Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Argosy ResearchROCO:3217 -2.46%87 Return-on-Tangible-Asset is 15.87% as of Mar. 2026, which is 13% above its 10-year median of 14.08. GuruFocus rates ROCO:3217 with a GF Score™ of 87/100 and a GF Value™ of NT$202.22 (Significantly Undervalued). Among 2,501 Hardware companies, Argosy Research ranks better than 96.32% 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. Argosy Research's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$1,017 Mil. Argosy Research's average total tangible assets for the quarter that ended in Mar. 2026 was NT$6,404 Mil. Therefore, Argosy Research's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 15.87%.
The historical rank and industry rank for Argosy Research's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:3217'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.58 Med: 14.08 Max: 19.02
Current: 18.56
During the past 13 years, Argosy Research's highest Return-on-Tangible-Asset was 19.02%. The lowest was 9.58%. And the median was 14.08%.
ROCO:3217's Return-on-Tangible-Asset is ranked better than 96.32% of 2501
companies
in the Hardware industry
Industry Median: 2.48
vs ROCO:3217: 18.56
Argosy Research (ROCO:3217) 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.
Argosy Research Return-on-Tangible-Asset Related Terms
Argosy Research Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Argosy Research'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:3217 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Argosy Research'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.
Argosy Research Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Argosy Research's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Argosy Research'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 15.87% mean?
Argosy Research (ROCO:3217) has a Return-on-Tangible-Asset of 15.87% 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 Argosy Research and its competitors. This is 13% above median its historical median of 14.08. Over the past decade, Argosy Research's Return-on-Tangible-Asset has ranged from 9.58 to 19.02. According to the industry distribution chart, Argosy Research ranks #92 out of 2501 companies in the Hardware industry, placing it in the top 3.7%.
Is Argosy Research's Return-on-Tangible-Asset too high?
Argosy Research's current Return-on-Tangible-Asset of 15.87% is 13% above median its 10-year median of 14.08. Over the past 10 years, this metric has ranged from a low of 9.58 to a high of 19.02. The Hardware industry median Return-on-Tangible-Asset is 2.48. Argosy Research's value of 15.87% is 539.9% above this industry median. Based on the distribution chart, Argosy Research ranks #92 out of 2501 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Argosy Research has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Argosy Research's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Argosy Research ranks #92 out of 2501 companies for Return-on-Tangible-Asset. This places Argosy Research in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.48. Argosy Research's value of 15.87% is 539.9% above this benchmark. Historically, Argosy Research's own Return-on-Tangible-Asset has ranged from 9.58 to 19.02 over the past decade. While the company's 10-year median is 14.08 vs. the industry median of 2.48, Argosy Research 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.48, based on 2,501 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. Argosy Research's current Return-on-Tangible-Asset of 15.87% is 539.9% 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 Argosy Research and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argosy Research's current Return-on-Tangible-Asset is 15.87%, which is 13% above median its own 10-year median of 14.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argosy Research stock overvalued right now?
Based on GuruFocus' analysis, Argosy Research (ROCO:3217) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$202.22, compared to a current price of NT$138.50 — trading 31.5% below its estimated fair value. The current Return-on-Tangible-Asset is 15.87%, which is 13% above median its 10-year median of 14.08 and 539.9% above the Hardware industry median of 2.48. Argosy Research's overall GF Score™ is 87/100. 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 Argosy Research (ROCO:3217), the current Return-on-Tangible-Asset is 15.87% 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 Argosy Research (ROCO:3217) Overvalued in 2026?
Based on GuruFocus' analysis, Argosy Research stock appears to be undervalued.
The current stock price of NT$138.50 is trading 31.5% below its estimated GF Value™ of NT$202.22.
GuruFocus considers Argosy Research to be Significantly Undervalued.
Key valuation signals for ROCO:3217:
Return-on-Tangible-Asset: 15.87% (13% above median its 10-year median of 14.08)
GF Value™: NT$202.22 vs. price of NT$138.50 (31.5% below fair value)
Industry Position: 539.9% above the Hardware median (#92 of 2501)
No single metric tells the full story. See the ROCO:3217 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argosy Research Inc is engaged in the manufacture and sale of electronic components and electronic connectors as its main business item. It has developed the following electronics connector categories: USB3.1 Type-C, DDR3/4/5(SO-DIMM & Long DIMM), M.2(NGFF), Mini PCIe, LVDS, RF Coaxial, Battery, and Injection/Molding Parts (Housing) in various and customizable specifications and products, among others. Geographically, the company generates a majority of its revenue from Asia and the rest from the Americas and other regions.
87GF Score
Get the complete analysis for ROCO:3217
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:3217 has been successfully added to your 
