San Fu Chemical Co (TPE:4755) Return-on-Tangible-Asset: 4.79% (As of Mar. 2026) — 41% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:4755 San Fu Chemical Co Ltd TPE:4755
86 GF Score
Price NT$106.00
GF Value NT$128.57
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is San Fu Chemical Co Return-on-Tangible-Asset?

San Fu Chemical Co TPE:4755 -4.07% 86 Return-on-Tangible-Asset is 4.79% as of Mar. 2026, which is 41% below its 10-year median of 8.14. GuruFocus rates TPE:4755 with a GF Score™ of 86/100 and a GF Value™ of NT$128.57 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,611 Chemicals companies, San Fu Chemical Co ranks better than 62.63% 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. San Fu Chemical Co's annualized Net Income for the quarter that ended in Mar. 2026 was NT$406 Mil. San Fu Chemical Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$8,484 Mil. Therefore, San Fu Chemical Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.79%.

The historical rank and industry rank for San Fu Chemical Co's Return-on-Tangible-Asset or its related term are showing as below:

TPE:4755' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.37   Med: 8.14   Max: 12.31
Current: 4.37

During the past 13 years, San Fu Chemical Co's highest Return-on-Tangible-Asset was 12.31%. The lowest was 4.37%. And the median was 8.14%.

TPE:4755's Return-on-Tangible-Asset is ranked better than
62.63% of 1611 companies
in the Chemicals industry
Industry Median: 3.07 vs TPE:4755: 4.37

San Fu Chemical Co  (TPE:4755) Return-on-Tangible-Asset Explanation

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 company’s 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 company’s 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.


San Fu Chemical Co Return-on-Tangible-Asset Related Terms


San Fu Chemical Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for San Fu Chemical Co'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.

San Fu Chemical Co Return-on-Tangible-Asset Chart

San Fu Chemical Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.26 12.31 5.98 5.53 4.76

San Fu Chemical Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.66 1.69 4.74 6.32 4.79

TPE:4755 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison

For the Specialty Chemicals subindustry, San Fu Chemical Co'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.


San Fu Chemical Co Return-on-Tangible-Asset vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, San Fu Chemical Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where San Fu Chemical Co's Return-on-Tangible-Asset falls into.


TPE:4755
86GF Score
San Fu Chemical Co Ltd TPE:4755
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

San Fu Chemical Co Return-on-Tangible-Asset Calculation

San Fu Chemical Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=372.318/( (7280.735+8363.088)/ 2 )
=372.318/7821.9115
=4.76 %

San Fu Chemical Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=406.364/( (8363.088+8605.147)/ 2 )
=406.364/8484.1175
=4.79 %

* 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 4.79% mean?
San Fu Chemical Co (TPE:4755) has a Return-on-Tangible-Asset of 4.79% 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 San Fu Chemical Co and its competitors. This is 41% below median its historical median of 8.14. Over the past decade, San Fu Chemical Co's Return-on-Tangible-Asset has ranged from 4.37 to 12.31. According to the industry distribution chart, San Fu Chemical Co ranks #602 out of 1611 companies in the Chemicals industry, placing it in the top 37.4%.
Is San Fu Chemical Co's Return-on-Tangible-Asset too high?
San Fu Chemical Co's current Return-on-Tangible-Asset of 4.79% is 41% below median its 10-year median of 8.14. Over the past 10 years, this metric has ranged from a low of 4.37 to a high of 12.31. The Chemicals industry median Return-on-Tangible-Asset is 3.07. San Fu Chemical Co's value of 4.79% is 56% above this industry median. Based on the distribution chart, San Fu Chemical Co ranks #602 out of 1611 companies in the Chemicals industry, which is above the industry midpoint. Overall, San Fu Chemical Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does San Fu Chemical Co's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, San Fu Chemical Co ranks #602 out of 1611 companies for Return-on-Tangible-Asset. This puts San Fu Chemical Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.07. San Fu Chemical Co's value of 4.79% is 56% above this benchmark. Historically, San Fu Chemical Co's own Return-on-Tangible-Asset has ranged from 4.37 to 12.31 over the past decade. While the company's 10-year median is 8.14 vs. the industry median of 3.07, San Fu Chemical Co 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.07, based on 1,611 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. San Fu Chemical Co's current Return-on-Tangible-Asset of 4.79% is 56% 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 San Fu Chemical Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Fu Chemical Co's current Return-on-Tangible-Asset is 4.79%, which is 41% below median its own 10-year median of 8.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Fu Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, San Fu Chemical Co (TPE:4755) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$128.57, compared to a current price of NT$106.00 — trading 17.6% below its estimated fair value. The current Return-on-Tangible-Asset is 4.79%, which is 41% below median its 10-year median of 8.14 and 56% above the Chemicals industry median of 3.07. San Fu Chemical Co's overall GF Score™ is 86/100 with 5 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 San Fu Chemical Co (TPE:4755), the current Return-on-Tangible-Asset is 4.79% 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 San Fu Chemical Co (TPE:4755) Overvalued in 2026?

Based on GuruFocus' analysis, San Fu Chemical Co stock appears to be undervalued. The current stock price of NT$106.00 is trading 17.6% below its estimated GF Value™ of NT$128.57. GuruFocus considers San Fu Chemical Co to be Modestly Undervalued.

Key valuation signals for TPE:4755:

  • Return-on-Tangible-Asset: 4.79% (41% below median its 10-year median of 8.14)
  • GF Value™: NT$128.57 vs. price of NT$106.00 (17.6% below fair value)
  • GF Score™: 86/100 with 5 warning signs
  • Industry Position: 56% above the Chemicals median (#602 of 1611)

No single metric tells the full story. See the TPE:4755 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


San Fu Chemical Co Business Description

Address Zhongshan North Road, 5th Floor, No. 21, Zhongshan District, Taipei, TWN, 10405
San Fu Chemical Co Ltd is engaged in investing in the manufacture and sales of various chemical products. The company's products and services are: Precision chemicals, Basic chemicals, Food ingredients and additives, Grinding fluid outsourcing, Developer waste liquid recycling, and Commissioned inspection. It operates in two segments: Department of fine and high fine chemicals: Mainly engaged in the manufacturing, processing, and trading of chemical cleaning and etching agents; Department of basic chemicals: Mainly engaged in the manufacturing, processing, and trading of food additives. The majority of the revenue is derived from the Department of fine and high fine chemicals segment.
86GF Score

Get the complete analysis for TPE:4755

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$106.00
Price
NT$128.57
GF Value