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Chenming Electronic TechnologyTPE:3013 -4.91%77 Return-on-Tangible-Asset is 11.37% as of Mar. 2026, which is 234% above its 10-year median of 3.40. GuruFocus rates TPE:3013 with a GF Score™ of 77/100 and a GF Value™ of NT$146.99 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,501 Hardware companies, Chenming Electronic Technology ranks better than 87.05% on this metric.
The historical rank and industry rank for Chenming Electronic Technology's Return-on-Tangible-Asset or its related term are showing as below:
TPE:3013'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.89 Med: 3.4 Max: 10.44
Current: 10.44
During the past 13 years, Chenming Electronic Technology's highest Return-on-Tangible-Asset was 10.44%. The lowest was -1.89%. And the median was 3.40%.
TPE:3013's Return-on-Tangible-Asset is ranked better than 87.05% of 2501
companies
in the Hardware industry
Industry Median: 2.44
vs TPE:3013: 10.44
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.
Chenming Electronic Technology Return-on-Tangible-Asset Related Terms
Chenming Electronic Technology 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.
TPE:3013 vs DELL, ANET, SNDK: Return-on-Tangible-Asset Comparison
For the Computer Hardware subindustry, Chenming Electronic Technology'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.
Chenming Electronic Technology Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Chenming Electronic Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chenming Electronic Technology'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 11.37% mean?
Chenming Electronic Technology (TPE:3013) has a Return-on-Tangible-Asset of 11.37% 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 Chenming Electronic Technology and its competitors. This is 234% above median its historical median of 3.40. According to the industry distribution chart, Chenming Electronic Technology ranks #324 out of 2501 companies in the Hardware industry, placing it in the top 13%.
Is Chenming Electronic Technology's Return-on-Tangible-Asset too high?
Chenming Electronic Technology's current Return-on-Tangible-Asset of 11.37% is 234% above median its 10-year median of 3.40. The Hardware industry median Return-on-Tangible-Asset is 2.44. Chenming Electronic Technology's value of 11.37% is 366% above this industry median. Based on the distribution chart, Chenming Electronic Technology ranks #324 out of 2501 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Chenming Electronic Technology has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chenming Electronic Technology's Return-on-Tangible-Asset compare to DELL and ANET?
According to the Hardware industry distribution chart, Chenming Electronic Technology ranks #324 out of 2501 companies for Return-on-Tangible-Asset. This places Chenming Electronic Technology in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.44. Chenming Electronic Technology's value of 11.37% is 366% above this benchmark. While the company's 10-year median is 3.40 vs. the industry median of 2.44, Chenming Electronic Technology 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.44, based on 2,501 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. Chenming Electronic Technology's current Return-on-Tangible-Asset of 11.37% is 366% 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 Chenming Electronic Technology and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chenming Electronic Technology's current Return-on-Tangible-Asset is 11.37%, which is 234% above median its own 10-year median of 3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chenming Electronic Technology stock overvalued right now?
Based on GuruFocus' analysis, Chenming Electronic Technology (TPE:3013) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$146.99, compared to a current price of NT$75.50 — trading 48.6% below its estimated fair value. The current Return-on-Tangible-Asset is 11.37%, which is 234% above median its 10-year median of 3.40 and 366% above the Hardware industry median of 2.44. Chenming Electronic Technology's overall GF Score™ is 77/100 with 1 warning sign 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 Chenming Electronic Technology (TPE:3013), the current Return-on-Tangible-Asset is 11.37% 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 Chenming Electronic Technology (TPE:3013) Overvalued in 2026?
Based on GuruFocus' analysis, Chenming Electronic Technology stock appears to be undervalued.
The current stock price of NT$75.50 is trading 48.6% below its estimated GF Value™ of NT$146.99.
GuruFocus considers Chenming Electronic Technology to be Significantly Undervalued.
Key valuation signals for TPE:3013:
Return-on-Tangible-Asset: 11.37% (234% above median its 10-year median of 3.40)
GF Value™: NT$146.99 vs. price of NT$75.50 (48.6% below fair value)
Industry Position: 366% above the Hardware median (#324 of 2501)
No single metric tells the full story. See the TPE:3013 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chenming Electronic Technology Business Description
Chenming Electronic Technology Corp is engaged in the manufacturing, research and development, and sale of server cases and computer cases. Geographically, it operates in China, Taiwan, the USA, and other countries. It generates the majority of its revenue from the USA, followed by Taiwan. The group has only one operating segment, which produces computer and mobile device components.
77GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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