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Capital SecuritiesTPE:6005 -5.34%79 Return-on-Tangible-Asset is 1.97% as of Dec. 2025, which is 6% above its 10-year median of 1.85. GuruFocus rates TPE:6005 with a GF Score™ of 79/100 and a GF Value™ of NT$32.23 (Fairly Valued). The stock has 8 warning signs investors should review. Among 816 Capital Markets companies, Capital Securities ranks better than 53.68% 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. Capital Securities's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$6,728 Mil. Capital Securities's average total tangible assets for the quarter that ended in Dec. 2025 was NT$341,629 Mil. Therefore, Capital Securities's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 1.97%.
The historical rank and industry rank for Capital Securities's Return-on-Tangible-Asset or its related term are showing as below:
TPE:6005'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.43 Med: 1.85 Max: 2.92
Current: 1.79
During the past 13 years, Capital Securities's highest Return-on-Tangible-Asset was 2.92%. The lowest was 0.43%. And the median was 1.85%.
TPE:6005's Return-on-Tangible-Asset is ranked better than 53.68% of 816
companies
in the Capital Markets industry
Industry Median: 1.545
vs TPE:6005: 1.79
Capital Securities (TPE:6005) 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 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.
Capital Securities Return-on-Tangible-Asset Related Terms
Capital Securities Return-on-Tangible-Asset Historical Data
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The historical data trend for Capital Securities'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:6005 vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Capital Securities'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.
Capital Securities Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Capital Securities's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Capital Securities'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 1.97% mean?
Capital Securities (TPE:6005) has a Return-on-Tangible-Asset of 1.97% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Capital Securities and its competitors. This is near median its historical median of 1.85. Over the past decade, Capital Securities' Return-on-Tangible-Asset has ranged from 0.43 to 2.92. According to the industry distribution chart, Capital Securities ranks #378 out of 816 companies in the Capital Markets industry, placing it in the top 46.3%.
Is Capital Securities' Return-on-Tangible-Asset too high?
Capital Securities' current Return-on-Tangible-Asset of 1.97% is near median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 2.92. The Capital Markets industry median Return-on-Tangible-Asset is 1.55. Capital Securities' value of 1.97% is 27.5% above this industry median. Based on the distribution chart, Capital Securities ranks #378 out of 816 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Capital Securities has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Capital Securities' Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Capital Securities ranks #378 out of 816 companies for Return-on-Tangible-Asset. This puts Capital Securities in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.55. Capital Securities' value of 1.97% is 27.5% above this benchmark. Historically, Capital Securities' own Return-on-Tangible-Asset has ranged from 0.43 to 2.92 over the past decade. While the company's 10-year median is 1.85 vs. the industry median of 1.55, Capital Securities 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.55, based on 816 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. Capital Securities's current Return-on-Tangible-Asset of 1.97% is 27.5% 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 Capital Securities and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Securities's current Return-on-Tangible-Asset is 1.97%, which is near median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Securities stock overvalued right now?
Based on GuruFocus' analysis, Capital Securities (TPE:6005) is currently considered Fairly Valued. The stock's GF Value™ is NT$32.23, compared to a current price of NT$33.70 — trading 4.6% above its estimated fair value. The current Return-on-Tangible-Asset is 1.97%, which is near median its 10-year median of 1.85 and 27.5% above the Capital Markets industry median of 1.55. Capital Securities' overall GF Score™ is 79/100 with 8 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 Capital Securities (TPE:6005), the current Return-on-Tangible-Asset is 1.97% as of Dec. 2025. 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 Capital Securities (TPE:6005) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Securities stock appears to be overvalued.
The current stock price of NT$33.70 is trading 4.6% above its estimated GF Value™ of NT$32.23.
GuruFocus considers Capital Securities to be Fairly Valued.
Key valuation signals for TPE:6005:
Return-on-Tangible-Asset: 1.97% (near median its 10-year median of 1.85)
GF Value™: NT$32.23 vs. price of NT$33.70 (4.6% above fair value)
Industry Position: 27.5% above the Capital Markets median (#378 of 816)
No single metric tells the full story. See the TPE:6005 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Securities Corp is a Taiwan-based securities company engaged in brokerage, underwriting, proprietary trading, and derivatives businesses. It operates in segments such as the Brokerage segment, which is engaged in brokerage trading, margin trading, and securities lending business. Corporate financing segment: Engaged in providing advisory on initial public offering or to register on the emerging or listed market, securities underwriting and sales, corporate finance, mergers and acquisitions. Dealing segment: Engaged in trading securities and related listed stock instruments on a proprietary basis. Derivative instrument segment: Engaged in the investment, consultancy, and issuance of derivative instruments. Futures: Engaged in the business of domestic futures brokerage services.
79GF Score
Get the complete analysis for TPE:6005
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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