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Accton TechnologyTPE:2345 -8.93%88 Return-on-Tangible-Asset is 21.79% as of Mar. 2026, which is 30% above its 10-year median of 16.80. GuruFocus rates TPE:2345 with a GF Score™ of 88/100 and a GF Value™ of NT$1,856.93 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,501 Hardware companies, Accton Technology ranks better than 97.68% 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. Accton Technology's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$33,364 Mil. Accton Technology's average total tangible assets for the quarter that ended in Mar. 2026 was NT$153,130 Mil. Therefore, Accton Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 21.79%.
The historical rank and industry rank for Accton Technology's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2345'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 11.69 Med: 16.8 Max: 23.11
Current: 22.65
During the past 13 years, Accton Technology's highest Return-on-Tangible-Asset was 23.11%. The lowest was 11.69%. And the median was 16.80%.
TPE:2345's Return-on-Tangible-Asset is ranked better than 97.68% of 2501
companies
in the Hardware industry
Industry Median: 2.44
vs TPE:2345: 22.65
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.
Accton Technology Return-on-Tangible-Asset Related Terms
Accton Technology Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Accton Technology'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:2345 vs CSCO, MSI, HPE: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Accton Technology'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.
Accton Technology Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Accton Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Accton Technology'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 21.79% mean?
Accton Technology (TPE:2345) has a Return-on-Tangible-Asset of 21.79% 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 Accton Technology and its competitors. This is 30% above median its historical median of 16.80. Over the past decade, Accton Technology's Return-on-Tangible-Asset has ranged from 11.69 to 23.11. According to the industry distribution chart, Accton Technology ranks #58 out of 2501 companies in the Hardware industry, placing it in the top 2.3%.
Is Accton Technology's Return-on-Tangible-Asset too high?
Accton Technology's current Return-on-Tangible-Asset of 21.79% is 30% above median its 10-year median of 16.80. Over the past 10 years, this metric has ranged from a low of 11.69 to a high of 23.11. The Hardware industry median Return-on-Tangible-Asset is 2.44. Accton Technology's value of 21.79% is 793% above this industry median. Based on the distribution chart, Accton Technology ranks #58 out of 2501 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Accton Technology has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Accton Technology's Return-on-Tangible-Asset compare to CSCO and MSI?
According to the Hardware industry distribution chart, Accton Technology ranks #58 out of 2501 companies for Return-on-Tangible-Asset. This places Accton Technology in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.44. Accton Technology's value of 21.79% is 793% above this benchmark. Historically, Accton Technology's own Return-on-Tangible-Asset has ranged from 11.69 to 23.11 over the past decade. While the company's 10-year median is 16.80 vs. the industry median of 2.44, Accton Technology 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 2.44, based on 2,501 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. Accton Technology's current Return-on-Tangible-Asset of 21.79% is 793% 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 Accton Technology and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accton Technology's current Return-on-Tangible-Asset is 21.79%, which is 30% above median its own 10-year median of 16.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accton Technology stock overvalued right now?
Based on GuruFocus' analysis, Accton Technology (TPE:2345) is currently considered Fairly Valued. The stock's GF Value™ is NT$1,856.93, compared to a current price of NT$2,040.00 — trading 9.9% above its estimated fair value. The current Return-on-Tangible-Asset is 21.79%, which is 30% above median its 10-year median of 16.80 and 793% above the Hardware industry median of 2.44. Accton Technology's overall GF Score™ is 88/100 with 2 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 Accton Technology (TPE:2345), the current Return-on-Tangible-Asset is 21.79% 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 Accton Technology (TPE:2345) Overvalued in 2026?
Based on GuruFocus' analysis, Accton Technology stock appears to be overvalued.
The current stock price of NT$2,040.00 is trading 9.9% above its estimated GF Value™ of NT$1,856.93.
GuruFocus considers Accton Technology to be Fairly Valued.
Key valuation signals for TPE:2345:
Return-on-Tangible-Asset: 21.79% (30% above median its 10-year median of 16.80)
GF Value™: NT$1,856.93 vs. price of NT$2,040.00 (9.9% above fair value)
Industry Position: 793% above the Hardware median (#58 of 2501)
No single metric tells the full story. See the TPE:2345 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Accton Technology Corp develops, manufactures, and sells high-quality products for computer network systems and wireless land area network (LAN) hardware and software products and renders related technical consulting and engineering design services. The products and services offered by the company are Switch, Network Application, Metro Access Switch, Other, and Wireless. The company generates the majority of its revenue from Network Application sales.
88GF Score
Get the complete analysis for TPE:2345
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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