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.
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.
WinWay Technology CoTPE:6515 -2.31%76 Return-on-Tangible-Asset is 24.03% as of Mar. 2026, which is 27% above its 10-year median of 18.91. GuruFocus rates TPE:6515 with a GF Score™ of 76/100 and a GF Value™ of NT$2,417.49 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,028 Semiconductors companies, WinWay Technology Co ranks better than 92.41% 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. WinWay Technology Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$2,794 Mil. WinWay Technology Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$11,629 Mil. Therefore, WinWay Technology Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 24.03%.
The historical rank and industry rank for WinWay Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:6515'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.84 Med: 18.91 Max: 29.69
Current: 18.34
During the past 10 years, WinWay Technology Co's highest Return-on-Tangible-Asset was 29.69%. The lowest was 8.84%. And the median was 18.91%.
TPE:6515's Return-on-Tangible-Asset is ranked better than 92.41% of 1028
companies
in the Semiconductors industry
Industry Median: 2.72
vs TPE:6515: 18.34
WinWay Technology Co (TPE:6515) 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.
WinWay Technology Co Return-on-Tangible-Asset Related Terms
WinWay Technology Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for WinWay Technology 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.
WinWay Technology Co Return-on-Tangible-Asset Chart
TPE:6515 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, WinWay Technology 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.
WinWay Technology Co Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, WinWay Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where WinWay Technology 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 24.03% mean?
WinWay Technology Co (TPE:6515) has a Return-on-Tangible-Asset of 24.03% 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 WinWay Technology Co and its competitors. This is 27% above median its historical median of 18.91. Over the past decade, WinWay Technology Co's Return-on-Tangible-Asset has ranged from 8.84 to 29.69. According to the industry distribution chart, WinWay Technology Co ranks #78 out of 1028 companies in the Semiconductors industry, placing it in the top 7.6%.
Is WinWay Technology Co's Return-on-Tangible-Asset too high?
WinWay Technology Co's current Return-on-Tangible-Asset of 24.03% is 27% above median its 10-year median of 18.91. Over the past 10 years, this metric has ranged from a low of 8.84 to a high of 29.69. The Semiconductors industry median Return-on-Tangible-Asset is 2.72. WinWay Technology Co's value of 24.03% is 783.5% above this industry median. Based on the distribution chart, WinWay Technology Co ranks #78 out of 1028 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, WinWay Technology Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WinWay Technology Co's Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, WinWay Technology Co ranks #78 out of 1028 companies for Return-on-Tangible-Asset. This places WinWay Technology Co in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.72. WinWay Technology Co's value of 24.03% is 783.5% above this benchmark. Historically, WinWay Technology Co's own Return-on-Tangible-Asset has ranged from 8.84 to 29.69 over the past decade. While the company's 10-year median is 18.91 vs. the industry median of 2.72, WinWay Technology 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.72, based on 1,028 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. WinWay Technology Co's current Return-on-Tangible-Asset of 24.03% is 783.5% 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 WinWay Technology Co and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WinWay Technology Co's current Return-on-Tangible-Asset is 24.03%, which is 27% above median its own 10-year median of 18.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WinWay Technology Co stock overvalued right now?
Based on GuruFocus' analysis, WinWay Technology Co (TPE:6515) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$2,417.49, compared to a current price of NT$5,290.00 — trading 118.8% above its estimated fair value. The current Return-on-Tangible-Asset is 24.03%, which is 27% above median its 10-year median of 18.91 and 783.5% above the Semiconductors industry median of 2.72. WinWay Technology Co's overall GF Score™ is 76/100 with 4 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 WinWay Technology Co (TPE:6515), the current Return-on-Tangible-Asset is 24.03% 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 WinWay Technology Co (TPE:6515) Overvalued in 2026?
Based on GuruFocus' analysis, WinWay Technology Co stock appears to be overvalued.
The current stock price of NT$5,290.00 is trading 118.8% above its estimated GF Value™ of NT$2,417.49.
GuruFocus considers WinWay Technology Co to be Significantly Overvalued.
Key valuation signals for TPE:6515:
Return-on-Tangible-Asset: 24.03% (27% above median its 10-year median of 18.91)
GF Value™: NT$2,417.49 vs. price of NT$5,290.00 (118.8% above fair value)
Industry Position: 783.5% above the Semiconductors median (#78 of 1028)
No single metric tells the full story. See the TPE:6515 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WinWay Technology Co Ltd company is engaged in designing, processing, and sales of optoelectronic product test fixtures, integrated circuit test interfaces and fixtures and their key components, and the import and export trade of related products. Its products are Package Test, Wafer Test, Thermal control Products. The group has one reportable segment. This segment is mainly the manufacturing and sales of optoelectronic products test fixtures. Geographically, the company has a presence in Taiwan, America, China, Asia, Europe, and Canada where it generates the majority of its revenue from America.
76GF Score
Get the complete analysis for TPE:6515
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:6515 has been successfully added to your 
