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Globe Union IndustrialTPE:9934 74 Return-on-Tangible-Asset is 3.01% as of Mar. 2026, which is 39% above its 10-year median of 2.17. GuruFocus rates TPE:9934 with a GF Score™ of 74/100 and a GF Value™ of NT$12.19 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,781 Construction companies, Globe Union Industrial ranks worse than 74.85% 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. Globe Union Industrial's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$456 Mil. Globe Union Industrial's average total tangible assets for the quarter that ended in Mar. 2026 was NT$15,147 Mil. Therefore, Globe Union Industrial's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.01%.
The historical rank and industry rank for Globe Union Industrial's Return-on-Tangible-Asset or its related term are showing as below:
TPE:9934'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.67 Med: 2.17 Max: 5.61
Current: -0.18
During the past 13 years, Globe Union Industrial's highest Return-on-Tangible-Asset was 5.61%. The lowest was -5.67%. And the median was 2.17%.
TPE:9934's Return-on-Tangible-Asset is ranked worse than 74.85% of 1781
companies
in the Construction industry
Industry Median: 3.05
vs TPE:9934: -0.18
Globe Union Industrial (TPE:9934) 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.
Globe Union Industrial Return-on-Tangible-Asset Related Terms
Globe Union Industrial Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Globe Union Industrial'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.
Globe Union Industrial Return-on-Tangible-Asset Chart
TPE:9934 vs TT, JCI, CARR: Return-on-Tangible-Asset Comparison
For the Building Products & Equipment subindustry, Globe Union Industrial'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.
Globe Union Industrial Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Globe Union Industrial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Globe Union Industrial'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 3.01% mean?
Globe Union Industrial (TPE:9934) has a Return-on-Tangible-Asset of 3.01% 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 Globe Union Industrial and its competitors. This is 39% above median its historical median of 2.17. According to the industry distribution chart, Globe Union Industrial ranks #1333 out of 1781 companies in the Construction industry, placing it in the top 74.8%.
Is Globe Union Industrial's Return-on-Tangible-Asset too high?
Globe Union Industrial's current Return-on-Tangible-Asset of 3.01% is 39% above median its 10-year median of 2.17. The Construction industry median Return-on-Tangible-Asset is 3.05. Globe Union Industrial's value of 3.01% is 1.3% below this industry median. Based on the distribution chart, Globe Union Industrial ranks #1333 out of 1781 companies in the Construction industry, which is below the industry midpoint. Overall, Globe Union Industrial has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Globe Union Industrial's Return-on-Tangible-Asset compare to TT and JCI?
According to the Construction industry distribution chart, Globe Union Industrial ranks #1333 out of 1781 companies for Return-on-Tangible-Asset. This places Globe Union Industrial in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.05. Globe Union Industrial's value of 3.01% is 1.3% below this benchmark. While the company's 10-year median is 2.17 vs. the industry median of 3.05, Globe Union Industrial has consistently been below 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 3.05, based on 1,781 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. Globe Union Industrial's current Return-on-Tangible-Asset of 3.01% is 1.3% below 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 Globe Union Industrial and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Globe Union Industrial's current Return-on-Tangible-Asset is 3.01%, which is 39% above median its own 10-year median of 2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Globe Union Industrial stock overvalued right now?
Based on GuruFocus' analysis, Globe Union Industrial (TPE:9934) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$12.19, compared to a current price of NT$10.35 — trading 15.1% below its estimated fair value. The current Return-on-Tangible-Asset is 3.01%, which is 39% above median its 10-year median of 2.17 and 1.3% below the Construction industry median of 3.05. Globe Union Industrial's overall GF Score™ is 74/100 with 5 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 Globe Union Industrial (TPE:9934), the current Return-on-Tangible-Asset is 3.01% 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 Globe Union Industrial (TPE:9934) Overvalued in 2026?
Based on GuruFocus' analysis, Globe Union Industrial stock appears to be undervalued.
The current stock price of NT$10.35 is trading 15.1% below its estimated GF Value™ of NT$12.19.
GuruFocus considers Globe Union Industrial to be Modestly Undervalued.
Key valuation signals for TPE:9934:
Return-on-Tangible-Asset: 3.01% (39% above median its 10-year median of 2.17)
GF Value™: NT$12.19 vs. price of NT$10.35 (15.1% below fair value)
Industry Position: 1.3% below the Construction median (#1333 of 1781)
No single metric tells the full story. See the TPE:9934 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Globe Union Industrial Corp specializes in the manufacturing and sale of plumbing products. The main products of the company are faucets, showerheads, and vitreous china. It has two segments: Segment A: In charge of selling faucets and other plumbing products and providing related services. Segment B: In charge of manufacturing faucets and other plumbing products. The company operates through geographic segments which consist of Britain, Mainland China, United States, and Canada, and the majority of revenue comes from the United States segment.
74GF Score
Get the complete analysis for TPE:9934
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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