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China Glaze CoTPE:1809 -4.77%61 Return-on-Tangible-Asset is 1.17% as of Dec. 2025, which is 65% above its 10-year median of 0.71. GuruFocus rates TPE:1809 with a GF Score™ of 61/100 and a GF Value™ of NT$18.70 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,780 Construction companies, China Glaze Co ranks worse than 68.37% 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 Glaze Co's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$52 Mil. China Glaze Co's average total tangible assets for the quarter that ended in Dec. 2025 was NT$4,458 Mil. Therefore, China Glaze Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 1.17%.
The historical rank and industry rank for China Glaze Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:1809'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.37 Med: 0.71 Max: 2.08
Current: 0.72
During the past 13 years, China Glaze Co's highest Return-on-Tangible-Asset was 2.08%. The lowest was -1.37%. And the median was 0.71%.
TPE:1809's Return-on-Tangible-Asset is ranked worse than 68.37% of 1780
companies
in the Construction industry
Industry Median: 3.06
vs TPE:1809: 0.72
China Glaze Co (TPE:1809) 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 Glaze Co Return-on-Tangible-Asset Related Terms
China Glaze Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for China Glaze 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:1809 vs TT, JCI, CARR: Return-on-Tangible-Asset Comparison
For the Building Products & Equipment subindustry, China Glaze 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.
China Glaze Co Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, China Glaze Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Glaze 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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 1.17% mean?
China Glaze Co (TPE:1809) has a Return-on-Tangible-Asset of 1.17% 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 Glaze Co and its competitors. This is 65% above median its historical median of 0.71. According to the industry distribution chart, China Glaze Co ranks #1217 out of 1780 companies in the Construction industry, placing it in the top 68.4%.
Is China Glaze Co's Return-on-Tangible-Asset too high?
China Glaze Co's current Return-on-Tangible-Asset of 1.17% is 65% above median its 10-year median of 0.71. The Construction industry median Return-on-Tangible-Asset is 3.06. China Glaze Co's value of 1.17% is 61.8% below this industry median. Based on the distribution chart, China Glaze Co ranks #1217 out of 1780 companies in the Construction industry, which is below the industry midpoint. Overall, China Glaze Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Glaze Co's Return-on-Tangible-Asset compare to TT and JCI?
According to the Construction industry distribution chart, China Glaze Co ranks #1217 out of 1780 companies for Return-on-Tangible-Asset. This places China Glaze Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.06. China Glaze Co's value of 1.17% is 61.8% below this benchmark. While the company's 10-year median is 0.71 vs. the industry median of 3.06, China Glaze 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 a Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,780 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 Glaze Co's current Return-on-Tangible-Asset of 1.17% is 61.8% 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 China Glaze Co and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Glaze Co's current Return-on-Tangible-Asset is 1.17%, which is 65% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Glaze Co stock overvalued right now?
Based on GuruFocus' analysis, China Glaze Co (TPE:1809) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$18.70, compared to a current price of NT$36.90 — trading 97.3% above its estimated fair value. The current Return-on-Tangible-Asset is 1.17%, which is 65% above median its 10-year median of 0.71 and 61.8% below the Construction industry median of 3.06. China Glaze Co's overall GF Score™ is 61/100 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 Glaze Co (TPE:1809), the current Return-on-Tangible-Asset is 1.17% 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 Glaze Co (TPE:1809) Overvalued in 2026?
Based on GuruFocus' analysis, China Glaze Co stock appears to be overvalued.
The current stock price of NT$36.90 is trading 97.3% above its estimated GF Value™ of NT$18.70.
GuruFocus considers China Glaze Co to be Significantly Overvalued.
Key valuation signals for TPE:1809:
Return-on-Tangible-Asset: 1.17% (65% above median its 10-year median of 0.71)
GF Value™: NT$18.70 vs. price of NT$36.90 (97.3% above fair value)
Industry Position: 61.8% below the Construction median (#1217 of 1780)
No single metric tells the full story. See the TPE:1809 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Glaze Co Ltd is engaged in mainly manufacturing and sales of various frit, glaze, pigments, ceramics, crystallized glass, phosphor powder for photoelectric use, and digital textile ink.
61GF Score
Get the complete analysis for TPE:1809
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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