Zhen Ding Technology Holding (TPE:4958) Operating Income: NT$16,741 Mil (TTM As of Jun. 2026)

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TPE:4958 Zhen Ding Technology Holding Ltd TPE:4958
74 GF Score
Price NT$463.00
GF Value NT$134.09
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Zhen Ding Technology Holding Operating Income?

Zhen Ding Technology Holding TPE:4958 +1.31% 74 Operating Income is NT$16,741 Mil as of Jun. 2026. GuruFocus rates TPE:4958 with a GF Score™ of 74/100 and a GF Value™ of NT$134.09 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Zhen Ding Technology Holding's Operating Income for the three months ended in Jun. 2026 was NT$3,782 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$16,741 Mil.

Warning Sign:

Zhen Ding Technology Holding Ltd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Zhen Ding Technology Holding's Operating Income for the three months ended in Jun. 2026 was NT$3,782 Mil. Zhen Ding Technology Holding's Revenue for the three months ended in Jun. 2026 was NT$48,431 Mil. Therefore, Zhen Ding Technology Holding's Operating Margin % for the quarter that ended in Jun. 2026 was 7.81%.

Warning Sign:

Zhen Ding Technology Holding Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -10.1%.

Zhen Ding Technology Holding's 5-Year average Growth Rate for Operating Margin % was -10.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhen Ding Technology Holding's annualized ROC % for the quarter that ended in Jun. 2026 was 5.23%. Zhen Ding Technology Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 13.93%.


Zhen Ding Technology Holding  (TPE:4958) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Zhen Ding Technology Holding's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=15128.484 * ( 1 - 24.43% )/( (203427.131 + 234034.219)/ 2 )
=11432.5953588/218730.675
=5.23 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=298402.969 - 45973.177 - ( 82480.178 - max(0, 83301.038 - 132303.699+82480.178))
=203427.131

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=349706.317 - 54181.326 - ( 97097.638 - max(0, 101469.723 - 162960.495+97097.638))
=234034.219

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Zhen Ding Technology Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=21743.488/( ( (145543.783 + max(497.42299999999, 0)) + (159937.571 + max(6212.09, 0)) )/ 2 )
=21743.488/( ( 146041.206 + 166149.661 )/ 2 )
=21743.488/156095.4335
=13.93 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21690.425 + 23794.765 + 3950.63) - (45973.177 + 0 + 2965.22)
=497.42299999999

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28595.252 + 28589.795 + 6914.015) - (54181.326 + 0 + 3705.646)
=6212.09

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Zhen Ding Technology Holding's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=3782.121/48430.657
=7.81 %

* 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.

4. 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 Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Zhen Ding Technology Holding Operating Income Related Terms


Zhen Ding Technology Holding Operating Income Historical Data

* Premium members only.

The historical data trend for Zhen Ding Technology Holding's Operating Income 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.

Zhen Ding Technology Holding Operating Income Chart

Zhen Ding Technology Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15,765.92 22,451.11 9,169.68 11,565.46 13,936.38

Zhen Ding Technology Holding Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income 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 2,413.79 4,564.12 5,921.56 2,472.83 3,782.12
TPE:4958
74GF Score
Zhen Ding Technology Holding Ltd TPE:4958
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhen Ding Technology Holding Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income 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$16,741 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 Operating Income →
What does a Operating Income of NT$16,741 Mil mean?
Zhen Ding Technology Holding (TPE:4958) has a Operating Income of NT$16,741 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Zhen Ding Technology Holding and its competitors.
Is Zhen Ding Technology Holding's Operating Income too high?
Zhen Ding Technology Holding's current Operating Income is NT$16,741 Mil. Overall, Zhen Ding Technology Holding has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhen Ding Technology Holding's Operating Income compare to APH and GLW?
Zhen Ding Technology Holding's Operating Income of NT$16,741 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 Operating Income for a Hardware company?
A good Operating Income depends on the Hardware industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Zhen Ding Technology Holding and its competitors. Zhen Ding Technology Holding's current Operating Income is NT$16,741 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhen Ding Technology Holding stock overvalued right now?
Based on GuruFocus' analysis, Zhen Ding Technology Holding (TPE:4958) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$134.09, compared to a current price of NT$463.00 — trading 245.3% above its estimated fair value. The current Operating Income is NT$16,741 Mil. Zhen Ding Technology Holding's overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Zhen Ding Technology Holding (TPE:4958), the current Operating Income is NT$16,741 Mil as of Jun. 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 Zhen Ding Technology Holding (TPE:4958) Overvalued in 2026?

Based on GuruFocus' analysis, Zhen Ding Technology Holding stock appears to be overvalued. The current stock price of NT$463.00 is trading 245.3% above its estimated GF Value™ of NT$134.09. GuruFocus considers Zhen Ding Technology Holding to be Significantly Overvalued.

Key valuation signals for TPE:4958:

  • Operating Income: NT$16,741 Mil
  • GF Value™: NT$134.09 vs. price of NT$463.00 (245.3% above fair value)
  • GF Score™: 74/100 with 7 warning signs

No single metric tells the full story. See the TPE:4958 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhen Ding Technology Holding Business Description

Address Hibiscus Way, 802 West Bay Road, P.O. Box 31119, Grand Pavilion, George Town, Grand Cayman, CYM, KY1-1205
Zhen Ding Technology Holding Ltd manufactures printed circuit boards, including high-density interconnection, flexible printed circuits, rigid printed circuit boards, and integrated circuit substrates. These products are used in a variety of applications, including personal computers, watches, memory and data cards, smartphones, tablets, media players, televisions, digital and video cameras, and game consoles. Its customers include the telecommunications, electronics, automotive, medical equipment, military equipment, and space industries. The Group generates all of its revenue from the manufacturing of PCB products. Geographically, it derives maximum revenue from the USA, and the rest from Mainland China, Taiwan, Singapore, and other regions.
74GF Score

Get the complete analysis for TPE:4958

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

NT$463.00
Price
NT$134.09
GF Value