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United OrthopedicROCO:4129 -1.01%75 Return-on-Tangible-Asset is 4.72% as of Mar. 2026, which is 13% above its 10-year median of 4.19. GuruFocus rates ROCO:4129 with a GF Score™ of 75/100 and a GF Value™ of NT$129.40 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 853 Medical Devices & Instruments companies, United Orthopedic ranks better than 70.57% 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. United Orthopedic's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$351 Mil. United Orthopedic's average total tangible assets for the quarter that ended in Mar. 2026 was NT$7,445 Mil. Therefore, United Orthopedic's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.72%.
The historical rank and industry rank for United Orthopedic's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:4129'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.07 Med: 4.19 Max: 8.22
Current: 6.57
During the past 13 years, United Orthopedic's highest Return-on-Tangible-Asset was 8.22%. The lowest was 1.07%. And the median was 4.19%.
ROCO:4129's Return-on-Tangible-Asset is ranked better than 70.57% of 853
companies
in the Medical Devices & Instruments industry
Industry Median: 0.81
vs ROCO:4129: 6.57
United Orthopedic (ROCO:4129) 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.
United Orthopedic Return-on-Tangible-Asset Related Terms
United Orthopedic Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for United Orthopedic'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:4129 vs ABT, SYK, MDT: Return-on-Tangible-Asset Comparison
For the Medical Devices subindustry, United Orthopedic'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.
United Orthopedic Return-on-Tangible-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, United Orthopedic's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where United Orthopedic'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.72% mean?
United Orthopedic (ROCO:4129) has a Return-on-Tangible-Asset of 4.72% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on United Orthopedic and its competitors. This is 13% above median its historical median of 4.19. Over the past decade, United Orthopedic's Return-on-Tangible-Asset has ranged from 1.07 to 8.22. According to the industry distribution chart, United Orthopedic ranks #251 out of 853 companies in the Medical Devices & Instruments industry, placing it in the top 29.4%.
Is United Orthopedic's Return-on-Tangible-Asset too high?
United Orthopedic's current Return-on-Tangible-Asset of 4.72% is 13% above median its 10-year median of 4.19. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 8.22. The Medical Devices & Instruments industry median Return-on-Tangible-Asset is 0.81. United Orthopedic's value of 4.72% is 482.7% above this industry median. Based on the distribution chart, United Orthopedic ranks #251 out of 853 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, United Orthopedic has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Orthopedic's Return-on-Tangible-Asset compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, United Orthopedic ranks #251 out of 853 companies for Return-on-Tangible-Asset. This puts United Orthopedic in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.81. United Orthopedic's value of 4.72% is 482.7% above this benchmark. Historically, United Orthopedic's own Return-on-Tangible-Asset has ranged from 1.07 to 8.22 over the past decade. While the company's 10-year median is 4.19 vs. the industry median of 0.81, United Orthopedic 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Asset among Medical Devices & Instruments companies is 0.81, based on 853 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. United Orthopedic's current Return-on-Tangible-Asset of 4.72% is 482.7% 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 United Orthopedic and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Asset is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Orthopedic's current Return-on-Tangible-Asset is 4.72%, which is 13% above median its own 10-year median of 4.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Orthopedic stock overvalued right now?
Based on GuruFocus' analysis, United Orthopedic (ROCO:4129) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$129.40, compared to a current price of NT$88.10 — trading 31.9% below its estimated fair value. The current Return-on-Tangible-Asset is 4.72%, which is 13% above median its 10-year median of 4.19 and 482.7% above the Medical Devices & Instruments industry median of 0.81. United Orthopedic's overall GF Score™ is 75/100 with 3 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 United Orthopedic (ROCO:4129), the current Return-on-Tangible-Asset is 4.72% as of Mar. 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 United Orthopedic (ROCO:4129) Overvalued in 2026?
Based on GuruFocus' analysis, United Orthopedic stock appears to be undervalued.
The current stock price of NT$88.10 is trading 31.9% below its estimated GF Value™ of NT$129.40.
GuruFocus considers United Orthopedic to be Significantly Undervalued.
Key valuation signals for ROCO:4129:
Return-on-Tangible-Asset: 4.72% (13% above median its 10-year median of 4.19)
GF Value™: NT$129.40 vs. price of NT$88.10 (31.9% below fair value)
Industry Position: 482.7% above the Medical Devices & Instruments median (#251 of 853)
No single metric tells the full story. See the ROCO:4129 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Orthopedic Corp is engaged in the research, development, production, manufacturing, and sales of orthopedic implants, orthopedic surgical instruments and manufacturing equipment, special metal and plastics materials, as well as the import and export of the aforementioned products. Its products include Hip System, Knee System, and Limb Salvage.
75GF Score
Get the complete analysis for ROCO:4129
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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