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Asia CementTPE:1102 +0.45%83 Return-on-Tangible-Asset is 2.47% as of Dec. 2025, which is 36% below its 10-year median of 3.88. GuruFocus rates TPE:1102 with a GF Score™ of 83/100 and a GF Value™ of NT$35.73 (Fairly Valued). The stock has 6 warning signs investors should review. Among 411 Building Materials companies, Asia Cement ranks better than 56.93% 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. Asia Cement's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$7,779 Mil. Asia Cement's average total tangible assets for the quarter that ended in Dec. 2025 was NT$314,635 Mil. Therefore, Asia Cement's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.47%.
The historical rank and industry rank for Asia Cement's Return-on-Tangible-Asset or its related term are showing as below:
TPE:1102'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.58 Med: 3.88 Max: 6.17
Current: 3.15
During the past 13 years, Asia Cement's highest Return-on-Tangible-Asset was 6.17%. The lowest was 1.58%. And the median was 3.88%.
TPE:1102's Return-on-Tangible-Asset is ranked better than 56.93% of 411
companies
in the Building Materials industry
Industry Median: 2.34
vs TPE:1102: 3.15
Asia Cement (TPE:1102) 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.
Asia Cement Return-on-Tangible-Asset Related Terms
Asia Cement Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Asia Cement'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.
TPE:1102 vs CRH, VMC, MLM: Return-on-Tangible-Asset Comparison
For the Building Materials subindustry, Asia Cement'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.
Asia Cement Return-on-Tangible-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Asia Cement's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Asia Cement'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 2.47% mean?
Asia Cement (TPE:1102) has a Return-on-Tangible-Asset of 2.47% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Asia Cement and its competitors. This is 36% below median its historical median of 3.88. Over the past decade, Asia Cement's Return-on-Tangible-Asset has ranged from 1.58 to 6.17. According to the industry distribution chart, Asia Cement ranks #177 out of 411 companies in the Building Materials industry, placing it in the top 43.1%.
Is Asia Cement's Return-on-Tangible-Asset too high?
Asia Cement's current Return-on-Tangible-Asset of 2.47% is 36% below median its 10-year median of 3.88. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 6.17. The Building Materials industry median Return-on-Tangible-Asset is 2.34. Asia Cement's value of 2.47% is 5.6% above this industry median. Based on the distribution chart, Asia Cement ranks #177 out of 411 companies in the Building Materials industry, which is above the industry midpoint. Overall, Asia Cement has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Cement's Return-on-Tangible-Asset compare to CRH and VMC?
According to the Building Materials industry distribution chart, Asia Cement ranks #177 out of 411 companies for Return-on-Tangible-Asset. This puts Asia Cement in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.34. Asia Cement's value of 2.47% is 5.6% above this benchmark. Historically, Asia Cement's own Return-on-Tangible-Asset has ranged from 1.58 to 6.17 over the past decade. While the company's 10-year median is 3.88 vs. the industry median of 2.34, Asia Cement 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 Building Materials company?
The median Return-on-Tangible-Asset among Building Materials companies is 2.34, based on 411 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. Asia Cement's current Return-on-Tangible-Asset of 2.47% is 5.6% 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 Asia Cement and its competitors. For the Building Materials industry, the median Return-on-Tangible-Asset is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Cement's current Return-on-Tangible-Asset is 2.47%, which is 36% below median its own 10-year median of 3.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Cement stock overvalued right now?
Based on GuruFocus' analysis, Asia Cement (TPE:1102) is currently considered Fairly Valued. The stock's GF Value™ is NT$35.73, compared to a current price of NT$33.15 — trading 7.2% below its estimated fair value. The current Return-on-Tangible-Asset is 2.47%, which is 36% below median its 10-year median of 3.88 and 5.6% above the Building Materials industry median of 2.34. Asia Cement's overall GF Score™ is 83/100 with 6 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 Asia Cement (TPE:1102), the current Return-on-Tangible-Asset is 2.47% as of Dec. 2025. 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 Asia Cement (TPE:1102) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Cement stock appears to be undervalued.
The current stock price of NT$33.15 is trading 7.2% below its estimated GF Value™ of NT$35.73.
GuruFocus considers Asia Cement to be Fairly Valued.
Key valuation signals for TPE:1102:
Return-on-Tangible-Asset: 2.47% (36% below median its 10-year median of 3.88)
GF Value™: NT$35.73 vs. price of NT$33.15 (7.2% below fair value)
Industry Position: 5.6% above the Building Materials median (#177 of 411)
No single metric tells the full story. See the TPE:1102 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Cement Corp manufactures and sells cement, concrete, and cement-related products to the construction and building industries, and engages in leasing activities. The company is also required to undertake reforestation activities in designated areas. Asia Cement's product portfolio includes Portland cement types I and II, cement clinker, ready-mix concrete, furnace powder, and plaster among others. Its reportable segments are as follows: Cement which derives key revenue, Electric Power, Investment, Engineering, Transportation, Stainless Steel, and Leasing. The majority of Its revenue comes from Taiwan and China.
83GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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