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Novatek MicroelectronicsTPE:3034 -2.77%92 Return-on-Tangible-Asset is 15.85% as of Dec. 2025, which is 16% below its 10-year median of 18.94. GuruFocus rates TPE:3034 with a GF Score™ of 92/100 and a GF Value™ of NT$491.36 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,028 Semiconductors companies, Novatek Microelectronics ranks better than 90.27% 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. Novatek Microelectronics's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$14,759 Mil. Novatek Microelectronics's average total tangible assets for the quarter that ended in Dec. 2025 was NT$93,115 Mil. Therefore, Novatek Microelectronics's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 15.85%.
The historical rank and industry rank for Novatek Microelectronics's Return-on-Tangible-Asset or its related term are showing as below:
TPE:3034'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 12.8 Med: 18.94 Max: 44.76
Current: 16.46
During the past 13 years, Novatek Microelectronics's highest Return-on-Tangible-Asset was 44.76%. The lowest was 12.80%. And the median was 18.94%.
TPE:3034's Return-on-Tangible-Asset is ranked better than 90.27% of 1028
companies
in the Semiconductors industry
Industry Median: 2.72
vs TPE:3034: 16.46
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.
Novatek Microelectronics Return-on-Tangible-Asset Related Terms
Novatek Microelectronics Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Novatek Microelectronics'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.
TPE:3034 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Novatek Microelectronics'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.
Novatek Microelectronics Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Novatek Microelectronics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Novatek Microelectronics'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 15.85% mean?
Novatek Microelectronics (TPE:3034) has a Return-on-Tangible-Asset of 15.85% 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 Novatek Microelectronics and its competitors. This is 16% below median its historical median of 18.94. Over the past decade, Novatek Microelectronics' Return-on-Tangible-Asset has ranged from 12.80 to 44.76. According to the industry distribution chart, Novatek Microelectronics ranks #100 out of 1028 companies in the Semiconductors industry, placing it in the top 9.7%.
Is Novatek Microelectronics' Return-on-Tangible-Asset too high?
Novatek Microelectronics' current Return-on-Tangible-Asset of 15.85% is 16% below median its 10-year median of 18.94. Over the past 10 years, this metric has ranged from a low of 12.80 to a high of 44.76. The Semiconductors industry median Return-on-Tangible-Asset is 2.72. Novatek Microelectronics' value of 15.85% is 482.7% above this industry median. Based on the distribution chart, Novatek Microelectronics ranks #100 out of 1028 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Novatek Microelectronics has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Novatek Microelectronics' Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Novatek Microelectronics ranks #100 out of 1028 companies for Return-on-Tangible-Asset. This places Novatek Microelectronics in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.72. Novatek Microelectronics' value of 15.85% is 482.7% above this benchmark. Historically, Novatek Microelectronics' own Return-on-Tangible-Asset has ranged from 12.80 to 44.76 over the past decade. While the company's 10-year median is 18.94 vs. the industry median of 2.72, Novatek Microelectronics 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.72, based on 1,028 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. Novatek Microelectronics's current Return-on-Tangible-Asset of 15.85% is 482.7% 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 Novatek Microelectronics and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novatek Microelectronics's current Return-on-Tangible-Asset is 15.85%, which is 16% below median its own 10-year median of 18.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novatek Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, Novatek Microelectronics (TPE:3034) is currently considered Fairly Valued. The stock's GF Value™ is NT$491.36, compared to a current price of NT$491.00 — trading 0.1% below its estimated fair value. The current Return-on-Tangible-Asset is 15.85%, which is 16% below median its 10-year median of 18.94 and 482.7% above the Semiconductors industry median of 2.72. Novatek Microelectronics' overall GF Score™ is 92/100 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 Novatek Microelectronics (TPE:3034), the current Return-on-Tangible-Asset is 15.85% 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 Novatek Microelectronics (TPE:3034) Overvalued in 2026?
Based on GuruFocus' analysis, Novatek Microelectronics stock appears to be undervalued.
The current stock price of NT$491.00 is trading 0.1% below its estimated GF Value™ of NT$491.36.
GuruFocus considers Novatek Microelectronics to be Fairly Valued.
Key valuation signals for TPE:3034:
Return-on-Tangible-Asset: 15.85% (16% below median its 10-year median of 18.94)
GF Value™: NT$491.36 vs. price of NT$491.00 (0.1% below fair value)
Industry Position: 482.7% above the Semiconductors median (#100 of 1028)
No single metric tells the full story. See the TPE:3034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novatek Microelectronics Corp is mainly engaged in researching, developing, manufacturing and sales of integrated circuit chips speech, communication, computer peripheral, LCD driver IC system, embedded MCU, DSP and system. Its products include Large-sized driver IC, Medium-sized driver IC, and Small-sized driver IC. The revenue of the company comes from flat panel display and integrated circuit design products.
92GF Score
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