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Sun Max TechTPE:6591 +2.49%82 Return-on-Tangible-Asset is 3.62% as of Dec. 2025, which is 46% below its 10-year median of 6.76. GuruFocus rates TPE:6591 with a GF Score™ of 82/100 and a GF Value™ of NT$63.24 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,501 Hardware companies, Sun Max Tech ranks better than 74.81% 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. Sun Max Tech's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$126 Mil. Sun Max Tech's average total tangible assets for the quarter that ended in Dec. 2025 was NT$3,472 Mil. Therefore, Sun Max Tech's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.62%.
The historical rank and industry rank for Sun Max Tech's Return-on-Tangible-Asset or its related term are showing as below:
TPE:6591'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.27 Med: 6.76 Max: 17.98
Current: 6.53
During the past 13 years, Sun Max Tech's highest Return-on-Tangible-Asset was 17.98%. The lowest was 4.27%. And the median was 6.76%.
TPE:6591's Return-on-Tangible-Asset is ranked better than 74.81% of 2501
companies
in the Hardware industry
Industry Median: 2.45
vs TPE:6591: 6.53
Sun Max Tech (TPE:6591) 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.
Sun Max Tech Return-on-Tangible-Asset Related Terms
Sun Max Tech Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Sun Max Tech'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:6591 vs SNDK, DELL, STX: Return-on-Tangible-Asset Comparison
For the Computer Hardware subindustry, Sun Max Tech'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.
Sun Max Tech Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Sun Max Tech's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sun Max Tech'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 3.62% mean?
Sun Max Tech (TPE:6591) has a Return-on-Tangible-Asset of 3.62% 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 Sun Max Tech and its competitors. This is 46% below median its historical median of 6.76. Over the past decade, Sun Max Tech's Return-on-Tangible-Asset has ranged from 4.27 to 17.98. According to the industry distribution chart, Sun Max Tech ranks #630 out of 2501 companies in the Hardware industry, placing it in the top 25.2%.
Is Sun Max Tech's Return-on-Tangible-Asset too high?
Sun Max Tech's current Return-on-Tangible-Asset of 3.62% is 46% below median its 10-year median of 6.76. Over the past 10 years, this metric has ranged from a low of 4.27 to a high of 17.98. The Hardware industry median Return-on-Tangible-Asset is 2.45. Sun Max Tech's value of 3.62% is 47.8% above this industry median. Based on the distribution chart, Sun Max Tech ranks #630 out of 2501 companies in the Hardware industry, which is above the industry midpoint. Overall, Sun Max Tech has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sun Max Tech's Return-on-Tangible-Asset compare to SNDK and DELL?
According to the Hardware industry distribution chart, Sun Max Tech ranks #630 out of 2501 companies for Return-on-Tangible-Asset. This puts Sun Max Tech in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.45. Sun Max Tech's value of 3.62% is 47.8% above this benchmark. Historically, Sun Max Tech's own Return-on-Tangible-Asset has ranged from 4.27 to 17.98 over the past decade. While the company's 10-year median is 6.76 vs. the industry median of 2.45, Sun Max Tech 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 2.45, based on 2,501 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. Sun Max Tech's current Return-on-Tangible-Asset of 3.62% is 47.8% 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 Sun Max Tech and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sun Max Tech's current Return-on-Tangible-Asset is 3.62%, which is 46% below median its own 10-year median of 6.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun Max Tech stock overvalued right now?
Based on GuruFocus' analysis, Sun Max Tech (TPE:6591) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$63.24, compared to a current price of NT$45.30 — trading 28.4% below its estimated fair value. The current Return-on-Tangible-Asset is 3.62%, which is 46% below median its 10-year median of 6.76 and 47.8% above the Hardware industry median of 2.45. Sun Max Tech's overall GF Score™ is 82/100 with 7 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 Sun Max Tech (TPE:6591), the current Return-on-Tangible-Asset is 3.62% 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 Sun Max Tech (TPE:6591) Overvalued in 2026?
Based on GuruFocus' analysis, Sun Max Tech stock appears to be undervalued.
The current stock price of NT$45.30 is trading 28.4% below its estimated GF Value™ of NT$63.24.
GuruFocus considers Sun Max Tech to be Modestly Undervalued.
Key valuation signals for TPE:6591:
Return-on-Tangible-Asset: 3.62% (46% below median its 10-year median of 6.76)
GF Value™: NT$63.24 vs. price of NT$45.30 (28.4% below fair value)
Industry Position: 47.8% above the Hardware median (#630 of 2501)
No single metric tells the full story. See the TPE:6591 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sun Max Tech Ltd is engaged in the research and development, production, and sales of DC brushless cooling fans, liquid cooling pumps, and other computer-related accessories in Taiwan. Its products are mainly used for personal computers (PC), communications networks, and Industrial control. The company generates maximum revenue from a Cooling fan. Geographically, it derives a majority of its revenue from China and also has a presence in Taiwan and other countries.
82GF Score
Get the complete analysis for TPE:6591
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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