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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. RAC Electric Vehicles's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$503 Mil. RAC Electric Vehicles's average total tangible assets for the quarter that ended in Jun. 2026 was NT$4,044 Mil. Therefore, RAC Electric Vehicles's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 12.43%.
The historical rank and industry rank for RAC Electric Vehicles's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2237'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -43.49 Med: -16.78 Max: 10.34
Current: 10.34
During the past 13 years, RAC Electric Vehicles's highest Return-on-Tangible-Asset was 10.34%. The lowest was -43.49%. And the median was -16.78%.
TPE:2237's Return-on-Tangible-Asset is ranked better than 88.57% of 1338
companies
in the Vehicles & Parts industry
Industry Median: 3.37
vs TPE:2237: 10.34
RAC Electric Vehicles (TPE:2237) 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.
RAC Electric Vehicles Return-on-Tangible-Asset Related Terms
RAC Electric Vehicles Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for RAC Electric Vehicles'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.
RAC Electric Vehicles Return-on-Tangible-Asset Chart
TPE:2237 vs TSLA, GM, F: Return-on-Tangible-Asset Comparison
For the Auto Manufacturers subindustry, RAC Electric Vehicles'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.
RAC Electric Vehicles Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, RAC Electric Vehicles's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where RAC Electric Vehicles'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 two times the semi-annual (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 12.43% mean?
RAC Electric Vehicles (TPE:2237) has a Return-on-Tangible-Asset of 12.43% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on RAC Electric Vehicles and its competitors. According to the industry distribution chart, RAC Electric Vehicles ranks #153 out of 1338 companies in the Vehicles & Parts industry, placing it in the top 11.4%.
Is RAC Electric Vehicles' Return-on-Tangible-Asset too high?
RAC Electric Vehicles' current Return-on-Tangible-Asset is 12.43%. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.37. RAC Electric Vehicles' value of 12.43% is 268.8% above this industry median. Based on the distribution chart, RAC Electric Vehicles ranks #153 out of 1338 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, RAC Electric Vehicles has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RAC Electric Vehicles' Return-on-Tangible-Asset compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, RAC Electric Vehicles ranks #153 out of 1338 companies for Return-on-Tangible-Asset. This places RAC Electric Vehicles in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.37. RAC Electric Vehicles' value of 12.43% is 268.8% 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 3.37, based on 1,338 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. RAC Electric Vehicles's current Return-on-Tangible-Asset of 12.43% is 268.8% 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 RAC Electric Vehicles and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RAC Electric Vehicles's current Return-on-Tangible-Asset is 12.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RAC Electric Vehicles stock overvalued right now?
Based on GuruFocus' analysis, RAC Electric Vehicles (TPE:2237) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$54.39, compared to a current price of NT$28.00 — trading 48.5% below its estimated fair value. The current Return-on-Tangible-Asset is 12.43% and 268.8% above the Vehicles & Parts industry median of 3.37. RAC Electric Vehicles' overall GF Score™ is 50/100 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 RAC Electric Vehicles (TPE:2237), the current Return-on-Tangible-Asset is 12.43% as of Jun. 2026. 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 RAC Electric Vehicles (TPE:2237) Overvalued in 2026?
Based on GuruFocus' analysis, RAC Electric Vehicles stock appears to be undervalued.
The current stock price of NT$28.00 is trading 48.5% below its estimated GF Value™ of NT$54.39.
GuruFocus considers RAC Electric Vehicles to be Significantly Undervalued.
Key valuation signals for TPE:2237:
Return-on-Tangible-Asset: 12.43%
GF Value™: NT$54.39 vs. price of NT$28.00 (48.5% below fair value)
Industry Position: 268.8% above the Vehicles & Parts median (#153 of 1338)
No single metric tells the full story. See the TPE:2237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RAC Electric Vehicles Inc is a Taiwan-licensed car manufacturer, to develop an all-electric low-floor city bus. The comapny's main businesses include battery manufacturing, battery wholesale, manufacturing of automotive and parts, and the retail of auto and motorcycle parts and accessories.
50GF Score
Get the complete analysis for TPE:2237
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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