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Alpha NetworksTPE:3380 -2.61%67 Return-on-Tangible-Asset is 0.93% as of Mar. 2026, which is 54% below its 10-year median of 2.02. GuruFocus rates TPE:3380 with a GF Score™ of 67/100 and a GF Value™ of NT$32.43 (Fairly Valued). The stock has 7 warning signs investors should review. Among 2,501 Hardware companies, Alpha Networks ranks worse than 65.97% 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. Alpha Networks's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$213 Mil. Alpha Networks's average total tangible assets for the quarter that ended in Mar. 2026 was NT$22,969 Mil. Therefore, Alpha Networks's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.93%.
The historical rank and industry rank for Alpha Networks's Return-on-Tangible-Asset or its related term are showing as below:
TPE:3380'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.88 Med: 2.02 Max: 4.32
Current: -0.16
During the past 13 years, Alpha Networks's highest Return-on-Tangible-Asset was 4.32%. The lowest was -0.88%. And the median was 2.02%.
TPE:3380's Return-on-Tangible-Asset is ranked worse than 65.97% of 2501
companies
in the Hardware industry
Industry Median: 2.44
vs TPE:3380: -0.16
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.
Alpha Networks Return-on-Tangible-Asset Related Terms
Alpha Networks Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Alpha Networks'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:3380 vs CSCO, MSI, HPE: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Alpha Networks'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.
Alpha Networks Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Alpha Networks's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Alpha Networks'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 0.93% mean?
Alpha Networks (TPE:3380) has a Return-on-Tangible-Asset of 0.93% 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 Alpha Networks and its competitors. This is 54% below median its historical median of 2.02. According to the industry distribution chart, Alpha Networks ranks #1650 out of 2501 companies in the Hardware industry, placing it in the top 66%.
Is Alpha Networks' Return-on-Tangible-Asset too high?
Alpha Networks' current Return-on-Tangible-Asset of 0.93% is 54% below median its 10-year median of 2.02. The Hardware industry median Return-on-Tangible-Asset is 2.44. Alpha Networks' value of 0.93% is 61.9% below this industry median. Based on the distribution chart, Alpha Networks ranks #1650 out of 2501 companies in the Hardware industry, which is below the industry midpoint. Overall, Alpha Networks has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alpha Networks' Return-on-Tangible-Asset compare to CSCO and MSI?
According to the Hardware industry distribution chart, Alpha Networks ranks #1650 out of 2501 companies for Return-on-Tangible-Asset. This places Alpha Networks in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.44. Alpha Networks' value of 0.93% is 61.9% below this benchmark. While the company's 10-year median is 2.02 vs. the industry median of 2.44, Alpha Networks 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 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. Alpha Networks's current Return-on-Tangible-Asset of 0.93% is 61.9% 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 Alpha Networks 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. Alpha Networks's current Return-on-Tangible-Asset is 0.93%, which is 54% below median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Networks stock overvalued right now?
Based on GuruFocus' analysis, Alpha Networks (TPE:3380) is currently considered Fairly Valued. The stock's GF Value™ is NT$32.43, compared to a current price of NT$29.80 — trading 8.1% below its estimated fair value. The current Return-on-Tangible-Asset is 0.93%, which is 54% below median its 10-year median of 2.02 and 61.9% below the Hardware industry median of 2.44. Alpha Networks' overall GF Score™ is 67/100 with 7 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 Alpha Networks (TPE:3380), the current Return-on-Tangible-Asset is 0.93% 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 Alpha Networks (TPE:3380) Overvalued in 2026?
Based on GuruFocus' analysis, Alpha Networks stock appears to be undervalued.
The current stock price of NT$29.80 is trading 8.1% below its estimated GF Value™ of NT$32.43.
GuruFocus considers Alpha Networks to be Fairly Valued.
Key valuation signals for TPE:3380:
Return-on-Tangible-Asset: 0.93% (54% below median its 10-year median of 2.02)
GF Value™: NT$32.43 vs. price of NT$29.80 (8.1% below fair value)
Industry Position: 61.9% below the Hardware median (#1650 of 2501)
No single metric tells the full story. See the TPE:3380 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alpha Networks Inc is a provider of telecommunications services mainly engaged in the research, development, design, production, and sale of broadband products, computer network systems, wireless local area networks (LAN), and related accessories. Its product portfolio includes data center switches, Ethernet switches, wireless and fixed broadband products, video radar doorbells, wireless cameras, radar sensors, and others. The Group's reportable segments are: Network related products, which generate maximum revenue, and Others. Geographically, it derives maximum revenue from the United States, and the rest from Taiwan, Japan, and other regions.
67GF Score
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