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Zen VoceROCO:3581 -5.75%62 Return-on-Tangible-Asset is 5.56% as of Jun. 2026, which is 58% above its 10-year median of 3.51. GuruFocus rates ROCO:3581 with a GF Score™ of 62/100 and a GF Value™ of NT$58.94 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,031 Semiconductors companies, Zen Voce ranks better than 52.76% 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. Zen Voce's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$128 Mil. Zen Voce's average total tangible assets for the quarter that ended in Jun. 2026 was NT$2,293 Mil. Therefore, Zen Voce's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 5.56%.
The historical rank and industry rank for Zen Voce's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:3581'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.43 Med: 3.51 Max: 6.25
Current: 5.81
During the past 13 years, Zen Voce's highest Return-on-Tangible-Asset was 6.25%. The lowest was 1.43%. And the median was 3.51%.
ROCO:3581's Return-on-Tangible-Asset is ranked better than 52.76% of 1031
companies
in the Semiconductors industry
Industry Median: 2.88
vs ROCO:3581: 5.81
Zen Voce (ROCO:3581) 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.
Zen Voce Return-on-Tangible-Asset Related Terms
Zen Voce Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Zen Voce'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:3581 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Zen Voce'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.
Zen Voce Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Zen Voce's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zen Voce'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 5.56% mean?
Zen Voce (ROCO:3581) has a Return-on-Tangible-Asset of 5.56% 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 Zen Voce and its competitors. This is 58% above median its historical median of 3.51. Over the past decade, Zen Voce's Return-on-Tangible-Asset has ranged from 1.43 to 6.25. According to the industry distribution chart, Zen Voce ranks #487 out of 1031 companies in the Semiconductors industry, placing it in the top 47.2%.
Is Zen Voce's Return-on-Tangible-Asset too high?
Zen Voce's current Return-on-Tangible-Asset of 5.56% is 58% above median its 10-year median of 3.51. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 6.25. The Semiconductors industry median Return-on-Tangible-Asset is 2.88. Zen Voce's value of 5.56% is 93.1% above this industry median. Based on the distribution chart, Zen Voce ranks #487 out of 1031 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Zen Voce has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zen Voce's Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Zen Voce ranks #487 out of 1031 companies for Return-on-Tangible-Asset. This puts Zen Voce in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.88. Zen Voce's value of 5.56% is 93.1% above this benchmark. Historically, Zen Voce's own Return-on-Tangible-Asset has ranged from 1.43 to 6.25 over the past decade. While the company's 10-year median is 3.51 vs. the industry median of 2.88, Zen Voce 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 2.88, based on 1,031 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. Zen Voce's current Return-on-Tangible-Asset of 5.56% is 93.1% 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 Zen Voce and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zen Voce's current Return-on-Tangible-Asset is 5.56%, which is 58% above median its own 10-year median of 3.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zen Voce stock overvalued right now?
Based on GuruFocus' analysis, Zen Voce (ROCO:3581) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$58.94, compared to a current price of NT$106.50 — trading 80.7% above its estimated fair value. The current Return-on-Tangible-Asset is 5.56%, which is 58% above median its 10-year median of 3.51 and 93.1% above the Semiconductors industry median of 2.88. Zen Voce's overall GF Score™ is 62/100 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 Zen Voce (ROCO:3581), the current Return-on-Tangible-Asset is 5.56% 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 Zen Voce (ROCO:3581) Overvalued in 2026?
Based on GuruFocus' analysis, Zen Voce stock appears to be overvalued.
The current stock price of NT$106.50 is trading 80.7% above its estimated GF Value™ of NT$58.94.
GuruFocus considers Zen Voce to be Significantly Overvalued.
Key valuation signals for ROCO:3581:
Return-on-Tangible-Asset: 5.56% (58% above median its 10-year median of 3.51)
GF Value™: NT$58.94 vs. price of NT$106.50 (80.7% above fair value)
Industry Position: 93.1% above the Semiconductors median (#487 of 1031)
No single metric tells the full story. See the ROCO:3581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zen Voce Corp is a Taiwan based company engaged in the business of providing semiconductor, optoelectronics and MEMS and LCD's equipment. It offers equipment products which include IC packaging machine design and manufacture of bumping, wafer cutting machine and cleaning machine design and manufacturing, and board cutting machine and cleaning machine design and manufacturing. The test products provided by the company includes Wafer test probe card PCB design and manufacturing, IC test HIFIX and CHANG KIT design and manufacturing, SOCKET IC design and manufacturing test, Acting IC HANDLER, and Acting SOCKET IC burn-in test.
62GF Score
Get the complete analysis for ROCO:3581
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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