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President SecuritiesTPE:2855 -3.32%76 Return-on-Tangible-Asset is 3.68% as of Dec. 2025, which is 45% above its 10-year median of 2.54. GuruFocus rates TPE:2855 with a GF Score™ of 76/100 and a GF Value™ of NT$26.22 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 816 Capital Markets companies, President Securities ranks better than 57.97% 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. President Securities's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$8,550 Mil. President Securities's average total tangible assets for the quarter that ended in Dec. 2025 was NT$232,155 Mil. Therefore, President Securities's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.68%.
The historical rank and industry rank for President Securities's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2855'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.69 Med: 2.54 Max: 3.47
Current: 2.25
During the past 13 years, President Securities's highest Return-on-Tangible-Asset was 3.47%. The lowest was 0.69%. And the median was 2.54%.
TPE:2855's Return-on-Tangible-Asset is ranked better than 57.97% of 816
companies
in the Capital Markets industry
Industry Median: 1.545
vs TPE:2855: 2.25
President Securities (TPE:2855) 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.
President Securities Return-on-Tangible-Asset Related Terms
President Securities Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for President Securities'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.
President Securities Return-on-Tangible-Asset Chart
TPE:2855 vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, President Securities'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.
President Securities Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, President Securities's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where President Securities'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 3.68% mean?
President Securities (TPE:2855) has a Return-on-Tangible-Asset of 3.68% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on President Securities and its competitors. This is 45% above median its historical median of 2.54. Over the past decade, President Securities' Return-on-Tangible-Asset has ranged from 0.69 to 3.47. According to the industry distribution chart, President Securities ranks #343 out of 816 companies in the Capital Markets industry, placing it in the top 42%.
Is President Securities' Return-on-Tangible-Asset too high?
President Securities' current Return-on-Tangible-Asset of 3.68% is 45% above median its 10-year median of 2.54. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 3.47. The Capital Markets industry median Return-on-Tangible-Asset is 1.55. President Securities' value of 3.68% is 138.2% above this industry median. Based on the distribution chart, President Securities ranks #343 out of 816 companies in the Capital Markets industry, which is above the industry midpoint. Overall, President Securities has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does President Securities' Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, President Securities ranks #343 out of 816 companies for Return-on-Tangible-Asset. This puts President Securities in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.55. President Securities' value of 3.68% is 138.2% above this benchmark. Historically, President Securities' own Return-on-Tangible-Asset has ranged from 0.69 to 3.47 over the past decade. While the company's 10-year median is 2.54 vs. the industry median of 1.55, President Securities 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.55, based on 816 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. President Securities's current Return-on-Tangible-Asset of 3.68% is 138.2% 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 President Securities and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. President Securities's current Return-on-Tangible-Asset is 3.68%, which is 45% above median its own 10-year median of 2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is President Securities stock overvalued right now?
Based on GuruFocus' analysis, President Securities (TPE:2855) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$26.22, compared to a current price of NT$40.80 — trading 55.6% above its estimated fair value. The current Return-on-Tangible-Asset is 3.68%, which is 45% above median its 10-year median of 2.54 and 138.2% above the Capital Markets industry median of 1.55. President Securities' overall GF Score™ is 76/100 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 President Securities (TPE:2855), the current Return-on-Tangible-Asset is 3.68% as of Dec. 2025. 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 President Securities (TPE:2855) Overvalued in 2026?
Based on GuruFocus' analysis, President Securities stock appears to be overvalued.
The current stock price of NT$40.80 is trading 55.6% above its estimated GF Value™ of NT$26.22.
GuruFocus considers President Securities to be Significantly Overvalued.
Key valuation signals for TPE:2855:
Return-on-Tangible-Asset: 3.68% (45% above median its 10-year median of 2.54)
GF Value™: NT$26.22 vs. price of NT$40.80 (55.6% above fair value)
Industry Position: 138.2% above the Capital Markets median (#343 of 816)
No single metric tells the full story. See the TPE:2855 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
President Securities Corp engaged in underwriting of securities, dealing or brokerage business of securities at the securities exchange markets and business premises, registration and transfer agency service for securities, margin loans and short sales business of securities, securities lending and borrowing business, futures introducing brokerage services, futures dealing, issuance of call (put) warrants, wealth management business, and trust business. Its operating segments include Brokerage, Proprietary Trading, Financial Instrument, and Reinvestment segments, with the Brokerage segment generating maximum revenue from consigned trading of the listed securities, margin trading, and short sale, assistance in futures trading, and other instruments trading, as approved by the regulations.
76GF Score
Get the complete analysis for TPE:2855
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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