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Himax TechnologiesHIMX -4.90%67 Return-on-Tangible-Asset is 1.88% as of Mar. 2026, which is 56% below its 10-year median of 4.27. GuruFocus rates HIMX with a GF Score™ of 67/100 and a GF Value™ of $6.65 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,028 Semiconductors companies, Himax Technologies ranks worse than 53.89% 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. Himax Technologies's annualizedNet Income for the quarter that ended in Mar. 2026 was $32.0 Mil. Himax Technologies's average total tangible assets for the quarter that ended in Mar. 2026 was $1,701.5 Mil. Therefore, Himax Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.88%.
The historical rank and industry rank for Himax Technologies's Return-on-Tangible-Asset or its related term are showing as below:
HIMX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.72 Med: 4.27 Max: 35.78
Current: 1.91
During the past 13 years, Himax Technologies's highest Return-on-Tangible-Asset was 35.78%. The lowest was -1.72%. And the median was 4.27%.
HIMX's Return-on-Tangible-Asset is ranked worse than 53.89% of 1028
companies
in the Semiconductors industry
Industry Median: 2.685
vs HIMX: 1.91
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.
Himax Technologies Return-on-Tangible-Asset Related Terms
Himax Technologies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Himax Technologies'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.
HIMX vs WOLF, AIP, AMBQ: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Himax Technologies'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.
Himax Technologies Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Himax Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Himax Technologies'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 1.88% mean?
Himax Technologies (HIMX) has a Return-on-Tangible-Asset of 1.88% 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 Himax Technologies and its competitors. This is 56% below median its historical median of 4.27. According to the industry distribution chart, Himax Technologies ranks #554 out of 1028 companies in the Semiconductors industry, placing it in the top 53.9%.
Is Himax Technologies' Return-on-Tangible-Asset too high?
Himax Technologies' current Return-on-Tangible-Asset of 1.88% is 56% below median its 10-year median of 4.27. The Semiconductors industry median Return-on-Tangible-Asset is 2.69. Himax Technologies' value of 1.88% is 30% below this industry median. Based on the distribution chart, Himax Technologies ranks #554 out of 1028 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Himax Technologies has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Himax Technologies' Return-on-Tangible-Asset compare to WOLF and AIP?
According to the Semiconductors industry distribution chart, Himax Technologies ranks #554 out of 1028 companies for Return-on-Tangible-Asset. This places Himax Technologies in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.69. Himax Technologies' value of 1.88% is 30% below this benchmark. While the company's 10-year median is 4.27 vs. the industry median of 2.69, Himax Technologies has consistently been below 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.69, based on 1,028 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. Himax Technologies's current Return-on-Tangible-Asset of 1.88% is 30% below 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 Himax Technologies and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Himax Technologies's current Return-on-Tangible-Asset is 1.88%, which is 56% below median its own 10-year median of 4.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Himax Technologies stock overvalued right now?
Based on GuruFocus' analysis, Himax Technologies (HIMX) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.65, compared to a current price of $12.63 — trading 89.9% above its estimated fair value. The current Return-on-Tangible-Asset is 1.88%, which is 56% below median its 10-year median of 4.27 and 30% below the Semiconductors industry median of 2.69. Himax Technologies' overall GF Score™ is 67/100 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 Himax Technologies (HIMX), the current Return-on-Tangible-Asset is 1.88% 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 Himax Technologies (HIMX) Overvalued in 2026?
Based on GuruFocus' analysis, Himax Technologies stock appears to be overvalued.
The current stock price of $12.63 is trading 89.9% above its estimated GF Value™ of $6.65.
GuruFocus considers Himax Technologies to be Significantly Overvalued.
Key valuation signals for HIMX:
Return-on-Tangible-Asset: 1.88% (56% below median its 10-year median of 4.27)
GF Value™: $6.65 vs. price of $12.63 (89.9% above fair value)
Industry Position: 30% below the Semiconductors median (#554 of 1028)
No single metric tells the full story. See the HIMX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Himax Technologies Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The majority of the firm's revenue is derived from the Driver Integrated Circuit segment. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and many other consumer electronics devices. It also designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, and scaler products for monitors and projectors. Geographically, it generates the majority of its revenue from China.
67GF Score
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