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Chunghwa Telecom CoCHT +0.35%81 Return-on-Tangible-Asset is 8.40% as of Mar. 2026, which is 1% above its 10-year median of 8.31. GuruFocus rates CHT with a GF Score™ of 81/100 and a GF Value™ of $41.59 (Fairly Valued). The stock has 5 warning signs investors should review. Among 364 Telecommunication Services companies, Chunghwa Telecom Co ranks better than 73.63% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Chunghwa Telecom Co's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,269 Mil. Chunghwa Telecom Co's average total tangible assets for the quarter that ended in Mar. 2026 was $15,113 Mil. Therefore, Chunghwa Telecom Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.40%.
The historical rank and industry rank for Chunghwa Telecom Co's Return-on-Tangible-Asset or its related term are showing as below:
CHT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.79 Med: 8.31 Max: 10.1
Current: 8.28
During the past 13 years, Chunghwa Telecom Co's highest Return-on-Tangible-Asset was 10.10%. The lowest was 7.79%. And the median was 8.31%.
CHT's Return-on-Tangible-Asset is ranked better than 73.63% of 364
companies
in the Telecommunication Services industry
Industry Median: 3.45
vs CHT: 8.28
Chunghwa Telecom Co (NYSE:CHT) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Chunghwa Telecom Co Return-on-Tangible-Asset Related Terms
Chunghwa Telecom Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Chunghwa Telecom Co's Return-on-Tangible-Asset 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.
Chunghwa Telecom Co Return-on-Tangible-Asset Chart
CHT vs TMUS, VZ, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, Chunghwa Telecom Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Chunghwa Telecom Co Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Chunghwa Telecom Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chunghwa Telecom Co's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 8.40% mean?
Chunghwa Telecom Co (CHT) has a Return-on-Tangible-Asset of 8.40% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Chunghwa Telecom Co and its competitors. This is near median its historical median of 8.31. Over the past decade, Chunghwa Telecom Co's Return-on-Tangible-Asset has ranged from 7.79 to 10.10. According to the industry distribution chart, Chunghwa Telecom Co ranks #96 out of 364 companies in the Telecommunication Services industry, placing it in the top 26.4%.
Is Chunghwa Telecom Co's Return-on-Tangible-Asset too high?
Chunghwa Telecom Co's current Return-on-Tangible-Asset of 8.40% is near median its 10-year median of 8.31. Over the past 10 years, this metric has ranged from a low of 7.79 to a high of 10.10. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.45. Chunghwa Telecom Co's value of 8.40% is 143.5% above this industry median. Based on the distribution chart, Chunghwa Telecom Co ranks #96 out of 364 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Chunghwa Telecom Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chunghwa Telecom Co's Return-on-Tangible-Asset compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Chunghwa Telecom Co ranks #96 out of 364 companies for Return-on-Tangible-Asset. This puts Chunghwa Telecom Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.45. Chunghwa Telecom Co's value of 8.40% is 143.5% above this benchmark. Historically, Chunghwa Telecom Co's own Return-on-Tangible-Asset has ranged from 7.79 to 10.10 over the past decade. While the company's 10-year median is 8.31 vs. the industry median of 3.45, Chunghwa Telecom 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 Return-on-Tangible-Asset for a Telecommunication Services company?
The median Return-on-Tangible-Asset among Telecommunication Services companies is 3.45, based on 364 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chunghwa Telecom Co's current Return-on-Tangible-Asset of 8.40% is 143.5% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Chunghwa Telecom Co and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chunghwa Telecom Co's current Return-on-Tangible-Asset is 8.40%, which is near median its own 10-year median of 8.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chunghwa Telecom Co stock overvalued right now?
Based on GuruFocus' analysis, Chunghwa Telecom Co (CHT) is currently considered Fairly Valued. The stock's GF Value™ is $41.59, compared to a current price of $42.44 — trading 2% above its estimated fair value. The current Return-on-Tangible-Asset is 8.40%, which is near median its 10-year median of 8.31 and 143.5% above the Telecommunication Services industry median of 3.45. Chunghwa Telecom Co's overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Chunghwa Telecom Co (CHT), the current Return-on-Tangible-Asset is 8.40% as of Mar. 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 Chunghwa Telecom Co (CHT) Overvalued in 2026?
Based on GuruFocus' analysis, Chunghwa Telecom Co stock appears to be overvalued.
The current stock price of $42.44 is trading 2% above its estimated GF Value™ of $41.59.
GuruFocus considers Chunghwa Telecom Co to be Fairly Valued.
Key valuation signals for CHT:
Return-on-Tangible-Asset: 8.40% (near median its 10-year median of 8.31)
GF Value™: $41.59 vs. price of $42.44 (2% above fair value)
Industry Position: 143.5% above the Telecommunication Services median (#96 of 364)
No single metric tells the full story. See the CHT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chunghwa Telecom Co Ltd is Taiwan's integrated telecom operator, providing fixed-line, wireless, and Internet and data services. The company's reportable segments are: Consumer Business, Enterprise Business, International Business, and Others. The majority of its revenue comes from the Consumer Business, which focuses on individual and home-centric businesses, such as mobile, fixed broadband, Wi-Fi, IPTV (MOD), and OTT services. The Enterprise business offers IDC, cloud, cybersecurity, 5G, AIoT, data, AI, enterprise digital transformation, and system integration services to businesses, and the International business segment represents services offered to international customers. Geographically, the company generates maximum revenue from its business in Taiwan.
81GF Score
Get the complete analysis for CHT
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