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IC PlusROCO:8040 45 Return-on-Tangible-Asset is 3.74% as of Jun. 2026. GuruFocus rates ROCO:8040 with a GF Score™ of 45/100 and a GF Value™ of NT$59.96 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,031 Semiconductors companies, IC Plus ranks worse than 68.09% 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. IC Plus's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$96.3 Mil. IC Plus's average total tangible assets for the quarter that ended in Jun. 2026 was NT$2,573.1 Mil. Therefore, IC Plus's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 3.74%.
The historical rank and industry rank for IC Plus's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:8040'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12 Med: -4.48 Max: 13.74
Current: -1.46
During the past 13 years, IC Plus's highest Return-on-Tangible-Asset was 13.74%. The lowest was -12.00%. And the median was -4.48%.
ROCO:8040's Return-on-Tangible-Asset is ranked worse than 68.09% of 1031
companies
in the Semiconductors industry
Industry Median: 2.85
vs ROCO:8040: -1.46
IC Plus (ROCO:8040) 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.
IC Plus Return-on-Tangible-Asset Related Terms
IC Plus Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for IC Plus'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:8040 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, IC Plus'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.
IC Plus Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, IC Plus's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where IC Plus'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 3.74% mean?
IC Plus (ROCO:8040) has a Return-on-Tangible-Asset of 3.74% 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 IC Plus and its competitors. According to the industry distribution chart, IC Plus ranks #702 out of 1031 companies in the Semiconductors industry, placing it in the top 68.1%.
Is IC Plus' Return-on-Tangible-Asset too high?
IC Plus' current Return-on-Tangible-Asset is 3.74%. The Semiconductors industry median Return-on-Tangible-Asset is 2.85. IC Plus' value of 3.74% is 31.2% above this industry median. Based on the distribution chart, IC Plus ranks #702 out of 1031 companies in the Semiconductors industry, which is below the industry midpoint. Overall, IC Plus has a GF Score™ of 45/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IC Plus' Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, IC Plus ranks #702 out of 1031 companies for Return-on-Tangible-Asset. This places IC Plus in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.85. IC Plus' value of 3.74% is 31.2% above this benchmark. 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 2.85, based on 1,031 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. IC Plus's current Return-on-Tangible-Asset of 3.74% is 31.2% 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 IC Plus and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IC Plus's current Return-on-Tangible-Asset is 3.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IC Plus stock overvalued right now?
Based on GuruFocus' analysis, IC Plus (ROCO:8040) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$59.96, compared to a current price of NT$73.00 — trading 21.7% above its estimated fair value. The current Return-on-Tangible-Asset is 3.74% and 31.2% above the Semiconductors industry median of 2.85. IC Plus' overall GF Score™ is 45/100 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 IC Plus (ROCO:8040), the current Return-on-Tangible-Asset is 3.74% 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 IC Plus (ROCO:8040) Overvalued in 2026?
Based on GuruFocus' analysis, IC Plus stock appears to be overvalued.
The current stock price of NT$73.00 is trading 21.7% above its estimated GF Value™ of NT$59.96.
GuruFocus considers IC Plus to be Modestly Overvalued.
Key valuation signals for ROCO:8040:
Return-on-Tangible-Asset: 3.74%
GF Value™: NT$59.96 vs. price of NT$73.00 (21.7% above fair value)
Industry Position: 31.2% above the Semiconductors median (#702 of 1031)
No single metric tells the full story. See the ROCO:8040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IC Plus Corp is a Taiwan-based company engaged in researching, developing, manufacturing, selling, importing, and exporting trading of integrated circuits. The company only has the IC design segment as the single reporting segment. The primary operating activity of the IC design segment is the design of Ethernet integrated circuit products. Its Geographic regions are Taiwan, China, and others, and the majority of the revenue comes from China.
45GF Score
Get the complete analysis for ROCO:8040
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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