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. Honyi International Co's annualized net income for the quarter that ended in Dec. 2025 was NT$104.4 Mil. Honyi International Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$314.9 Mil. Therefore, Honyi International Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 33.17%.
The historical rank and industry rank for Honyi International Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:4530'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -38.56 Med: -7.23 Max: 52.47
Current: 3.66
During the past 13 years, Honyi International Co's highest Return-on-Tangible-Equity was 52.47%. The lowest was -38.56%. And the median was -7.23%.
ROCO:4530's Return-on-Tangible-Equity is ranked worse than 62.47% of 2968
companies
in the Industrial Products industry
Industry Median: 6.72
vs ROCO:4530: 3.66
Honyi International Co (ROCO:4530) 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.
Honyi International Co Return-on-Tangible-Equity Related Terms
Honyi International Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Honyi International 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.
Honyi International Co Return-on-Tangible-Equity Chart
ROCO:4530 vs CRS, ATI, MLI: Return-on-Tangible-Equity Comparison
For the Metal Fabrication subindustry, Honyi International 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.
Honyi International Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Honyi International Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Honyi International 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 33.17% mean?
Honyi International Co (ROCO:4530) has a Return-on-Tangible-Equity of 33.17% 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 Honyi International Co and its competitors. According to the industry distribution chart, Honyi International Co ranks #1854 out of 2968 companies in the Industrial Products industry, placing it in the top 62.5%.
Is Honyi International Co's Return-on-Tangible-Equity too high?
Honyi International Co's current Return-on-Tangible-Equity is 33.17%. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Honyi International Co's value of 33.17% is 393.6% above this industry median. Based on the distribution chart, Honyi International Co ranks #1854 out of 2968 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Honyi International Co has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Honyi International Co's Return-on-Tangible-Equity compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Honyi International Co ranks #1854 out of 2968 companies for Return-on-Tangible-Equity. This places Honyi International Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.72. Honyi International Co's value of 33.17% is 393.6% above 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,968 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. Honyi International Co's current Return-on-Tangible-Equity of 33.17% is 393.6% 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 Honyi International Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honyi International Co's current Return-on-Tangible-Equity is 33.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honyi International Co stock overvalued right now?
Based on GuruFocus' analysis, Honyi International Co (ROCO:4530) is currently considered Possible Value Trap. The stock's GF Value™ is NT$41.18, compared to a current price of NT$25.60 — trading 37.8% below its estimated fair value. The current Return-on-Tangible-Equity is 33.17% and 393.6% above the Industrial Products industry median of 6.72. Honyi International Co's overall GF Score™ is 64/100 with 1 warning sign 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 Honyi International Co (ROCO:4530), the current Return-on-Tangible-Equity is 33.17% 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 Honyi International Co (ROCO:4530) Overvalued in 2026?
Based on GuruFocus' analysis, Honyi International Co stock appears to be undervalued.
The current stock price of NT$25.60 is trading 37.8% below its estimated GF Value™ of NT$41.18.
GuruFocus considers Honyi International Co to be Possible Value Trap.
Key valuation signals for ROCO:4530:
Return-on-Tangible-Equity: 33.17%
GF Value™: NT$41.18 vs. price of NT$25.60 (37.8% below fair value)
Industry Position: 393.6% above the Industrial Products median (#1854 of 2968)
No single metric tells the full story. See the ROCO:4530 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honyi International Co Ltd is engaged in processing and trading of metal forging, treatment of wastewater and sewage, wholesale of industrial additives, and construction of environmental protection engineering projects. Its segments include catering segment, metal forging and processing segment, environmental engineering segment, and other segments. The majority of the revenue is derived from the environmental engineering segment.
64GF Score
Get the complete analysis for ROCO:4530
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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