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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. P-Two Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$-240 Mil. P-Two Industries's average total tangible assets for the quarter that ended in Mar. 2026 was NT$2,249 Mil. Therefore, P-Two Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -10.65%.
The historical rank and industry rank for P-Two Industries's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6158'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.35 Med: 3.28 Max: 11.29
Current: -2.35
During the past 13 years, P-Two Industries's highest Return-on-Tangible-Asset was 11.29%. The lowest was -2.35%. And the median was 3.28%.
ROCO:6158's Return-on-Tangible-Asset is ranked worse than 73.54% of 2502
companies
in the Hardware industry
Industry Median: 2.48
vs ROCO:6158: -2.35
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.
P-Two Industries Return-on-Tangible-Asset Related Terms
P-Two Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for P-Two Industries'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:6158 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, P-Two Industries'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.
P-Two Industries Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, P-Two Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where P-Two Industries'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 -10.65% mean?
P-Two Industries (ROCO:6158) has a Return-on-Tangible-Asset of -10.65% 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 P-Two Industries and its competitors. According to the industry distribution chart, P-Two Industries ranks #1840 out of 2502 companies in the Hardware industry, placing it in the top 73.5%.
Is P-Two Industries' Return-on-Tangible-Asset too high?
P-Two Industries' current Return-on-Tangible-Asset is -10.65%. Based on the distribution chart, P-Two Industries ranks #1840 out of 2502 companies in the Hardware industry, which is below the industry midpoint. Overall, P-Two Industries has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does P-Two Industries' Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, P-Two Industries ranks #1840 out of 2502 companies for Return-on-Tangible-Asset. This places P-Two Industries in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.48. 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 2.48, 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. 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 P-Two Industries and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. P-Two Industries's current Return-on-Tangible-Asset is -10.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is P-Two Industries stock overvalued right now?
Based on GuruFocus' analysis, P-Two Industries (ROCO:6158) is currently considered Possible Value Trap. The stock's GF Value™ is NT$28.92, compared to a current price of NT$16.60 — trading 42.6% below its estimated fair value. The current Return-on-Tangible-Asset is -10.65%. P-Two Industries' overall GF Score™ is 61/100 with 6 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 P-Two Industries (ROCO:6158), the current Return-on-Tangible-Asset is -10.65% 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 P-Two Industries (ROCO:6158) Overvalued in 2026?
Based on GuruFocus' analysis, P-Two Industries stock appears to be undervalued.
The current stock price of NT$16.60 is trading 42.6% below its estimated GF Value™ of NT$28.92.
GuruFocus considers P-Two Industries to be Possible Value Trap.
Key valuation signals for ROCO:6158:
Return-on-Tangible-Asset: -10.65%
GF Value™: NT$28.92 vs. price of NT$16.60 (42.6% below fair value)
No single metric tells the full story. See the ROCO:6158 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
P-Two Industries Inc is engaged in the manufacture and sale of precision terminals and connectors in Taiwan and China. Its products include FPC connector, mobile phone connector, LVDS wire to board connector, memory card connector, flexible flat cable and metal dome.
61GF Score
Get the complete analysis for ROCO:6158
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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