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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. Wave Power Technology's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$-0.6 Mil. Wave Power Technology's average total tangible assets for the quarter that ended in Mar. 2026 was NT$1,293.5 Mil. Therefore, Wave Power Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.04%.
The historical rank and industry rank for Wave Power Technology's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6895'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.86 Med: 9.74 Max: 16.2
Current: 8.79
During the past 8 years, Wave Power Technology's highest Return-on-Tangible-Asset was 16.20%. The lowest was 2.86%. And the median was 9.74%.
ROCO:6895's Return-on-Tangible-Asset is ranked better than 80.62% of 3076
companies
in the Industrial Products industry
Industry Median: 3.33
vs ROCO:6895: 8.79
Wave Power Technology (ROCO:6895) 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.
Wave Power Technology Return-on-Tangible-Asset Related Terms
Wave Power Technology Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Wave Power 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.
Wave Power Technology Return-on-Tangible-Asset Chart
ROCO:6895 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Wave Power 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.
Wave Power Technology Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Wave Power Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Wave Power 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 -0.04% mean?
Wave Power Technology (ROCO:6895) has a Return-on-Tangible-Asset of -0.04% 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 Wave Power Technology and its competitors. Over the past decade, Wave Power Technology's Return-on-Tangible-Asset has ranged from 2.86 to 16.20. According to the industry distribution chart, Wave Power Technology ranks #596 out of 3076 companies in the Industrial Products industry, placing it in the top 19.4%.
Is Wave Power Technology's Return-on-Tangible-Asset too high?
Wave Power Technology's current Return-on-Tangible-Asset is -0.04%. Over the past 10 years, this metric has ranged from a low of 2.86 to a high of 16.20. Based on the distribution chart, Wave Power Technology ranks #596 out of 3076 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Wave Power Technology has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wave Power Technology's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Wave Power Technology ranks #596 out of 3076 companies for Return-on-Tangible-Asset. This places Wave Power Technology in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.33. Historically, Wave Power Technology's own Return-on-Tangible-Asset has ranged from 2.86 to 16.20 over the past decade. 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 3.33, based on 3,076 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. 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 Wave Power Technology and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wave Power Technology's current Return-on-Tangible-Asset is -0.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wave Power Technology stock overvalued right now?
Based on GuruFocus' analysis, Wave Power Technology (ROCO:6895) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$275.30, compared to a current price of NT$117.50 — trading 57.3% below its estimated fair value. The current Return-on-Tangible-Asset is -0.04%. Wave Power Technology's overall GF Score™ is 64/100 with 4 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 Wave Power Technology (ROCO:6895), the current Return-on-Tangible-Asset is -0.04% 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 Wave Power Technology (ROCO:6895) Overvalued in 2026?
Based on GuruFocus' analysis, Wave Power Technology stock appears to be undervalued.
The current stock price of NT$117.50 is trading 57.3% below its estimated GF Value™ of NT$275.30.
GuruFocus considers Wave Power Technology to be Significantly Undervalued.
Key valuation signals for ROCO:6895:
Return-on-Tangible-Asset: -0.04%
GF Value™: NT$275.30 vs. price of NT$117.50 (57.3% below fair value)
No single metric tells the full story. See the ROCO:6895 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wave Power Technology Inc manufactures and distributes electrical power equipment. Its products are based on proprietary 4-H technology associated with high power, frequency, voltage, and vacuum. Its product portfolio comprises of Microwave Generator, Industrial Magnetron, Variable Capacitor, Feedthrough, Vacuum View Port, High-voltage Break-off Section, Magnet, Heater, and Hermetic Sealing.
64GF Score
Get the complete analysis for ROCO:6895
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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