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U-Ming Marine TransportTPE:2606 -0.60%90 Return-on-Tangible-Asset is 4.46% as of Mar. 2026, which is 41% above its 10-year median of 3.17. GuruFocus rates TPE:2606 with a GF Score™ of 90/100 and a GF Value™ of NT$58.48 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,011 Transportation companies, U-Ming Marine Transport ranks better than 62.02% 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. U-Ming Marine Transport's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$3,951 Mil. U-Ming Marine Transport's average total tangible assets for the quarter that ended in Mar. 2026 was NT$88,497 Mil. Therefore, U-Ming Marine Transport's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.46%.
The historical rank and industry rank for U-Ming Marine Transport's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2606'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.44 Med: 3.17 Max: 7.97
Current: 5.13
During the past 13 years, U-Ming Marine Transport's highest Return-on-Tangible-Asset was 7.97%. The lowest was -1.44%. And the median was 3.17%.
TPE:2606's Return-on-Tangible-Asset is ranked better than 62.02% of 1011
companies
in the Transportation industry
Industry Median: 3.75
vs TPE:2606: 5.13
U-Ming Marine Transport (TPE:2606) 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.
U-Ming Marine Transport Return-on-Tangible-Asset Related Terms
U-Ming Marine Transport Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for U-Ming Marine Transport'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.
U-Ming Marine Transport Return-on-Tangible-Asset Chart
U-Ming Marine Transport Return-on-Tangible-Asset Competitor Comparison
For the Marine Shipping subindustry, U-Ming Marine Transport'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.
U-Ming Marine Transport Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, U-Ming Marine Transport's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where U-Ming Marine Transport'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 4.46% mean?
U-Ming Marine Transport (TPE:2606) has a Return-on-Tangible-Asset of 4.46% 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 U-Ming Marine Transport and its competitors. This is 41% above median its historical median of 3.17. According to the industry distribution chart, U-Ming Marine Transport ranks #384 out of 1011 companies in the Transportation industry, placing it in the top 38%.
Is U-Ming Marine Transport's Return-on-Tangible-Asset too high?
U-Ming Marine Transport's current Return-on-Tangible-Asset of 4.46% is 41% above median its 10-year median of 3.17. The Transportation industry median Return-on-Tangible-Asset is 3.75. U-Ming Marine Transport's value of 4.46% is 18.9% above this industry median. Based on the distribution chart, U-Ming Marine Transport ranks #384 out of 1011 companies in the Transportation industry, which is above the industry midpoint. Overall, U-Ming Marine Transport has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does U-Ming Marine Transport's Return-on-Tangible-Asset compare to competitors?
According to the Transportation industry distribution chart, U-Ming Marine Transport ranks #384 out of 1011 companies for Return-on-Tangible-Asset. This puts U-Ming Marine Transport in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.75. U-Ming Marine Transport's value of 4.46% is 18.9% above this benchmark. While the company's 10-year median is 3.17 vs. the industry median of 3.75, U-Ming Marine Transport 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.75, based on 1,011 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. U-Ming Marine Transport's current Return-on-Tangible-Asset of 4.46% is 18.9% 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 U-Ming Marine Transport and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. U-Ming Marine Transport's current Return-on-Tangible-Asset is 4.46%, which is 41% above median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is U-Ming Marine Transport stock overvalued right now?
Based on GuruFocus' analysis, U-Ming Marine Transport (TPE:2606) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$58.48, compared to a current price of NT$66.40 — trading 13.5% above its estimated fair value. The current Return-on-Tangible-Asset is 4.46%, which is 41% above median its 10-year median of 3.17 and 18.9% above the Transportation industry median of 3.75. U-Ming Marine Transport's overall GF Score™ is 90/100 with 9 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 U-Ming Marine Transport (TPE:2606), the current Return-on-Tangible-Asset is 4.46% 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 U-Ming Marine Transport (TPE:2606) Overvalued in 2026?
Based on GuruFocus' analysis, U-Ming Marine Transport stock appears to be overvalued.
The current stock price of NT$66.40 is trading 13.5% above its estimated GF Value™ of NT$58.48.
GuruFocus considers U-Ming Marine Transport to be Modestly Overvalued.
Key valuation signals for TPE:2606:
Return-on-Tangible-Asset: 4.46% (41% above median its 10-year median of 3.17)
GF Value™: NT$58.48 vs. price of NT$66.40 (13.5% above fair value)
Industry Position: 18.9% above the Transportation median (#384 of 1011)
No single metric tells the full story. See the TPE:2606 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
U-Ming Marine Transport Corp is a transportation and logistics company, domiciled in Taiwan. The company organizes itself into two segments: marine transportation and investment. The marine transportation segment, which contributes the vast majority of revenue, owns and operates a fleet of vessels to transport dry bulk cargo, including cement, oil, coal, iron ore, steel, grain, and other commodities.
90GF Score
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