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Chang Type Industrial CoTPE:1541 -1.67%75 Return-on-Tangible-Asset is 4.79% as of Mar. 2026, which is 20% below its 10-year median of 6.01. GuruFocus rates TPE:1541 with a GF Score™ of 75/100 and a GF Value™ of NT$30.24 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 3,078 Industrial Products companies, Chang Type Industrial Co ranks better than 64.91% 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 Type Industrial Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$152 Mil. Chang Type Industrial Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$3,165 Mil. Therefore, Chang Type Industrial Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.79%.
The historical rank and industry rank for Chang Type Industrial Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:1541'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.36 Med: 6.01 Max: 14.6
Current: 5.48
During the past 13 years, Chang Type Industrial Co's highest Return-on-Tangible-Asset was 14.60%. The lowest was 2.36%. And the median was 6.01%.
TPE:1541's Return-on-Tangible-Asset is ranked better than 64.91% of 3078
companies
in the Industrial Products industry
Industry Median: 3.26
vs TPE:1541: 5.48
Chang Type Industrial Co (TPE:1541) 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 Type Industrial Co Return-on-Tangible-Asset Related Terms
Chang Type Industrial Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Chang Type Industrial 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.
Chang Type Industrial Co Return-on-Tangible-Asset Chart
TPE:1541 vs SNA, RBC, SWK: Return-on-Tangible-Asset Comparison
For the Tools & Accessories subindustry, Chang Type Industrial 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.
Chang Type Industrial Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Chang Type Industrial Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chang Type Industrial 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 4.79% mean?
Chang Type Industrial Co (TPE:1541) has a Return-on-Tangible-Asset of 4.79% 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 Type Industrial Co and its competitors. This is 20% below median its historical median of 6.01. Over the past decade, Chang Type Industrial Co's Return-on-Tangible-Asset has ranged from 2.36 to 14.60. According to the industry distribution chart, Chang Type Industrial Co ranks #1080 out of 3078 companies in the Industrial Products industry, placing it in the top 35.1%.
Is Chang Type Industrial Co's Return-on-Tangible-Asset too high?
Chang Type Industrial Co's current Return-on-Tangible-Asset of 4.79% is 20% below median its 10-year median of 6.01. Over the past 10 years, this metric has ranged from a low of 2.36 to a high of 14.60. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Chang Type Industrial Co's value of 4.79% is 46.9% above this industry median. Based on the distribution chart, Chang Type Industrial Co ranks #1080 out of 3078 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Chang Type Industrial Co has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Chang Type Industrial Co's Return-on-Tangible-Asset compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Chang Type Industrial Co ranks #1080 out of 3078 companies for Return-on-Tangible-Asset. This puts Chang Type Industrial Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.26. Chang Type Industrial Co's value of 4.79% is 46.9% above this benchmark. Historically, Chang Type Industrial Co's own Return-on-Tangible-Asset has ranged from 2.36 to 14.60 over the past decade. While the company's 10-year median is 6.01 vs. the industry median of 3.26, Chang Type Industrial 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,078 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 Type Industrial Co's current Return-on-Tangible-Asset of 4.79% is 46.9% 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 Type Industrial Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chang Type Industrial Co's current Return-on-Tangible-Asset is 4.79%, which is 20% below median its own 10-year median of 6.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chang Type Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Chang Type Industrial Co (TPE:1541) is currently considered Possible Value Trap. The stock's GF Value™ is NT$30.24, compared to a current price of NT$20.60 — trading 31.9% below its estimated fair value. The current Return-on-Tangible-Asset is 4.79%, which is 20% below median its 10-year median of 6.01 and 46.9% above the Industrial Products industry median of 3.26. Chang Type Industrial Co's overall GF Score™ is 75/100 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 Chang Type Industrial Co (TPE:1541), the current Return-on-Tangible-Asset is 4.79% 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 Type Industrial Co (TPE:1541) Overvalued in 2026?
Based on GuruFocus' analysis, Chang Type Industrial Co stock appears to be undervalued.
The current stock price of NT$20.60 is trading 31.9% below its estimated GF Value™ of NT$30.24.
GuruFocus considers Chang Type Industrial Co to be Possible Value Trap.
Key valuation signals for TPE:1541:
Return-on-Tangible-Asset: 4.79% (20% below median its 10-year median of 6.01)
GF Value™: NT$30.24 vs. price of NT$20.60 (31.9% below fair value)
Industry Position: 46.9% above the Industrial Products median (#1080 of 3078)
No single metric tells the full story. See the TPE:1541 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chang Type Industrial Co Ltd manufacture, process and sell hand tools, electric machines, motors, power tools, automatic control system, computer machinery, electric test instruments, woodworking machines and metal parts. It is also the agent to import and export raw materials for all related products mentioned above and to design various molds and fixtures.
75GF Score
Get the complete analysis for TPE:1541
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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