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Level BiotechnologyROCO:3118 76 Return-on-Tangible-Asset is 6.62% as of Jun. 2026, which is 15% below its 10-year median of 7.78. GuruFocus rates ROCO:3118 with a GF Score™ of 76/100 and a GF Value™ of NT$33.91 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,414 Biotechnology companies, Level Biotechnology ranks better than 90.95% 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. Level Biotechnology's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$54.0 Mil. Level Biotechnology's average total tangible assets for the quarter that ended in Jun. 2026 was NT$816.7 Mil. Therefore, Level Biotechnology's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 6.62%.
The historical rank and industry rank for Level Biotechnology's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:3118'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.51 Med: 7.78 Max: 9.7
Current: 9.24
During the past 13 years, Level Biotechnology's highest Return-on-Tangible-Asset was 9.70%. The lowest was 5.51%. And the median was 7.78%.
ROCO:3118's Return-on-Tangible-Asset is ranked better than 90.95% of 1414
companies
in the Biotechnology industry
Industry Median: -36.16
vs ROCO:3118: 9.24
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.
Level Biotechnology Return-on-Tangible-Asset Related Terms
Level Biotechnology Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Level Biotechnology'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:3118 vs VRTX, REGN, RVMD: Return-on-Tangible-Asset Comparison
For the Biotechnology subindustry, Level Biotechnology'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.
Level Biotechnology Return-on-Tangible-Asset vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Level Biotechnology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Level Biotechnology'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.62% mean?
Level Biotechnology (ROCO:3118) has a Return-on-Tangible-Asset of 6.62% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Level Biotechnology and its competitors. This is 15% below median its historical median of 7.78. Over the past decade, Level Biotechnology's Return-on-Tangible-Asset has ranged from 5.51 to 9.70. According to the industry distribution chart, Level Biotechnology ranks #128 out of 1414 companies in the Biotechnology industry, placing it in the top 9.1%.
Is Level Biotechnology's Return-on-Tangible-Asset too high?
Level Biotechnology's current Return-on-Tangible-Asset of 6.62% is 15% below median its 10-year median of 7.78. Over the past 10 years, this metric has ranged from a low of 5.51 to a high of 9.70. Based on the distribution chart, Level Biotechnology ranks #128 out of 1414 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Level Biotechnology has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Level Biotechnology's Return-on-Tangible-Asset compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Level Biotechnology ranks #128 out of 1414 companies for Return-on-Tangible-Asset. This places Level Biotechnology in the top 9% of its industry — outperforming the majority of peers. Historically, Level Biotechnology's own Return-on-Tangible-Asset has ranged from 5.51 to 9.70 over the past decade. 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 Biotechnology company?
A good Return-on-Tangible-Asset depends on the Biotechnology industry context. However, Return-on-Tangible-Asset 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 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 Level Biotechnology and its competitors. Level Biotechnology's current Return-on-Tangible-Asset is 6.62%, which is 15% below median its own 10-year median of 7.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Level Biotechnology stock overvalued right now?
Based on GuruFocus' analysis, Level Biotechnology (ROCO:3118) is currently considered Fairly Valued. The stock's GF Value™ is NT$33.91, compared to a current price of NT$31.70 — trading 6.5% below its estimated fair value. The current Return-on-Tangible-Asset is 6.62%, which is 15% below median its 10-year median of 7.78. Level Biotechnology's overall GF Score™ is 76/100 with 2 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 Level Biotechnology (ROCO:3118), the current Return-on-Tangible-Asset is 6.62% 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 Level Biotechnology (ROCO:3118) Overvalued in 2026?
Based on GuruFocus' analysis, Level Biotechnology stock appears to be undervalued.
The current stock price of NT$31.70 is trading 6.5% below its estimated GF Value™ of NT$33.91.
GuruFocus considers Level Biotechnology to be Fairly Valued.
Key valuation signals for ROCO:3118:
Return-on-Tangible-Asset: 6.62% (15% below median its 10-year median of 7.78)
GF Value™: NT$33.91 vs. price of NT$31.70 (6.5% below fair value)
No single metric tells the full story. See the ROCO:3118 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Level Biotechnology Inc is a Taiwan-based company engaged in the sales of biomedical products and providing preclinical testing services. The company has three reportable segments: Department A and B, Department C, and Department D. Department A and Department B sell the cell culture consumables and the antibody reagents, Department C sells the instruments and equipment, and Department D provides CRO services. The majority of revenue is derived from the Department A and B.
76GF Score
Get the complete analysis for ROCO:3118
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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