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Wafer WorksROCO:6182 -1.33%52 Return-on-Tangible-Asset is 0.02% as of Mar. 2026, which is 99% below its 10-year median of 2.18. GuruFocus rates ROCO:6182 with a GF Score™ of 52/100 and a GF Value™ of NT$33.44 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,030 Semiconductors companies, Wafer Works ranks worse than 63.4% 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. Wafer Works's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$8 Mil. Wafer Works's average total tangible assets for the quarter that ended in Mar. 2026 was NT$39,568 Mil. Therefore, Wafer Works's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.02%.
The historical rank and industry rank for Wafer Works's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6182'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.48 Med: 2.18 Max: 10.77
Current: 0.07
During the past 13 years, Wafer Works's highest Return-on-Tangible-Asset was 10.77%. The lowest was -10.48%. And the median was 2.18%.
ROCO:6182's Return-on-Tangible-Asset is ranked worse than 63.4% of 1030
companies
in the Semiconductors industry
Industry Median: 2.865
vs ROCO:6182: 0.07
Wafer Works (ROCO:6182) 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.
Wafer Works Return-on-Tangible-Asset Related Terms
Wafer Works Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Wafer Works'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:6182 vs AMAT, LRCX, KLAC: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, Wafer Works'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.
Wafer Works Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Wafer Works's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Wafer Works'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 0.02% mean?
Wafer Works (ROCO:6182) has a Return-on-Tangible-Asset of 0.02% 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 Wafer Works and its competitors. This is 99% below median its historical median of 2.18. According to the industry distribution chart, Wafer Works ranks #653 out of 1030 companies in the Semiconductors industry, placing it in the top 63.4%.
Is Wafer Works' Return-on-Tangible-Asset too high?
Wafer Works' current Return-on-Tangible-Asset of 0.02% is 99% below median its 10-year median of 2.18. The Semiconductors industry median Return-on-Tangible-Asset is 2.87. Wafer Works' value of 0.02% is 99.3% below this industry median. Based on the distribution chart, Wafer Works ranks #653 out of 1030 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Wafer Works has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wafer Works' Return-on-Tangible-Asset compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Wafer Works ranks #653 out of 1030 companies for Return-on-Tangible-Asset. This places Wafer Works in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.87. Wafer Works' value of 0.02% is 99.3% below this benchmark. While the company's 10-year median is 2.18 vs. the industry median of 2.87, Wafer Works 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 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. Wafer Works's current Return-on-Tangible-Asset of 0.02% is 99.3% 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 Wafer Works 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. Wafer Works's current Return-on-Tangible-Asset is 0.02%, which is 99% below median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wafer Works stock overvalued right now?
Based on GuruFocus' analysis, Wafer Works (ROCO:6182) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$33.44, compared to a current price of NT$111.50 — trading 233.4% above its estimated fair value. The current Return-on-Tangible-Asset is 0.02%, which is 99% below median its 10-year median of 2.18 and 99.3% below the Semiconductors industry median of 2.87. Wafer Works' overall GF Score™ is 52/100 with 8 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 Wafer Works (ROCO:6182), the current Return-on-Tangible-Asset is 0.02% 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 Wafer Works (ROCO:6182) Overvalued in 2026?
Based on GuruFocus' analysis, Wafer Works stock appears to be overvalued.
The current stock price of NT$111.50 is trading 233.4% above its estimated GF Value™ of NT$33.44.
GuruFocus considers Wafer Works to be Significantly Overvalued.
Key valuation signals for ROCO:6182:
Return-on-Tangible-Asset: 0.02% (99% below median its 10-year median of 2.18)
GF Value™: NT$33.44 vs. price of NT$111.50 (233.4% above fair value)
Industry Position: 99.3% below the Semiconductors median (#653 of 1030)
No single metric tells the full story. See the ROCO:6182 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wafer Works Corp is a Taiwan-based company principally engaged in the R&D, design, manufacturing, and sales of semiconductor materials; the technique consulting business, service business, and trading for the above items. Its customized silicon wafer services are Polished wafers, Leijingjingyuan, SOI wafers, Gallium nitride epitaxial wafers, and Custom wafers. Its geographical segments include Taiwan, China (including Hong Kong), the United States, and Other countries. It generates the majority of its revenue from Taiwan. The Group's revenue is derived from the manufacture and sale of semiconductor wafers.
52GF Score
Get the complete analysis for ROCO:6182
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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