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Progate GroupROCO:8227 +1.98%82 Return-on-Tangible-Asset is 5.32% as of Mar. 2026, which is 3% above its 10-year median of 5.18. GuruFocus rates ROCO:8227 with a GF Score™ of 82/100 and a GF Value™ of NT$299.11 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,031 Semiconductors companies, Progate Group ranks better than 64.4% 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. Progate Group's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$101 Mil. Progate Group's average total tangible assets for the quarter that ended in Mar. 2026 was NT$1,890 Mil. Therefore, Progate Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.32%.
The historical rank and industry rank for Progate Group's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:8227'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.01 Med: 5.18 Max: 15.56
Current: 5.8
During the past 12 years, Progate Group's highest Return-on-Tangible-Asset was 15.56%. The lowest was -7.01%. And the median was 5.18%.
ROCO:8227's Return-on-Tangible-Asset is ranked better than 64.4% of 1031
companies
in the Semiconductors industry
Industry Median: 2.85
vs ROCO:8227: 5.80
Progate Group (ROCO:8227) 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.
Progate Group Return-on-Tangible-Asset Related Terms
Progate Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Progate Group'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:8227 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Progate Group'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.
Progate Group Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Progate Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Progate Group'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 5.32% mean?
Progate Group (ROCO:8227) has a Return-on-Tangible-Asset of 5.32% 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 Progate Group and its competitors. This is near median its historical median of 5.18. According to the industry distribution chart, Progate Group ranks #367 out of 1031 companies in the Semiconductors industry, placing it in the top 35.6%.
Is Progate Group's Return-on-Tangible-Asset too high?
Progate Group's current Return-on-Tangible-Asset of 5.32% is near median its 10-year median of 5.18. The Semiconductors industry median Return-on-Tangible-Asset is 2.85. Progate Group's value of 5.32% is 86.7% above this industry median. Based on the distribution chart, Progate Group ranks #367 out of 1031 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Progate Group has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Progate Group's Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Progate Group ranks #367 out of 1031 companies for Return-on-Tangible-Asset. This puts Progate Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.85. Progate Group's value of 5.32% is 86.7% above this benchmark. While the company's 10-year median is 5.18 vs. the industry median of 2.85, Progate Group 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 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. Progate Group's current Return-on-Tangible-Asset of 5.32% is 86.7% 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 Progate Group 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. Progate Group's current Return-on-Tangible-Asset is 5.32%, which is near median its own 10-year median of 5.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progate Group stock overvalued right now?
Based on GuruFocus' analysis, Progate Group (ROCO:8227) is currently considered Possible Value Trap. The stock's GF Value™ is NT$299.11, compared to a current price of NT$154.50 — trading 48.3% below its estimated fair value. The current Return-on-Tangible-Asset is 5.32%, which is near median its 10-year median of 5.18 and 86.7% above the Semiconductors industry median of 2.85. Progate Group's overall GF Score™ is 82/100 with 3 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 Progate Group (ROCO:8227), the current Return-on-Tangible-Asset is 5.32% 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 Progate Group (ROCO:8227) Overvalued in 2026?
Based on GuruFocus' analysis, Progate Group stock appears to be undervalued.
The current stock price of NT$154.50 is trading 48.3% below its estimated GF Value™ of NT$299.11.
GuruFocus considers Progate Group to be Possible Value Trap.
Key valuation signals for ROCO:8227:
Return-on-Tangible-Asset: 5.32% (near median its 10-year median of 5.18)
GF Value™: NT$299.11 vs. price of NT$154.50 (48.3% below fair value)
Industry Position: 86.7% above the Semiconductors median (#367 of 1031)
No single metric tells the full story. See the ROCO:8227 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progate Group Corp is engaged in the development and product design of integrated circuits, the sale and trade of intellectual property, electronic materials, and information software, as well as the wholesale, agency, and import/export trade of related products. Geographically the company operates in Taiwan and China, with majority of the revenue generating from Taiwan.
82GF Score
Get the complete analysis for ROCO:8227
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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