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TruelightROCO:3234 +1.03%32 Return-on-Tangible-Asset is -5.58% as of Jun. 2026. GuruFocus rates ROCO:3234 with a GF Score™ of 32/100 and a GF Value™ of NT$40.01 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,033 Semiconductors companies, Truelight ranks worse than 87.51% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Truelight's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$-69.8 Mil. Truelight's average total tangible assets for the quarter that ended in Jun. 2026 was NT$1,250.4 Mil. Therefore, Truelight's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -5.58%.
The historical rank and industry rank for Truelight's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:3234'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -26.75 Med: -9.54 Max: 6.83
Current: -13.45
During the past 13 years, Truelight's highest Return-on-Tangible-Asset was 6.83%. The lowest was -26.75%. And the median was -9.54%.
ROCO:3234's Return-on-Tangible-Asset is ranked worse than 87.51% of 1033
companies
in the Semiconductors industry
Industry Median: 3.14
vs ROCO:3234: -13.45
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.
Truelight Return-on-Tangible-Asset Related Terms
Truelight Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Truelight'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:3234 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Truelight'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.
Truelight Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Truelight's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Truelight'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 -5.58% mean?
Truelight (ROCO:3234) has a Return-on-Tangible-Asset of -5.58% 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 Truelight and its competitors. According to the industry distribution chart, Truelight ranks #904 out of 1033 companies in the Semiconductors industry, placing it in the top 87.5%.
Is Truelight's Return-on-Tangible-Asset too high?
Truelight's current Return-on-Tangible-Asset is -5.58%. Based on the distribution chart, Truelight ranks #904 out of 1033 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Truelight has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Truelight's Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Truelight ranks #904 out of 1033 companies for Return-on-Tangible-Asset. This places Truelight in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.14. 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 3.14, based on 1,033 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. 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 Truelight and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 3.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Truelight's current Return-on-Tangible-Asset is -5.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Truelight stock overvalued right now?
Based on GuruFocus' analysis, Truelight (ROCO:3234) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$40.01, compared to a current price of NT$147.50 — trading 268.7% above its estimated fair value. The current Return-on-Tangible-Asset is -5.58%. Truelight's overall GF Score™ is 32/100 with 6 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 Truelight (ROCO:3234), the current Return-on-Tangible-Asset is -5.58% 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 Truelight (ROCO:3234) Overvalued in 2026?
Based on GuruFocus' analysis, Truelight stock appears to be overvalued.
The current stock price of NT$147.50 is trading 268.7% above its estimated GF Value™ of NT$40.01.
GuruFocus considers Truelight to be Significantly Overvalued.
Key valuation signals for ROCO:3234:
Return-on-Tangible-Asset: -5.58%
GF Value™: NT$40.01 vs. price of NT$147.50 (268.7% above fair value)
No single metric tells the full story. See the ROCO:3234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Truelight Corp engages in the manufacturing and supply of components for the local area networks, storage area network, fiber to the home, and metro area network. The business items of the company are design, research and development, Production, and sales, which are applied to optical fiber communication, mobile communication base station interconnection, cloud data center, 3D Sensing/Near-Field Sensing/Flood Illumination Vertical Cavity Surface Emitting Laser, Edge laser, photodiode, including components, sub-modules, Light engine/AOC and other types of products. The products of the company include VCSEL chips, FP-LD chips, DFB-LD chips, and PIN chips.
32GF Score
Get the complete analysis for ROCO:3234
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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