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Magnate Technology CoROCO:4541 +3.45%58 Return-on-Tangible-Asset is 4.78% as of Mar. 2026, which is 158% above its 10-year median of 1.85. GuruFocus rates ROCO:4541 with a GF Score™ of 58/100 and a GF Value™ of NT$48.59 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 361 Aerospace & Defense companies, Magnate Technology Co ranks better than 54.85% 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. Magnate Technology Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$183 Mil. Magnate Technology Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$3,837 Mil. Therefore, Magnate Technology Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.78%.
The historical rank and industry rank for Magnate Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:4541'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.2 Med: 1.85 Max: 3.68
Current: 3.62
During the past 13 years, Magnate Technology Co's highest Return-on-Tangible-Asset was 3.68%. The lowest was -2.20%. And the median was 1.85%.
ROCO:4541's Return-on-Tangible-Asset is ranked better than 54.85% of 361
companies
in the Aerospace & Defense industry
Industry Median: 3.05
vs ROCO:4541: 3.62
Magnate Technology Co (ROCO:4541) 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.
Magnate Technology Co Return-on-Tangible-Asset Related Terms
Magnate Technology Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Magnate Technology 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.
Magnate Technology Co Return-on-Tangible-Asset Chart
ROCO:4541 vs SPCX, GE, RTX: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Magnate Technology 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.
Magnate Technology Co Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Magnate Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Magnate Technology 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.78% mean?
Magnate Technology Co (ROCO:4541) has a Return-on-Tangible-Asset of 4.78% 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 Magnate Technology Co and its competitors. This is 158% above median its historical median of 1.85. According to the industry distribution chart, Magnate Technology Co ranks #163 out of 361 companies in the Aerospace & Defense industry, placing it in the top 45.2%.
Is Magnate Technology Co's Return-on-Tangible-Asset too high?
Magnate Technology Co's current Return-on-Tangible-Asset of 4.78% is 158% above median its 10-year median of 1.85. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.05. Magnate Technology Co's value of 4.78% is 56.7% above this industry median. Based on the distribution chart, Magnate Technology Co ranks #163 out of 361 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Magnate Technology Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Magnate Technology Co's Return-on-Tangible-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Magnate Technology Co ranks #163 out of 361 companies for Return-on-Tangible-Asset. This puts Magnate Technology Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.05. Magnate Technology Co's value of 4.78% is 56.7% above this benchmark. While the company's 10-year median is 1.85 vs. the industry median of 3.05, Magnate Technology Co 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 an Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.05, based on 361 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. Magnate Technology Co's current Return-on-Tangible-Asset of 4.78% is 56.7% 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 Magnate Technology Co and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnate Technology Co's current Return-on-Tangible-Asset is 4.78%, which is 158% above median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnate Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Magnate Technology Co (ROCO:4541) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$48.59, compared to a current price of NT$65.90 — trading 35.6% above its estimated fair value. The current Return-on-Tangible-Asset is 4.78%, which is 158% above median its 10-year median of 1.85 and 56.7% above the Aerospace & Defense industry median of 3.05. Magnate Technology Co's overall GF Score™ is 58/100 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 Magnate Technology Co (ROCO:4541), the current Return-on-Tangible-Asset is 4.78% 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 Magnate Technology Co (ROCO:4541) Overvalued in 2026?
Based on GuruFocus' analysis, Magnate Technology Co stock appears to be overvalued.
The current stock price of NT$65.90 is trading 35.6% above its estimated GF Value™ of NT$48.59.
GuruFocus considers Magnate Technology Co to be Significantly Overvalued.
Key valuation signals for ROCO:4541:
Return-on-Tangible-Asset: 4.78% (158% above median its 10-year median of 1.85)
GF Value™: NT$48.59 vs. price of NT$65.90 (35.6% above fair value)
Industry Position: 56.7% above the Aerospace & Defense median (#163 of 361)
No single metric tells the full story. See the ROCO:4541 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Magnate Technology Co Ltd is a Taiwan-based company operating in the Aerospace & Defense Industry. The company is mainly engaged in the processing or manufacturing and sells aircraft components, mechanical equipment components and general instrument components, and other related products, It also provides aerospace product processing services. The company operates in single segment. Geographically it generates the majority of its revenue from Taiwan, and also has its presence in Japan and Others.
58GF Score
Get the complete analysis for ROCO:4541
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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