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ICP DAS CoROCO:3577 +10.00%75 Return-on-Tangible-Equity is 12.06% as of Dec. 2025, which is 21% above its 10-year median of 9.93. GuruFocus rates ROCO:3577 with a GF Score™ of 75/100 and a GF Value™ of NT$68.27 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,383 Hardware companies, ICP DAS Co ranks better than 70.25% 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. ICP DAS Co's annualized net income for the quarter that ended in Dec. 2025 was NT$164 Mil. ICP DAS Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$1,360 Mil. Therefore, ICP DAS Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 12.06%.
The historical rank and industry rank for ICP DAS Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:3577'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.07 Med: 9.93 Max: 19.43
Current: 11.28
During the past 13 years, ICP DAS Co's highest Return-on-Tangible-Equity was 19.43%. The lowest was 4.07%. And the median was 9.93%.
ROCO:3577's Return-on-Tangible-Equity is ranked better than 70.25% of 2383
companies
in the Hardware industry
Industry Median: 5.34
vs ROCO:3577: 11.28
ICP DAS Co (ROCO:3577) 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.
ICP DAS Co Return-on-Tangible-Equity Related Terms
ICP DAS Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ICP DAS 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.
ROCO:3577 vs CSCO, CIEN, MSI: Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, ICP DAS 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.
ICP DAS Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, ICP DAS Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ICP DAS 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 12.06% mean?
ICP DAS Co (ROCO:3577) has a Return-on-Tangible-Equity of 12.06% 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 ICP DAS Co and its competitors. This is 21% above median its historical median of 9.93. Over the past decade, ICP DAS Co's Return-on-Tangible-Equity has ranged from 4.07 to 19.43. According to the industry distribution chart, ICP DAS Co ranks #709 out of 2383 companies in the Hardware industry, placing it in the top 29.8%.
Is ICP DAS Co's Return-on-Tangible-Equity too high?
ICP DAS Co's current Return-on-Tangible-Equity of 12.06% is 21% above median its 10-year median of 9.93. Over the past 10 years, this metric has ranged from a low of 4.07 to a high of 19.43. The Hardware industry median Return-on-Tangible-Equity is 5.34. ICP DAS Co's value of 12.06% is 125.8% above this industry median. Based on the distribution chart, ICP DAS Co ranks #709 out of 2383 companies in the Hardware industry, which is above the industry midpoint. Overall, ICP DAS Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ICP DAS Co's Return-on-Tangible-Equity compare to CSCO and CIEN?
According to the Hardware industry distribution chart, ICP DAS Co ranks #709 out of 2383 companies for Return-on-Tangible-Equity. This puts ICP DAS Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.34. ICP DAS Co's value of 12.06% is 125.8% above this benchmark. Historically, ICP DAS Co's own Return-on-Tangible-Equity has ranged from 4.07 to 19.43 over the past decade. While the company's 10-year median is 9.93 vs. the industry median of 5.34, ICP DAS 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-Equity for a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.34, based on 2,383 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. ICP DAS Co's current Return-on-Tangible-Equity of 12.06% is 125.8% 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 ICP DAS Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICP DAS Co's current Return-on-Tangible-Equity is 12.06%, which is 21% above median its own 10-year median of 9.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICP DAS Co stock overvalued right now?
Based on GuruFocus' analysis, ICP DAS Co (ROCO:3577) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$68.27, compared to a current price of NT$143.00 — trading 109.5% above its estimated fair value. The current Return-on-Tangible-Equity is 12.06%, which is 21% above median its 10-year median of 9.93 and 125.8% above the Hardware industry median of 5.34. ICP DAS Co's overall GF Score™ is 75/100 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 ICP DAS Co (ROCO:3577), the current Return-on-Tangible-Equity is 12.06% 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 ICP DAS Co (ROCO:3577) Overvalued in 2026?
Based on GuruFocus' analysis, ICP DAS Co stock appears to be overvalued.
The current stock price of NT$143.00 is trading 109.5% above its estimated GF Value™ of NT$68.27.
GuruFocus considers ICP DAS Co to be Significantly Overvalued.
Key valuation signals for ROCO:3577:
Return-on-Tangible-Equity: 12.06% (21% above median its 10-year median of 9.93)
GF Value™: NT$68.27 vs. price of NT$143.00 (109.5% above fair value)
Industry Position: 125.8% above the Hardware median (#709 of 2383)
No single metric tells the full story. See the ROCO:3577 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICP DAS Co Ltd is a Taiwan based company engaged in the production and sale of industrial computer hardware, software and peripheral equipment. Its products include programmable automation controllers, PC based I/O boards, machine automation products, industrial communication products, wireless modems, intelligent power meters and others. The company also geographically operates in Taiwan, Mainland China, United States, Germany, UAE and Others. It derives maximum revenue from Taiwan.
75GF Score
Get the complete analysis for ROCO:3577
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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