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Zhen Ding Technology HoldingTPE:4958 -7.05%68 Return-on-Tangible-Asset is 1.99% as of Mar. 2026, which is 59% below its 10-year median of 4.91. GuruFocus rates TPE:4958 with a GF Score™ of 68/100 and a GF Value™ of NT$133.74 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,500 Hardware companies, Zhen Ding Technology Holding ranks better than 52.8% on this metric.
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.
Zhen Ding Technology Holding Return-on-Tangible-Asset Related Terms
Zhen Ding Technology Holding 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:4958 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Zhen Ding Technology Holding'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.
Zhen Ding Technology Holding Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Zhen Ding Technology Holding's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zhen Ding Technology Holding'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 1.99% mean?
Zhen Ding Technology Holding (TPE:4958) has a Return-on-Tangible-Asset of 1.99% 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 Zhen Ding Technology Holding and its competitors. This is 59% below median its historical median of 4.91. Over the past decade, Zhen Ding Technology Holding's Return-on-Tangible-Asset has ranged from 2.51 to 6.70. According to the industry distribution chart, Zhen Ding Technology Holding ranks #1180 out of 2500 companies in the Hardware industry, placing it in the top 47.2%.
Is Zhen Ding Technology Holding's Return-on-Tangible-Asset too high?
Zhen Ding Technology Holding's current Return-on-Tangible-Asset of 1.99% is 59% below median its 10-year median of 4.91. Over the past 10 years, this metric has ranged from a low of 2.51 to a high of 6.70. The Hardware industry median Return-on-Tangible-Asset is 2.47. Zhen Ding Technology Holding's value of 1.99% is 19.3% below this industry median. Based on the distribution chart, Zhen Ding Technology Holding ranks #1180 out of 2500 companies in the Hardware industry, which is above the industry midpoint. Overall, Zhen Ding Technology Holding has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhen Ding Technology Holding's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Zhen Ding Technology Holding ranks #1180 out of 2500 companies for Return-on-Tangible-Asset. This puts Zhen Ding Technology Holding in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.47. Zhen Ding Technology Holding's value of 1.99% is 19.3% below this benchmark. Historically, Zhen Ding Technology Holding's own Return-on-Tangible-Asset has ranged from 2.51 to 6.70 over the past decade. While the company's 10-year median is 4.91 vs. the industry median of 2.47, Zhen Ding Technology Holding 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 2.47, 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. Zhen Ding Technology Holding's current Return-on-Tangible-Asset of 1.99% is 19.3% 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 Zhen Ding Technology Holding 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. Zhen Ding Technology Holding's current Return-on-Tangible-Asset is 1.99%, which is 59% below median its own 10-year median of 4.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhen Ding Technology Holding stock overvalued right now?
Based on GuruFocus' analysis, Zhen Ding Technology Holding (TPE:4958) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$133.74, compared to a current price of NT$376.00 — trading 181.1% above its estimated fair value. The current Return-on-Tangible-Asset is 1.99%, which is 59% below median its 10-year median of 4.91 and 19.3% below the Hardware industry median of 2.47. Zhen Ding Technology Holding's overall GF Score™ is 68/100 with 6 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 Zhen Ding Technology Holding (TPE:4958), the current Return-on-Tangible-Asset is 1.99% 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 Zhen Ding Technology Holding (TPE:4958) Overvalued in 2026?
Based on GuruFocus' analysis, Zhen Ding Technology Holding stock appears to be overvalued.
The current stock price of NT$376.00 is trading 181.1% above its estimated GF Value™ of NT$133.74.
GuruFocus considers Zhen Ding Technology Holding to be Significantly Overvalued.
Key valuation signals for TPE:4958:
Return-on-Tangible-Asset: 1.99% (59% below median its 10-year median of 4.91)
GF Value™: NT$133.74 vs. price of NT$376.00 (181.1% above fair value)
Industry Position: 19.3% below the Hardware median (#1180 of 2500)
No single metric tells the full story. See the TPE:4958 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhen Ding Technology Holding Ltd manufactures printed circuit boards, including high-density interconnection, flexible printed circuits, rigid printed circuit boards, and integrated circuit substrates. These products are used in a variety of applications, including personal computers, watches, memory and data cards, smartphones, tablets, media players, televisions, digital and video cameras, and game consoles. Its customers include the telecommunications, electronics, automotive, medical equipment, military equipment, and space industries. The Group generates all of its revenue from the manufacturing of PCB products. Geographically, it derives maximum revenue from the USA, and the rest from Mainland China, Taiwan, Singapore, and other regions.
68GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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