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Win SemiconductorsROCO:3105 +5.33%68 Return-on-Tangible-Asset is 3.52% as of Mar. 2026, which is 59% below its 10-year median of 8.61. GuruFocus rates ROCO:3105 with a GF Score™ of 68/100 and a GF Value™ of NT$178.10 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,029 Semiconductors companies, Win Semiconductors ranks better than 53.94% 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. Win Semiconductors's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$2,133 Mil. Win Semiconductors's average total tangible assets for the quarter that ended in Mar. 2026 was NT$60,577 Mil. Therefore, Win Semiconductors's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.52%.
The historical rank and industry rank for Win Semiconductors's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:3105'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.12 Med: 8.61 Max: 13.65
Current: 3.67
During the past 13 years, Win Semiconductors's highest Return-on-Tangible-Asset was 13.65%. The lowest was -0.12%. And the median was 8.61%.
ROCO:3105's Return-on-Tangible-Asset is ranked better than 53.94% of 1029
companies
in the Semiconductors industry
Industry Median: 2.84
vs ROCO:3105: 3.67
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.
Win Semiconductors Return-on-Tangible-Asset Related Terms
Win Semiconductors Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Win Semiconductors'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.
ROCO:3105 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Win Semiconductors'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.
Win Semiconductors Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Win Semiconductors's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Win Semiconductors'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 3.52% mean?
Win Semiconductors (ROCO:3105) has a Return-on-Tangible-Asset of 3.52% 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 Win Semiconductors and its competitors. This is 59% below median its historical median of 8.61. According to the industry distribution chart, Win Semiconductors ranks #474 out of 1029 companies in the Semiconductors industry, placing it in the top 46.1%.
Is Win Semiconductors' Return-on-Tangible-Asset too high?
Win Semiconductors' current Return-on-Tangible-Asset of 3.52% is 59% below median its 10-year median of 8.61. The Semiconductors industry median Return-on-Tangible-Asset is 2.84. Win Semiconductors' value of 3.52% is 23.9% above this industry median. Based on the distribution chart, Win Semiconductors ranks #474 out of 1029 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Win Semiconductors has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Win Semiconductors' Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Win Semiconductors ranks #474 out of 1029 companies for Return-on-Tangible-Asset. This puts Win Semiconductors in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.84. Win Semiconductors' value of 3.52% is 23.9% above this benchmark. While the company's 10-year median is 8.61 vs. the industry median of 2.84, Win Semiconductors 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.84, based on 1,029 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. Win Semiconductors's current Return-on-Tangible-Asset of 3.52% is 23.9% 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 Win Semiconductors and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Win Semiconductors's current Return-on-Tangible-Asset is 3.52%, which is 59% below median its own 10-year median of 8.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Win Semiconductors stock overvalued right now?
Based on GuruFocus' analysis, Win Semiconductors (ROCO:3105) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$178.10, compared to a current price of NT$385.50 — trading 116.5% above its estimated fair value. The current Return-on-Tangible-Asset is 3.52%, which is 59% below median its 10-year median of 8.61 and 23.9% above the Semiconductors industry median of 2.84. Win Semiconductors' overall GF Score™ is 68/100 with 4 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 Win Semiconductors (ROCO:3105), the current Return-on-Tangible-Asset is 3.52% 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 Win Semiconductors (ROCO:3105) Overvalued in 2026?
Based on GuruFocus' analysis, Win Semiconductors stock appears to be overvalued.
The current stock price of NT$385.50 is trading 116.5% above its estimated GF Value™ of NT$178.10.
GuruFocus considers Win Semiconductors to be Significantly Overvalued.
Key valuation signals for ROCO:3105:
Return-on-Tangible-Asset: 3.52% (59% below median its 10-year median of 8.61)
GF Value™: NT$178.10 vs. price of NT$385.50 (116.5% above fair value)
Industry Position: 23.9% above the Semiconductors median (#474 of 1029)
No single metric tells the full story. See the ROCO:3105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1999, Win Semiconductors is the largest foundry for nonsilicon-based semiconductor components, most notably gallium arsenide, or GaAs; gallium nitride, or GaN; and silicon carbide, or SiC. Win Semi wielded over 50% share in the GaAs foundry market in 2025, followed by Advanced Wireless Semiconductor and GCS Holdings. The company's headquarters, four factories, and most of its 3,500 employees are based in Taoyuan City, Taiwan. Its products are applied in mobile, Wi-Fi networks, cellular infrastructure (such as base stations), satellite communication, optical communication, and 3D sensing. The company also provides automated testing and inspection services.
68GF Score
Get the complete analysis for ROCO:3105
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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