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China Electric MfgTPE:1611 -0.42%65 Return-on-Tangible-Asset is 3.26% as of Mar. 2026, which is 57% above its 10-year median of 2.08. GuruFocus rates TPE:1611 with a GF Score™ of 65/100 and a GF Value™ of NT$11.87 (Fairly Valued). The stock has 3 warning signs investors should review. Among 434 Furnishings, Fixtures & Appliances companies, China Electric Mfg ranks worse than 66.13% 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. China Electric Mfg's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$169 Mil. China Electric Mfg's average total tangible assets for the quarter that ended in Mar. 2026 was NT$5,188 Mil. Therefore, China Electric Mfg's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.26%.
The historical rank and industry rank for China Electric Mfg's Return-on-Tangible-Asset or its related term are showing as below:
TPE:1611'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.17 Med: 2.08 Max: 12.91
Current: 0.24
During the past 13 years, China Electric Mfg's highest Return-on-Tangible-Asset was 12.91%. The lowest was -12.17%. And the median was 2.08%.
TPE:1611's Return-on-Tangible-Asset is ranked worse than 66.13% of 434
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.365
vs TPE:1611: 0.24
China Electric Mfg (TPE:1611) 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.
China Electric Mfg Return-on-Tangible-Asset Related Terms
China Electric Mfg Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for China Electric Mfg'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:1611 vs SN, SGI, MHK: Return-on-Tangible-Asset Comparison
For the Furnishings, Fixtures & Appliances subindustry, China Electric Mfg'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.
China Electric Mfg Return-on-Tangible-Asset vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, China Electric Mfg's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Electric Mfg'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 3.26% mean?
China Electric Mfg (TPE:1611) has a Return-on-Tangible-Asset of 3.26% 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 China Electric Mfg and its competitors. This is 57% above median its historical median of 2.08. According to the industry distribution chart, China Electric Mfg ranks #287 out of 434 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 66.1%.
Is China Electric Mfg's Return-on-Tangible-Asset too high?
China Electric Mfg's current Return-on-Tangible-Asset of 3.26% is 57% above median its 10-year median of 2.08. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Asset is 2.37. China Electric Mfg's value of 3.26% is 37.8% above this industry median. Based on the distribution chart, China Electric Mfg ranks #287 out of 434 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, China Electric Mfg has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Electric Mfg's Return-on-Tangible-Asset compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, China Electric Mfg ranks #287 out of 434 companies for Return-on-Tangible-Asset. This places China Electric Mfg in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.37. China Electric Mfg's value of 3.26% is 37.8% above this benchmark. While the company's 10-year median is 2.08 vs. the industry median of 2.37, China Electric Mfg 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 Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Asset among Furnishings, Fixtures & Appliances companies is 2.37, based on 434 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. China Electric Mfg's current Return-on-Tangible-Asset of 3.26% is 37.8% 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 China Electric Mfg and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Asset is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Electric Mfg's current Return-on-Tangible-Asset is 3.26%, which is 57% above median its own 10-year median of 2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Electric Mfg stock overvalued right now?
Based on GuruFocus' analysis, China Electric Mfg (TPE:1611) is currently considered Fairly Valued. The stock's GF Value™ is NT$11.87, compared to a current price of NT$11.95 — trading 0.7% above its estimated fair value. The current Return-on-Tangible-Asset is 3.26%, which is 57% above median its 10-year median of 2.08 and 37.8% above the Furnishings, Fixtures & Appliances industry median of 2.37. China Electric Mfg's overall GF Score™ is 65/100 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 China Electric Mfg (TPE:1611), the current Return-on-Tangible-Asset is 3.26% 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 China Electric Mfg (TPE:1611) Overvalued in 2026?
Based on GuruFocus' analysis, China Electric Mfg stock appears to be overvalued.
The current stock price of NT$11.95 is trading 0.7% above its estimated GF Value™ of NT$11.87.
GuruFocus considers China Electric Mfg to be Fairly Valued.
Key valuation signals for TPE:1611:
Return-on-Tangible-Asset: 3.26% (57% above median its 10-year median of 2.08)
GF Value™: NT$11.87 vs. price of NT$11.95 (0.7% above fair value)
Industry Position: 37.8% above the Furnishings, Fixtures & Appliances median (#287 of 434)
No single metric tells the full story. See the TPE:1611 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Electric Mfg Corp is a manufacturing enterprise. The company's business activities include manufacturing and selling electrical appliances, lighting products and related accessories; import and export trade of products; acts as an agent for domestic and foreign firm's quotation, distribution, and tendering business; and authorizes domestic and foreign firms to process and sell electrical appliances.
65GF Score
Get the complete analysis for TPE:1611
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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