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Ruby TechROCO:8048 -3.33%84 Return-on-Tangible-Asset is 8.82% as of Mar. 2026, which is 23% below its 10-year median of 11.47. GuruFocus rates ROCO:8048 with a GF Score™ of 84/100 and a GF Value™ of NT$44.62 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,501 Hardware companies, Ruby Tech ranks better than 86.25% 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. Ruby Tech's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$131 Mil. Ruby Tech's average total tangible assets for the quarter that ended in Mar. 2026 was NT$1,486 Mil. Therefore, Ruby Tech's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.82%.
The historical rank and industry rank for Ruby Tech's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:8048'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.95 Med: 11.47 Max: 16.06
Current: 10.2
During the past 13 years, Ruby Tech's highest Return-on-Tangible-Asset was 16.06%. The lowest was 8.95%. And the median was 11.47%.
ROCO:8048's Return-on-Tangible-Asset is ranked better than 86.25% of 2501
companies
in the Hardware industry
Industry Median: 2.48
vs ROCO:8048: 10.20
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.
Ruby Tech Return-on-Tangible-Asset Related Terms
Ruby Tech Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ruby Tech'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:8048 vs CSCO, MSI, HPE: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Ruby Tech'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.
Ruby Tech Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Ruby Tech's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ruby Tech'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 8.82% mean?
Ruby Tech (ROCO:8048) has a Return-on-Tangible-Asset of 8.82% 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 Ruby Tech and its competitors. This is 23% below median its historical median of 11.47. Over the past decade, Ruby Tech's Return-on-Tangible-Asset has ranged from 8.95 to 16.06. According to the industry distribution chart, Ruby Tech ranks #344 out of 2501 companies in the Hardware industry, placing it in the top 13.8%.
Is Ruby Tech's Return-on-Tangible-Asset too high?
Ruby Tech's current Return-on-Tangible-Asset of 8.82% is 23% below median its 10-year median of 11.47. Over the past 10 years, this metric has ranged from a low of 8.95 to a high of 16.06. The Hardware industry median Return-on-Tangible-Asset is 2.48. Ruby Tech's value of 8.82% is 255.6% above this industry median. Based on the distribution chart, Ruby Tech ranks #344 out of 2501 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Ruby Tech has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ruby Tech's Return-on-Tangible-Asset compare to CSCO and MSI?
According to the Hardware industry distribution chart, Ruby Tech ranks #344 out of 2501 companies for Return-on-Tangible-Asset. This places Ruby Tech in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.48. Ruby Tech's value of 8.82% is 255.6% above this benchmark. Historically, Ruby Tech's own Return-on-Tangible-Asset has ranged from 8.95 to 16.06 over the past decade. While the company's 10-year median is 11.47 vs. the industry median of 2.48, Ruby Tech 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. Ruby Tech's current Return-on-Tangible-Asset of 8.82% is 255.6% 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 Ruby Tech 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. Ruby Tech's current Return-on-Tangible-Asset is 8.82%, which is 23% below median its own 10-year median of 11.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ruby Tech stock overvalued right now?
Based on GuruFocus' analysis, Ruby Tech (ROCO:8048) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$44.62, compared to a current price of NT$52.20 — trading 17% above its estimated fair value. The current Return-on-Tangible-Asset is 8.82%, which is 23% below median its 10-year median of 11.47 and 255.6% above the Hardware industry median of 2.48. Ruby Tech's overall GF Score™ is 84/100 with 2 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 Ruby Tech (ROCO:8048), the current Return-on-Tangible-Asset is 8.82% 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 Ruby Tech (ROCO:8048) Overvalued in 2026?
Based on GuruFocus' analysis, Ruby Tech stock appears to be overvalued.
The current stock price of NT$52.20 is trading 17% above its estimated GF Value™ of NT$44.62.
GuruFocus considers Ruby Tech to be Modestly Overvalued.
Key valuation signals for ROCO:8048:
Return-on-Tangible-Asset: 8.82% (23% below median its 10-year median of 11.47)
GF Value™: NT$44.62 vs. price of NT$52.20 (17% above fair value)
Industry Position: 255.6% above the Hardware median (#344 of 2501)
No single metric tells the full story. See the ROCO:8048 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ruby Tech Corp is engaged in the research, manufacturing, and trading of optical fiber network equipment for central offices and customer premises, network management switches, and outdoor wireless networking equipment. It is focused on OEM/ODM Business of Networking Products such as PoE Ethernet Switches, Industrial Switches, GEPON OLT/ONU, etc. The reportable segments of the company are: i) Computer and its peripheral equipment: Department 1, and ii) Computer and its peripheral equipment: Department 2. The majority of revenue is derived from Department 1.
84GF Score
Get the complete analysis for ROCO:8048
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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