Advantech Co (TPE:2395) Return-on-Tangible-Asset: 17.33% (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2395 Advantech Co Ltd TPE:2395
85 GF Score
Price NT$667.00
GF Value NT$469.57
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Advantech Co Return-on-Tangible-Asset?

Advantech Co TPE:2395 +5.21% 85 Return-on-Tangible-Asset is 17.33% as of Mar. 2026, which is 5% above its 10-year median of 16.53. GuruFocus rates TPE:2395 with a GF Score™ of 85/100 and a GF Value™ of NT$469.57 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,501 Hardware companies, Advantech Co ranks better than 94.32% 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. Advantech Co's annualized Net Income for the quarter that ended in Mar. 2026 was NT$13,337 Mil. Advantech Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$76,966 Mil. Therefore, Advantech Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 17.33%.

The historical rank and industry rank for Advantech Co's Return-on-Tangible-Asset or its related term are showing as below:

TPE:2395' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 13.32   Med: 16.53   Max: 18.12
Current: 15.35

During the past 13 years, Advantech Co's highest Return-on-Tangible-Asset was 18.12%. The lowest was 13.32%. And the median was 16.53%.

TPE:2395's Return-on-Tangible-Asset is ranked better than
94.32% of 2501 companies
in the Hardware industry
Industry Median: 2.48 vs TPE:2395: 15.35

Advantech Co  (TPE:2395) 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 company’s 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 company’s 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.


Advantech Co Return-on-Tangible-Asset Related Terms


Advantech Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Advantech Co'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.

Advantech Co Return-on-Tangible-Asset Chart

Advantech Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.14 18.12 16.69 13.32 14.93

Advantech Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.56 11.11 15.91 17.68 17.33

TPE:2395 vs DELL, ANET, SNDK: Return-on-Tangible-Asset Comparison

For the Computer Hardware subindustry, Advantech 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.


Advantech Co Return-on-Tangible-Asset vs Hardware Industry

For the Hardware industry and Technology sector, Advantech Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Advantech Co's Return-on-Tangible-Asset falls into.


TPE:2395
85GF Score
Advantech Co Ltd TPE:2395
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Advantech Co Return-on-Tangible-Asset Calculation

Advantech Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=10592.508/( (68928.209+72982.988)/ 2 )
=10592.508/70955.5985
=14.93 %

Advantech Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=13336.66/( (72982.988+80949.188)/ 2 )
=13336.66/76966.088
=17.33 %

* 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 17.33% mean?
Advantech Co (TPE:2395) has a Return-on-Tangible-Asset of 17.33% 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 Advantech Co and its competitors. This is near median its historical median of 16.53. Over the past decade, Advantech Co's Return-on-Tangible-Asset has ranged from 13.32 to 18.12. According to the industry distribution chart, Advantech Co ranks #142 out of 2501 companies in the Hardware industry, placing it in the top 5.7%.
Is Advantech Co's Return-on-Tangible-Asset too high?
Advantech Co's current Return-on-Tangible-Asset of 17.33% is near median its 10-year median of 16.53. Over the past 10 years, this metric has ranged from a low of 13.32 to a high of 18.12. The Hardware industry median Return-on-Tangible-Asset is 2.48. Advantech Co's value of 17.33% is 598.8% above this industry median. Based on the distribution chart, Advantech Co ranks #142 out of 2501 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Advantech Co has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advantech Co's Return-on-Tangible-Asset compare to DELL and ANET?
According to the Hardware industry distribution chart, Advantech Co ranks #142 out of 2501 companies for Return-on-Tangible-Asset. This places Advantech Co in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.48. Advantech Co's value of 17.33% is 598.8% above this benchmark. Historically, Advantech Co's own Return-on-Tangible-Asset has ranged from 13.32 to 18.12 over the past decade. While the company's 10-year median is 16.53 vs. the industry median of 2.48, Advantech 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 2.48, 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. Advantech Co's current Return-on-Tangible-Asset of 17.33% is 598.8% 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 Advantech Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advantech Co's current Return-on-Tangible-Asset is 17.33%, which is near median its own 10-year median of 16.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advantech Co stock overvalued right now?
Based on GuruFocus' analysis, Advantech Co (TPE:2395) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$469.57, compared to a current price of NT$667.00 — trading 42% above its estimated fair value. The current Return-on-Tangible-Asset is 17.33%, which is near median its 10-year median of 16.53 and 598.8% above the Hardware industry median of 2.48. Advantech Co's overall GF Score™ is 85/100 with 6 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 Advantech Co (TPE:2395), the current Return-on-Tangible-Asset is 17.33% 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 Advantech Co (TPE:2395) Overvalued in 2026?

Based on GuruFocus' analysis, Advantech Co stock appears to be overvalued. The current stock price of NT$667.00 is trading 42% above its estimated GF Value™ of NT$469.57. GuruFocus considers Advantech Co to be Significantly Overvalued.

Key valuation signals for TPE:2395:

  • Return-on-Tangible-Asset: 17.33% (near median its 10-year median of 16.53)
  • GF Value™: NT$469.57 vs. price of NT$667.00 (42% above fair value)
  • GF Score™: 85/100 with 6 warning signs
  • Industry Position: 598.8% above the Hardware median (#142 of 2501)

No single metric tells the full story. See the TPE:2395 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Advantech Co Business Description

Address No. 1, Alley 20, Lane 26, Rueiguang Road, Neihu District, Taipei, TWN, 114
Advantech is the world's largest supplier of industrial personal computers and a leading provider of embedded boards. The company serves a wide spectrum of downstream sectors, including manufacturing, retail, healthcare, transportation, and energy and environment. Headquartered in Taiwan, Advantech operates manufacturing facilities across Taiwan, mainland China, and Japan, with its US factory expected to start operating in 2026.
85GF Score

Get the complete analysis for TPE:2395

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$667.00
Price
NT$469.57
GF Value