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Apogee Optocom CoTPE:6426 -8.62%58 Return-on-Tangible-Asset is 11.16% as of Mar. 2026, which is 199% above its 10-year median of 3.73. GuruFocus rates TPE:6426 with a GF Score™ of 58/100 and a GF Value™ of NT$103.36 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,500 Hardware companies, Apogee Optocom Co ranks worse than 74.6% 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. Apogee Optocom Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$113.8 Mil. Apogee Optocom Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$1,019.5 Mil. Therefore, Apogee Optocom Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.16%.
The historical rank and industry rank for Apogee Optocom Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:6426'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.94 Med: 3.73 Max: 11.87
Current: 1.99
During the past 13 years, Apogee Optocom Co's highest Return-on-Tangible-Asset was 11.87%. The lowest was -11.94%. And the median was 3.73%.
TPE:6426's Return-on-Tangible-Asset is ranked worse than 74.6% of 2500
companies
in the Hardware industry
Industry Median: 2.455
vs TPE:6426: 1.99
Apogee Optocom Co (TPE:6426) 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.
Apogee Optocom Co Return-on-Tangible-Asset Related Terms
Apogee Optocom Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Apogee Optocom 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.
TPE:6426 vs CSCO, MSI, HPE: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Apogee Optocom 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.
Apogee Optocom Co Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Apogee Optocom Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Apogee Optocom Co'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 11.16% mean?
Apogee Optocom Co (TPE:6426) has a Return-on-Tangible-Asset of 11.16% 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 Apogee Optocom Co and its competitors. This is 199% above median its historical median of 3.73. According to the industry distribution chart, Apogee Optocom Co ranks #1865 out of 2500 companies in the Hardware industry, placing it in the top 74.6%.
Is Apogee Optocom Co's Return-on-Tangible-Asset too high?
Apogee Optocom Co's current Return-on-Tangible-Asset of 11.16% is 199% above median its 10-year median of 3.73. The Hardware industry median Return-on-Tangible-Asset is 2.46. Apogee Optocom Co's value of 11.16% is 354.6% above this industry median. Based on the distribution chart, Apogee Optocom Co ranks #1865 out of 2500 companies in the Hardware industry, which is below the industry midpoint. Overall, Apogee Optocom Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apogee Optocom Co's Return-on-Tangible-Asset compare to CSCO and MSI?
According to the Hardware industry distribution chart, Apogee Optocom Co ranks #1865 out of 2500 companies for Return-on-Tangible-Asset. This places Apogee Optocom Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.46. Apogee Optocom Co's value of 11.16% is 354.6% above this benchmark. While the company's 10-year median is 3.73 vs. the industry median of 2.46, Apogee Optocom 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.46, 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. Apogee Optocom Co's current Return-on-Tangible-Asset of 11.16% is 354.6% 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 Apogee Optocom Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apogee Optocom Co's current Return-on-Tangible-Asset is 11.16%, which is 199% above median its own 10-year median of 3.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apogee Optocom Co stock overvalued right now?
Based on GuruFocus' analysis, Apogee Optocom Co (TPE:6426) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$103.36, compared to a current price of NT$148.50 — trading 43.7% above its estimated fair value. The current Return-on-Tangible-Asset is 11.16%, which is 199% above median its 10-year median of 3.73 and 354.6% above the Hardware industry median of 2.46. Apogee Optocom Co's overall GF Score™ is 58/100 with 2 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 Apogee Optocom Co (TPE:6426), the current Return-on-Tangible-Asset is 11.16% 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 Apogee Optocom Co (TPE:6426) Overvalued in 2026?
Based on GuruFocus' analysis, Apogee Optocom Co stock appears to be overvalued.
The current stock price of NT$148.50 is trading 43.7% above its estimated GF Value™ of NT$103.36.
GuruFocus considers Apogee Optocom Co to be Significantly Overvalued.
Key valuation signals for TPE:6426:
Return-on-Tangible-Asset: 11.16% (199% above median its 10-year median of 3.73)
GF Value™: NT$103.36 vs. price of NT$148.50 (43.7% above fair value)
Industry Position: 354.6% above the Hardware median (#1865 of 2500)
No single metric tells the full story. See the TPE:6426 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apogee Optocom Co Ltd is a communication component manufacturer based in Taiwan. Its product offerings mainly include thin-film filters for active optical communication components (E-PON, G-PON) and thin-film filters for passive optical communication components (CWDM, DWDM). Additionally, Group is involved in optical and functional thin film processing, and offers optical filters for 1.6T Gbps optical communication modules, co-packaged optics coating applications, and bandpass filters for mid-infrared (MIR) sensors. It also offers measurement instruments like white light interferometers, spectrometers, and mid and far-infrared spectrometers. The Group's reportable operating segments are: the parent company, which derives key revenue, and Subsidiary. Geographically, its key market is China.
58GF Score
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