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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 Man-Made Fiber's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$-545 Mil. China Man-Made Fiber's average total tangible assets for the quarter that ended in Dec. 2025 was NT$1,027,809 Mil. Therefore, China Man-Made Fiber's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -0.05%.
The historical rank and industry rank for China Man-Made Fiber's Return-on-Tangible-Asset or its related term are showing as below:
TPE:1718'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.18 Med: -0.01 Max: 0.19
Current: 0.01
During the past 13 years, China Man-Made Fiber's highest Return-on-Tangible-Asset was 0.19%. The lowest was -0.18%. And the median was -0.01%.
TPE:1718's Return-on-Tangible-Asset is ranked worse than 95.02% of 1527
companies
in the Banks industry
Industry Median: 1.01
vs TPE:1718: 0.01
China Man-Made Fiber (TPE:1718) 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 Man-Made Fiber Return-on-Tangible-Asset Related Terms
China Man-Made Fiber Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for China Man-Made Fiber'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.
China Man-Made Fiber Return-on-Tangible-Asset Chart
TPE:1718 vs PNC, USB: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, China Man-Made Fiber'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 Man-Made Fiber Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, China Man-Made Fiber's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Man-Made Fiber'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -0.05% mean?
China Man-Made Fiber (TPE:1718) has a Return-on-Tangible-Asset of -0.05% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on China Man-Made Fiber and its competitors. According to the industry distribution chart, China Man-Made Fiber ranks #1451 out of 1527 companies in the Banks industry, placing it in the top 95%.
Is China Man-Made Fiber's Return-on-Tangible-Asset too high?
China Man-Made Fiber's current Return-on-Tangible-Asset is -0.05%. Based on the distribution chart, China Man-Made Fiber ranks #1451 out of 1527 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, China Man-Made Fiber has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Man-Made Fiber's Return-on-Tangible-Asset compare to PNC and USB?
According to the Banks industry distribution chart, China Man-Made Fiber ranks #1451 out of 1527 companies for Return-on-Tangible-Asset. This places China Man-Made Fiber in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.01. 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 Banks company?
The median Return-on-Tangible-Asset among Banks companies is 1.01, based on 1,527 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. 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 Man-Made Fiber and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Man-Made Fiber's current Return-on-Tangible-Asset is -0.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Man-Made Fiber stock overvalued right now?
Based on GuruFocus' analysis, China Man-Made Fiber (TPE:1718) is currently considered Fairly Valued. The stock's GF Value™ is NT$9.38, compared to a current price of NT$9.99 — trading 6.5% above its estimated fair value. The current Return-on-Tangible-Asset is -0.05%. China Man-Made Fiber's overall GF Score™ is 67/100 with 5 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 Man-Made Fiber (TPE:1718), the current Return-on-Tangible-Asset is -0.05% as of Dec. 2025. 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 Man-Made Fiber (TPE:1718) Overvalued in 2026?
Based on GuruFocus' analysis, China Man-Made Fiber stock appears to be overvalued.
The current stock price of NT$9.99 is trading 6.5% above its estimated GF Value™ of NT$9.38.
GuruFocus considers China Man-Made Fiber to be Fairly Valued.
Key valuation signals for TPE:1718:
Return-on-Tangible-Asset: -0.05%
GF Value™: NT$9.38 vs. price of NT$9.99 (6.5% above fair value)
No single metric tells the full story. See the TPE:1718 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Man-Made Fiber Corp makes and sells chemicals and fiber products, including polyester yarn and filament, and rayon yarn and fiber, which are used to make apparel, footwear, and industrial cloth. The company's segments include Chemical Industry Department, Chemical Fiber Department, Bank departments, and other departments. The majority of its revenue is generated from banking departments.
67GF Score
Get the complete analysis for TPE:1718
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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