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ECOVE EnvironmentROCO:6803 +0.19%93 Return-on-Tangible-Asset is 9.28% as of Mar. 2026, which is 5% below its 10-year median of 9.79. GuruFocus rates ROCO:6803 with a GF Score™ of 93/100 and a GF Value™ of NT$356.98 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 246 Waste Management companies, ECOVE Environment ranks better than 86.18% 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. ECOVE Environment's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$1,320 Mil. ECOVE Environment's average total tangible assets for the quarter that ended in Mar. 2026 was NT$14,225 Mil. Therefore, ECOVE Environment's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.28%.
The historical rank and industry rank for ECOVE Environment's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6803'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.67 Med: 9.79 Max: 11.33
Current: 9.71
During the past 13 years, ECOVE Environment's highest Return-on-Tangible-Asset was 11.33%. The lowest was 8.67%. And the median was 9.79%.
ROCO:6803's Return-on-Tangible-Asset is ranked better than 86.18% of 246
companies
in the Waste Management industry
Industry Median: 2.275
vs ROCO:6803: 9.71
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.
ECOVE Environment Return-on-Tangible-Asset Related Terms
ECOVE Environment Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ECOVE Environment'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:6803 vs WM, RSG, WCN: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, ECOVE Environment'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.
ECOVE Environment Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, ECOVE Environment's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ECOVE Environment'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 9.28% mean?
ECOVE Environment (ROCO:6803) has a Return-on-Tangible-Asset of 9.28% 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 ECOVE Environment and its competitors. This is near median its historical median of 9.79. Over the past decade, ECOVE Environment's Return-on-Tangible-Asset has ranged from 8.67 to 11.33. According to the industry distribution chart, ECOVE Environment ranks #34 out of 246 companies in the Waste Management industry, placing it in the top 13.8%.
Is ECOVE Environment's Return-on-Tangible-Asset too high?
ECOVE Environment's current Return-on-Tangible-Asset of 9.28% is near median its 10-year median of 9.79. Over the past 10 years, this metric has ranged from a low of 8.67 to a high of 11.33. The Waste Management industry median Return-on-Tangible-Asset is 2.28. ECOVE Environment's value of 9.28% is 307.9% above this industry median. Based on the distribution chart, ECOVE Environment ranks #34 out of 246 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, ECOVE Environment has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ECOVE Environment's Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, ECOVE Environment ranks #34 out of 246 companies for Return-on-Tangible-Asset. This places ECOVE Environment in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.28. ECOVE Environment's value of 9.28% is 307.9% above this benchmark. Historically, ECOVE Environment's own Return-on-Tangible-Asset has ranged from 8.67 to 11.33 over the past decade. While the company's 10-year median is 9.79 vs. the industry median of 2.28, ECOVE Environment 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 Waste Management company?
The median Return-on-Tangible-Asset among Waste Management companies is 2.28, based on 246 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. ECOVE Environment's current Return-on-Tangible-Asset of 9.28% is 307.9% 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 ECOVE Environment and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ECOVE Environment's current Return-on-Tangible-Asset is 9.28%, which is near median its own 10-year median of 9.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ECOVE Environment stock overvalued right now?
Based on GuruFocus' analysis, ECOVE Environment (ROCO:6803) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$356.98, compared to a current price of NT$270.00 — trading 24.4% below its estimated fair value. The current Return-on-Tangible-Asset is 9.28%, which is near median its 10-year median of 9.79 and 307.9% above the Waste Management industry median of 2.28. ECOVE Environment's overall GF Score™ is 93/100 with 6 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 ECOVE Environment (ROCO:6803), the current Return-on-Tangible-Asset is 9.28% 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 ECOVE Environment (ROCO:6803) Overvalued in 2026?
Based on GuruFocus' analysis, ECOVE Environment stock appears to be undervalued.
The current stock price of NT$270.00 is trading 24.4% below its estimated GF Value™ of NT$356.98.
GuruFocus considers ECOVE Environment to be Modestly Undervalued.
Key valuation signals for ROCO:6803:
Return-on-Tangible-Asset: 9.28% (near median its 10-year median of 9.79)
GF Value™: NT$356.98 vs. price of NT$270.00 (24.4% below fair value)
Industry Position: 307.9% above the Waste Management median (#34 of 246)
No single metric tells the full story. See the ROCO:6803 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ECOVE Environment Corp is a resource management services provider serving public and private entities across Greater China, Southeast Asia, India, and the USA. The Company is mainly engaged in investment, power generation, and waste management. Its services include Energy-from-Waste, Mechatronics, and Waste Management, while its projects include Energy-from-Waste, Photovoltaic Energy, and Hazardous and Special Waste Treatment.
93GF Score
Get the complete analysis for ROCO:6803
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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