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Cleanaway CoTPE:8422 -0.60%84 Return-on-Tangible-Asset is 4.85% as of Mar. 2026, which is 70% below its 10-year median of 16.02. GuruFocus rates TPE:8422 with a GF Score™ of 84/100 and a GF Value™ of NT$21.46 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 244 Waste Management companies, Cleanaway Co ranks better than 69.67% 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. Cleanaway Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$1,124 Mil. Cleanaway Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$23,170 Mil. Therefore, Cleanaway Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.85%.
The historical rank and industry rank for Cleanaway Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:8422'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.93 Med: 16.02 Max: 24.46
Current: 5.93
During the past 13 years, Cleanaway Co's highest Return-on-Tangible-Asset was 24.46%. The lowest was 5.93%. And the median was 16.02%.
TPE:8422's Return-on-Tangible-Asset is ranked better than 69.67% of 244
companies
in the Waste Management industry
Industry Median: 2.135
vs TPE:8422: 5.93
Cleanaway Co (TPE:8422) 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.
Cleanaway Co Return-on-Tangible-Asset Related Terms
Cleanaway Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Cleanaway 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:8422 vs WM, RSG, WCN: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, Cleanaway 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.
Cleanaway Co Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, Cleanaway Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Cleanaway 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 4.85% mean?
Cleanaway Co (TPE:8422) has a Return-on-Tangible-Asset of 4.85% 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 Cleanaway Co and its competitors. This is 70% below median its historical median of 16.02. Over the past decade, Cleanaway Co's Return-on-Tangible-Asset has ranged from 5.93 to 24.46. According to the industry distribution chart, Cleanaway Co ranks #74 out of 244 companies in the Waste Management industry, placing it in the top 30.3%.
Is Cleanaway Co's Return-on-Tangible-Asset too high?
Cleanaway Co's current Return-on-Tangible-Asset of 4.85% is 70% below median its 10-year median of 16.02. Over the past 10 years, this metric has ranged from a low of 5.93 to a high of 24.46. The Waste Management industry median Return-on-Tangible-Asset is 2.14. Cleanaway Co's value of 4.85% is 127.2% above this industry median. Based on the distribution chart, Cleanaway Co ranks #74 out of 244 companies in the Waste Management industry, which is above the industry midpoint. Overall, Cleanaway Co has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cleanaway Co's Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, Cleanaway Co ranks #74 out of 244 companies for Return-on-Tangible-Asset. This puts Cleanaway Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.14. Cleanaway Co's value of 4.85% is 127.2% above this benchmark. Historically, Cleanaway Co's own Return-on-Tangible-Asset has ranged from 5.93 to 24.46 over the past decade. While the company's 10-year median is 16.02 vs. the industry median of 2.14, Cleanaway 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 2.14, 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. Cleanaway Co's current Return-on-Tangible-Asset of 4.85% is 127.2% 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 Cleanaway Co and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleanaway Co's current Return-on-Tangible-Asset is 4.85%, which is 70% below median its own 10-year median of 16.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleanaway Co stock overvalued right now?
Based on GuruFocus' analysis, Cleanaway Co (TPE:8422) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$21.46, compared to a current price of NT$24.80 — trading 15.6% above its estimated fair value. The current Return-on-Tangible-Asset is 4.85%, which is 70% below median its 10-year median of 16.02 and 127.2% above the Waste Management industry median of 2.14. Cleanaway Co's overall GF Score™ is 84/100 with 9 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 Cleanaway Co (TPE:8422), the current Return-on-Tangible-Asset is 4.85% 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 Cleanaway Co (TPE:8422) Overvalued in 2026?
Based on GuruFocus' analysis, Cleanaway Co stock appears to be overvalued.
The current stock price of NT$24.80 is trading 15.6% above its estimated GF Value™ of NT$21.46.
GuruFocus considers Cleanaway Co to be Modestly Overvalued.
Key valuation signals for TPE:8422:
Return-on-Tangible-Asset: 4.85% (70% below median its 10-year median of 16.02)
GF Value™: NT$21.46 vs. price of NT$24.80 (15.6% above fair value)
Industry Position: 127.2% above the Waste Management median (#74 of 244)
No single metric tells the full story. See the TPE:8422 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cleanaway Co Ltd is a Taiwan-based environmental protection and waste management company engaged in the treatment, recycling, transportation, and disposal of industrial and hazardous waste. The company operates through eight reportable segments: Solidification and Excavation, Landfill, Clean-up and Transport, China Operations, Investment, Paper Manufacturing, Power Sales, and Ready-Mixed Concrete. Its services include intermediate treatment of hazardous industrial waste, landfill operations, contaminated site remediation, waste removal and transportation, and environmental protection services. The company also manufactures paper products, sells renewable energy generated from solar power, and produces ready-mixed concrete.
84GF Score
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