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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. Tien Liang BioTech Co's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$56.6 Mil. Tien Liang BioTech Co's average total tangible assets for the quarter that ended in Jun. 2026 was NT$1,221.3 Mil. Therefore, Tien Liang BioTech Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 4.64%.
The historical rank and industry rank for Tien Liang BioTech Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:4127'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -19.64 Med: -2.67 Max: 8.94
Current: 0.55
During the past 13 years, Tien Liang BioTech Co's highest Return-on-Tangible-Asset was 8.94%. The lowest was -19.64%. And the median was -2.67%.
ROCO:4127's Return-on-Tangible-Asset is ranked worse than 61.33% of 1006
companies
in the Drug Manufacturers industry
Industry Median: 3.015
vs ROCO:4127: 0.55
Tien Liang BioTech Co (ROCO:4127) 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.
Tien Liang BioTech Co Return-on-Tangible-Asset Related Terms
Tien Liang BioTech Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tien Liang BioTech Co'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.
Tien Liang BioTech Co Return-on-Tangible-Asset Chart
ROCO:4127 vs ZTS: Return-on-Tangible-Asset Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Tien Liang BioTech Co'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.
Tien Liang BioTech Co Return-on-Tangible-Asset vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Tien Liang BioTech Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tien Liang BioTech Co'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 4.64% mean?
Tien Liang BioTech Co (ROCO:4127) has a Return-on-Tangible-Asset of 4.64% 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 Tien Liang BioTech Co and its competitors. According to the industry distribution chart, Tien Liang BioTech Co ranks #617 out of 1006 companies in the Drug Manufacturers industry, placing it in the top 61.3%.
Is Tien Liang BioTech Co's Return-on-Tangible-Asset too high?
Tien Liang BioTech Co's current Return-on-Tangible-Asset is 4.64%. The Drug Manufacturers industry median Return-on-Tangible-Asset is 3.02. Tien Liang BioTech Co's value of 4.64% is 53.9% above this industry median. Based on the distribution chart, Tien Liang BioTech Co ranks #617 out of 1006 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Tien Liang BioTech Co has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tien Liang BioTech Co's Return-on-Tangible-Asset compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Tien Liang BioTech Co ranks #617 out of 1006 companies for Return-on-Tangible-Asset. This places Tien Liang BioTech Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.02. Tien Liang BioTech Co's value of 4.64% is 53.9% above this benchmark. 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 Drug Manufacturers company?
The median Return-on-Tangible-Asset among Drug Manufacturers companies is 3.02, based on 1,006 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. Tien Liang BioTech Co's current Return-on-Tangible-Asset of 4.64% is 53.9% 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 Tien Liang BioTech Co and its competitors. For the Drug Manufacturers industry, the median Return-on-Tangible-Asset is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tien Liang BioTech Co's current Return-on-Tangible-Asset is 4.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tien Liang BioTech Co stock overvalued right now?
Based on GuruFocus' analysis, Tien Liang BioTech Co (ROCO:4127) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$45.54, compared to a current price of NT$83.30 — trading 82.9% above its estimated fair value. The current Return-on-Tangible-Asset is 4.64% and 53.9% above the Drug Manufacturers industry median of 3.02. Tien Liang BioTech Co's overall GF Score™ is 36/100 with 8 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 Tien Liang BioTech Co (ROCO:4127), the current Return-on-Tangible-Asset is 4.64% 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 Tien Liang BioTech Co (ROCO:4127) Overvalued in 2026?
Based on GuruFocus' analysis, Tien Liang BioTech Co stock appears to be overvalued.
The current stock price of NT$83.30 is trading 82.9% above its estimated GF Value™ of NT$45.54.
GuruFocus considers Tien Liang BioTech Co to be Significantly Overvalued.
Key valuation signals for ROCO:4127:
Return-on-Tangible-Asset: 4.64%
GF Value™: NT$45.54 vs. price of NT$83.30 (82.9% above fair value)
Industry Position: 53.9% above the Drug Manufacturers median (#617 of 1006)
No single metric tells the full story. See the ROCO:4127 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tien Liang BioTech Co Ltd develops and supplies chemicals, pharmaceutical, and Chinese herbs. It offers products for the treatment of intestinal track disease, osteoporosis, eye drops, cholesterin content, angiosclerosis, and hepatic diseases.
36GF Score
Get the complete analysis for ROCO:4127
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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