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Te ChangROCO:5511 +2.54%94 Return-on-Tangible-Asset is 11.36% as of Jun. 2026, which is 93% above its 10-year median of 5.89. GuruFocus rates ROCO:5511 with a GF Score™ of 94/100 and a GF Value™ of NT$63.77 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,786 Construction companies, Te Chang ranks better than 87.29% 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. Te Chang's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$1,859 Mil. Te Chang's average total tangible assets for the quarter that ended in Jun. 2026 was NT$16,362 Mil. Therefore, Te Chang's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 11.36%.
The historical rank and industry rank for Te Chang's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:5511'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.97 Med: 5.89 Max: 10.9
Current: 10.9
During the past 13 years, Te Chang's highest Return-on-Tangible-Asset was 10.90%. The lowest was 3.97%. And the median was 5.89%.
ROCO:5511's Return-on-Tangible-Asset is ranked better than 87.29% of 1786
companies
in the Construction industry
Industry Median: 3.09
vs ROCO:5511: 10.90
Te Chang (ROCO:5511) 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.
Te Chang Return-on-Tangible-Asset Related Terms
Te Chang Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Te Chang'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:5511 vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Te Chang'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.
Te Chang Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Te Chang's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Te Chang'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 11.36% mean?
Te Chang (ROCO:5511) has a Return-on-Tangible-Asset of 11.36% 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 Te Chang and its competitors. This is 93% above median its historical median of 5.89. Over the past decade, Te Chang's Return-on-Tangible-Asset has ranged from 3.97 to 10.90. According to the industry distribution chart, Te Chang ranks #227 out of 1786 companies in the Construction industry, placing it in the top 12.7%.
Is Te Chang's Return-on-Tangible-Asset too high?
Te Chang's current Return-on-Tangible-Asset of 11.36% is 93% above median its 10-year median of 5.89. Over the past 10 years, this metric has ranged from a low of 3.97 to a high of 10.90. The Construction industry median Return-on-Tangible-Asset is 3.09. Te Chang's value of 11.36% is 267.6% above this industry median. Based on the distribution chart, Te Chang ranks #227 out of 1786 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Te Chang has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Te Chang's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Te Chang ranks #227 out of 1786 companies for Return-on-Tangible-Asset. This places Te Chang in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.09. Te Chang's value of 11.36% is 267.6% above this benchmark. Historically, Te Chang's own Return-on-Tangible-Asset has ranged from 3.97 to 10.90 over the past decade. While the company's 10-year median is 5.89 vs. the industry median of 3.09, Te Chang 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.09, based on 1,786 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. Te Chang's current Return-on-Tangible-Asset of 11.36% is 267.6% 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 Te Chang and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Te Chang's current Return-on-Tangible-Asset is 11.36%, which is 93% above median its own 10-year median of 5.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Te Chang stock overvalued right now?
Based on GuruFocus' analysis, Te Chang (ROCO:5511) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$63.77, compared to a current price of NT$72.80 — trading 14.2% above its estimated fair value. The current Return-on-Tangible-Asset is 11.36%, which is 93% above median its 10-year median of 5.89 and 267.6% above the Construction industry median of 3.09. Te Chang'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 Te Chang (ROCO:5511), the current Return-on-Tangible-Asset is 11.36% 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 Te Chang (ROCO:5511) Overvalued in 2026?
Based on GuruFocus' analysis, Te Chang stock appears to be overvalued.
The current stock price of NT$72.80 is trading 14.2% above its estimated GF Value™ of NT$63.77.
GuruFocus considers Te Chang to be Modestly Overvalued.
Key valuation signals for ROCO:5511:
Return-on-Tangible-Asset: 11.36% (93% above median its 10-year median of 5.89)
GF Value™: NT$63.77 vs. price of NT$72.80 (14.2% above fair value)
Industry Position: 267.6% above the Construction median (#227 of 1786)
No single metric tells the full story. See the ROCO:5511 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Te Chang main business operations include contracting for construction and civil engineering projects. The Group is engaged in the construction and real estate leasing business and is a single reportable segment. The company has presence in Taiwan, and Thailand. The company generates majority of revenue from Taiwan. The company's projects are Hospital Project, School Project, social housing, Factory building project, Commercial buildings, office building, civil Engineering, Other projects.
94GF Score
Get the complete analysis for ROCO:5511
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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