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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. HUNG SHENG Construction Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$-46 Mil. HUNG SHENG Construction Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$31,628 Mil. Therefore, HUNG SHENG Construction Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.14%.
The historical rank and industry rank for HUNG SHENG Construction Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2534'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.92 Med: 3.05 Max: 9.51
Current: 1.54
During the past 13 years, HUNG SHENG Construction Co's highest Return-on-Tangible-Asset was 9.51%. The lowest was 0.92%. And the median was 3.05%.
TPE:2534's Return-on-Tangible-Asset is ranked worse than 51.61% of 1800
companies
in the Real Estate industry
Industry Median: 1.75
vs TPE:2534: 1.54
HUNG SHENG Construction Co (TPE:2534) 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.
HUNG SHENG Construction Co Return-on-Tangible-Asset Related Terms
HUNG SHENG Construction 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.
HUNG SHENG Construction Co Return-on-Tangible-Asset Chart
HUNG SHENG Construction Co Return-on-Tangible-Asset Competitor Comparison
For the Real Estate - Development subindustry, HUNG SHENG Construction 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.
HUNG SHENG Construction Co Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, HUNG SHENG Construction Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where HUNG SHENG Construction 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 -0.14% mean?
HUNG SHENG Construction Co (TPE:2534) has a Return-on-Tangible-Asset of -0.14% 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 HUNG SHENG Construction Co and its competitors. Over the past decade, HUNG SHENG Construction Co's Return-on-Tangible-Asset has ranged from 0.92 to 9.51. According to the industry distribution chart, HUNG SHENG Construction Co ranks #929 out of 1800 companies in the Real Estate industry, placing it in the top 51.6%.
Is HUNG SHENG Construction Co's Return-on-Tangible-Asset too high?
HUNG SHENG Construction Co's current Return-on-Tangible-Asset is -0.14%. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 9.51. Based on the distribution chart, HUNG SHENG Construction Co ranks #929 out of 1800 companies in the Real Estate industry, which is below the industry midpoint. Overall, HUNG SHENG Construction Co has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HUNG SHENG Construction Co's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, HUNG SHENG Construction Co ranks #929 out of 1800 companies for Return-on-Tangible-Asset. This places HUNG SHENG Construction Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.75. Historically, HUNG SHENG Construction Co's own Return-on-Tangible-Asset has ranged from 0.92 to 9.51 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.75, based on 1,800 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 HUNG SHENG Construction Co and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HUNG SHENG Construction Co's current Return-on-Tangible-Asset is -0.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HUNG SHENG Construction Co stock overvalued right now?
Based on GuruFocus' analysis, HUNG SHENG Construction Co (TPE:2534) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$14.87, compared to a current price of NT$17.10 — trading 15% above its estimated fair value. The current Return-on-Tangible-Asset is -0.14%. HUNG SHENG Construction Co's overall GF Score™ is 68/100 with 10 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 HUNG SHENG Construction Co (TPE:2534), the current Return-on-Tangible-Asset is -0.14% 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 HUNG SHENG Construction Co (TPE:2534) Overvalued in 2026?
Based on GuruFocus' analysis, HUNG SHENG Construction Co stock appears to be overvalued.
The current stock price of NT$17.10 is trading 15% above its estimated GF Value™ of NT$14.87.
GuruFocus considers HUNG SHENG Construction Co to be Modestly Overvalued.
Key valuation signals for TPE:2534:
Return-on-Tangible-Asset: -0.14%
GF Value™: NT$14.87 vs. price of NT$17.10 (15% above fair value)
No single metric tells the full story. See the TPE:2534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HUNG SHENG Construction Co Ltd engages in the commission of contractors to build public housing for sale and rental. The reportable segments of the consolidated company are as follows: Sale of real estate - Sales of residences and commercial buildings. Construction - Building of residences and commercial buildings. and Lease - Lease of investment property.
68GF Score
Get the complete analysis for TPE:2534
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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