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.
Taiwan Steel Union CoTPE:6581 +0.93%83 Return-on-Tangible-Asset is 9.57% as of Mar. 2026, which is 35% below its 10-year median of 14.69. GuruFocus rates TPE:6581 with a GF Score™ of 83/100 and a GF Value™ of NT$96.97 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 244 Waste Management companies, Taiwan Steel Union Co ranks better than 91.39% 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. Taiwan Steel Union Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$521 Mil. Taiwan Steel Union Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$5,442 Mil. Therefore, Taiwan Steel Union Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.57%.
The historical rank and industry rank for Taiwan Steel Union Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:6581'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.52 Med: 14.69 Max: 27.82
Current: 12.67
During the past 13 years, Taiwan Steel Union Co's highest Return-on-Tangible-Asset was 27.82%. The lowest was 8.52%. And the median was 14.69%.
TPE:6581's Return-on-Tangible-Asset is ranked better than 91.39% of 244
companies
in the Waste Management industry
Industry Median: 2.255
vs TPE:6581: 12.67
Taiwan Steel Union Co (TPE:6581) 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.
Taiwan Steel Union Co Return-on-Tangible-Asset Related Terms
Taiwan Steel Union Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Taiwan Steel Union 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.
Taiwan Steel Union Co Return-on-Tangible-Asset Chart
TPE:6581 vs WM, RSG, WCN: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, Taiwan Steel Union 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.
Taiwan Steel Union Co Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, Taiwan Steel Union Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Taiwan Steel Union 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 9.57% mean?
Taiwan Steel Union Co (TPE:6581) has a Return-on-Tangible-Asset of 9.57% 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 Taiwan Steel Union Co and its competitors. This is 35% below median its historical median of 14.69. Over the past decade, Taiwan Steel Union Co's Return-on-Tangible-Asset has ranged from 8.52 to 27.82. According to the industry distribution chart, Taiwan Steel Union Co ranks #21 out of 244 companies in the Waste Management industry, placing it in the top 8.6%.
Is Taiwan Steel Union Co's Return-on-Tangible-Asset too high?
Taiwan Steel Union Co's current Return-on-Tangible-Asset of 9.57% is 35% below median its 10-year median of 14.69. Over the past 10 years, this metric has ranged from a low of 8.52 to a high of 27.82. The Waste Management industry median Return-on-Tangible-Asset is 2.26. Taiwan Steel Union Co's value of 9.57% is 324.4% above this industry median. Based on the distribution chart, Taiwan Steel Union Co ranks #21 out of 244 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Taiwan Steel Union Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Steel Union Co's Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, Taiwan Steel Union Co ranks #21 out of 244 companies for Return-on-Tangible-Asset. This places Taiwan Steel Union Co in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.26. Taiwan Steel Union Co's value of 9.57% is 324.4% above this benchmark. Historically, Taiwan Steel Union Co's own Return-on-Tangible-Asset has ranged from 8.52 to 27.82 over the past decade. While the company's 10-year median is 14.69 vs. the industry median of 2.26, Taiwan Steel Union 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 Waste Management company?
The median Return-on-Tangible-Asset among Waste Management companies is 2.26, based on 244 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. Taiwan Steel Union Co's current Return-on-Tangible-Asset of 9.57% is 324.4% 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 Taiwan Steel Union Co and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Steel Union Co's current Return-on-Tangible-Asset is 9.57%, which is 35% below median its own 10-year median of 14.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Steel Union Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Steel Union Co (TPE:6581) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$96.97, compared to a current price of NT$109.00 — trading 12.4% above its estimated fair value. The current Return-on-Tangible-Asset is 9.57%, which is 35% below median its 10-year median of 14.69 and 324.4% above the Waste Management industry median of 2.26. Taiwan Steel Union Co's overall GF Score™ is 83/100 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 Taiwan Steel Union Co (TPE:6581), the current Return-on-Tangible-Asset is 9.57% 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 Taiwan Steel Union Co (TPE:6581) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Steel Union Co stock appears to be overvalued.
The current stock price of NT$109.00 is trading 12.4% above its estimated GF Value™ of NT$96.97.
GuruFocus considers Taiwan Steel Union Co to be Modestly Overvalued.
Key valuation signals for TPE:6581:
Return-on-Tangible-Asset: 9.57% (35% below median its 10-year median of 14.69)
GF Value™: NT$96.97 vs. price of NT$109.00 (12.4% above fair value)
Industry Position: 324.4% above the Waste Management median (#21 of 244)
No single metric tells the full story. See the TPE:6581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Steel Union Co Ltd is a Taiwan-based waste management company. The company's main business is to dispose and reuse general industrial waste and hazardous industrial waste, as well as manufacture and trade non-ferrous metal (zinc oxide) and non-metallic mineral products.
83GF Score
Get the complete analysis for TPE:6581
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:6581 has been successfully added to your 
