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Aerospace Industrial DevelopmentTPE:2634 +5.63%80 Return-on-Tangible-Asset is 1.99% as of Mar. 2026, which is 57% below its 10-year median of 4.60. GuruFocus rates TPE:2634 with a GF Score™ of 80/100 and a GF Value™ of NT$49.00 (Modestly Overvalued). The stock has 14 warning signs investors should review. Among 361 Aerospace & Defense companies, Aerospace Industrial Development ranks worse than 57.06% on this metric.
The historical rank and industry rank for Aerospace Industrial Development's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2634'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.9 Med: 4.6 Max: 7.11
Current: 1.44
During the past 13 years, Aerospace Industrial Development's highest Return-on-Tangible-Asset was 7.11%. The lowest was 0.90%. And the median was 4.60%.
TPE:2634's Return-on-Tangible-Asset is ranked worse than 57.06% of 361
companies
in the Aerospace & Defense industry
Industry Median: 3.05
vs TPE:2634: 1.44
Aerospace Industrial Development (TPE:2634) 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.
Aerospace Industrial Development Return-on-Tangible-Asset Related Terms
Aerospace Industrial Development 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.
Aerospace Industrial Development Return-on-Tangible-Asset Chart
TPE:2634 vs SPCX, GE, RTX: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Aerospace Industrial Development'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.
Aerospace Industrial Development Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Aerospace Industrial Development's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aerospace Industrial Development'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 1.99% mean?
Aerospace Industrial Development (TPE:2634) has a Return-on-Tangible-Asset of 1.99% 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 Aerospace Industrial Development and its competitors. This is 57% below median its historical median of 4.60. Over the past decade, Aerospace Industrial Development's Return-on-Tangible-Asset has ranged from 0.90 to 7.11. According to the industry distribution chart, Aerospace Industrial Development ranks #206 out of 361 companies in the Aerospace & Defense industry, placing it in the top 57.1%.
Is Aerospace Industrial Development's Return-on-Tangible-Asset too high?
Aerospace Industrial Development's current Return-on-Tangible-Asset of 1.99% is 57% below median its 10-year median of 4.60. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 7.11. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.05. Aerospace Industrial Development's value of 1.99% is 34.8% below this industry median. Based on the distribution chart, Aerospace Industrial Development ranks #206 out of 361 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Aerospace Industrial Development has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aerospace Industrial Development's Return-on-Tangible-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Aerospace Industrial Development ranks #206 out of 361 companies for Return-on-Tangible-Asset. This places Aerospace Industrial Development in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.05. Aerospace Industrial Development's value of 1.99% is 34.8% below this benchmark. Historically, Aerospace Industrial Development's own Return-on-Tangible-Asset has ranged from 0.90 to 7.11 over the past decade. While the company's 10-year median is 4.60 vs. the industry median of 3.05, Aerospace Industrial Development has consistently been below 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 an Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.05, based on 361 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. Aerospace Industrial Development's current Return-on-Tangible-Asset of 1.99% is 34.8% below 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 Aerospace Industrial Development and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aerospace Industrial Development's current Return-on-Tangible-Asset is 1.99%, which is 57% below median its own 10-year median of 4.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aerospace Industrial Development stock overvalued right now?
Based on GuruFocus' analysis, Aerospace Industrial Development (TPE:2634) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$49.00, compared to a current price of NT$61.90 — trading 26.3% above its estimated fair value. The current Return-on-Tangible-Asset is 1.99%, which is 57% below median its 10-year median of 4.60 and 34.8% below the Aerospace & Defense industry median of 3.05. Aerospace Industrial Development's overall GF Score™ is 80/100 with 14 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 Aerospace Industrial Development (TPE:2634), the current Return-on-Tangible-Asset is 1.99% 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 Aerospace Industrial Development (TPE:2634) Overvalued in 2026?
Based on GuruFocus' analysis, Aerospace Industrial Development stock appears to be overvalued.
The current stock price of NT$61.90 is trading 26.3% above its estimated GF Value™ of NT$49.00.
GuruFocus considers Aerospace Industrial Development to be Modestly Overvalued.
Key valuation signals for TPE:2634:
Return-on-Tangible-Asset: 1.99% (57% below median its 10-year median of 4.60)
GF Value™: NT$49.00 vs. price of NT$61.90 (26.3% above fair value)
Industry Position: 34.8% below the Aerospace & Defense median (#206 of 361)
No single metric tells the full story. See the TPE:2634 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aerospace Industrial Development Corp is involved in the manufacturing and development of aerospace and defense products. The company's main business categories are as follows: design, manufacture, assembly, testing and maintenance of aircraft, engines, avionics, and related components; consulting services and technology transfers of aerospace technology, logistical support and engineering technology management of large-scale projects; engineering and development of software and sales of aerospace products. Geographically, the company operates in Asia, Europe and American regions.
80GF Score
Get the complete analysis for TPE:2634
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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