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Gloria Material TechnologyROCO:5009 -0.45%65 Return-on-Tangible-Asset is 3.34% as of Jun. 2026, which is 27% above its 10-year median of 2.64. GuruFocus rates ROCO:5009 with a GF Score™ of 65/100 and a GF Value™ of NT$38.18 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 632 Steel companies, Gloria Material Technology ranks better than 62.66% 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. Gloria Material Technology's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$1,125 Mil. Gloria Material Technology's average total tangible assets for the quarter that ended in Jun. 2026 was NT$33,666 Mil. Therefore, Gloria Material Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 3.34%.
The historical rank and industry rank for Gloria Material Technology's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:5009'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.79 Med: 2.64 Max: 8.52
Current: 3.73
During the past 13 years, Gloria Material Technology's highest Return-on-Tangible-Asset was 8.52%. The lowest was 0.79%. And the median was 2.64%.
ROCO:5009's Return-on-Tangible-Asset is ranked better than 62.66% of 632
companies
in the Steel industry
Industry Median: 2.41
vs ROCO:5009: 3.73
Gloria Material Technology (ROCO:5009) 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.
Gloria Material Technology Return-on-Tangible-Asset Related Terms
Gloria Material Technology Return-on-Tangible-Asset Historical Data
* 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.
Gloria Material Technology Return-on-Tangible-Asset Chart
ROCO:5009 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Gloria Material Technology'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.
Gloria Material Technology Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Gloria Material Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Gloria Material Technology'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 3.34% mean?
Gloria Material Technology (ROCO:5009) has a Return-on-Tangible-Asset of 3.34% 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 Gloria Material Technology and its competitors. This is 27% above median its historical median of 2.64. Over the past decade, Gloria Material Technology's Return-on-Tangible-Asset has ranged from 0.79 to 8.52. According to the industry distribution chart, Gloria Material Technology ranks #236 out of 632 companies in the Steel industry, placing it in the top 37.3%.
Is Gloria Material Technology's Return-on-Tangible-Asset too high?
Gloria Material Technology's current Return-on-Tangible-Asset of 3.34% is 27% above median its 10-year median of 2.64. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 8.52. The Steel industry median Return-on-Tangible-Asset is 2.41. Gloria Material Technology's value of 3.34% is 38.6% above this industry median. Based on the distribution chart, Gloria Material Technology ranks #236 out of 632 companies in the Steel industry, which is above the industry midpoint. Overall, Gloria Material Technology has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gloria Material Technology's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Gloria Material Technology ranks #236 out of 632 companies for Return-on-Tangible-Asset. This puts Gloria Material Technology in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.41. Gloria Material Technology's value of 3.34% is 38.6% above this benchmark. Historically, Gloria Material Technology's own Return-on-Tangible-Asset has ranged from 0.79 to 8.52 over the past decade. While the company's 10-year median is 2.64 vs. the industry median of 2.41, Gloria Material Technology 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.41, based on 632 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. Gloria Material Technology's current Return-on-Tangible-Asset of 3.34% is 38.6% 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 Gloria Material Technology and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gloria Material Technology's current Return-on-Tangible-Asset is 3.34%, which is 27% above median its own 10-year median of 2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gloria Material Technology stock overvalued right now?
Based on GuruFocus' analysis, Gloria Material Technology (ROCO:5009) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$38.18, compared to a current price of NT$33.15 — trading 13.2% below its estimated fair value. The current Return-on-Tangible-Asset is 3.34%, which is 27% above median its 10-year median of 2.64 and 38.6% above the Steel industry median of 2.41. Gloria Material Technology's overall GF Score™ is 65/100 with 7 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 Gloria Material Technology (ROCO:5009), the current Return-on-Tangible-Asset is 3.34% 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 Gloria Material Technology (ROCO:5009) Overvalued in 2026?
Based on GuruFocus' analysis, Gloria Material Technology stock appears to be undervalued.
The current stock price of NT$33.15 is trading 13.2% below its estimated GF Value™ of NT$38.18.
GuruFocus considers Gloria Material Technology to be Modestly Undervalued.
Key valuation signals for ROCO:5009:
Return-on-Tangible-Asset: 3.34% (27% above median its 10-year median of 2.64)
GF Value™: NT$38.18 vs. price of NT$33.15 (13.2% below fair value)
Industry Position: 38.6% above the Steel median (#236 of 632)
No single metric tells the full story. See the ROCO:5009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gloria Material Technology Corp is mainly engaged in the production and sale of special steel, carbon steel, alloy steel, super alloy, and the smelting of the raw materials of these products. It provides various quality materials such as Superalloy, Titanium Alloy, High Speed Steel, Tool Steel, Stainless Steel, various ESR, VAR materials, and Quenched-Tempered Steel, and has various steel grades. Its product shapes are focused on Round bars and Square bars. The company's products include: Stainless steel, Alloy tool steel, alloy steel, carbon steel, and Super Alloy. The Group's reportable segments were as follows: The Company, Golden Win International Corp, Golden Win Steel Industrial Corp, All Win Enterprises Ltd, and others.
65GF Score
Get the complete analysis for ROCO:5009
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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