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Keding Enterprise CoTPE:6655 +0.42%80 Return-on-Tangible-Asset is 3.38% as of Mar. 2026, which is 30% below its 10-year median of 4.85. GuruFocus rates TPE:6655 with a GF Score™ of 80/100 and a GF Value™ of NT$137.62 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 287 Forest Products companies, Keding Enterprise Co ranks better than 74.56% 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. Keding Enterprise Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$298 Mil. Keding Enterprise Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$8,822 Mil. Therefore, Keding Enterprise Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.38%.
The historical rank and industry rank for Keding Enterprise Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:6655'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.81 Med: 4.85 Max: 10.12
Current: 3.65
During the past 12 years, Keding Enterprise Co's highest Return-on-Tangible-Asset was 10.12%. The lowest was 2.81%. And the median was 4.85%.
TPE:6655's Return-on-Tangible-Asset is ranked better than 74.56% of 287
companies
in the Forest Products industry
Industry Median: 0.99
vs TPE:6655: 3.65
Keding Enterprise Co (TPE:6655) 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.
Keding Enterprise Co Return-on-Tangible-Asset Related Terms
Keding Enterprise Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Keding Enterprise 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.
Keding Enterprise Co Return-on-Tangible-Asset Chart
TPE:6655 vs SSD, UFPI, BCC: Return-on-Tangible-Asset Comparison
For the Lumber & Wood Production subindustry, Keding Enterprise 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.
Keding Enterprise Co Return-on-Tangible-Asset vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Keding Enterprise Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Keding Enterprise 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 3.38% mean?
Keding Enterprise Co (TPE:6655) has a Return-on-Tangible-Asset of 3.38% 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 Keding Enterprise Co and its competitors. This is 30% below median its historical median of 4.85. Over the past decade, Keding Enterprise Co's Return-on-Tangible-Asset has ranged from 2.81 to 10.12. According to the industry distribution chart, Keding Enterprise Co ranks #73 out of 287 companies in the Forest Products industry, placing it in the top 25.4%.
Is Keding Enterprise Co's Return-on-Tangible-Asset too high?
Keding Enterprise Co's current Return-on-Tangible-Asset of 3.38% is 30% below median its 10-year median of 4.85. Over the past 10 years, this metric has ranged from a low of 2.81 to a high of 10.12. The Forest Products industry median Return-on-Tangible-Asset is 0.99. Keding Enterprise Co's value of 3.38% is 241.4% above this industry median. Based on the distribution chart, Keding Enterprise Co ranks #73 out of 287 companies in the Forest Products industry, which is above the industry midpoint. Overall, Keding Enterprise Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Keding Enterprise Co's Return-on-Tangible-Asset compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Keding Enterprise Co ranks #73 out of 287 companies for Return-on-Tangible-Asset. This puts Keding Enterprise Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Keding Enterprise Co's value of 3.38% is 241.4% above this benchmark. Historically, Keding Enterprise Co's own Return-on-Tangible-Asset has ranged from 2.81 to 10.12 over the past decade. While the company's 10-year median is 4.85 vs. the industry median of 0.99, Keding Enterprise 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 Forest Products company?
The median Return-on-Tangible-Asset among Forest Products companies is 0.99, based on 287 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. Keding Enterprise Co's current Return-on-Tangible-Asset of 3.38% is 241.4% 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 Keding Enterprise Co and its competitors. For the Forest Products industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keding Enterprise Co's current Return-on-Tangible-Asset is 3.38%, which is 30% below median its own 10-year median of 4.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keding Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Keding Enterprise Co (TPE:6655) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$137.62, compared to a current price of NT$120.00 — trading 12.8% below its estimated fair value. The current Return-on-Tangible-Asset is 3.38%, which is 30% below median its 10-year median of 4.85 and 241.4% above the Forest Products industry median of 0.99. Keding Enterprise Co's overall GF Score™ is 80/100 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 Keding Enterprise Co (TPE:6655), the current Return-on-Tangible-Asset is 3.38% 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 Keding Enterprise Co (TPE:6655) Overvalued in 2026?
Based on GuruFocus' analysis, Keding Enterprise Co stock appears to be undervalued.
The current stock price of NT$120.00 is trading 12.8% below its estimated GF Value™ of NT$137.62.
GuruFocus considers Keding Enterprise Co to be Modestly Undervalued.
Key valuation signals for TPE:6655:
Return-on-Tangible-Asset: 3.38% (30% below median its 10-year median of 4.85)
GF Value™: NT$137.62 vs. price of NT$120.00 (12.8% below fair value)
Industry Position: 241.4% above the Forest Products median (#73 of 287)
No single metric tells the full story. See the TPE:6655 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keding Enterprise Co Ltd is mainly engaged in the manufacture and sale of prefinished veneered panels, eco panels, wooden flooring, and other wooden products. In addition, it is also involved in the wholesale of timber products. The company offers products such as KD panels, KD floorings, ECO panels, ECO laminates, and others.
80GF Score
Get the complete analysis for TPE:6655
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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