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Planet TechnologyROCO:6263 -1.91%86 Return-on-Tangible-Asset is 22.97% as of Mar. 2026, which is 16% above its 10-year median of 19.81. GuruFocus rates ROCO:6263 with a GF Score™ of 86/100 and a GF Value™ of NT$144.61 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,501 Hardware companies, Planet Technology ranks better than 97.6% 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. Planet Technology's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$526 Mil. Planet Technology's average total tangible assets for the quarter that ended in Mar. 2026 was NT$2,289 Mil. Therefore, Planet Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 22.97%.
The historical rank and industry rank for Planet Technology's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6263'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 16.35 Med: 19.81 Max: 24.49
Current: 22.64
During the past 13 years, Planet Technology's highest Return-on-Tangible-Asset was 24.49%. The lowest was 16.35%. And the median was 19.81%.
ROCO:6263's Return-on-Tangible-Asset is ranked better than 97.6% of 2501
companies
in the Hardware industry
Industry Median: 2.46
vs ROCO:6263: 22.64
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.
Planet Technology Return-on-Tangible-Asset Related Terms
Planet Technology Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Planet Technology'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:6263 vs CSCO, MSI, HPE: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Planet Technology'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.
Planet Technology Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Planet Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Planet Technology'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 22.97% mean?
Planet Technology (ROCO:6263) has a Return-on-Tangible-Asset of 22.97% 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 Planet Technology and its competitors. This is 16% above median its historical median of 19.81. Over the past decade, Planet Technology's Return-on-Tangible-Asset has ranged from 16.35 to 24.49. According to the industry distribution chart, Planet Technology ranks #60 out of 2501 companies in the Hardware industry, placing it in the top 2.4%.
Is Planet Technology's Return-on-Tangible-Asset too high?
Planet Technology's current Return-on-Tangible-Asset of 22.97% is 16% above median its 10-year median of 19.81. Over the past 10 years, this metric has ranged from a low of 16.35 to a high of 24.49. The Hardware industry median Return-on-Tangible-Asset is 2.46. Planet Technology's value of 22.97% is 833.7% above this industry median. Based on the distribution chart, Planet Technology ranks #60 out of 2501 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Planet Technology has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Planet Technology's Return-on-Tangible-Asset compare to CSCO and MSI?
According to the Hardware industry distribution chart, Planet Technology ranks #60 out of 2501 companies for Return-on-Tangible-Asset. This places Planet Technology in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.46. Planet Technology's value of 22.97% is 833.7% above this benchmark. Historically, Planet Technology's own Return-on-Tangible-Asset has ranged from 16.35 to 24.49 over the past decade. While the company's 10-year median is 19.81 vs. the industry median of 2.46, Planet Technology 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 2.46, based on 2,501 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. Planet Technology's current Return-on-Tangible-Asset of 22.97% is 833.7% 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 Planet Technology and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Planet Technology's current Return-on-Tangible-Asset is 22.97%, which is 16% above median its own 10-year median of 19.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Planet Technology stock overvalued right now?
Based on GuruFocus' analysis, Planet Technology (ROCO:6263) is currently considered Fairly Valued. The stock's GF Value™ is NT$144.61, compared to a current price of NT$154.00 — trading 6.5% above its estimated fair value. The current Return-on-Tangible-Asset is 22.97%, which is 16% above median its 10-year median of 19.81 and 833.7% above the Hardware industry median of 2.46. Planet Technology's overall GF Score™ is 86/100 with 3 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 Planet Technology (ROCO:6263), the current Return-on-Tangible-Asset is 22.97% 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 Planet Technology (ROCO:6263) Overvalued in 2026?
Based on GuruFocus' analysis, Planet Technology stock appears to be overvalued.
The current stock price of NT$154.00 is trading 6.5% above its estimated GF Value™ of NT$144.61.
GuruFocus considers Planet Technology to be Fairly Valued.
Key valuation signals for ROCO:6263:
Return-on-Tangible-Asset: 22.97% (16% above median its 10-year median of 19.81)
GF Value™: NT$144.61 vs. price of NT$154.00 (6.5% above fair value)
Industry Position: 833.7% above the Hardware median (#60 of 2501)
No single metric tells the full story. See the ROCO:6263 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Planet Technology Corp is engaged in the business of import and export of computers and peripheral equipment, internet equipment and software, as well as research and development, manufacturing and trading. The Group focuses on the research, development, manufacturing, and sales of network equipment and peripheral equipment, and operates in only a single industry.
86GF Score
Get the complete analysis for ROCO:6263
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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