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Edison OptoTPE:3591 -5.85%74 Return-on-Tangible-Asset is 1.60% as of Mar. 2026, which is 100% above its 10-year median of 0.80. GuruFocus rates TPE:3591 with a GF Score™ of 74/100 and a GF Value™ of NT$24.59 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,501 Hardware companies, Edison Opto ranks worse than 69.49% 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. Edison Opto's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$67 Mil. Edison Opto's average total tangible assets for the quarter that ended in Mar. 2026 was NT$4,161 Mil. Therefore, Edison Opto's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.60%.
The historical rank and industry rank for Edison Opto's Return-on-Tangible-Asset or its related term are showing as below:
TPE:3591'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.87 Med: 0.8 Max: 3.52
Current: -1.05
During the past 13 years, Edison Opto's highest Return-on-Tangible-Asset was 3.52%. The lowest was -7.87%. And the median was 0.80%.
TPE:3591's Return-on-Tangible-Asset is ranked worse than 69.49% of 2501
companies
in the Hardware industry
Industry Median: 2.44
vs TPE:3591: -1.05
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.
Edison Opto Return-on-Tangible-Asset Related Terms
Edison Opto Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Edison Opto'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:3591 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Edison Opto'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.
Edison Opto Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Edison Opto's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Edison Opto'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 1.60% mean?
Edison Opto (TPE:3591) has a Return-on-Tangible-Asset of 1.60% 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 Edison Opto and its competitors. This is 100% above median its historical median of 0.80. According to the industry distribution chart, Edison Opto ranks #1738 out of 2501 companies in the Hardware industry, placing it in the top 69.5%.
Is Edison Opto's Return-on-Tangible-Asset too high?
Edison Opto's current Return-on-Tangible-Asset of 1.60% is 100% above median its 10-year median of 0.80. The Hardware industry median Return-on-Tangible-Asset is 2.44. Edison Opto's value of 1.60% is 34.4% below this industry median. Based on the distribution chart, Edison Opto ranks #1738 out of 2501 companies in the Hardware industry, which is below the industry midpoint. Overall, Edison Opto has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Edison Opto's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Edison Opto ranks #1738 out of 2501 companies for Return-on-Tangible-Asset. This places Edison Opto in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.44. Edison Opto's value of 1.60% is 34.4% below this benchmark. While the company's 10-year median is 0.80 vs. the industry median of 2.44, Edison Opto 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. Edison Opto's current Return-on-Tangible-Asset of 1.60% is 34.4% 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 Edison Opto 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. Edison Opto's current Return-on-Tangible-Asset is 1.60%, which is 100% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Edison Opto stock overvalued right now?
Based on GuruFocus' analysis, Edison Opto (TPE:3591) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$24.59, compared to a current price of NT$18.50 — trading 24.8% below its estimated fair value. The current Return-on-Tangible-Asset is 1.60%, which is 100% above median its 10-year median of 0.80 and 34.4% below the Hardware industry median of 2.44. Edison Opto's overall GF Score™ is 74/100 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 Edison Opto (TPE:3591), the current Return-on-Tangible-Asset is 1.60% 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 Edison Opto (TPE:3591) Overvalued in 2026?
Based on GuruFocus' analysis, Edison Opto stock appears to be undervalued.
The current stock price of NT$18.50 is trading 24.8% below its estimated GF Value™ of NT$24.59.
GuruFocus considers Edison Opto to be Modestly Undervalued.
Key valuation signals for TPE:3591:
Return-on-Tangible-Asset: 1.60% (100% above median its 10-year median of 0.80)
GF Value™: NT$24.59 vs. price of NT$18.50 (24.8% below fair value)
Industry Position: 34.4% below the Hardware median (#1738 of 2501)
No single metric tells the full story. See the TPE:3591 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Edison Opto Corp is engaged in manufacturing, selling, researching, and developing LED components, modules, and finished products in general lighting and automotive lighting areas. The company's operating segments include The Company; Edison Opto (Dong Guan) Co. Ltd; Yangzhou Edison Opto Corporation; Yangzhou Edison-Litek Opto Corporation; Edison-Litek Opto Corporation, and other subsidiaries. It generates maximum revenue from the Company segment.
74GF Score
Get the complete analysis for TPE:3591
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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