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Tong Yang Industry CoTPE:1319 +0.84%89 Return-on-Tangible-Asset is 10.09% as of Mar. 2026, which is 55% above its 10-year median of 6.52. GuruFocus rates TPE:1319 with a GF Score™ of 89/100 and a GF Value™ of NT$92.19 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,331 Vehicles & Parts companies, Tong Yang Industry Co ranks better than 83.4% 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. Tong Yang Industry Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$3,824 Mil. Tong Yang Industry Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$37,899 Mil. Therefore, Tong Yang Industry Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.09%.
The historical rank and industry rank for Tong Yang Industry Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:1319'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.04 Med: 6.52 Max: 12.1
Current: 8.7
During the past 13 years, Tong Yang Industry Co's highest Return-on-Tangible-Asset was 12.10%. The lowest was 2.04%. And the median was 6.52%.
TPE:1319's Return-on-Tangible-Asset is ranked better than 83.4% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 3.19
vs TPE:1319: 8.70
Tong Yang Industry Co (TPE:1319) 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.
Tong Yang Industry Co Return-on-Tangible-Asset Related Terms
Tong Yang Industry Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tong Yang Industry Co'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.
Tong Yang Industry Co Return-on-Tangible-Asset Chart
TPE:1319 vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Tong Yang Industry Co'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.
Tong Yang Industry Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tong Yang Industry Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tong Yang Industry Co'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 10.09% mean?
Tong Yang Industry Co (TPE:1319) has a Return-on-Tangible-Asset of 10.09% 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 Tong Yang Industry Co and its competitors. This is 55% above median its historical median of 6.52. Over the past decade, Tong Yang Industry Co's Return-on-Tangible-Asset has ranged from 2.04 to 12.10. According to the industry distribution chart, Tong Yang Industry Co ranks #221 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 16.6%.
Is Tong Yang Industry Co's Return-on-Tangible-Asset too high?
Tong Yang Industry Co's current Return-on-Tangible-Asset of 10.09% is 55% above median its 10-year median of 6.52. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 12.10. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.19. Tong Yang Industry Co's value of 10.09% is 216.3% above this industry median. Based on the distribution chart, Tong Yang Industry Co ranks #221 out of 1331 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Tong Yang Industry Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tong Yang Industry Co's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Tong Yang Industry Co ranks #221 out of 1331 companies for Return-on-Tangible-Asset. This places Tong Yang Industry Co in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.19. Tong Yang Industry Co's value of 10.09% is 216.3% above this benchmark. Historically, Tong Yang Industry Co's own Return-on-Tangible-Asset has ranged from 2.04 to 12.10 over the past decade. While the company's 10-year median is 6.52 vs. the industry median of 3.19, Tong Yang Industry Co 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.19, based on 1,331 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. Tong Yang Industry Co's current Return-on-Tangible-Asset of 10.09% is 216.3% 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 Tong Yang Industry Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Yang Industry Co's current Return-on-Tangible-Asset is 10.09%, which is 55% above median its own 10-year median of 6.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Yang Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Tong Yang Industry Co (TPE:1319) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$92.19, compared to a current price of NT$72.00 — trading 21.9% below its estimated fair value. The current Return-on-Tangible-Asset is 10.09%, which is 55% above median its 10-year median of 6.52 and 216.3% above the Vehicles & Parts industry median of 3.19. Tong Yang Industry Co's overall GF Score™ is 89/100 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 Tong Yang Industry Co (TPE:1319), the current Return-on-Tangible-Asset is 10.09% 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 Tong Yang Industry Co (TPE:1319) Overvalued in 2026?
Based on GuruFocus' analysis, Tong Yang Industry Co stock appears to be undervalued.
The current stock price of NT$72.00 is trading 21.9% below its estimated GF Value™ of NT$92.19.
GuruFocus considers Tong Yang Industry Co to be Modestly Undervalued.
Key valuation signals for TPE:1319:
Return-on-Tangible-Asset: 10.09% (55% above median its 10-year median of 6.52)
GF Value™: NT$92.19 vs. price of NT$72.00 (21.9% below fair value)
Industry Position: 216.3% above the Vehicles & Parts median (#221 of 1331)
No single metric tells the full story. See the TPE:1319 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tong Yang Industry Co Ltd is engaged in the manufacture and sale of parts, components, and models for automobiles. The reportable segments of the company are as follows: Domestic Operating Entity and Foreign Operating Entity. It generates the majority of its revenue from the Domestic Operating Entity, which is responsible for the auto parts and components required by domestic production and sales.
89GF Score
Get the complete analysis for TPE:1319
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