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Airtac International GroupTPE:1590 +6.79%99 Return-on-Tangible-Asset is 17.91% as of Mar. 2026, which is 47% above its 10-year median of 12.15. GuruFocus rates TPE:1590 with a GF Score™ of 99/100 and a GF Value™ of NT$1,224.44 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 3,077 Industrial Products companies, Airtac International Group ranks better than 94.57% 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. Airtac International Group's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$10,684 Mil. Airtac International Group's average total tangible assets for the quarter that ended in Mar. 2026 was NT$59,670 Mil. Therefore, Airtac International Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 17.91%.
The historical rank and industry rank for Airtac International Group's Return-on-Tangible-Asset or its related term are showing as below:
TPE:1590'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.28 Med: 12.15 Max: 15.7
Current: 15.7
During the past 13 years, Airtac International Group's highest Return-on-Tangible-Asset was 15.70%. The lowest was 7.28%. And the median was 12.15%.
TPE:1590's Return-on-Tangible-Asset is ranked better than 94.57% of 3077
companies
in the Industrial Products industry
Industry Median: 3.26
vs TPE:1590: 15.70
Airtac International Group (TPE:1590) 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.
Airtac International Group Return-on-Tangible-Asset Related Terms
Airtac International Group Return-on-Tangible-Asset Historical Data
* 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.
Airtac International Group Return-on-Tangible-Asset Chart
TPE:1590 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Airtac International 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.
Airtac International Group Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Airtac International Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Airtac International 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 17.91% mean?
Airtac International Group (TPE:1590) has a Return-on-Tangible-Asset of 17.91% 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 Airtac International Group and its competitors. This is 47% above median its historical median of 12.15. Over the past decade, Airtac International Group's Return-on-Tangible-Asset has ranged from 7.28 to 15.70. According to the industry distribution chart, Airtac International Group ranks #167 out of 3077 companies in the Industrial Products industry, placing it in the top 5.4%.
Is Airtac International Group's Return-on-Tangible-Asset too high?
Airtac International Group's current Return-on-Tangible-Asset of 17.91% is 47% above median its 10-year median of 12.15. Over the past 10 years, this metric has ranged from a low of 7.28 to a high of 15.70. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Airtac International Group's value of 17.91% is 449.4% above this industry median. Based on the distribution chart, Airtac International Group ranks #167 out of 3077 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Airtac International Group has a GF Score™ of 99/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Airtac International Group's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Airtac International Group ranks #167 out of 3077 companies for Return-on-Tangible-Asset. This places Airtac International Group in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. Airtac International Group's value of 17.91% is 449.4% above this benchmark. Historically, Airtac International Group's own Return-on-Tangible-Asset has ranged from 7.28 to 15.70 over the past decade. While the company's 10-year median is 12.15 vs. the industry median of 3.26, Airtac International 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,077 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. Airtac International Group's current Return-on-Tangible-Asset of 17.91% is 449.4% 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 Airtac International Group 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. Airtac International Group's current Return-on-Tangible-Asset is 17.91%, which is 47% above median its own 10-year median of 12.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airtac International Group stock overvalued right now?
Based on GuruFocus' analysis, Airtac International Group (TPE:1590) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$1,224.44, compared to a current price of NT$1,415.00 — trading 15.6% above its estimated fair value. The current Return-on-Tangible-Asset is 17.91%, which is 47% above median its 10-year median of 12.15 and 449.4% above the Industrial Products industry median of 3.26. Airtac International Group's overall GF Score™ is 99/100 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 Airtac International Group (TPE:1590), the current Return-on-Tangible-Asset is 17.91% 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 Airtac International Group (TPE:1590) Overvalued in 2026?
Based on GuruFocus' analysis, Airtac International Group stock appears to be overvalued.
The current stock price of NT$1,415.00 is trading 15.6% above its estimated GF Value™ of NT$1,224.44.
GuruFocus considers Airtac International Group to be Modestly Overvalued.
Key valuation signals for TPE:1590:
Return-on-Tangible-Asset: 17.91% (47% above median its 10-year median of 12.15)
GF Value™: NT$1,224.44 vs. price of NT$1,415.00 (15.6% above fair value)
Industry Position: 449.4% above the Industrial Products median (#167 of 3077)
No single metric tells the full story. See the TPE:1590 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in Taiwan in 1989, AirTAC International Group specializes in producing actuators, control components, air preparation products, and accessories, which are widely used in industrial automation, including industries such as electronics, energy & lighting, battery, packaging, automotive, general machinery, and textile. The firm is the second-largest pneumatic equipment manufacturer in China, with 30% market share. AirTAC generated more than 90% of sales from China in 2025.
99GF Score
Get the complete analysis for TPE:1590
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