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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. Higher Way Electronic Co's annualized net income for the quarter that ended in Dec. 2025 was NT$8.0 Mil. Higher Way Electronic Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$472.4 Mil. Therefore, Higher Way Electronic Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 1.70%.
The historical rank and industry rank for Higher Way Electronic Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:3268'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -11.23 Med: -2.44 Max: 10.83
Current: -9.3
During the past 13 years, Higher Way Electronic Co's highest Return-on-Tangible-Equity was 10.83%. The lowest was -11.23%. And the median was -2.44%.
ROCO:3268's Return-on-Tangible-Equity is ranked worse than 79.09% of 985
companies
in the Semiconductors industry
Industry Median: 5.31
vs ROCO:3268: -9.30
Higher Way Electronic Co (ROCO:3268) Return-on-Tangible-Equity Explanation
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.
Higher Way Electronic Co Return-on-Tangible-Equity Related Terms
Higher Way Electronic Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Higher Way Electronic Co'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.
Higher Way Electronic Co Return-on-Tangible-Equity Chart
ROCO:3268 vs NVDA, AVGO, MU: Return-on-Tangible-Equity Comparison
For the Semiconductors subindustry, Higher Way Electronic Co'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.
Higher Way Electronic Co Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Higher Way Electronic Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Higher Way Electronic Co'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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 1.70% mean?
Higher Way Electronic Co (ROCO:3268) has a Return-on-Tangible-Equity of 1.70% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Higher Way Electronic Co and its competitors. According to the industry distribution chart, Higher Way Electronic Co ranks #779 out of 985 companies in the Semiconductors industry, placing it in the top 79.1%.
Is Higher Way Electronic Co's Return-on-Tangible-Equity too high?
Higher Way Electronic Co's current Return-on-Tangible-Equity is 1.70%. The Semiconductors industry median Return-on-Tangible-Equity is 5.31. Higher Way Electronic Co's value of 1.70% is 68% below this industry median. Based on the distribution chart, Higher Way Electronic Co ranks #779 out of 985 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Higher Way Electronic Co has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Higher Way Electronic Co's Return-on-Tangible-Equity compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Higher Way Electronic Co ranks #779 out of 985 companies for Return-on-Tangible-Equity. This places Higher Way Electronic Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.31. Higher Way Electronic Co's value of 1.70% is 68% below this benchmark. 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 Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.31, based on 985 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. Higher Way Electronic Co's current Return-on-Tangible-Equity of 1.70% is 68% 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-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 Higher Way Electronic Co and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Higher Way Electronic Co's current Return-on-Tangible-Equity is 1.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Higher Way Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Higher Way Electronic Co (ROCO:3268) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.71, compared to a current price of NT$19.95 — trading 3.7% below its estimated fair value. The current Return-on-Tangible-Equity is 1.70% and 68% below the Semiconductors industry median of 5.31. Higher Way Electronic Co's overall GF Score™ is 54/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Higher Way Electronic Co (ROCO:3268), the current Return-on-Tangible-Equity is 1.70% as of Dec. 2025. 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 Higher Way Electronic Co (ROCO:3268) Overvalued in 2026?
Based on GuruFocus' analysis, Higher Way Electronic Co stock appears to be undervalued.
The current stock price of NT$19.95 is trading 3.7% below its estimated GF Value™ of NT$20.71.
GuruFocus considers Higher Way Electronic Co to be Fairly Valued.
Key valuation signals for ROCO:3268:
Return-on-Tangible-Equity: 1.70%
GF Value™: NT$20.71 vs. price of NT$19.95 (3.7% below fair value)
Industry Position: 68% below the Semiconductors median (#779 of 985)
No single metric tells the full story. See the ROCO:3268 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Higher Way Electronic Co Ltd is engaged in providing IC chip integration services and embedded system. Its products include multi-media controller ICs, speech, and music ICs, memory device ICs, optoelectronic devices, LCD controller ICs, and others.
54GF Score
Get the complete analysis for ROCO:3268
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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