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Cheng Fwa Industrial CoROCO:5426 +0.55%58 Return-on-Tangible-Asset is 2.22% as of Jun. 2026, which is 54% above its 10-year median of 1.44. GuruFocus rates ROCO:5426 with a GF Score™ of 58/100 and a GF Value™ of NT$28.40 (Fairly Valued). The stock has 3 warning signs investors should review. Among 3,084 Industrial Products companies, Cheng Fwa Industrial Co ranks worse than 53.11% 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. Cheng Fwa Industrial Co's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$69 Mil. Cheng Fwa Industrial Co's average total tangible assets for the quarter that ended in Jun. 2026 was NT$3,124 Mil. Therefore, Cheng Fwa Industrial Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 2.22%.
The historical rank and industry rank for Cheng Fwa Industrial Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:5426'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.99 Med: 1.44 Max: 6.46
Current: 2.96
During the past 13 years, Cheng Fwa Industrial Co's highest Return-on-Tangible-Asset was 6.46%. The lowest was -2.99%. And the median was 1.44%.
ROCO:5426's Return-on-Tangible-Asset is ranked worse than 53.11% of 3084
companies
in the Industrial Products industry
Industry Median: 3.41
vs ROCO:5426: 2.96
Cheng Fwa Industrial Co (ROCO:5426) 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.
Cheng Fwa Industrial Co Return-on-Tangible-Asset Related Terms
Cheng Fwa Industrial Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Cheng Fwa Industrial 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.
Cheng Fwa Industrial Co Return-on-Tangible-Asset Chart
ROCO:5426 vs CRS, ATI, MLI: Return-on-Tangible-Asset Comparison
For the Metal Fabrication subindustry, Cheng Fwa Industrial 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.
Cheng Fwa Industrial Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Cheng Fwa Industrial Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Cheng Fwa Industrial 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.22% mean?
Cheng Fwa Industrial Co (ROCO:5426) has a Return-on-Tangible-Asset of 2.22% 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 Cheng Fwa Industrial Co and its competitors. This is 54% above median its historical median of 1.44. According to the industry distribution chart, Cheng Fwa Industrial Co ranks #1638 out of 3084 companies in the Industrial Products industry, placing it in the top 53.1%.
Is Cheng Fwa Industrial Co's Return-on-Tangible-Asset too high?
Cheng Fwa Industrial Co's current Return-on-Tangible-Asset of 2.22% is 54% above median its 10-year median of 1.44. The Industrial Products industry median Return-on-Tangible-Asset is 3.41. Cheng Fwa Industrial Co's value of 2.22% is 34.9% below this industry median. Based on the distribution chart, Cheng Fwa Industrial Co ranks #1638 out of 3084 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Cheng Fwa Industrial Co has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cheng Fwa Industrial Co's Return-on-Tangible-Asset compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Cheng Fwa Industrial Co ranks #1638 out of 3084 companies for Return-on-Tangible-Asset. This places Cheng Fwa Industrial Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.41. Cheng Fwa Industrial Co's value of 2.22% is 34.9% below this benchmark. While the company's 10-year median is 1.44 vs. the industry median of 3.41, Cheng Fwa Industrial Co has consistently been below 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.41, based on 3,084 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. Cheng Fwa Industrial Co's current Return-on-Tangible-Asset of 2.22% is 34.9% below 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 Cheng Fwa Industrial Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheng Fwa Industrial Co's current Return-on-Tangible-Asset is 2.22%, which is 54% above median its own 10-year median of 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Fwa Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Cheng Fwa Industrial Co (ROCO:5426) is currently considered Fairly Valued. The stock's GF Value™ is NT$28.40, compared to a current price of NT$27.35 — trading 3.7% below its estimated fair value. The current Return-on-Tangible-Asset is 2.22%, which is 54% above median its 10-year median of 1.44 and 34.9% below the Industrial Products industry median of 3.41. Cheng Fwa Industrial Co's overall GF Score™ is 58/100 with 3 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 Cheng Fwa Industrial Co (ROCO:5426), the current Return-on-Tangible-Asset is 2.22% 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 Cheng Fwa Industrial Co (ROCO:5426) Overvalued in 2026?
Based on GuruFocus' analysis, Cheng Fwa Industrial Co stock appears to be undervalued.
The current stock price of NT$27.35 is trading 3.7% below its estimated GF Value™ of NT$28.40.
GuruFocus considers Cheng Fwa Industrial Co to be Fairly Valued.
Key valuation signals for ROCO:5426:
Return-on-Tangible-Asset: 2.22% (54% above median its 10-year median of 1.44)
GF Value™: NT$28.40 vs. price of NT$27.35 (3.7% below fair value)
Industry Position: 34.9% below the Industrial Products median (#1638 of 3084)
No single metric tells the full story. See the ROCO:5426 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheng Fwa Industrial Co Ltd manufactures and supplies precision-stamped metal parts for the computer, telecommunication, networking, and electronic industries. Its products include computer casings and related components, precision stampings, server-side rails, and plastic injection molding solutions, among others. Their core services comprise the following main areas: design and engineering, rapid prototyping, tooling development, precision metal stamping, finishing processing, and plastic injection. Geographically, the Group generates maximum revenue from America, followed by Taiwan, Asia, and other regions.
58GF Score
Get the complete analysis for ROCO:5426
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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