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PanRam InternationalROCO:8088 -1.85%71 Return-on-Tangible-Asset is 17.19% as of Mar. 2026, which is 122% above its 10-year median of 7.75. GuruFocus rates ROCO:8088 with a GF Score™ of 71/100 and a GF Value™ of NT$52.51 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,502 Hardware companies, PanRam International ranks better than 90.85% 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. PanRam International's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$253 Mil. PanRam International's average total tangible assets for the quarter that ended in Mar. 2026 was NT$1,469 Mil. Therefore, PanRam International's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 17.19%.
The historical rank and industry rank for PanRam International's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:8088'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.79 Med: 7.75 Max: 16.36
Current: 12.62
During the past 13 years, PanRam International's highest Return-on-Tangible-Asset was 16.36%. The lowest was 0.79%. And the median was 7.75%.
ROCO:8088's Return-on-Tangible-Asset is ranked better than 90.85% of 2502
companies
in the Hardware industry
Industry Median: 2.635
vs ROCO:8088: 12.62
PanRam International (ROCO:8088) 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.
PanRam International Return-on-Tangible-Asset Related Terms
PanRam International Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for PanRam International'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.
PanRam International Return-on-Tangible-Asset Chart
ROCO:8088 vs DELL, ANET, SNDK: Return-on-Tangible-Asset Comparison
For the Computer Hardware subindustry, PanRam International'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.
PanRam International Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, PanRam International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PanRam International'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 17.19% mean?
PanRam International (ROCO:8088) has a Return-on-Tangible-Asset of 17.19% 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 PanRam International and its competitors. This is 122% above median its historical median of 7.75. Over the past decade, PanRam International's Return-on-Tangible-Asset has ranged from 0.79 to 16.36. According to the industry distribution chart, PanRam International ranks #229 out of 2502 companies in the Hardware industry, placing it in the top 9.2%.
Is PanRam International's Return-on-Tangible-Asset too high?
PanRam International's current Return-on-Tangible-Asset of 17.19% is 122% above median its 10-year median of 7.75. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 16.36. The Hardware industry median Return-on-Tangible-Asset is 2.64. PanRam International's value of 17.19% is 552.4% above this industry median. Based on the distribution chart, PanRam International ranks #229 out of 2502 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, PanRam International has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PanRam International's Return-on-Tangible-Asset compare to DELL and ANET?
According to the Hardware industry distribution chart, PanRam International ranks #229 out of 2502 companies for Return-on-Tangible-Asset. This places PanRam International in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.64. PanRam International's value of 17.19% is 552.4% above this benchmark. Historically, PanRam International's own Return-on-Tangible-Asset has ranged from 0.79 to 16.36 over the past decade. While the company's 10-year median is 7.75 vs. the industry median of 2.64, PanRam International 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 2.64, based on 2,502 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. PanRam International's current Return-on-Tangible-Asset of 17.19% is 552.4% 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 PanRam International and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PanRam International's current Return-on-Tangible-Asset is 17.19%, which is 122% above median its own 10-year median of 7.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PanRam International stock overvalued right now?
Based on GuruFocus' analysis, PanRam International (ROCO:8088) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$52.51, compared to a current price of NT$45.20 — trading 13.9% below its estimated fair value. The current Return-on-Tangible-Asset is 17.19%, which is 122% above median its 10-year median of 7.75 and 552.4% above the Hardware industry median of 2.64. PanRam International's overall GF Score™ is 71/100 with 5 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 PanRam International (ROCO:8088), the current Return-on-Tangible-Asset is 17.19% 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 PanRam International (ROCO:8088) Overvalued in 2026?
Based on GuruFocus' analysis, PanRam International stock appears to be undervalued.
The current stock price of NT$45.20 is trading 13.9% below its estimated GF Value™ of NT$52.51.
GuruFocus considers PanRam International to be Modestly Undervalued.
Key valuation signals for ROCO:8088:
Return-on-Tangible-Asset: 17.19% (122% above median its 10-year median of 7.75)
GF Value™: NT$52.51 vs. price of NT$45.20 (13.9% below fair value)
Industry Position: 552.4% above the Hardware median (#229 of 2502)
No single metric tells the full story. See the ROCO:8088 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PanRam International Corp is a Taiwan-based company that engages in the research, development, manufacture, and sale of memory modules and related application products. The products of the company includes Memory Module, Dram Module, Customize Flash Drives, SSD Solid-state Drives, Mobile Power, and SMT professional OEM.
71GF Score
Get the complete analysis for ROCO:8088
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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