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GCS HoldingsROCO:4991 -9.56%62 Return-on-Tangible-Asset is 18.04% as of Mar. 2026. GuruFocus rates ROCO:4991 with a GF Score™ of 62/100 and a GF Value™ of NT$113.92 (Significantly Overvalued). Among 1,033 Semiconductors companies, GCS Holdings ranks better than 68.34% 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. GCS Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$784 Mil. GCS Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was NT$4,347 Mil. Therefore, GCS Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.04%.
The historical rank and industry rank for GCS Holdings's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:4991'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.28 Med: -1.29 Max: 12.59
Current: 7.71
During the past 13 years, GCS Holdings's highest Return-on-Tangible-Asset was 12.59%. The lowest was -20.28%. And the median was -1.29%.
ROCO:4991's Return-on-Tangible-Asset is ranked better than 68.34% of 1033
companies
in the Semiconductors industry
Industry Median: 3.4
vs ROCO:4991: 7.71
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.
GCS Holdings Return-on-Tangible-Asset Related Terms
GCS Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for GCS Holdings'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:4991 vs AMAT, LRCX, KLAC: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, GCS Holdings'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.
GCS Holdings Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, GCS Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where GCS Holdings'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 18.04% mean?
GCS Holdings (ROCO:4991) has a Return-on-Tangible-Asset of 18.04% 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 GCS Holdings and its competitors. According to the industry distribution chart, GCS Holdings ranks #327 out of 1033 companies in the Semiconductors industry, placing it in the top 31.7%.
Is GCS Holdings' Return-on-Tangible-Asset too high?
GCS Holdings' current Return-on-Tangible-Asset is 18.04%. The Semiconductors industry median Return-on-Tangible-Asset is 3.40. GCS Holdings' value of 18.04% is 430.6% above this industry median. Based on the distribution chart, GCS Holdings ranks #327 out of 1033 companies in the Semiconductors industry, which is above the industry midpoint. Overall, GCS Holdings has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GCS Holdings' Return-on-Tangible-Asset compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, GCS Holdings ranks #327 out of 1033 companies for Return-on-Tangible-Asset. This puts GCS Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.40. GCS Holdings' value of 18.04% is 430.6% 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 3.40, based on 1,033 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. GCS Holdings's current Return-on-Tangible-Asset of 18.04% is 430.6% 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 GCS Holdings and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GCS Holdings's current Return-on-Tangible-Asset is 18.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GCS Holdings stock overvalued right now?
Based on GuruFocus' analysis, GCS Holdings (ROCO:4991) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$113.92, compared to a current price of NT$435.00 — trading 281.8% above its estimated fair value. The current Return-on-Tangible-Asset is 18.04% and 430.6% above the Semiconductors industry median of 3.40. GCS Holdings' overall GF Score™ is 62/100. 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 GCS Holdings (ROCO:4991), the current Return-on-Tangible-Asset is 18.04% 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 GCS Holdings (ROCO:4991) Overvalued in 2026?
Based on GuruFocus' analysis, GCS Holdings stock appears to be overvalued.
The current stock price of NT$435.00 is trading 281.8% above its estimated GF Value™ of NT$113.92.
GuruFocus considers GCS Holdings to be Significantly Overvalued.
Key valuation signals for ROCO:4991:
Return-on-Tangible-Asset: 18.04%
GF Value™: NT$113.92 vs. price of NT$435.00 (281.8% above fair value)
Industry Position: 430.6% above the Semiconductors median (#327 of 1033)
No single metric tells the full story. See the ROCO:4991 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GCS Holdings Inc through its subsidiaries, is engaged in the manufacturing of compound semiconductor wafers and foundry-related services as well as the licensing of intellectual property. It is also engaged in the research, development, manufacture, and sales of optoelectronics technology products. Its portfolio offerings include Radio Frequency Integrated Circuits (RFIC) and millimeter-wave integrated circuits for the wireless markets, power devices for power electronics, and Photodetectors and Lasers for the optical communications market. Geographically, the company generates a majority of its revenue from China and the rest from the United States, Taiwan, and other markets.
62GF Score
Get the complete analysis for ROCO:4991
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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