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Chang Ho FibreTPE:1468 -0.36%54 Return-on-Tangible-Asset is 3.38% as of Mar. 2026, which is 191% above its 10-year median of 1.16. GuruFocus rates TPE:1468 with a GF Score™ of 54/100 and a GF Value™ of NT$8.77 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,068 Manufacturing - Apparel & Accessories companies, Chang Ho Fibre ranks worse than 57.49% 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. Chang Ho Fibre's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$109.6 Mil. Chang Ho Fibre's average total tangible assets for the quarter that ended in Mar. 2026 was NT$3,237.5 Mil. Therefore, Chang Ho Fibre's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.38%.
The historical rank and industry rank for Chang Ho Fibre's Return-on-Tangible-Asset or its related term are showing as below:
TPE:1468'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.09 Med: 1.16 Max: 5.31
Current: 0.64
During the past 13 years, Chang Ho Fibre's highest Return-on-Tangible-Asset was 5.31%. The lowest was -4.09%. And the median was 1.16%.
TPE:1468's Return-on-Tangible-Asset is ranked worse than 57.49% of 1068
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.02
vs TPE:1468: 0.64
Chang Ho Fibre (TPE:1468) 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.
Chang Ho Fibre Return-on-Tangible-Asset Related Terms
Chang Ho Fibre Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Chang Ho Fibre'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.
Chang Ho Fibre Return-on-Tangible-Asset Competitor Comparison
For the Textile Manufacturing subindustry, Chang Ho Fibre'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.
Chang Ho Fibre Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Chang Ho Fibre's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chang Ho Fibre'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 3.38% mean?
Chang Ho Fibre (TPE:1468) has a Return-on-Tangible-Asset of 3.38% 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 Chang Ho Fibre and its competitors. This is 191% above median its historical median of 1.16. According to the industry distribution chart, Chang Ho Fibre ranks #614 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 57.5%.
Is Chang Ho Fibre's Return-on-Tangible-Asset too high?
Chang Ho Fibre's current Return-on-Tangible-Asset of 3.38% is 191% above median its 10-year median of 1.16. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.02. Chang Ho Fibre's value of 3.38% is 67.3% above this industry median. Based on the distribution chart, Chang Ho Fibre ranks #614 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Chang Ho Fibre has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chang Ho Fibre's Return-on-Tangible-Asset compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Chang Ho Fibre ranks #614 out of 1068 companies for Return-on-Tangible-Asset. This places Chang Ho Fibre in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.02. Chang Ho Fibre's value of 3.38% is 67.3% above this benchmark. While the company's 10-year median is 1.16 vs. the industry median of 2.02, Chang Ho Fibre 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.02, based on 1,068 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. Chang Ho Fibre's current Return-on-Tangible-Asset of 3.38% is 67.3% 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 Chang Ho Fibre and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chang Ho Fibre's current Return-on-Tangible-Asset is 3.38%, which is 191% above median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chang Ho Fibre stock overvalued right now?
Based on GuruFocus' analysis, Chang Ho Fibre (TPE:1468) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$8.77, compared to a current price of NT$14.00 — trading 59.6% above its estimated fair value. The current Return-on-Tangible-Asset is 3.38%, which is 191% above median its 10-year median of 1.16 and 67.3% above the Manufacturing - Apparel & Accessories industry median of 2.02. Chang Ho Fibre's overall GF Score™ is 54/100 with 8 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 Chang Ho Fibre (TPE:1468), the current Return-on-Tangible-Asset is 3.38% 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 Chang Ho Fibre (TPE:1468) Overvalued in 2026?
Based on GuruFocus' analysis, Chang Ho Fibre stock appears to be overvalued.
The current stock price of NT$14.00 is trading 59.6% above its estimated GF Value™ of NT$8.77.
GuruFocus considers Chang Ho Fibre to be Significantly Overvalued.
Key valuation signals for TPE:1468:
Return-on-Tangible-Asset: 3.38% (191% above median its 10-year median of 1.16)
GF Value™: NT$8.77 vs. price of NT$14.00 (59.6% above fair value)
Industry Position: 67.3% above the Manufacturing - Apparel & Accessories median (#614 of 1068)
No single metric tells the full story. See the TPE:1468 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chang Ho Fibre Corp manufactures and sells various fibers, ultra-fine and super-micro fibers, and dyed and finished fabrics. Geographically, the company generates maximum revenue from its customers in Bangladesh, followed by China, Taiwan, South Korea, Laos, and Vietnam. The company's segments include: Domestic Segment; Shaoxing Segment; and Other Divisions. The company's main products include: 10-2000 Danny; Double-shot - Four-sided shot; calico; bonding and gluing; Parachute fabric; and PET bottle recycling.
54GF Score
Get the complete analysis for TPE:1468
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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