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Allied IndustrialROCO:4702 +1.37%48 Return-on-Tangible-Asset is 8.30% as of Mar. 2026, which is 146% above its 10-year median of 3.37. GuruFocus rates ROCO:4702 with a GF Score™ of 48/100 and a GF Value™ of NT$3.12 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,613 Chemicals companies, Allied Industrial ranks better than 75.7% 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. Allied Industrial's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$129.15 Mil. Allied Industrial's average total tangible assets for the quarter that ended in Mar. 2026 was NT$1,556.74 Mil. Therefore, Allied Industrial's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.30%.
The historical rank and industry rank for Allied Industrial's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:4702'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -33.24 Med: 3.37 Max: 8.27
Current: 7.27
During the past 13 years, Allied Industrial's highest Return-on-Tangible-Asset was 8.27%. The lowest was -33.24%. And the median was 3.37%.
ROCO:4702's Return-on-Tangible-Asset is ranked better than 75.7% of 1613
companies
in the Chemicals industry
Industry Median: 3.13
vs ROCO:4702: 7.27
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.
Allied Industrial Return-on-Tangible-Asset Related Terms
Allied Industrial Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Allied Industrial'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:4702 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Allied Industrial'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.
Allied Industrial Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Allied Industrial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Allied Industrial'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 8.30% mean?
Allied Industrial (ROCO:4702) has a Return-on-Tangible-Asset of 8.30% 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 Allied Industrial and its competitors. This is 146% above median its historical median of 3.37. According to the industry distribution chart, Allied Industrial ranks #392 out of 1613 companies in the Chemicals industry, placing it in the top 24.3%.
Is Allied Industrial's Return-on-Tangible-Asset too high?
Allied Industrial's current Return-on-Tangible-Asset of 8.30% is 146% above median its 10-year median of 3.37. The Chemicals industry median Return-on-Tangible-Asset is 3.13. Allied Industrial's value of 8.30% is 165.2% above this industry median. Based on the distribution chart, Allied Industrial ranks #392 out of 1613 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Allied Industrial has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Allied Industrial's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Allied Industrial ranks #392 out of 1613 companies for Return-on-Tangible-Asset. This places Allied Industrial in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.13. Allied Industrial's value of 8.30% is 165.2% above this benchmark. While the company's 10-year median is 3.37 vs. the industry median of 3.13, Allied Industrial 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.13, based on 1,613 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. Allied Industrial's current Return-on-Tangible-Asset of 8.30% is 165.2% 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 Allied Industrial and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Allied Industrial's current Return-on-Tangible-Asset is 8.30%, which is 146% above median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allied Industrial stock overvalued right now?
Based on GuruFocus' analysis, Allied Industrial (ROCO:4702) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$3.12, compared to a current price of NT$9.64 — trading 209% above its estimated fair value. The current Return-on-Tangible-Asset is 8.30%, which is 146% above median its 10-year median of 3.37 and 165.2% above the Chemicals industry median of 3.13. Allied Industrial's overall GF Score™ is 48/100 with 6 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 Allied Industrial (ROCO:4702), the current Return-on-Tangible-Asset is 8.30% 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 Allied Industrial (ROCO:4702) Overvalued in 2026?
Based on GuruFocus' analysis, Allied Industrial stock appears to be overvalued.
The current stock price of NT$9.64 is trading 209% above its estimated GF Value™ of NT$3.12.
GuruFocus considers Allied Industrial to be Significantly Overvalued.
Key valuation signals for ROCO:4702:
Return-on-Tangible-Asset: 8.30% (146% above median its 10-year median of 3.37)
GF Value™: NT$3.12 vs. price of NT$9.64 (209% above fair value)
Industry Position: 165.2% above the Chemicals median (#392 of 1613)
No single metric tells the full story. See the ROCO:4702 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Allied Industrial Corp Ltd is engaged in the trading of disperse dyes, automobiles, and commodities, and in the production and sale of cigarette filters, nylon fibers, and polyester fibers. It is also actively investing in new businesses, including mobile distribution, venture capital, and financial technology. The group has two reportable operating segments: Department A and Department B. Department A, which generates the majority of overall revenue, is engaged in the trading of chemical products, such as dyes, in Taiwan. Department B is engaged in the trading of various commodities, while other departments are engaged in strategic investments. Geographically, it operates in Taiwan and Asia, which generate the maximum revenue, as well as other regions.
48GF Score
Get the complete analysis for ROCO:4702
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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