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Jung Shing Wire CoTPE:1617 +9.94%72 Return-on-Tangible-Asset is 1.59% as of Mar. 2026, which is 50% below its 10-year median of 3.15. GuruFocus rates TPE:1617 with a GF Score™ of 72/100 and a GF Value™ of NT$17.99 (Fairly Valued). The stock has 6 warning signs investors should review. Among 3,077 Industrial Products companies, Jung Shing Wire Co ranks worse than 50.02% 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. Jung Shing Wire Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$54 Mil. Jung Shing Wire Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$3,401 Mil. Therefore, Jung Shing Wire Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.59%.
The historical rank and industry rank for Jung Shing Wire Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:1617'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.45 Med: 3.15 Max: 6.59
Current: 4.29
During the past 13 years, Jung Shing Wire Co's highest Return-on-Tangible-Asset was 6.59%. The lowest was 0.45%. And the median was 3.15%.
TPE:1617's Return-on-Tangible-Asset is ranked worse than 50.02% of 3077
companies
in the Industrial Products industry
Industry Median: 3.26
vs TPE:1617: 4.29
Jung Shing Wire Co (TPE:1617) 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.
Jung Shing Wire Co Return-on-Tangible-Asset Related Terms
Jung Shing Wire Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Jung Shing Wire 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.
TPE:1617 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Jung Shing Wire 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.
Jung Shing Wire Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Jung Shing Wire Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Jung Shing Wire 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 1.59% mean?
Jung Shing Wire Co (TPE:1617) has a Return-on-Tangible-Asset of 1.59% 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 Jung Shing Wire Co and its competitors. This is 50% below median its historical median of 3.15. Over the past decade, Jung Shing Wire Co's Return-on-Tangible-Asset has ranged from 0.45 to 6.59. According to the industry distribution chart, Jung Shing Wire Co ranks #1539 out of 3077 companies in the Industrial Products industry, placing it in the top 50%.
Is Jung Shing Wire Co's Return-on-Tangible-Asset too high?
Jung Shing Wire Co's current Return-on-Tangible-Asset of 1.59% is 50% below median its 10-year median of 3.15. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 6.59. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Jung Shing Wire Co's value of 1.59% is 51.2% below this industry median. Based on the distribution chart, Jung Shing Wire Co ranks #1539 out of 3077 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Jung Shing Wire Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jung Shing Wire Co's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Jung Shing Wire Co ranks #1539 out of 3077 companies for Return-on-Tangible-Asset. This puts Jung Shing Wire Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.26. Jung Shing Wire Co's value of 1.59% is 51.2% below this benchmark. Historically, Jung Shing Wire Co's own Return-on-Tangible-Asset has ranged from 0.45 to 6.59 over the past decade. While the company's 10-year median is 3.15 vs. the industry median of 3.26, Jung Shing Wire Co has consistently been below 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. Jung Shing Wire Co's current Return-on-Tangible-Asset of 1.59% is 51.2% below 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 Jung Shing Wire 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. Jung Shing Wire Co's current Return-on-Tangible-Asset is 1.59%, which is 50% below median its own 10-year median of 3.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jung Shing Wire Co stock overvalued right now?
Based on GuruFocus' analysis, Jung Shing Wire Co (TPE:1617) is currently considered Fairly Valued. The stock's GF Value™ is NT$17.99, compared to a current price of NT$18.25 — trading 1.4% above its estimated fair value. The current Return-on-Tangible-Asset is 1.59%, which is 50% below median its 10-year median of 3.15 and 51.2% below the Industrial Products industry median of 3.26. Jung Shing Wire Co's overall GF Score™ is 72/100 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 Jung Shing Wire Co (TPE:1617), the current Return-on-Tangible-Asset is 1.59% 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 Jung Shing Wire Co (TPE:1617) Overvalued in 2026?
Based on GuruFocus' analysis, Jung Shing Wire Co stock appears to be overvalued.
The current stock price of NT$18.25 is trading 1.4% above its estimated GF Value™ of NT$17.99.
GuruFocus considers Jung Shing Wire Co to be Fairly Valued.
Key valuation signals for TPE:1617:
Return-on-Tangible-Asset: 1.59% (50% below median its 10-year median of 3.15)
GF Value™: NT$17.99 vs. price of NT$18.25 (1.4% above fair value)
Industry Position: 51.2% below the Industrial Products median (#1539 of 3077)
No single metric tells the full story. See the TPE:1617 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jung Shing Wire Co Ltd is engaged in the manufacturing and processing of enameled wires and downstream products, and the trading of related machinery and equipment. Its product portfolio comprises general enameled wire, self-melting enameled wire, and special enameled wire. The group has a reporting segment: the wire department, which manufactures various kinds of degaussing rings, enameled wire, and Litz wire. Geographically, the company generates maximum revenue from Mainland China, followed by Taiwan, Vietnam, the Philippines, Japan, and other countries.
72GF Score
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