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Top Union ElectronicsROCO:6266 +0.61%88 Return-on-Tangible-Asset is 8.89% as of Jun. 2026, which is 14% above its 10-year median of 7.82. GuruFocus rates ROCO:6266 with a GF Score™ of 88/100 and a GF Value™ of NT$28.67 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,037 Semiconductors companies, Top Union Electronics ranks better than 69.24% 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. Top Union Electronics's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$328 Mil. Top Union Electronics's average total tangible assets for the quarter that ended in Jun. 2026 was NT$3,685 Mil. Therefore, Top Union Electronics's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 8.89%.
The historical rank and industry rank for Top Union Electronics's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6266'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.62 Med: 7.82 Max: 11.03
Current: 8.36
During the past 13 years, Top Union Electronics's highest Return-on-Tangible-Asset was 11.03%. The lowest was 3.62%. And the median was 7.82%.
ROCO:6266's Return-on-Tangible-Asset is ranked better than 69.24% of 1037
companies
in the Semiconductors industry
Industry Median: 3.8
vs ROCO:6266: 8.36
Top Union Electronics (ROCO:6266) 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.
Top Union Electronics Return-on-Tangible-Asset Related Terms
Top Union Electronics Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Top Union Electronics'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.
Top Union Electronics Return-on-Tangible-Asset Chart
ROCO:6266 vs LRCX, AMAT, KLAC: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, Top Union Electronics'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.
Top Union Electronics Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Top Union Electronics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Top Union Electronics'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 8.89% mean?
Top Union Electronics (ROCO:6266) has a Return-on-Tangible-Asset of 8.89% 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 Top Union Electronics and its competitors. This is 14% above median its historical median of 7.82. Over the past decade, Top Union Electronics' Return-on-Tangible-Asset has ranged from 3.62 to 11.03. According to the industry distribution chart, Top Union Electronics ranks #319 out of 1037 companies in the Semiconductors industry, placing it in the top 30.8%.
Is Top Union Electronics' Return-on-Tangible-Asset too high?
Top Union Electronics' current Return-on-Tangible-Asset of 8.89% is 14% above median its 10-year median of 7.82. Over the past 10 years, this metric has ranged from a low of 3.62 to a high of 11.03. The Semiconductors industry median Return-on-Tangible-Asset is 3.80. Top Union Electronics' value of 8.89% is 133.9% above this industry median. Based on the distribution chart, Top Union Electronics ranks #319 out of 1037 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Top Union Electronics has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Top Union Electronics' Return-on-Tangible-Asset compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Top Union Electronics ranks #319 out of 1037 companies for Return-on-Tangible-Asset. This puts Top Union Electronics in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.80. Top Union Electronics' value of 8.89% is 133.9% above this benchmark. Historically, Top Union Electronics' own Return-on-Tangible-Asset has ranged from 3.62 to 11.03 over the past decade. While the company's 10-year median is 7.82 vs. the industry median of 3.80, Top Union Electronics 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 3.80, based on 1,037 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. Top Union Electronics's current Return-on-Tangible-Asset of 8.89% is 133.9% 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 Top Union Electronics and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Union Electronics's current Return-on-Tangible-Asset is 8.89%, which is 14% above median its own 10-year median of 7.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Union Electronics stock overvalued right now?
Based on GuruFocus' analysis, Top Union Electronics (ROCO:6266) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$28.67, compared to a current price of NT$24.75 — trading 13.7% below its estimated fair value. The current Return-on-Tangible-Asset is 8.89%, which is 14% above median its 10-year median of 7.82 and 133.9% above the Semiconductors industry median of 3.80. Top Union Electronics' overall GF Score™ is 88/100 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 Top Union Electronics (ROCO:6266), the current Return-on-Tangible-Asset is 8.89% 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 Top Union Electronics (ROCO:6266) Overvalued in 2026?
Based on GuruFocus' analysis, Top Union Electronics stock appears to be undervalued.
The current stock price of NT$24.75 is trading 13.7% below its estimated GF Value™ of NT$28.67.
GuruFocus considers Top Union Electronics to be Modestly Undervalued.
Key valuation signals for ROCO:6266:
Return-on-Tangible-Asset: 8.89% (14% above median its 10-year median of 7.82)
GF Value™: NT$28.67 vs. price of NT$24.75 (13.7% below fair value)
Industry Position: 133.9% above the Semiconductors median (#319 of 1037)
No single metric tells the full story. See the ROCO:6266 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Union Electronics Corp is principally engaged in the design, manufacture, and technical support of electronic products and communication equipment, as well as providing surface mount technology (SMT) services, processing, and international trade business. The company operates in America, Taiwan, and China, of which it derives maximum revenue.
88GF Score
Get the complete analysis for ROCO:6266
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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