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Mayer Steel PipeTPE:2020 -0.47%75 Return-on-Tangible-Asset is 5.43% as of Dec. 2025, which is 19% below its 10-year median of 6.67. GuruFocus rates TPE:2020 with a GF Score™ of 75/100 and a GF Value™ of NT$20.83 (Fairly Valued). The stock has 5 warning signs investors should review. Among 634 Steel companies, Mayer Steel Pipe ranks better than 79.65% 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. Mayer Steel Pipe's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$500 Mil. Mayer Steel Pipe's average total tangible assets for the quarter that ended in Dec. 2025 was NT$9,219 Mil. Therefore, Mayer Steel Pipe's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 5.43%.
The historical rank and industry rank for Mayer Steel Pipe's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2020'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.44 Med: 6.67 Max: 14.38
Current: 6.3
During the past 13 years, Mayer Steel Pipe's highest Return-on-Tangible-Asset was 14.38%. The lowest was 3.44%. And the median was 6.67%.
TPE:2020's Return-on-Tangible-Asset is ranked better than 79.65% of 634
companies
in the Steel industry
Industry Median: 2.015
vs TPE:2020: 6.30
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.
Mayer Steel Pipe Return-on-Tangible-Asset Related Terms
Mayer Steel Pipe Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mayer Steel Pipe'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:2020 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Mayer Steel Pipe'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.
Mayer Steel Pipe Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Mayer Steel Pipe's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mayer Steel Pipe'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 5.43% mean?
Mayer Steel Pipe (TPE:2020) has a Return-on-Tangible-Asset of 5.43% 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 Mayer Steel Pipe and its competitors. This is 19% below median its historical median of 6.67. Over the past decade, Mayer Steel Pipe's Return-on-Tangible-Asset has ranged from 3.44 to 14.38. According to the industry distribution chart, Mayer Steel Pipe ranks #129 out of 634 companies in the Steel industry, placing it in the top 20.3%.
Is Mayer Steel Pipe's Return-on-Tangible-Asset too high?
Mayer Steel Pipe's current Return-on-Tangible-Asset of 5.43% is 19% below median its 10-year median of 6.67. Over the past 10 years, this metric has ranged from a low of 3.44 to a high of 14.38. The Steel industry median Return-on-Tangible-Asset is 2.02. Mayer Steel Pipe's value of 5.43% is 169.5% above this industry median. Based on the distribution chart, Mayer Steel Pipe ranks #129 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mayer Steel Pipe has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mayer Steel Pipe's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Mayer Steel Pipe ranks #129 out of 634 companies for Return-on-Tangible-Asset. This places Mayer Steel Pipe in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.02. Mayer Steel Pipe's value of 5.43% is 169.5% above this benchmark. Historically, Mayer Steel Pipe's own Return-on-Tangible-Asset has ranged from 3.44 to 14.38 over the past decade. While the company's 10-year median is 6.67 vs. the industry median of 2.02, Mayer Steel Pipe 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.02, based on 634 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. Mayer Steel Pipe's current Return-on-Tangible-Asset of 5.43% is 169.5% 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 Mayer Steel Pipe and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayer Steel Pipe's current Return-on-Tangible-Asset is 5.43%, which is 19% below median its own 10-year median of 6.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayer Steel Pipe stock overvalued right now?
Based on GuruFocus' analysis, Mayer Steel Pipe (TPE:2020) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.83, compared to a current price of NT$21.10 — trading 1.3% above its estimated fair value. The current Return-on-Tangible-Asset is 5.43%, which is 19% below median its 10-year median of 6.67 and 169.5% above the Steel industry median of 2.02. Mayer Steel Pipe's overall GF Score™ is 75/100 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 Mayer Steel Pipe (TPE:2020), the current Return-on-Tangible-Asset is 5.43% 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 Mayer Steel Pipe (TPE:2020) Overvalued in 2026?
Based on GuruFocus' analysis, Mayer Steel Pipe stock appears to be overvalued.
The current stock price of NT$21.10 is trading 1.3% above its estimated GF Value™ of NT$20.83.
GuruFocus considers Mayer Steel Pipe to be Fairly Valued.
Key valuation signals for TPE:2020:
Return-on-Tangible-Asset: 5.43% (19% below median its 10-year median of 6.67)
GF Value™: NT$20.83 vs. price of NT$21.10 (1.3% above fair value)
Industry Position: 169.5% above the Steel median (#129 of 634)
No single metric tells the full story. See the TPE:2020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayer Steel Pipe Corp operates as a steel pipe manufacturer in Taiwan. The primary business of the company and its entities is engaged in the production and sales of black steel pipes, galvanized steel pipes and stainless-steel coils for pipes. The company's reportable segments are the Steel Segment, Real Estate Investment Segment, Investment Segment, and Hotel Services Segment. The majority of revenue is derived from the Steel department, which focuses on the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for Pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.
75GF Score
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