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PixArt ImagingROCO:3227 +0.76%72 Return-on-Tangible-Asset is 11.67% as of Jun. 2026, which is 3% above its 10-year median of 11.28. GuruFocus rates ROCO:3227 with a GF Score™ of 72/100 and a GF Value™ of NT$241.28 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,034 Semiconductors companies, PixArt Imaging ranks better than 79.21% 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. PixArt Imaging's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$2,039 Mil. PixArt Imaging's average total tangible assets for the quarter that ended in Jun. 2026 was NT$17,471 Mil. Therefore, PixArt Imaging's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 11.67%.
The historical rank and industry rank for PixArt Imaging's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:3227'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.51 Med: 11.28 Max: 14.15
Current: 11.41
During the past 13 years, PixArt Imaging's highest Return-on-Tangible-Asset was 14.15%. The lowest was 2.51%. And the median was 11.28%.
ROCO:3227's Return-on-Tangible-Asset is ranked better than 79.21% of 1034
companies
in the Semiconductors industry
Industry Median: 3.27
vs ROCO:3227: 11.41
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.
PixArt Imaging Return-on-Tangible-Asset Related Terms
PixArt Imaging Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for PixArt Imaging'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:3227 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, PixArt Imaging'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.
PixArt Imaging Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, PixArt Imaging's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PixArt Imaging'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 11.67% mean?
PixArt Imaging (ROCO:3227) has a Return-on-Tangible-Asset of 11.67% 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 PixArt Imaging and its competitors. This is near median its historical median of 11.28. Over the past decade, PixArt Imaging's Return-on-Tangible-Asset has ranged from 2.51 to 14.15. According to the industry distribution chart, PixArt Imaging ranks #215 out of 1034 companies in the Semiconductors industry, placing it in the top 20.8%.
Is PixArt Imaging's Return-on-Tangible-Asset too high?
PixArt Imaging's current Return-on-Tangible-Asset of 11.67% is near median its 10-year median of 11.28. Over the past 10 years, this metric has ranged from a low of 2.51 to a high of 14.15. The Semiconductors industry median Return-on-Tangible-Asset is 3.27. PixArt Imaging's value of 11.67% is 256.9% above this industry median. Based on the distribution chart, PixArt Imaging ranks #215 out of 1034 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, PixArt Imaging has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PixArt Imaging's Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, PixArt Imaging ranks #215 out of 1034 companies for Return-on-Tangible-Asset. This places PixArt Imaging in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.27. PixArt Imaging's value of 11.67% is 256.9% above this benchmark. Historically, PixArt Imaging's own Return-on-Tangible-Asset has ranged from 2.51 to 14.15 over the past decade. While the company's 10-year median is 11.28 vs. the industry median of 3.27, PixArt Imaging 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 3.27, based on 1,034 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. PixArt Imaging's current Return-on-Tangible-Asset of 11.67% is 256.9% 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 PixArt Imaging and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PixArt Imaging's current Return-on-Tangible-Asset is 11.67%, which is near median its own 10-year median of 11.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PixArt Imaging stock overvalued right now?
Based on GuruFocus' analysis, PixArt Imaging (ROCO:3227) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$241.28, compared to a current price of NT$198.00 — trading 17.9% below its estimated fair value. The current Return-on-Tangible-Asset is 11.67%, which is near median its 10-year median of 11.28 and 256.9% above the Semiconductors industry median of 3.27. PixArt Imaging's overall GF Score™ is 72/100 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 PixArt Imaging (ROCO:3227), the current Return-on-Tangible-Asset is 11.67% 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 PixArt Imaging (ROCO:3227) Overvalued in 2026?
Based on GuruFocus' analysis, PixArt Imaging stock appears to be undervalued.
The current stock price of NT$198.00 is trading 17.9% below its estimated GF Value™ of NT$241.28.
GuruFocus considers PixArt Imaging to be Modestly Undervalued.
Key valuation signals for ROCO:3227:
Return-on-Tangible-Asset: 11.67% (near median its 10-year median of 11.28)
GF Value™: NT$241.28 vs. price of NT$198.00 (17.9% below fair value)
Industry Position: 256.9% above the Semiconductors median (#215 of 1034)
No single metric tells the full story. See the ROCO:3227 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PixArt Imaging Inc manufactures and sells CMOS image sensors and related integrated circuits. It offers wired & wireless mouse sensors, PS2 mouse soc, USB mouse soc, laser mouse sensor, CMOS image sensor, PC-camera SoC, PC-camera controller, and others. Geographically, the company derives a majority of its revenue from Taiwan and Asia and other regions.
72GF Score
Get the complete analysis for ROCO:3227
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