TTM TechnologiesMEX:TTMI 50 Return-on-Tangible-Equity is 20.43% as of Mar. 2026, which is 4% above its 10-year median of 19.71. GuruFocus rates MEX:TTMI with a GF Score™ of 50/100 and a GF Value™ of MXN676.50 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,376 Hardware companies, TTM Technologies ranks better than 88.3% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. TTM Technologies's annualized net income for the quarter that ended in Mar. 2026 was MXN3,606 Mil. TTM Technologies's average shareholder tangible equity for the quarter that ended in Mar. 2026 was MXN17,651 Mil. Therefore, TTM Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 20.43%.
The historical rank and industry rank for TTM Technologies's Return-on-Tangible-Equity or its related term are showing as below:
MEX:TTMI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.54 Med: 19.71 Max: 56
Current: 22.42
During the past 13 years, TTM Technologies's highest Return-on-Tangible-Equity was 56.00%. The lowest was -3.54%. And the median was 19.71%.
MEX:TTMI's Return-on-Tangible-Equity is ranked better than 88.3% of 2376
companies
in the Hardware industry
Industry Median: 5.265
vs MEX:TTMI: 22.42
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
TTM Technologies Return-on-Tangible-Equity Related Terms
TTM Technologies Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TTM Technologies's Return-on-Tangible-Equity 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.
MEX:TTMI vs FN, VICR, SANM: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, TTM Technologies's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
TTM Technologies Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, TTM Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TTM Technologies's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 20.43% mean?
TTM Technologies (MEX:TTMI) has a Return-on-Tangible-Equity of 20.43% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TTM Technologies and its competitors. This is near median its historical median of 19.71. According to the industry distribution chart, TTM Technologies ranks #278 out of 2376 companies in the Hardware industry, placing it in the top 11.7%.
Is TTM Technologies' Return-on-Tangible-Equity too high?
TTM Technologies' current Return-on-Tangible-Equity of 20.43% is near median its 10-year median of 19.71. The Hardware industry median Return-on-Tangible-Equity is 5.27. TTM Technologies' value of 20.43% is 288% above this industry median. Based on the distribution chart, TTM Technologies ranks #278 out of 2376 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, TTM Technologies has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TTM Technologies' Return-on-Tangible-Equity compare to FN and VICR?
According to the Hardware industry distribution chart, TTM Technologies ranks #278 out of 2376 companies for Return-on-Tangible-Equity. This places TTM Technologies in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.27. TTM Technologies' value of 20.43% is 288% above this benchmark. While the company's 10-year median is 19.71 vs. the industry median of 5.27, TTM Technologies 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-Equity for a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.27, based on 2,376 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TTM Technologies's current Return-on-Tangible-Equity of 20.43% is 288% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TTM Technologies and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TTM Technologies's current Return-on-Tangible-Equity is 20.43%, which is near median its own 10-year median of 19.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TTM Technologies stock overvalued right now?
Based on GuruFocus' analysis, TTM Technologies (MEX:TTMI) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN676.50, compared to a current price of MXN3,538.60 — trading 423.1% above its estimated fair value. The current Return-on-Tangible-Equity is 20.43%, which is near median its 10-year median of 19.71 and 288% above the Hardware industry median of 5.27. TTM Technologies' overall GF Score™ is 50/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For TTM Technologies (MEX:TTMI), the current Return-on-Tangible-Equity is 20.43% 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 TTM Technologies (MEX:TTMI) Overvalued in 2026?
Based on GuruFocus' analysis, TTM Technologies stock appears to be overvalued.
The current stock price of MXN3,538.60 is trading 423.1% above its estimated GF Value™ of MXN676.50.
GuruFocus considers TTM Technologies to be Significantly Overvalued.
Key valuation signals for MEX:TTMI:
Return-on-Tangible-Equity: 20.43% (near median its 10-year median of 19.71)
GF Value™: MXN676.50 vs. price of MXN3,538.60 (423.1% above fair value)
Industry Position: 288% above the Hardware median (#278 of 2376)
No single metric tells the full story. See the MEX:TTMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TTM Technologies Inc manufactures technology products, including mission systems, RF components, RF/microwave assemblies, and advanced interconnect products such as PCBs and substrates. It operates through three segments: A&D, Commercial, and RF&S Components. The A&D segment supports aerospace and defense missions with PCBs, assemblies, microelectronics, and integrated systems. The Commercial segment, generating the majority of revenue, serves automotive, medical, industrial, and data center markets. The RF&S Components segment provides TTM-designed RF components and COTS products. The Company's revenues come from PCBs, engineered systems, and long-term contracts for intelligence, surveillance, and communications solutions.
50GF Score
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