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CMC MagneticsTPE:2323 +5.97%58 Return-on-Tangible-Asset is 18.40% as of Dec. 2025, which is 3245% above its 10-year median of 0.55. GuruFocus rates TPE:2323 with a GF Score™ of 58/100 and a GF Value™ of NT$10.83 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,500 Hardware companies, CMC Magnetics ranks better than 73.56% 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. CMC Magnetics's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$5,275 Mil. CMC Magnetics's average total tangible assets for the quarter that ended in Dec. 2025 was NT$28,669 Mil. Therefore, CMC Magnetics's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 18.40%.
The historical rank and industry rank for CMC Magnetics's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2323'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.6 Med: 0.55 Max: 7.17
Current: 6.33
During the past 13 years, CMC Magnetics's highest Return-on-Tangible-Asset was 7.17%. The lowest was -7.60%. And the median was 0.55%.
TPE:2323's Return-on-Tangible-Asset is ranked better than 73.56% of 2500
companies
in the Hardware industry
Industry Median: 2.47
vs TPE:2323: 6.33
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.
CMC Magnetics Return-on-Tangible-Asset Related Terms
CMC Magnetics Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for CMC Magnetics'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:2323 vs DELL, ANET, SNDK: Return-on-Tangible-Asset Comparison
For the Computer Hardware subindustry, CMC Magnetics'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.
CMC Magnetics Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, CMC Magnetics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CMC Magnetics'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 18.40% mean?
CMC Magnetics (TPE:2323) has a Return-on-Tangible-Asset of 18.40% 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 CMC Magnetics and its competitors. This is 3245% above median its historical median of 0.55. According to the industry distribution chart, CMC Magnetics ranks #661 out of 2500 companies in the Hardware industry, placing it in the top 26.4%.
Is CMC Magnetics' Return-on-Tangible-Asset too high?
CMC Magnetics' current Return-on-Tangible-Asset of 18.40% is 3245% above median its 10-year median of 0.55. The Hardware industry median Return-on-Tangible-Asset is 2.47. CMC Magnetics' value of 18.40% is 644.9% above this industry median. Based on the distribution chart, CMC Magnetics ranks #661 out of 2500 companies in the Hardware industry, which is above the industry midpoint. Overall, CMC Magnetics has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMC Magnetics' Return-on-Tangible-Asset compare to DELL and ANET?
According to the Hardware industry distribution chart, CMC Magnetics ranks #661 out of 2500 companies for Return-on-Tangible-Asset. This puts CMC Magnetics in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.47. CMC Magnetics' value of 18.40% is 644.9% above this benchmark. While the company's 10-year median is 0.55 vs. the industry median of 2.47, CMC Magnetics 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.47, based on 2,500 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. CMC Magnetics's current Return-on-Tangible-Asset of 18.40% is 644.9% 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 CMC Magnetics and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMC Magnetics's current Return-on-Tangible-Asset is 18.40%, which is 3245% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMC Magnetics stock overvalued right now?
Based on GuruFocus' analysis, CMC Magnetics (TPE:2323) is currently considered Fairly Valued. The stock's GF Value™ is NT$10.83, compared to a current price of NT$9.94 — trading 8.2% below its estimated fair value. The current Return-on-Tangible-Asset is 18.40%, which is 3245% above median its 10-year median of 0.55 and 644.9% above the Hardware industry median of 2.47. CMC Magnetics' overall GF Score™ is 58/100 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 CMC Magnetics (TPE:2323), the current Return-on-Tangible-Asset is 18.40% 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 CMC Magnetics (TPE:2323) Overvalued in 2026?
Based on GuruFocus' analysis, CMC Magnetics stock appears to be undervalued.
The current stock price of NT$9.94 is trading 8.2% below its estimated GF Value™ of NT$10.83.
GuruFocus considers CMC Magnetics to be Fairly Valued.
Key valuation signals for TPE:2323:
Return-on-Tangible-Asset: 18.40% (3245% above median its 10-year median of 0.55)
GF Value™: NT$10.83 vs. price of NT$9.94 (8.2% below fair value)
Industry Position: 644.9% above the Hardware median (#661 of 2500)
No single metric tells the full story. See the TPE:2323 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMC Magnetics Corp is mainly engaged in the manufacturing and sale of consumer electronic products, including optical discs, as well as the acquisition of film agency rights and the production and distribution of digital discs and Blu-ray discs for sales. Its products include M-disc, CMC Pro, HP CD, and data storage products. Its segments are: the Storage Media segment, which generates the maximum revenue and is engaged in the manufacturing and sale of consumer electronic products, including optical discs; the Other Optoelectronic segment, which manufactures and sells panels; the Investment segment, which invests in various businesses; and the Other Segment. Europe generates the maximum revenue for the Group.
58GF Score
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