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.
BISON ElectronicsROCO:3659 -1.88%62 Return-on-Tangible-Asset is 6.18% as of Dec. 2025, which is 3% above its 10-year median of 5.98. GuruFocus rates ROCO:3659 with a GF Score™ of 62/100 and a GF Value™ of NT$30.39 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,501 Hardware companies, BISON Electronics ranks better than 60.26% 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. BISON Electronics's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$147 Mil. BISON Electronics's average total tangible assets for the quarter that ended in Dec. 2025 was NT$2,376 Mil. Therefore, BISON Electronics's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 6.18%.
The historical rank and industry rank for BISON Electronics's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:3659'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.71 Med: 5.98 Max: 8.45
Current: 4.12
During the past 13 years, BISON Electronics's highest Return-on-Tangible-Asset was 8.45%. The lowest was 0.71%. And the median was 5.98%.
ROCO:3659's Return-on-Tangible-Asset is ranked better than 60.26% of 2501
companies
in the Hardware industry
Industry Median: 2.48
vs ROCO:3659: 4.12
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.
BISON Electronics Return-on-Tangible-Asset Related Terms
BISON Electronics Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for BISON Electronics'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:3659 vs DELL, ANET, SNDK: Return-on-Tangible-Asset Comparison
For the Computer Hardware subindustry, BISON Electronics'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.
BISON Electronics Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, BISON Electronics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BISON Electronics'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 6.18% mean?
BISON Electronics (ROCO:3659) has a Return-on-Tangible-Asset of 6.18% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BISON Electronics and its competitors. This is near median its historical median of 5.98. Over the past decade, BISON Electronics' Return-on-Tangible-Asset has ranged from 0.71 to 8.45. According to the industry distribution chart, BISON Electronics ranks #994 out of 2501 companies in the Hardware industry, placing it in the top 39.7%.
Is BISON Electronics' Return-on-Tangible-Asset too high?
BISON Electronics' current Return-on-Tangible-Asset of 6.18% is near median its 10-year median of 5.98. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 8.45. The Hardware industry median Return-on-Tangible-Asset is 2.48. BISON Electronics' value of 6.18% is 149.2% above this industry median. Based on the distribution chart, BISON Electronics ranks #994 out of 2501 companies in the Hardware industry, which is above the industry midpoint. Overall, BISON Electronics has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BISON Electronics' Return-on-Tangible-Asset compare to DELL and ANET?
According to the Hardware industry distribution chart, BISON Electronics ranks #994 out of 2501 companies for Return-on-Tangible-Asset. This puts BISON Electronics in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.48. BISON Electronics' value of 6.18% is 149.2% above this benchmark. Historically, BISON Electronics' own Return-on-Tangible-Asset has ranged from 0.71 to 8.45 over the past decade. While the company's 10-year median is 5.98 vs. the industry median of 2.48, BISON Electronics 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. BISON Electronics's current Return-on-Tangible-Asset of 6.18% is 149.2% 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 BISON Electronics 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. BISON Electronics's current Return-on-Tangible-Asset is 6.18%, which is near median its own 10-year median of 5.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BISON Electronics stock overvalued right now?
Based on GuruFocus' analysis, BISON Electronics (ROCO:3659) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$30.39, compared to a current price of NT$15.70 — trading 48.3% below its estimated fair value. The current Return-on-Tangible-Asset is 6.18%, which is near median its 10-year median of 5.98 and 149.2% above the Hardware industry median of 2.48. BISON Electronics' overall GF Score™ is 62/100 with 5 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 BISON Electronics (ROCO:3659), the current Return-on-Tangible-Asset is 6.18% as of Dec. 2025. 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 BISON Electronics (ROCO:3659) Overvalued in 2026?
Based on GuruFocus' analysis, BISON Electronics stock appears to be undervalued.
The current stock price of NT$15.70 is trading 48.3% below its estimated GF Value™ of NT$30.39.
GuruFocus considers BISON Electronics to be Significantly Undervalued.
Key valuation signals for ROCO:3659:
Return-on-Tangible-Asset: 6.18% (near median its 10-year median of 5.98)
GF Value™: NT$30.39 vs. price of NT$15.70 (48.3% below fair value)
Industry Position: 149.2% above the Hardware median (#994 of 2501)
No single metric tells the full story. See the ROCO:3659 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BISON Electronics Inc is an equipment manufacturer in Taiwan. It manufactures camera modules, displays, peripheral devices, and computer-relevant accessories.
62GF Score
Get the complete analysis for ROCO:3659
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:3659 has been successfully added to your 
