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FederalTPE:2102 -0.52%63 Return-on-Tangible-Asset is 125.49% as of Dec. 2025. GuruFocus rates TPE:2102 with a GF Score™ of 63/100 and a GF Value™ of NT$16.49 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,329 Vehicles & Parts companies, Federal ranks better than 98.8% 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. Federal's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$15,613.1 Mil. Federal's average total tangible assets for the quarter that ended in Dec. 2025 was NT$12,441.9 Mil. Therefore, Federal's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 125.49%.
The historical rank and industry rank for Federal's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2102'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.99 Med: -4.77 Max: 22.45
Current: 22.43
During the past 13 years, Federal's highest Return-on-Tangible-Asset was 22.45%. The lowest was -17.99%. And the median was -4.77%.
TPE:2102's Return-on-Tangible-Asset is ranked better than 98.8% of 1329
companies
in the Vehicles & Parts industry
Industry Median: 3.16
vs TPE:2102: 22.43
Federal (TPE:2102) 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.
Federal Return-on-Tangible-Asset Related Terms
Federal Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Federal'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:2102 vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Federal'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.
Federal Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Federal's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Federal'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 125.49% mean?
Federal (TPE:2102) has a Return-on-Tangible-Asset of 125.49% 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 Federal and its competitors. According to the industry distribution chart, Federal ranks #16 out of 1329 companies in the Vehicles & Parts industry, placing it in the top 1.2%.
Is Federal's Return-on-Tangible-Asset too high?
Federal's current Return-on-Tangible-Asset is 125.49%. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.16. Federal's value of 125.49% is 3871.2% above this industry median. Based on the distribution chart, Federal ranks #16 out of 1329 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Federal has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Federal's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Federal ranks #16 out of 1329 companies for Return-on-Tangible-Asset. This places Federal in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.16. Federal's value of 125.49% is 3871.2% above this benchmark. 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.16, based on 1,329 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. Federal's current Return-on-Tangible-Asset of 125.49% is 3871.2% 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 Federal and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Federal's current Return-on-Tangible-Asset is 125.49%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal stock overvalued right now?
Based on GuruFocus' analysis, Federal (TPE:2102) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$16.49, compared to a current price of NT$19.10 — trading 15.8% above its estimated fair value. The current Return-on-Tangible-Asset is 125.49% and 3871.2% above the Vehicles & Parts industry median of 3.16. Federal's overall GF Score™ is 63/100 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 Federal (TPE:2102), the current Return-on-Tangible-Asset is 125.49% 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 Federal (TPE:2102) Overvalued in 2026?
Based on GuruFocus' analysis, Federal stock appears to be overvalued.
The current stock price of NT$19.10 is trading 15.8% above its estimated GF Value™ of NT$16.49.
GuruFocus considers Federal to be Modestly Overvalued.
Key valuation signals for TPE:2102:
Return-on-Tangible-Asset: 125.49%
GF Value™: NT$16.49 vs. price of NT$19.10 (15.8% above fair value)
Industry Position: 3871.2% above the Vehicles & Parts median (#16 of 1329)
No single metric tells the full story. See the TPE:2102 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Federal Corp is a Taiwan-based company that engages in the manufacturing and sale of automobile tires and rubber, as well as real estate development and leasing. Its products include tires for ultra-high performance (UHP) vehicles and high-performance vehicles, tires for passenger cars, and tires for sports utility vehicles (SUVs), among others. It also provides light truck tires, drift tires, and all-season tires. The company derives its key revenue from the domestic market and the rest from Asia and America.
63GF Score
Get the complete analysis for TPE:2102
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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