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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.
Pan-International Industrial Return-on-Tangible-Asset Related Terms
Pan-International Industrial Return-on-Tangible-Asset Historical Data
* 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:2328 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Pan-International Industrial'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.
Pan-International Industrial Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Pan-International Industrial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pan-International Industrial'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -1.40% mean?
Pan-International Industrial (TPE:2328) has a Return-on-Tangible-Asset of -1.40% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Pan-International Industrial and its competitors. Over the past decade, Pan-International Industrial's Return-on-Tangible-Asset has ranged from 2.15 to 5.87. According to the industry distribution chart, Pan-International Industrial ranks #1301 out of 2500 companies in the Hardware industry, placing it in the top 52%.
Is Pan-International Industrial's Return-on-Tangible-Asset too high?
Pan-International Industrial's current Return-on-Tangible-Asset is -1.40%. Over the past 10 years, this metric has ranged from a low of 2.15 to a high of 5.87. Based on the distribution chart, Pan-International Industrial ranks #1301 out of 2500 companies in the Hardware industry, which is below the industry midpoint. Overall, Pan-International Industrial has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan-International Industrial's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Pan-International Industrial ranks #1301 out of 2500 companies for Return-on-Tangible-Asset. This places Pan-International Industrial in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.46. Historically, Pan-International Industrial's own Return-on-Tangible-Asset has ranged from 2.15 to 5.87 over the past decade. 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 2.46, 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. 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 Pan-International Industrial and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan-International Industrial's current Return-on-Tangible-Asset is -1.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan-International Industrial stock overvalued right now?
Based on GuruFocus' analysis, Pan-International Industrial (TPE:2328) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$33.09, compared to a current price of NT$38.80 — trading 17.3% above its estimated fair value. The current Return-on-Tangible-Asset is -1.40%. Pan-International Industrial's overall GF Score™ is 81/100 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 Pan-International Industrial (TPE:2328), the current Return-on-Tangible-Asset is -1.40% as of Mar. 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 Pan-International Industrial (TPE:2328) Overvalued in 2026?
Based on GuruFocus' analysis, Pan-International Industrial stock appears to be overvalued.
The current stock price of NT$38.80 is trading 17.3% above its estimated GF Value™ of NT$33.09.
GuruFocus considers Pan-International Industrial to be Modestly Overvalued.
Key valuation signals for TPE:2328:
Return-on-Tangible-Asset: -1.40%
GF Value™: NT$33.09 vs. price of NT$38.80 (17.3% above fair value)
No single metric tells the full story. See the TPE:2328 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pan-International Industrial Corp is engaged in the development, manufacturing, and sales of electronic signal cables, connectors, connection wires, precision molds, various plugs and sockets, telecommunication devices, wireless Bluetooth devices, printed circuit boards and other computer peripherals, medical device-related products, industrial control products, as well as automotive wire harnesses, automotive parts and accessories, and intelligent in-vehicle equipment.
81GF Score
Get the complete analysis for TPE:2328
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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