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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.
Emerging Display Technologies Return-on-Tangible-Asset Related Terms
Emerging Display Technologies 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:3038 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Emerging Display Technologies'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.
Emerging Display Technologies Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Emerging Display Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Emerging Display Technologies'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 5.52% mean?
Emerging Display Technologies (TPE:3038) has a Return-on-Tangible-Asset of 5.52% 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 Emerging Display Technologies and its competitors. This is 15% below median its historical median of 6.53. Over the past decade, Emerging Display Technologies' Return-on-Tangible-Asset has ranged from 1.56 to 10.68. According to the industry distribution chart, Emerging Display Technologies ranks #1054 out of 2500 companies in the Hardware industry, placing it in the top 42.2%.
Is Emerging Display Technologies' Return-on-Tangible-Asset too high?
Emerging Display Technologies' current Return-on-Tangible-Asset of 5.52% is 15% below median its 10-year median of 6.53. Over the past 10 years, this metric has ranged from a low of 1.56 to a high of 10.68. The Hardware industry median Return-on-Tangible-Asset is 2.47. Emerging Display Technologies' value of 5.52% is 123.9% above this industry median. Based on the distribution chart, Emerging Display Technologies ranks #1054 out of 2500 companies in the Hardware industry, which is above the industry midpoint. Overall, Emerging Display Technologies has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Emerging Display Technologies' Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Emerging Display Technologies ranks #1054 out of 2500 companies for Return-on-Tangible-Asset. This puts Emerging Display Technologies in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.47. Emerging Display Technologies' value of 5.52% is 123.9% above this benchmark. Historically, Emerging Display Technologies' own Return-on-Tangible-Asset has ranged from 1.56 to 10.68 over the past decade. While the company's 10-year median is 6.53 vs. the industry median of 2.47, Emerging Display Technologies 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 2.47, based on 2,500 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. Emerging Display Technologies's current Return-on-Tangible-Asset of 5.52% is 123.9% 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 Emerging Display Technologies and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emerging Display Technologies's current Return-on-Tangible-Asset is 5.52%, which is 15% below median its own 10-year median of 6.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerging Display Technologies stock overvalued right now?
Based on GuruFocus' analysis, Emerging Display Technologies (TPE:3038) is currently considered Fairly Valued. The stock's GF Value™ is NT$19.73, compared to a current price of NT$20.80 — trading 5.4% above its estimated fair value. The current Return-on-Tangible-Asset is 5.52%, which is 15% below median its 10-year median of 6.53 and 123.9% above the Hardware industry median of 2.47. Emerging Display Technologies' overall GF Score™ is 77/100 with 4 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 Emerging Display Technologies (TPE:3038), the current Return-on-Tangible-Asset is 5.52% 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 Emerging Display Technologies (TPE:3038) Overvalued in 2026?
Based on GuruFocus' analysis, Emerging Display Technologies stock appears to be overvalued.
The current stock price of NT$20.80 is trading 5.4% above its estimated GF Value™ of NT$19.73.
GuruFocus considers Emerging Display Technologies to be Fairly Valued.
Key valuation signals for TPE:3038:
Return-on-Tangible-Asset: 5.52% (15% below median its 10-year median of 6.53)
GF Value™: NT$19.73 vs. price of NT$20.80 (5.4% above fair value)
Industry Position: 123.9% above the Hardware median (#1054 of 2500)
No single metric tells the full story. See the TPE:3038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emerging Display Technologies Corp is engaged in manufacturing and selling Capacity Touch Panels and Liquid Crystal Displays (LCDs). Its operating segments include the Domestic segment, the North America segment, and the Mainland China segment. The Domestic segment engages in designing, manufacturing, and selling liquid crystal display modules and capacitive touch panels. The North America segment mainly expands the North American trading business and deals with the sale of liquid crystal displays provided by the domestic segment. The Mainland China segment engages in the manufacture of processing raw materials and supplies provided by the domestic segment. Geographically, the company derives key revenue from Europe and the rest from America, and other regions.
77GF Score
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