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Grand Process TechnologyROCO:3131 +3.13%84 Return-on-Tangible-Asset is 13.89% as of Mar. 2026, which is 42% above its 10-year median of 9.79. GuruFocus rates ROCO:3131 with a GF Score™ of 84/100 and a GF Value™ of NT$2,146.37 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,030 Semiconductors companies, Grand Process Technology ranks better than 83.98% 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. Grand Process Technology's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$1,851 Mil. Grand Process Technology's average total tangible assets for the quarter that ended in Mar. 2026 was NT$13,329 Mil. Therefore, Grand Process Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 13.89%.
The historical rank and industry rank for Grand Process Technology's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:3131'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.42 Med: 9.79 Max: 12.56
Current: 12.56
During the past 13 years, Grand Process Technology's highest Return-on-Tangible-Asset was 12.56%. The lowest was 7.42%. And the median was 9.79%.
ROCO:3131's Return-on-Tangible-Asset is ranked better than 83.98% of 1030
companies
in the Semiconductors industry
Industry Median: 2.865
vs ROCO:3131: 12.56
Grand Process Technology (ROCO:3131) 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.
Grand Process Technology Return-on-Tangible-Asset Related Terms
Grand Process Technology Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Grand Process Technology'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.
Grand Process Technology Return-on-Tangible-Asset Chart
ROCO:3131 vs AMAT, LRCX, KLAC: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, Grand Process Technology'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.
Grand Process Technology Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Grand Process Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Grand Process Technology'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 13.89% mean?
Grand Process Technology (ROCO:3131) has a Return-on-Tangible-Asset of 13.89% 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 Grand Process Technology and its competitors. This is 42% above median its historical median of 9.79. Over the past decade, Grand Process Technology's Return-on-Tangible-Asset has ranged from 7.42 to 12.56. According to the industry distribution chart, Grand Process Technology ranks #165 out of 1030 companies in the Semiconductors industry, placing it in the top 16%.
Is Grand Process Technology's Return-on-Tangible-Asset too high?
Grand Process Technology's current Return-on-Tangible-Asset of 13.89% is 42% above median its 10-year median of 9.79. Over the past 10 years, this metric has ranged from a low of 7.42 to a high of 12.56. The Semiconductors industry median Return-on-Tangible-Asset is 2.87. Grand Process Technology's value of 13.89% is 384.8% above this industry median. Based on the distribution chart, Grand Process Technology ranks #165 out of 1030 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Grand Process Technology has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grand Process Technology's Return-on-Tangible-Asset compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Grand Process Technology ranks #165 out of 1030 companies for Return-on-Tangible-Asset. This places Grand Process Technology in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.87. Grand Process Technology's value of 13.89% is 384.8% above this benchmark. Historically, Grand Process Technology's own Return-on-Tangible-Asset has ranged from 7.42 to 12.56 over the past decade. While the company's 10-year median is 9.79 vs. the industry median of 2.87, Grand Process Technology 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 2.87, based on 1,030 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. Grand Process Technology's current Return-on-Tangible-Asset of 13.89% is 384.8% 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 Grand Process Technology and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand Process Technology's current Return-on-Tangible-Asset is 13.89%, which is 42% above median its own 10-year median of 9.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Process Technology stock overvalued right now?
Based on GuruFocus' analysis, Grand Process Technology (ROCO:3131) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$2,146.37, compared to a current price of NT$2,635.00 — trading 22.8% above its estimated fair value. The current Return-on-Tangible-Asset is 13.89%, which is 42% above median its 10-year median of 9.79 and 384.8% above the Semiconductors industry median of 2.87. Grand Process Technology's overall GF Score™ is 84/100 with 1 warning sign 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 Grand Process Technology (ROCO:3131), the current Return-on-Tangible-Asset is 13.89% 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 Grand Process Technology (ROCO:3131) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Process Technology stock appears to be overvalued.
The current stock price of NT$2,635.00 is trading 22.8% above its estimated GF Value™ of NT$2,146.37.
GuruFocus considers Grand Process Technology to be Modestly Overvalued.
Key valuation signals for ROCO:3131:
Return-on-Tangible-Asset: 13.89% (42% above median its 10-year median of 9.79)
GF Value™: NT$2,146.37 vs. price of NT$2,635.00 (22.8% above fair value)
Industry Position: 384.8% above the Semiconductors median (#165 of 1030)
No single metric tells the full story. See the ROCO:3131 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Process Technology Corp operates in semiconductor wet processing equipment industry. The company provides wet process system integration for wafer level package such as wet station, glass slimming machine, flux clean, scrubber, single wafer processors, mask cleaner and others. It also manufactures electrical components and installs semiconductor relative machines.
84GF Score
Get the complete analysis for ROCO:3131
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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