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Kedge Construction CoTPE:2546 94 Return-on-Tangible-Asset is 23.40% as of Jun. 2026, which is 237% above its 10-year median of 6.95. GuruFocus rates TPE:2546 with a GF Score™ of 94/100 and a GF Value™ of NT$103.80 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,788 Construction companies, Kedge Construction Co ranks better than 90.49% 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. Kedge Construction Co's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$3,894 Mil. Kedge Construction Co's average total tangible assets for the quarter that ended in Jun. 2026 was NT$16,639 Mil. Therefore, Kedge Construction Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 23.40%.
The historical rank and industry rank for Kedge Construction Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2546'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.93 Med: 6.95 Max: 12.73
Current: 12.73
During the past 13 years, Kedge Construction Co's highest Return-on-Tangible-Asset was 12.73%. The lowest was 3.93%. And the median was 6.95%.
TPE:2546's Return-on-Tangible-Asset is ranked better than 90.49% of 1788
companies
in the Construction industry
Industry Median: 3.06
vs TPE:2546: 12.73
Kedge Construction Co (TPE:2546) 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.
Kedge Construction Co Return-on-Tangible-Asset Related Terms
Kedge Construction Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kedge Construction 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.
Kedge Construction Co Return-on-Tangible-Asset Chart
TPE:2546 vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Kedge 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.
Kedge Construction Co Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Kedge Construction Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kedge 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 23.40% mean?
Kedge Construction Co (TPE:2546) has a Return-on-Tangible-Asset of 23.40% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Kedge Construction Co and its competitors. This is 237% above median its historical median of 6.95. Over the past decade, Kedge Construction Co's Return-on-Tangible-Asset has ranged from 3.93 to 12.73. According to the industry distribution chart, Kedge Construction Co ranks #170 out of 1788 companies in the Construction industry, placing it in the top 9.5%.
Is Kedge Construction Co's Return-on-Tangible-Asset too high?
Kedge Construction Co's current Return-on-Tangible-Asset of 23.40% is 237% above median its 10-year median of 6.95. Over the past 10 years, this metric has ranged from a low of 3.93 to a high of 12.73. The Construction industry median Return-on-Tangible-Asset is 3.06. Kedge Construction Co's value of 23.40% is 664.7% above this industry median. Based on the distribution chart, Kedge Construction Co ranks #170 out of 1788 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Kedge Construction Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kedge Construction Co's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Kedge Construction Co ranks #170 out of 1788 companies for Return-on-Tangible-Asset. This places Kedge Construction Co in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.06. Kedge Construction Co's value of 23.40% is 664.7% above this benchmark. Historically, Kedge Construction Co's own Return-on-Tangible-Asset has ranged from 3.93 to 12.73 over the past decade. While the company's 10-year median is 6.95 vs. the industry median of 3.06, Kedge Construction 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,788 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. Kedge Construction Co's current Return-on-Tangible-Asset of 23.40% is 664.7% 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 Kedge Construction Co and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kedge Construction Co's current Return-on-Tangible-Asset is 23.40%, which is 237% above median its own 10-year median of 6.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kedge Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Kedge Construction Co (TPE:2546) is currently considered Fairly Valued. The stock's GF Value™ is NT$103.80, compared to a current price of NT$106.50 — trading 2.6% above its estimated fair value. The current Return-on-Tangible-Asset is 23.40%, which is 237% above median its 10-year median of 6.95 and 664.7% above the Construction industry median of 3.06. Kedge Construction Co's overall GF Score™ is 94/100 with 4 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 Kedge Construction Co (TPE:2546), the current Return-on-Tangible-Asset is 23.40% as of Jun. 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 Kedge Construction Co (TPE:2546) Overvalued in 2026?
Based on GuruFocus' analysis, Kedge Construction Co stock appears to be overvalued.
The current stock price of NT$106.50 is trading 2.6% above its estimated GF Value™ of NT$103.80.
GuruFocus considers Kedge Construction Co to be Fairly Valued.
Key valuation signals for TPE:2546:
Return-on-Tangible-Asset: 23.40% (237% above median its 10-year median of 6.95)
GF Value™: NT$103.80 vs. price of NT$106.50 (2.6% above fair value)
Industry Position: 664.7% above the Construction median (#170 of 1788)
No single metric tells the full story. See the TPE:2546 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kedge Construction Co Ltd operates in the contracting business of residential property and public construction. The projects of the company are in areas of Collective Housing, Department Store, Institutional School, Technology Factory Office, Biotech Medical, and Civil Engineering. The company's reportable operating segment only is the construction segment.
94GF Score
Get the complete analysis for TPE:2546
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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