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First Hi-Tec CoROCO:5439 -2.22%89 Return-on-Tangible-Asset is 11.86% as of Mar. 2026, which is 7% above its 10-year median of 11.05. GuruFocus rates ROCO:5439 with a GF Score™ of 89/100 and a GF Value™ of NT$300.18 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,502 Hardware companies, First Hi-Tec Co ranks better than 93.57% 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. First Hi-Tec Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$1,306 Mil. First Hi-Tec Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$11,010 Mil. Therefore, First Hi-Tec Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.86%.
The historical rank and industry rank for First Hi-Tec Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:5439'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.98 Med: 11.05 Max: 16.05
Current: 14.87
During the past 13 years, First Hi-Tec Co's highest Return-on-Tangible-Asset was 16.05%. The lowest was 6.98%. And the median was 11.05%.
ROCO:5439's Return-on-Tangible-Asset is ranked better than 93.57% of 2502
companies
in the Hardware industry
Industry Median: 2.59
vs ROCO:5439: 14.87
First Hi-Tec Co (ROCO:5439) 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.
First Hi-Tec Co Return-on-Tangible-Asset Related Terms
First Hi-Tec Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for First Hi-Tec 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.
ROCO:5439 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, First Hi-Tec 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.
First Hi-Tec Co Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, First Hi-Tec Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where First Hi-Tec 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.86% mean?
First Hi-Tec Co (ROCO:5439) has a Return-on-Tangible-Asset of 11.86% 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 First Hi-Tec Co and its competitors. This is near median its historical median of 11.05. Over the past decade, First Hi-Tec Co's Return-on-Tangible-Asset has ranged from 6.98 to 16.05. According to the industry distribution chart, First Hi-Tec Co ranks #161 out of 2502 companies in the Hardware industry, placing it in the top 6.4%.
Is First Hi-Tec Co's Return-on-Tangible-Asset too high?
First Hi-Tec Co's current Return-on-Tangible-Asset of 11.86% is near median its 10-year median of 11.05. Over the past 10 years, this metric has ranged from a low of 6.98 to a high of 16.05. The Hardware industry median Return-on-Tangible-Asset is 2.59. First Hi-Tec Co's value of 11.86% is 357.9% above this industry median. Based on the distribution chart, First Hi-Tec Co ranks #161 out of 2502 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, First Hi-Tec Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Hi-Tec Co's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, First Hi-Tec Co ranks #161 out of 2502 companies for Return-on-Tangible-Asset. This places First Hi-Tec Co in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.59. First Hi-Tec Co's value of 11.86% is 357.9% above this benchmark. Historically, First Hi-Tec Co's own Return-on-Tangible-Asset has ranged from 6.98 to 16.05 over the past decade. While the company's 10-year median is 11.05 vs. the industry median of 2.59, First Hi-Tec Co 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.59, based on 2,502 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. First Hi-Tec Co's current Return-on-Tangible-Asset of 11.86% is 357.9% 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 First Hi-Tec Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Hi-Tec Co's current Return-on-Tangible-Asset is 11.86%, which is near median its own 10-year median of 11.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Hi-Tec Co stock overvalued right now?
Based on GuruFocus' analysis, First Hi-Tec Co (ROCO:5439) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$300.18, compared to a current price of NT$242.00 — trading 19.4% below its estimated fair value. The current Return-on-Tangible-Asset is 11.86%, which is near median its 10-year median of 11.05 and 357.9% above the Hardware industry median of 2.59. First Hi-Tec Co's overall GF Score™ is 89/100 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 First Hi-Tec Co (ROCO:5439), the current Return-on-Tangible-Asset is 11.86% 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 First Hi-Tec Co (ROCO:5439) Overvalued in 2026?
Based on GuruFocus' analysis, First Hi-Tec Co stock appears to be undervalued.
The current stock price of NT$242.00 is trading 19.4% below its estimated GF Value™ of NT$300.18.
GuruFocus considers First Hi-Tec Co to be Modestly Undervalued.
Key valuation signals for ROCO:5439:
Return-on-Tangible-Asset: 11.86% (near median its 10-year median of 11.05)
GF Value™: NT$300.18 vs. price of NT$242.00 (19.4% below fair value)
Industry Position: 357.9% above the Hardware median (#161 of 2502)
No single metric tells the full story. See the ROCO:5439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Hi-Tec Co Ltd main business is manufacture and sales of PCB and computer peripherals, etc. The Company is engaged in production and sales of electronic equipment and wholesale of components, etc. The group is only engaged in manufacturing and trading of PCB and computer peripherals, which belong to a single industry, the operating segments and reportable segments are single segment. The company has presence in Taiwan, Asia, and Others. The company generates majority of revenue from Taiwan. The company's products are Automotive, Semiconductor and others, Power Control Modules Robot, Telecom, Layer Counts, Application Type, Capability, and Roadmap.
89GF Score
Get the complete analysis for ROCO:5439
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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