8% above its estimated fair value. The current Enterprise Value is NT$940.3 Mil. Associated Industries China's overall GF Score™ is 61/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Associated Industries China (TPE:9912), the current Enterprise Value is NT$940.3 Mil as of Jul. 07, 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 Associated Industries China (TPE:9912) Overvalued in 2026?

Based on GuruFocus' analysis, Associated Industries China stock appears to be overvalued. The current stock price of NT$12.70 is trading 11.8% above its estimated GF Value™ of NT$11.36. GuruFocus considers Associated Industries China to be Modestly Overvalued.

Key valuation signals for TPE:9912:

  • Enterprise Value: NT$940.3 Mil
  • GF Value™: NT$11.36 vs. price of NT$12.70 (11.8% above fair value)
  • GF Score™: 61/100 with 7 warning signs

No single metric tells the full story. See the TPE:9912 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Associated Industries China Business Description

Address No. 3-1, Park Street, 5th Floor-1, Nangang District, Taipei, TWN, 11503
Associated Industries China Inc is engaged in the research, development, and sale of LCD monitors, Medical equipment and Healthcare products, Other accessories, and the Real estate rental business. The company earns maximum revenue from LCD monitors, and geographically, the company earns maximum revenue from the Netherlands, followed by the United States, Taiwan, and others.
61GF Score

Get the complete analysis for TPE:9912

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

NT$12.70
Price
NT$11.36
GF Value