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United OrthopedicROCO:4129 -0.23%80 Return-on-Tangible-Equity is 15.35% as of Dec. 2025, which is 94% above its 10-year median of 7.91. GuruFocus rates ROCO:4129 with a GF Score™ of 80/100 and a GF Value™ of NT$124.89 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 758 Medical Devices & Instruments companies, United Orthopedic ranks better than 79.02% 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. United Orthopedic's annualized net income for the quarter that ended in Dec. 2025 was NT$524 Mil. United Orthopedic's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$3,413 Mil. Therefore, United Orthopedic's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 15.35%.
The historical rank and industry rank for United Orthopedic's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:4129'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.33 Med: 7.91 Max: 16.84
Current: 16.84
During the past 13 years, United Orthopedic's highest Return-on-Tangible-Equity was 16.84%. The lowest was 2.33%. And the median was 7.91%.
ROCO:4129's Return-on-Tangible-Equity is ranked better than 79.02% of 758
companies
in the Medical Devices & Instruments industry
Industry Median: 4.08
vs ROCO:4129: 16.84
United Orthopedic (ROCO:4129) 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.
United Orthopedic Return-on-Tangible-Equity Related Terms
United Orthopedic Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for United Orthopedic'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:4129 vs ABT, SYK, MDT: Return-on-Tangible-Equity Comparison
For the Medical Devices subindustry, United Orthopedic'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.
United Orthopedic Return-on-Tangible-Equity vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, United Orthopedic's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where United Orthopedic'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 15.35% mean?
United Orthopedic (ROCO:4129) has a Return-on-Tangible-Equity of 15.35% 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 United Orthopedic and its competitors. This is 94% above median its historical median of 7.91. Over the past decade, United Orthopedic's Return-on-Tangible-Equity has ranged from 2.33 to 16.84. According to the industry distribution chart, United Orthopedic ranks #159 out of 758 companies in the Medical Devices & Instruments industry, placing it in the top 21%.
Is United Orthopedic's Return-on-Tangible-Equity too high?
United Orthopedic's current Return-on-Tangible-Equity of 15.35% is 94% above median its 10-year median of 7.91. Over the past 10 years, this metric has ranged from a low of 2.33 to a high of 16.84. The Medical Devices & Instruments industry median Return-on-Tangible-Equity is 4.08. United Orthopedic's value of 15.35% is 276.2% above this industry median. Based on the distribution chart, United Orthopedic ranks #159 out of 758 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, United Orthopedic has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Orthopedic's Return-on-Tangible-Equity compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, United Orthopedic ranks #159 out of 758 companies for Return-on-Tangible-Equity. This places United Orthopedic in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.08. United Orthopedic's value of 15.35% is 276.2% above this benchmark. Historically, United Orthopedic's own Return-on-Tangible-Equity has ranged from 2.33 to 16.84 over the past decade. While the company's 10-year median is 7.91 vs. the industry median of 4.08, United Orthopedic 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Equity among Medical Devices & Instruments companies is 4.08, based on 758 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. United Orthopedic's current Return-on-Tangible-Equity of 15.35% is 276.2% 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 United Orthopedic and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Equity is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Orthopedic's current Return-on-Tangible-Equity is 15.35%, which is 94% above median its own 10-year median of 7.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Orthopedic stock overvalued right now?
Based on GuruFocus' analysis, United Orthopedic (ROCO:4129) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$124.89, compared to a current price of NT$88.10 — trading 29.5% below its estimated fair value. The current Return-on-Tangible-Equity is 15.35%, which is 94% above median its 10-year median of 7.91 and 276.2% above the Medical Devices & Instruments industry median of 4.08. United Orthopedic's overall GF Score™ is 80/100 with 3 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 United Orthopedic (ROCO:4129), the current Return-on-Tangible-Equity is 15.35% 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 United Orthopedic (ROCO:4129) Overvalued in 2026?
Based on GuruFocus' analysis, United Orthopedic stock appears to be undervalued.
The current stock price of NT$88.10 is trading 29.5% below its estimated GF Value™ of NT$124.89.
GuruFocus considers United Orthopedic to be Modestly Undervalued.
Key valuation signals for ROCO:4129:
Return-on-Tangible-Equity: 15.35% (94% above median its 10-year median of 7.91)
GF Value™: NT$124.89 vs. price of NT$88.10 (29.5% below fair value)
Industry Position: 276.2% above the Medical Devices & Instruments median (#159 of 758)
No single metric tells the full story. See the ROCO:4129 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Orthopedic Corp is engaged in the research, development, production, manufacturing, and sales of orthopedic implants, orthopedic surgical instruments and manufacturing equipment, special metal and plastics materials, as well as the import and export of the aforementioned products. Its products include Hip System, Knee System, and Limb Salvage.
80GF Score
Get the complete analysis for ROCO:4129
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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