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Aspeed TechnologyROCO:5274 +1.14%94 Return-on-Tangible-Asset is 52.62% as of Mar. 2026, which is 44% above its 10-year median of 36.54. GuruFocus rates ROCO:5274 with a GF Score™ of 94/100 and a GF Value™ of NT$9,337.99 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,030 Semiconductors companies, Aspeed Technology ranks better than 99.13% 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. Aspeed Technology's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$5,657 Mil. Aspeed Technology's average total tangible assets for the quarter that ended in Mar. 2026 was NT$10,750 Mil. Therefore, Aspeed Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 52.62%.
The historical rank and industry rank for Aspeed Technology's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:5274'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 22.14 Med: 36.54 Max: 47.82
Current: 47.82
During the past 13 years, Aspeed Technology's highest Return-on-Tangible-Asset was 47.82%. The lowest was 22.14%. And the median was 36.54%.
ROCO:5274's Return-on-Tangible-Asset is ranked better than 99.13% of 1030
companies
in the Semiconductors industry
Industry Median: 2.865
vs ROCO:5274: 47.82
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.
Aspeed Technology Return-on-Tangible-Asset Related Terms
Aspeed Technology Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Aspeed Technology'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:5274 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Aspeed 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.
Aspeed Technology Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Aspeed Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aspeed 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 52.62% mean?
Aspeed Technology (ROCO:5274) has a Return-on-Tangible-Asset of 52.62% 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 Aspeed Technology and its competitors. This is 44% above median its historical median of 36.54. Over the past decade, Aspeed Technology's Return-on-Tangible-Asset has ranged from 22.14 to 47.82. According to the industry distribution chart, Aspeed Technology ranks #9 out of 1030 companies in the Semiconductors industry, placing it in the top 0.90000000000001%.
Is Aspeed Technology's Return-on-Tangible-Asset too high?
Aspeed Technology's current Return-on-Tangible-Asset of 52.62% is 44% above median its 10-year median of 36.54. Over the past 10 years, this metric has ranged from a low of 22.14 to a high of 47.82. The Semiconductors industry median Return-on-Tangible-Asset is 2.87. Aspeed Technology's value of 52.62% is 1736.6% above this industry median. Based on the distribution chart, Aspeed Technology ranks #9 out of 1030 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Aspeed Technology has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspeed Technology's Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Aspeed Technology ranks #9 out of 1030 companies for Return-on-Tangible-Asset. This places Aspeed Technology in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.87. Aspeed Technology's value of 52.62% is 1736.6% above this benchmark. Historically, Aspeed Technology's own Return-on-Tangible-Asset has ranged from 22.14 to 47.82 over the past decade. While the company's 10-year median is 36.54 vs. the industry median of 2.87, Aspeed 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.87, based on 1,030 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. Aspeed Technology's current Return-on-Tangible-Asset of 52.62% is 1736.6% 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 Aspeed Technology and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspeed Technology's current Return-on-Tangible-Asset is 52.62%, which is 44% above median its own 10-year median of 36.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspeed Technology stock overvalued right now?
Based on GuruFocus' analysis, Aspeed Technology (ROCO:5274) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$9,337.99, compared to a current price of NT$17,690.00 — trading 89.4% above its estimated fair value. The current Return-on-Tangible-Asset is 52.62%, which is 44% above median its 10-year median of 36.54 and 1736.6% above the Semiconductors industry median of 2.87. Aspeed Technology's overall GF Score™ is 94/100 with 4 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 Aspeed Technology (ROCO:5274), the current Return-on-Tangible-Asset is 52.62% 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 Aspeed Technology (ROCO:5274) Overvalued in 2026?
Based on GuruFocus' analysis, Aspeed Technology stock appears to be overvalued.
The current stock price of NT$17,690.00 is trading 89.4% above its estimated GF Value™ of NT$9,337.99.
GuruFocus considers Aspeed Technology to be Significantly Overvalued.
Key valuation signals for ROCO:5274:
Return-on-Tangible-Asset: 52.62% (44% above median its 10-year median of 36.54)
GF Value™: NT$9,337.99 vs. price of NT$17,690.00 (89.4% above fair value)
Industry Position: 1736.6% above the Semiconductors median (#9 of 1030)
No single metric tells the full story. See the ROCO:5274 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aspeed Technology Inc is an IC design house in Server Management, PC/AV extension solutions, Desktop Virtualization and security enhancement. The company is engaged in the manufacturing of electronic products, wholesale of information software, retail and service industry, international trade, intellectual property, product design, and other industrial and commercial services. It operates through Multimedia Integrated Circuits (ICs); Computer Peripherals Oriented ICs; and Other segments. The company generates maximum of its revenue from Multimedia Integrated Circuits (ICs) segment.
94GF Score
Get the complete analysis for ROCO:5274
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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