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Micro-Star International CoTPE:2377 -1.09%82 Return-on-Tangible-Asset is 11.39% as of Mar. 2026, which is 14% above its 10-year median of 10.00. GuruFocus rates TPE:2377 with a GF Score™ of 82/100 and a GF Value™ of NT$206.24 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,500 Hardware companies, Micro-Star International Co ranks better than 66.44% 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. Micro-Star International Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$13,667 Mil. Micro-Star International Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$120,027 Mil. Therefore, Micro-Star International Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.39%.
The historical rank and industry rank for Micro-Star International Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2377'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.28 Med: 10 Max: 18.77
Current: 6.81
During the past 13 years, Micro-Star International Co's highest Return-on-Tangible-Asset was 18.77%. The lowest was 5.28%. And the median was 10.00%.
TPE:2377's Return-on-Tangible-Asset is ranked better than 66.44% of 2500
companies
in the Hardware industry
Industry Median: 2.455
vs TPE:2377: 6.81
Micro-Star International Co (TPE:2377) 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.
Micro-Star International Co Return-on-Tangible-Asset Related Terms
Micro-Star International Co 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.
Micro-Star International Co Return-on-Tangible-Asset Chart
TPE:2377 vs DELL, ANET, SNDK: Return-on-Tangible-Asset Comparison
For the Computer Hardware subindustry, Micro-Star International Co'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.
Micro-Star International Co Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Micro-Star International Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Micro-Star International Co'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 11.39% mean?
Micro-Star International Co (TPE:2377) has a Return-on-Tangible-Asset of 11.39% 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 Micro-Star International Co and its competitors. This is 14% above median its historical median of 10.00. Over the past decade, Micro-Star International Co's Return-on-Tangible-Asset has ranged from 5.28 to 18.77. According to the industry distribution chart, Micro-Star International Co ranks #839 out of 2500 companies in the Hardware industry, placing it in the top 33.6%.
Is Micro-Star International Co's Return-on-Tangible-Asset too high?
Micro-Star International Co's current Return-on-Tangible-Asset of 11.39% is 14% above median its 10-year median of 10.00. Over the past 10 years, this metric has ranged from a low of 5.28 to a high of 18.77. The Hardware industry median Return-on-Tangible-Asset is 2.46. Micro-Star International Co's value of 11.39% is 364% above this industry median. Based on the distribution chart, Micro-Star International Co ranks #839 out of 2500 companies in the Hardware industry, which is above the industry midpoint. Overall, Micro-Star International Co has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Micro-Star International Co's Return-on-Tangible-Asset compare to DELL and ANET?
According to the Hardware industry distribution chart, Micro-Star International Co ranks #839 out of 2500 companies for Return-on-Tangible-Asset. This puts Micro-Star International Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.46. Micro-Star International Co's value of 11.39% is 364% above this benchmark. Historically, Micro-Star International Co's own Return-on-Tangible-Asset has ranged from 5.28 to 18.77 over the past decade. While the company's 10-year median is 10.00 vs. the industry median of 2.46, Micro-Star International Co 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 2.46, 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. Micro-Star International Co's current Return-on-Tangible-Asset of 11.39% is 364% 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 Micro-Star International Co 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. Micro-Star International Co's current Return-on-Tangible-Asset is 11.39%, which is 14% above median its own 10-year median of 10.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micro-Star International Co stock overvalued right now?
Based on GuruFocus' analysis, Micro-Star International Co (TPE:2377) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$206.24, compared to a current price of NT$136.00 — trading 34.1% below its estimated fair value. The current Return-on-Tangible-Asset is 11.39%, which is 14% above median its 10-year median of 10.00 and 364% above the Hardware industry median of 2.46. Micro-Star International Co's overall GF Score™ is 82/100 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 Micro-Star International Co (TPE:2377), the current Return-on-Tangible-Asset is 11.39% 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 Micro-Star International Co (TPE:2377) Overvalued in 2026?
Based on GuruFocus' analysis, Micro-Star International Co stock appears to be undervalued.
The current stock price of NT$136.00 is trading 34.1% below its estimated GF Value™ of NT$206.24.
GuruFocus considers Micro-Star International Co to be Significantly Undervalued.
Key valuation signals for TPE:2377:
Return-on-Tangible-Asset: 11.39% (14% above median its 10-year median of 10.00)
GF Value™: NT$206.24 vs. price of NT$136.00 (34.1% below fair value)
Industry Position: 364% above the Hardware median (#839 of 2500)
No single metric tells the full story. See the TPE:2377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Micro-Star International Co Ltd is a manufacturer and distributor of computer hardware products, particularly gaming laptops and hardware. The company has single reportable segment which is Computer and IT segment. Its other products include laptops, motherboards, graphics cards, all-in-one PCs, mobile workstations, barebone computers, servers, multimedia peripherals to vehicle infotainment solutions, smart cleaning robots, and Wi-Fi cameras. Geographically, it generates revenue from Asia, Europe, America and others.
82GF Score
Get the complete analysis for TPE:2377
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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