Mao Bao (TPE:1732) Return-on-Tangible-Asset: 8.18% (As of Dec. 2025) — 414% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:1732 Mao Bao Inc TPE:1732
80 GF Score
Price NT$26.30
GF Value NT$33.19
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Mao Bao Return-on-Tangible-Asset?

Mao Bao TPE:1732 +1.15% 80 Return-on-Tangible-Asset is 8.18% as of Dec. 2025, which is 414% above its 10-year median of 1.59. GuruFocus rates TPE:1732 with a GF Score™ of 80/100 and a GF Value™ of NT$33.19 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,996 Consumer Packaged Goods companies, Mao Bao ranks better than 55.66% 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. Mao Bao's annualized Net Income for the quarter that ended in Dec. 2025 was NT$53.8 Mil. Mao Bao's average total tangible assets for the quarter that ended in Dec. 2025 was NT$658.4 Mil. Therefore, Mao Bao's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 8.18%.

The historical rank and industry rank for Mao Bao's Return-on-Tangible-Asset or its related term are showing as below:

TPE:1732' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.09   Med: 1.59   Max: 6.21
Current: 4.5

During the past 13 years, Mao Bao's highest Return-on-Tangible-Asset was 6.21%. The lowest was -4.09%. And the median was 1.59%.

TPE:1732's Return-on-Tangible-Asset is ranked better than
55.66% of 1996 companies
in the Consumer Packaged Goods industry
Industry Median: 3.5 vs TPE:1732: 4.50

Mao Bao  (TPE:1732) 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 company’s 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 company’s 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.


Mao Bao Return-on-Tangible-Asset Related Terms


Mao Bao Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Mao Bao'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.

Mao Bao Return-on-Tangible-Asset Chart

Mao Bao Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.94 0.78 -0.93 1.93 4.42

Mao Bao Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.29 3.85 -1.91 7.87 8.18

TPE:1732 vs PG, CL, KVUE: Return-on-Tangible-Asset Comparison

For the Household & Personal Products subindustry, Mao Bao'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.


Mao Bao Return-on-Tangible-Asset vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mao Bao's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Mao Bao's Return-on-Tangible-Asset falls into.


TPE:1732
80GF Score
Mao Bao Inc TPE:1732
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mao Bao Return-on-Tangible-Asset Calculation

Mao Bao's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=29.327/( (655.045+670.495)/ 2 )
=29.327/662.77
=4.42 %

Mao Bao's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=53.828/( (646.23+670.495)/ 2 )
=53.828/658.3625
=8.18 %

* 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 8.18% mean?
Mao Bao (TPE:1732) has a Return-on-Tangible-Asset of 8.18% 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 Mao Bao and its competitors. This is 414% above median its historical median of 1.59. According to the industry distribution chart, Mao Bao ranks #885 out of 1996 companies in the Consumer Packaged Goods industry, placing it in the top 44.3%.
Is Mao Bao's Return-on-Tangible-Asset too high?
Mao Bao's current Return-on-Tangible-Asset of 8.18% is 414% above median its 10-year median of 1.59. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.50. Mao Bao's value of 8.18% is 133.7% above this industry median. Based on the distribution chart, Mao Bao ranks #885 out of 1996 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Mao Bao has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mao Bao's Return-on-Tangible-Asset compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Mao Bao ranks #885 out of 1996 companies for Return-on-Tangible-Asset. This puts Mao Bao in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.50. Mao Bao's value of 8.18% is 133.7% above this benchmark. While the company's 10-year median is 1.59 vs. the industry median of 3.50, Mao Bao 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.50, based on 1,996 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. Mao Bao's current Return-on-Tangible-Asset of 8.18% is 133.7% 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 Mao Bao and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mao Bao's current Return-on-Tangible-Asset is 8.18%, which is 414% above median its own 10-year median of 1.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mao Bao stock overvalued right now?
Based on GuruFocus' analysis, Mao Bao (TPE:1732) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$33.19, compared to a current price of NT$26.30 — trading 20.8% below its estimated fair value. The current Return-on-Tangible-Asset is 8.18%, which is 414% above median its 10-year median of 1.59 and 133.7% above the Consumer Packaged Goods industry median of 3.50. Mao Bao's overall GF Score™ is 80/100 with 1 warning sign 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 Mao Bao (TPE:1732), the current Return-on-Tangible-Asset is 8.18% 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 Mao Bao (TPE:1732) Overvalued in 2026?

Based on GuruFocus' analysis, Mao Bao stock appears to be undervalued. The current stock price of NT$26.30 is trading 20.8% below its estimated GF Value™ of NT$33.19. GuruFocus considers Mao Bao to be Modestly Undervalued.

Key valuation signals for TPE:1732:

  • Return-on-Tangible-Asset: 8.18% (414% above median its 10-year median of 1.59)
  • GF Value™: NT$33.19 vs. price of NT$26.30 (20.8% below fair value)
  • GF Score™: 80/100 with 1 warning sign
  • Industry Position: 133.7% above the Consumer Packaged Goods median (#885 of 1996)

No single metric tells the full story. See the TPE:1732 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mao Bao Business Description

Address No. 19, Shihchien Road, Shen-Li Village, Hukou Township, Hsinchu, TWN
Mao Bao Inc operates in the household and personal products industry. The company's main businesses are the processing, manufacturing, transactions, and other import/export trading of various cleaning products. The company's products are widely distributed in supermarkets, warehouse clubs, convenient stores such as Carrefour, Costco, Watsons, and Wellcome.
80GF Score

Get the complete analysis for TPE:1732

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$26.30
Price
NT$33.19
GF Value