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KYE SystemsTPE:2365 -4.11%72 Return-on-Tangible-Asset is 2.46% as of Dec. 2025, which is 26% above its 10-year median of 1.96. GuruFocus rates TPE:2365 with a GF Score™ of 72/100 and a GF Value™ of NT$35.37 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,501 Hardware companies, KYE Systems ranks worse than 53.1% 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. KYE Systems's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$85.9 Mil. KYE Systems's average total tangible assets for the quarter that ended in Dec. 2025 was NT$3,491.5 Mil. Therefore, KYE Systems's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.46%.
The historical rank and industry rank for KYE Systems's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2365'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.12 Med: 1.96 Max: 3.97
Current: 1.99
During the past 13 years, KYE Systems's highest Return-on-Tangible-Asset was 3.97%. The lowest was -5.12%. And the median was 1.96%.
TPE:2365's Return-on-Tangible-Asset is ranked worse than 53.1% of 2501
companies
in the Hardware industry
Industry Median: 2.44
vs TPE:2365: 1.99
KYE Systems (TPE:2365) 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.
KYE Systems Return-on-Tangible-Asset Related Terms
KYE Systems Return-on-Tangible-Asset Historical Data
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The historical data trend for KYE Systems'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:2365 vs DELL, ANET, SNDK: Return-on-Tangible-Asset Comparison
For the Computer Hardware subindustry, KYE Systems'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.
KYE Systems Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, KYE Systems's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where KYE Systems'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 2.46% mean?
KYE Systems (TPE:2365) has a Return-on-Tangible-Asset of 2.46% 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 KYE Systems and its competitors. This is 26% above median its historical median of 1.96. According to the industry distribution chart, KYE Systems ranks #1328 out of 2501 companies in the Hardware industry, placing it in the top 53.1%.
Is KYE Systems' Return-on-Tangible-Asset too high?
KYE Systems' current Return-on-Tangible-Asset of 2.46% is 26% above median its 10-year median of 1.96. The Hardware industry median Return-on-Tangible-Asset is 2.44. KYE Systems' value of 2.46% is 0.8% above this industry median. Based on the distribution chart, KYE Systems ranks #1328 out of 2501 companies in the Hardware industry, which is below the industry midpoint. Overall, KYE Systems has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does KYE Systems' Return-on-Tangible-Asset compare to DELL and ANET?
According to the Hardware industry distribution chart, KYE Systems ranks #1328 out of 2501 companies for Return-on-Tangible-Asset. This places KYE Systems in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.44. KYE Systems' value of 2.46% is 0.8% above this benchmark. While the company's 10-year median is 1.96 vs. the industry median of 2.44, KYE Systems 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. KYE Systems's current Return-on-Tangible-Asset of 2.46% is 0.8% 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 KYE Systems 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. KYE Systems's current Return-on-Tangible-Asset is 2.46%, which is 26% above median its own 10-year median of 1.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KYE Systems stock overvalued right now?
Based on GuruFocus' analysis, KYE Systems (TPE:2365) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$35.37, compared to a current price of NT$26.80 — trading 24.2% below its estimated fair value. The current Return-on-Tangible-Asset is 2.46%, which is 26% above median its 10-year median of 1.96 and 0.8% above the Hardware industry median of 2.44. KYE Systems' overall GF Score™ is 72/100 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 KYE Systems (TPE:2365), the current Return-on-Tangible-Asset is 2.46% 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 KYE Systems (TPE:2365) Overvalued in 2026?
Based on GuruFocus' analysis, KYE Systems stock appears to be undervalued.
The current stock price of NT$26.80 is trading 24.2% below its estimated GF Value™ of NT$35.37.
GuruFocus considers KYE Systems to be Modestly Undervalued.
Key valuation signals for TPE:2365:
Return-on-Tangible-Asset: 2.46% (26% above median its 10-year median of 1.96)
GF Value™: NT$35.37 vs. price of NT$26.80 (24.2% below fair value)
Industry Position: 0.8% above the Hardware median (#1328 of 2501)
No single metric tells the full story. See the TPE:2365 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KYE Systems Corp is a Taiwan-based company mainly engaged in the manufacturing, processing and trading of computer peripheral products such as computer mice, keyboards, video image products such as network and security cameras, and consumer electronic products such as headphone speakers and game console peripherals. The operating segments of the company are Electronic Products and Others. The majority of revenue is derived from the Electronic Products segment. Geographically, the company operates in Asia, America, Europe and Taiwan. The maximum revenue is generated from America.
72GF Score
Get the complete analysis for TPE:2365
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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