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Highlight TechROCO:6208 -0.37%60 Return-on-Tangible-Asset is 6.59% as of Jun. 2026, which is 10% below its 10-year median of 7.36. GuruFocus rates ROCO:6208 with a GF Score™ of 60/100 and a GF Value™ of NT$55.59 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 3,077 Industrial Products companies, Highlight Tech ranks better than 59.34% 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. Highlight Tech's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$461 Mil. Highlight Tech's average total tangible assets for the quarter that ended in Jun. 2026 was NT$6,988 Mil. Therefore, Highlight Tech's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 6.59%.
The historical rank and industry rank for Highlight Tech's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6208'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.07 Med: 7.36 Max: 8.15
Current: 5.39
During the past 13 years, Highlight Tech's highest Return-on-Tangible-Asset was 8.15%. The lowest was 3.07%. And the median was 7.36%.
ROCO:6208's Return-on-Tangible-Asset is ranked better than 59.34% of 3077
companies
in the Industrial Products industry
Industry Median: 3.32
vs ROCO:6208: 5.39
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.
Highlight Tech Return-on-Tangible-Asset Related Terms
Highlight Tech Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Highlight Tech'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:6208 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Highlight Tech'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.
Highlight Tech Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Highlight Tech's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Highlight Tech'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 6.59% mean?
Highlight Tech (ROCO:6208) has a Return-on-Tangible-Asset of 6.59% 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 Highlight Tech and its competitors. This is 10% below median its historical median of 7.36. Over the past decade, Highlight Tech's Return-on-Tangible-Asset has ranged from 3.07 to 8.15. According to the industry distribution chart, Highlight Tech ranks #1251 out of 3077 companies in the Industrial Products industry, placing it in the top 40.7%.
Is Highlight Tech's Return-on-Tangible-Asset too high?
Highlight Tech's current Return-on-Tangible-Asset of 6.59% is 10% below median its 10-year median of 7.36. Over the past 10 years, this metric has ranged from a low of 3.07 to a high of 8.15. The Industrial Products industry median Return-on-Tangible-Asset is 3.32. Highlight Tech's value of 6.59% is 98.5% above this industry median. Based on the distribution chart, Highlight Tech ranks #1251 out of 3077 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Highlight Tech has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Highlight Tech's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Highlight Tech ranks #1251 out of 3077 companies for Return-on-Tangible-Asset. This puts Highlight Tech in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.32. Highlight Tech's value of 6.59% is 98.5% above this benchmark. Historically, Highlight Tech's own Return-on-Tangible-Asset has ranged from 3.07 to 8.15 over the past decade. While the company's 10-year median is 7.36 vs. the industry median of 3.32, Highlight Tech 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.32, based on 3,077 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. Highlight Tech's current Return-on-Tangible-Asset of 6.59% is 98.5% 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 Highlight Tech and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highlight Tech's current Return-on-Tangible-Asset is 6.59%, which is 10% below median its own 10-year median of 7.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highlight Tech stock overvalued right now?
Based on GuruFocus' analysis, Highlight Tech (ROCO:6208) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$55.59, compared to a current price of NT$81.60 — trading 46.8% above its estimated fair value. The current Return-on-Tangible-Asset is 6.59%, which is 10% below median its 10-year median of 7.36 and 98.5% above the Industrial Products industry median of 3.32. Highlight Tech's overall GF Score™ is 60/100 with 7 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 Highlight Tech (ROCO:6208), the current Return-on-Tangible-Asset is 6.59% 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 Highlight Tech (ROCO:6208) Overvalued in 2026?
Based on GuruFocus' analysis, Highlight Tech stock appears to be overvalued.
The current stock price of NT$81.60 is trading 46.8% above its estimated GF Value™ of NT$55.59.
GuruFocus considers Highlight Tech to be Significantly Overvalued.
Key valuation signals for ROCO:6208:
Return-on-Tangible-Asset: 6.59% (10% below median its 10-year median of 7.36)
GF Value™: NT$55.59 vs. price of NT$81.60 (46.8% above fair value)
Industry Position: 98.5% above the Industrial Products median (#1251 of 3077)
No single metric tells the full story. See the ROCO:6208 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Highlight Tech Corp is a manufacturer of vacuum technology equipment and a supplier of comprehensive integration services in the vacuum field. Its product includes a vacuum chamber, valves, a pump, and automation equipment. Its vacuum coating technology is used in 3C products, semiconductors, optoelectronics, the touch panel industry, and the solar photovoltaic industry. The Group mainly operates in regions: Taiwan, Japan, the USA, and China.
60GF Score
Get the complete analysis for ROCO:6208
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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