Iron Force Industrial Co (TPE:2228) EPS without NRI: NT$5.09 (TTM As of Dec. 2025)

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:2228 Iron Force Industrial Co Ltd TPE:2228
89 GF Score
Price NT$81.50
GF Value NT$92.72
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Iron Force Industrial Co EPS without NRI?

Iron Force Industrial Co TPE:2228 -2.63% 89 EPS without NRI is NT$5.09 as of Dec. 2025. GuruFocus rates TPE:2228 with a GF Score™ of 89/100 and a GF Value™ of NT$92.72 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,054 Vehicles & Parts companies, Iron Force Industrial Co ranks worse than 68.41% on this metric.

Iron Force Industrial Co's earnings per share without non-recurring items for the three months ended in Dec. 2025 was NT$1.16. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2025 was NT$5.09.

During the past 12 months, Iron Force Industrial Co's average earnings per share (NRI) Growth Rate was -45.90% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was -4.70% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 34.80% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was -3.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Iron Force Industrial Co's EPS without NRI or its related term are showing as below:

TPE:2228' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -44.1   Med: 4.6   Max: 74.3
Current: -4.7

During the past 13 years, Iron Force Industrial Co's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 74.30% per year. The lowest was -44.10% per year. And the median was 4.60% per year.

TPE:2228's 3-Year EPS without NRI Growth Rate is ranked worse than
68.41% of 1054 companies
in the Vehicles & Parts industry
Industry Median: 8.35 vs TPE:2228: -4.70

Iron Force Industrial Co's EPS (Diluted) for the three months ended in Dec. 2025 was NT$1.16. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$5.11.

Iron Force Industrial Co's EPS (Basic) for the three months ended in Dec. 2025 was NT$1.19. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$5.24.


Iron Force Industrial Co  (TPE:2228) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Iron Force Industrial Co EPS without NRI Related Terms


Iron Force Industrial Co EPS without NRI Historical Data

* Premium members only.

The historical data trend for Iron Force Industrial Co's EPS without NRI 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.

Iron Force Industrial Co EPS without NRI Chart

Iron Force Industrial Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.08 5.86 6.65 9.37 5.07

Iron Force Industrial Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
EPS without NRI 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 2.67 1.77 1.06 1.10 1.16

TPE:2228 vs ORLY, AZO: EPS without NRI Comparison

For the Auto Parts subindustry, Iron Force Industrial Co's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.


Iron Force Industrial Co PE Ratio without NRI vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Iron Force Industrial Co's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Iron Force Industrial Co's PE Ratio without NRI falls into.


TPE:2228
89GF Score
Iron Force Industrial Co Ltd TPE:2228
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iron Force Industrial Co EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI 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$5.09

* 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 EPS without NRI →
What does a EPS without NRI of NT$5.09 mean?
Iron Force Industrial Co (TPE:2228) has a EPS without NRI of NT$5.09 as of Dec. 2025. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Iron Force Industrial Co and its competitors. According to the industry distribution chart, Iron Force Industrial Co ranks #721 out of 1054 companies in the Vehicles & Parts industry, placing it in the top 68.4%.
Is Iron Force Industrial Co's EPS without NRI too high?
Iron Force Industrial Co's current EPS without NRI is NT$5.09. Based on the distribution chart, Iron Force Industrial Co ranks #721 out of 1054 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Iron Force Industrial Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Iron Force Industrial Co's EPS without NRI compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Iron Force Industrial Co ranks #721 out of 1054 companies for EPS without NRI. This places Iron Force Industrial Co in the lower half of its industry. The industry median EPS without NRI is 8.35. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Vehicles & Parts company?
The median EPS without NRI among Vehicles & Parts companies is 8.35, based on 1,054 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Iron Force Industrial Co and its competitors. For the Vehicles & Parts industry, the median EPS without NRI is 8.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iron Force Industrial Co's current EPS without NRI is NT$5.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iron Force Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Iron Force Industrial Co (TPE:2228) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$92.72, compared to a current price of NT$81.50 — trading 12.1% below its estimated fair value. The current EPS without NRI is NT$5.09. Iron Force Industrial Co's overall GF Score™ is 89/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Iron Force Industrial Co (TPE:2228), the current EPS without NRI is NT$5.09 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 Iron Force Industrial Co (TPE:2228) Overvalued in 2026?

Based on GuruFocus' analysis, Iron Force Industrial Co stock appears to be undervalued. The current stock price of NT$81.50 is trading 12.1% below its estimated GF Value™ of NT$92.72. GuruFocus considers Iron Force Industrial Co to be Modestly Undervalued.

Key valuation signals for TPE:2228:

  • EPS without NRI: NT$5.09
  • GF Value™: NT$92.72 vs. price of NT$81.50 (12.1% below fair value)
  • GF Score™: 89/100 with 3 warning signs

No single metric tells the full story. See the TPE:2228 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Iron Force Industrial Co Business Description

Address Xintai 5th Road, Section 1, 19 Floor, No. 98, Xizhi District, New Taipei City, TWN, 221
Iron Force Industrial Co Ltd is a Taiwan-based company mainly engaged in manufacturing and trading airbag inflators for automotive safety systems, high-precision metal tubes for seatbelt retractor/pretensioner systems, and trading display fixtures and other metal parts. The majority of its revenue is generated from the manufacturing and sales of automotive safety components. Geographically, the company generates maximum revenue from Mainland China and the rest from Taiwan and Europe.
89GF Score

Get the complete analysis for TPE:2228

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$81.50
Price
NT$92.72
GF Value