Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Chung Hwa Food Industrial CoROCO:4205 -0.98%91 Return-on-Tangible-Equity is 19.89% as of Dec. 2025, which is 5% above its 10-year median of 19.02. GuruFocus rates ROCO:4205 with a GF Score™ of 91/100 and a GF Value™ of NT$92.53 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,881 Consumer Packaged Goods companies, Chung Hwa Food Industrial Co ranks better than 77.41% 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. Chung Hwa Food Industrial Co's annualized net income for the quarter that ended in Dec. 2025 was NT$451 Mil. Chung Hwa Food Industrial Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$2,270 Mil. Therefore, Chung Hwa Food Industrial Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 19.89%.
The historical rank and industry rank for Chung Hwa Food Industrial Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:4205'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 16.75 Med: 19.02 Max: 21.5
Current: 18.48
During the past 13 years, Chung Hwa Food Industrial Co's highest Return-on-Tangible-Equity was 21.50%. The lowest was 16.75%. And the median was 19.02%.
ROCO:4205's Return-on-Tangible-Equity is ranked better than 77.41% of 1881
companies
in the Consumer Packaged Goods industry
Industry Median: 7.78
vs ROCO:4205: 18.48
Chung Hwa Food Industrial Co (ROCO:4205) 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.
Chung Hwa Food Industrial Co Return-on-Tangible-Equity Related Terms
Chung Hwa Food Industrial Co Return-on-Tangible-Equity Historical Data
* 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.
Chung Hwa Food Industrial Co Return-on-Tangible-Equity Chart
ROCO:4205 vs KHC, GIS: Return-on-Tangible-Equity Comparison
For the Packaged Foods subindustry, Chung Hwa Food Industrial 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.
Chung Hwa Food Industrial Co Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Chung Hwa Food Industrial Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Chung Hwa Food Industrial 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 19.89% mean?
Chung Hwa Food Industrial Co (ROCO:4205) has a Return-on-Tangible-Equity of 19.89% 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 Chung Hwa Food Industrial Co and its competitors. This is near median its historical median of 19.02. Over the past decade, Chung Hwa Food Industrial Co's Return-on-Tangible-Equity has ranged from 16.75 to 21.50. According to the industry distribution chart, Chung Hwa Food Industrial Co ranks #425 out of 1881 companies in the Consumer Packaged Goods industry, placing it in the top 22.6%.
Is Chung Hwa Food Industrial Co's Return-on-Tangible-Equity too high?
Chung Hwa Food Industrial Co's current Return-on-Tangible-Equity of 19.89% is near median its 10-year median of 19.02. Over the past 10 years, this metric has ranged from a low of 16.75 to a high of 21.50. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 7.78. Chung Hwa Food Industrial Co's value of 19.89% is 155.7% above this industry median. Based on the distribution chart, Chung Hwa Food Industrial Co ranks #425 out of 1881 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Chung Hwa Food Industrial Co has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chung Hwa Food Industrial Co's Return-on-Tangible-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Chung Hwa Food Industrial Co ranks #425 out of 1881 companies for Return-on-Tangible-Equity. This places Chung Hwa Food Industrial Co in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.78. Chung Hwa Food Industrial Co's value of 19.89% is 155.7% above this benchmark. Historically, Chung Hwa Food Industrial Co's own Return-on-Tangible-Equity has ranged from 16.75 to 21.50 over the past decade. While the company's 10-year median is 19.02 vs. the industry median of 7.78, Chung Hwa Food Industrial 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.78, based on 1,881 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. Chung Hwa Food Industrial Co's current Return-on-Tangible-Equity of 19.89% is 155.7% 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 Chung Hwa Food Industrial Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chung Hwa Food Industrial Co's current Return-on-Tangible-Equity is 19.89%, which is near median its own 10-year median of 19.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chung Hwa Food Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Chung Hwa Food Industrial Co (ROCO:4205) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$92.53, compared to a current price of NT$70.50 — trading 23.8% below its estimated fair value. The current Return-on-Tangible-Equity is 19.89%, which is near median its 10-year median of 19.02 and 155.7% above the Consumer Packaged Goods industry median of 7.78. Chung Hwa Food Industrial Co's overall GF Score™ is 91/100 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 Chung Hwa Food Industrial Co (ROCO:4205), the current Return-on-Tangible-Equity is 19.89% 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 Chung Hwa Food Industrial Co (ROCO:4205) Overvalued in 2026?
Based on GuruFocus' analysis, Chung Hwa Food Industrial Co stock appears to be undervalued.
The current stock price of NT$70.50 is trading 23.8% below its estimated GF Value™ of NT$92.53.
GuruFocus considers Chung Hwa Food Industrial Co to be Modestly Undervalued.
Key valuation signals for ROCO:4205:
Return-on-Tangible-Equity: 19.89% (near median its 10-year median of 19.02)
GF Value™: NT$92.53 vs. price of NT$70.50 (23.8% below fair value)
Industry Position: 155.7% above the Consumer Packaged Goods median (#425 of 1881)
No single metric tells the full story. See the ROCO:4205 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chung Hwa Food Industrial Co Ltd is a manufacturing, processing, and trading of various soy products (tofu, tofu pudding, dried tofu, and soy milk), fruit juice, canned food, and oil products; export of said products; the agency for bidding for and distribution of said products from domestic and foreign manufacturers.
91GF Score
Get the complete analysis for ROCO:4205
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:4205 has been successfully added to your 
