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Taiwan CogenerationTPE:8926 -1.78%72 Return-on-Tangible-Asset is 11.29% as of Mar. 2026, which is 120% above its 10-year median of 5.14. GuruFocus rates TPE:8926 with a GF Score™ of 72/100 and a GF Value™ of NT$43.63 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,780 Construction companies, Taiwan Cogeneration ranks better than 70% 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 Cogeneration's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$6,175 Mil. Taiwan Cogeneration's average total tangible assets for the quarter that ended in Mar. 2026 was NT$54,708 Mil. Therefore, Taiwan Cogeneration's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.29%.
The historical rank and industry rank for Taiwan Cogeneration's Return-on-Tangible-Asset or its related term are showing as below:
TPE:8926'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.87 Med: 5.14 Max: 6.42
Current: 6.26
During the past 13 years, Taiwan Cogeneration's highest Return-on-Tangible-Asset was 6.42%. The lowest was 3.87%. And the median was 5.14%.
TPE:8926's Return-on-Tangible-Asset is ranked better than 70% of 1780
companies
in the Construction industry
Industry Median: 3.06
vs TPE:8926: 6.26
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 Cogeneration Return-on-Tangible-Asset Related Terms
Taiwan Cogeneration Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Taiwan Cogeneration'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:8926 vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Taiwan Cogeneration'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 Cogeneration Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Taiwan Cogeneration's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Taiwan Cogeneration'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 11.29% mean?
Taiwan Cogeneration (TPE:8926) has a Return-on-Tangible-Asset of 11.29% 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 Cogeneration and its competitors. This is 120% above median its historical median of 5.14. Over the past decade, Taiwan Cogeneration's Return-on-Tangible-Asset has ranged from 3.87 to 6.42. According to the industry distribution chart, Taiwan Cogeneration ranks #534 out of 1780 companies in the Construction industry, placing it in the top 30%.
Is Taiwan Cogeneration's Return-on-Tangible-Asset too high?
Taiwan Cogeneration's current Return-on-Tangible-Asset of 11.29% is 120% above median its 10-year median of 5.14. Over the past 10 years, this metric has ranged from a low of 3.87 to a high of 6.42. The Construction industry median Return-on-Tangible-Asset is 3.06. Taiwan Cogeneration's value of 11.29% is 269% above this industry median. Based on the distribution chart, Taiwan Cogeneration ranks #534 out of 1780 companies in the Construction industry, which is above the industry midpoint. Overall, Taiwan Cogeneration has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Cogeneration's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Taiwan Cogeneration ranks #534 out of 1780 companies for Return-on-Tangible-Asset. This puts Taiwan Cogeneration in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.06. Taiwan Cogeneration's value of 11.29% is 269% above this benchmark. Historically, Taiwan Cogeneration's own Return-on-Tangible-Asset has ranged from 3.87 to 6.42 over the past decade. While the company's 10-year median is 5.14 vs. the industry median of 3.06, Taiwan Cogeneration 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,780 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 Cogeneration's current Return-on-Tangible-Asset of 11.29% is 269% 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 Cogeneration and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Cogeneration's current Return-on-Tangible-Asset is 11.29%, which is 120% above median its own 10-year median of 5.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Cogeneration stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Cogeneration (TPE:8926) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$43.63, compared to a current price of NT$60.80 — trading 39.4% above its estimated fair value. The current Return-on-Tangible-Asset is 11.29%, which is 120% above median its 10-year median of 5.14 and 269% above the Construction industry median of 3.06. Taiwan Cogeneration's overall GF Score™ is 72/100 with 8 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 Cogeneration (TPE:8926), the current Return-on-Tangible-Asset is 11.29% 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 Cogeneration (TPE:8926) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Cogeneration stock appears to be overvalued.
The current stock price of NT$60.80 is trading 39.4% above its estimated GF Value™ of NT$43.63.
GuruFocus considers Taiwan Cogeneration to be Significantly Overvalued.
Key valuation signals for TPE:8926:
Return-on-Tangible-Asset: 11.29% (120% above median its 10-year median of 5.14)
GF Value™: NT$43.63 vs. price of NT$60.80 (39.4% above fair value)
Industry Position: 269% above the Construction median (#534 of 1780)
No single metric tells the full story. See the TPE:8926 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Cogeneration Corp is engaged in engineering, planning, design, procurement, installation, construction and financial planning of cogeneration systems, environmental protection and fuel procurement for cogeneration systems and related businesses. The Corporation also operates and manages cogeneration plants, provides research and development, technical and consultation services related to cogeneration, and manufactures, assembles, sells, leases, installs and repairs cogeneration equipment. In addition, it invests in cogeneration plants, trades related equipment, engages in power generation businesses other than utility, and performs electric equipment installation. Its revenues are generated from sales from cogeneration plants and revenue from consulting and construction services.
72GF Score
Get the complete analysis for TPE:8926
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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