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Kwang Ming Silk Mill CoROCO:4420 -1.42%64 Return-on-Tangible-Equity is 3.22% as of Dec. 2025, which is 59% below its 10-year median of 7.76. GuruFocus rates ROCO:4420 with a GF Score™ of 64/100 and a GF Value™ of NT$75.40 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,017 Manufacturing - Apparel & Accessories companies, Kwang Ming Silk Mill Co ranks better than 80.73% 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. Kwang Ming Silk Mill Co's annualized net income for the quarter that ended in Dec. 2025 was NT$48 Mil. Kwang Ming Silk Mill Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$1,502 Mil. Therefore, Kwang Ming Silk Mill Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 3.22%.
The historical rank and industry rank for Kwang Ming Silk Mill Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:4420'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.45 Med: 7.76 Max: 103.05
Current: 14.92
During the past 13 years, Kwang Ming Silk Mill Co's highest Return-on-Tangible-Equity was 103.05%. The lowest was -2.45%. And the median was 7.76%.
ROCO:4420's Return-on-Tangible-Equity is ranked better than 80.73% of 1017
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs ROCO:4420: 14.92
Kwang Ming Silk Mill Co (ROCO:4420) 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.
Kwang Ming Silk Mill Co Return-on-Tangible-Equity Related Terms
Kwang Ming Silk Mill Co Return-on-Tangible-Equity Historical Data
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The historical data trend for Kwang Ming Silk Mill 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.
Kwang Ming Silk Mill Co Return-on-Tangible-Equity Chart
Kwang Ming Silk Mill Co Return-on-Tangible-Equity Competitor Comparison
For the Textile Manufacturing subindustry, Kwang Ming Silk Mill 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.
Kwang Ming Silk Mill Co Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kwang Ming Silk Mill Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kwang Ming Silk Mill 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 3.22% mean?
Kwang Ming Silk Mill Co (ROCO:4420) has a Return-on-Tangible-Equity of 3.22% 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 Kwang Ming Silk Mill Co and its competitors. This is 59% below median its historical median of 7.76. According to the industry distribution chart, Kwang Ming Silk Mill Co ranks #196 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 19.3%.
Is Kwang Ming Silk Mill Co's Return-on-Tangible-Equity too high?
Kwang Ming Silk Mill Co's current Return-on-Tangible-Equity of 3.22% is 59% below median its 10-year median of 7.76. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Kwang Ming Silk Mill Co's value of 3.22% is 27.3% below this industry median. Based on the distribution chart, Kwang Ming Silk Mill Co ranks #196 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Kwang Ming Silk Mill Co has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kwang Ming Silk Mill Co's Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kwang Ming Silk Mill Co ranks #196 out of 1017 companies for Return-on-Tangible-Equity. This places Kwang Ming Silk Mill Co in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.43. Kwang Ming Silk Mill Co's value of 3.22% is 27.3% below this benchmark. While the company's 10-year median is 7.76 vs. the industry median of 4.43, Kwang Ming Silk Mill Co has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,017 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. Kwang Ming Silk Mill Co's current Return-on-Tangible-Equity of 3.22% is 27.3% 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 Kwang Ming Silk Mill Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kwang Ming Silk Mill Co's current Return-on-Tangible-Equity is 3.22%, which is 59% below median its own 10-year median of 7.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kwang Ming Silk Mill Co stock overvalued right now?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co (ROCO:4420) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$75.40, compared to a current price of NT$34.75 — trading 53.9% below its estimated fair value. The current Return-on-Tangible-Equity is 3.22%, which is 59% below median its 10-year median of 7.76 and 27.3% below the Manufacturing - Apparel & Accessories industry median of 4.43. Kwang Ming Silk Mill Co's overall GF Score™ is 64/100 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 Kwang Ming Silk Mill Co (ROCO:4420), the current Return-on-Tangible-Equity is 3.22% 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 Kwang Ming Silk Mill Co (ROCO:4420) Overvalued in 2026?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co stock appears to be undervalued.
The current stock price of NT$34.75 is trading 53.9% below its estimated GF Value™ of NT$75.40.
GuruFocus considers Kwang Ming Silk Mill Co to be Significantly Undervalued.
Key valuation signals for ROCO:4420:
Return-on-Tangible-Equity: 3.22% (59% below median its 10-year median of 7.76)
GF Value™: NT$75.40 vs. price of NT$34.75 (53.9% below fair value)
Industry Position: 27.3% below the Manufacturing - Apparel & Accessories median (#196 of 1017)
No single metric tells the full story. See the ROCO:4420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kwang Ming Silk Mill Co Ltd is mainly engaged in the textile industry, including the manufacture of man-made fibers, dyeing and weaving of fabrics, and the purchase and sale of raw materials, supplies, and finished goods related to fabrics. The Company is also involved in real estate leasing, as well as industrial factory development and rental. It operates through two reportable segments: the Fiber segment, which generates the maximum revenue and is engaged in the manufacture and trading of textured yarn, and the Real Estate Development segment, which focuses on housing, commercial buildings, and factory development and rental.
64GF Score
Get the complete analysis for ROCO:4420
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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