Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Appro PhotoelectronROCO:6560 -0.76%66 Return-on-Tangible-Asset is 6.79% as of Mar. 2026, which is 14% above its 10-year median of 5.97. GuruFocus rates ROCO:6560 with a GF Score™ of 66/100 and a GF Value™ of NT$49.84 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 2,501 Hardware companies, Appro Photoelectron ranks worse than 63.49% 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. Appro Photoelectron's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$48.1 Mil. Appro Photoelectron's average total tangible assets for the quarter that ended in Mar. 2026 was NT$709.3 Mil. Therefore, Appro Photoelectron's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.79%.
The historical rank and industry rank for Appro Photoelectron's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6560'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.65 Med: 5.97 Max: 27.26
Current: 0.44
During the past 13 years, Appro Photoelectron's highest Return-on-Tangible-Asset was 27.26%. The lowest was -3.65%. And the median was 5.97%.
ROCO:6560's Return-on-Tangible-Asset is ranked worse than 63.49% of 2501
companies
in the Hardware industry
Industry Median: 2.48
vs ROCO:6560: 0.44
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.
Appro Photoelectron Return-on-Tangible-Asset Related Terms
Appro Photoelectron Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Appro Photoelectron'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:6560 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Appro Photoelectron'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.
Appro Photoelectron Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Appro Photoelectron's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Appro Photoelectron'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 6.79% mean?
Appro Photoelectron (ROCO:6560) has a Return-on-Tangible-Asset of 6.79% 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 Appro Photoelectron and its competitors. This is 14% above median its historical median of 5.97. According to the industry distribution chart, Appro Photoelectron ranks #1588 out of 2501 companies in the Hardware industry, placing it in the top 63.5%.
Is Appro Photoelectron's Return-on-Tangible-Asset too high?
Appro Photoelectron's current Return-on-Tangible-Asset of 6.79% is 14% above median its 10-year median of 5.97. The Hardware industry median Return-on-Tangible-Asset is 2.48. Appro Photoelectron's value of 6.79% is 173.8% above this industry median. Based on the distribution chart, Appro Photoelectron ranks #1588 out of 2501 companies in the Hardware industry, which is below the industry midpoint. Overall, Appro Photoelectron has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Appro Photoelectron's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Appro Photoelectron ranks #1588 out of 2501 companies for Return-on-Tangible-Asset. This places Appro Photoelectron in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.48. Appro Photoelectron's value of 6.79% is 173.8% above this benchmark. While the company's 10-year median is 5.97 vs. the industry median of 2.48, Appro Photoelectron 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 2.48, 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. Appro Photoelectron's current Return-on-Tangible-Asset of 6.79% is 173.8% 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 Appro Photoelectron 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. Appro Photoelectron's current Return-on-Tangible-Asset is 6.79%, which is 14% above median its own 10-year median of 5.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Appro Photoelectron stock overvalued right now?
Based on GuruFocus' analysis, Appro Photoelectron (ROCO:6560) is currently considered Possible Value Trap. The stock's GF Value™ is NT$49.84, compared to a current price of NT$32.50 — trading 34.8% below its estimated fair value. The current Return-on-Tangible-Asset is 6.79%, which is 14% above median its 10-year median of 5.97 and 173.8% above the Hardware industry median of 2.48. Appro Photoelectron's overall GF Score™ is 66/100 with 1 warning sign 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 Appro Photoelectron (ROCO:6560), the current Return-on-Tangible-Asset is 6.79% 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 Appro Photoelectron (ROCO:6560) Overvalued in 2026?
Based on GuruFocus' analysis, Appro Photoelectron stock appears to be undervalued.
The current stock price of NT$32.50 is trading 34.8% below its estimated GF Value™ of NT$49.84.
GuruFocus considers Appro Photoelectron to be Possible Value Trap.
Key valuation signals for ROCO:6560:
Return-on-Tangible-Asset: 6.79% (14% above median its 10-year median of 5.97)
GF Value™: NT$49.84 vs. price of NT$32.50 (34.8% below fair value)
Industry Position: 173.8% above the Hardware median (#1588 of 2501)
No single metric tells the full story. See the ROCO:6560 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Appro Photoelectron Inc operates as a design house for image products. The company helps its customers to develop products using TI digital signal process as its core system. Its products include NVIDIA Jetson TX1/TX2 Sensor module solution, Body Worn Camera Solution, Car DVR Solution, and Image Related Product.
66GF Score
Get the complete analysis for ROCO:6560
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:6560 has been successfully added to your 
