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Joy Industrial CoROCO:4559 -1.58%58 Return-on-Tangible-Equity is 7.70% as of Dec. 2025, which is 225% above its 10-year median of 2.37. GuruFocus rates ROCO:4559 with a GF Score™ of 58/100 and a GF Value™ of NT$8.13 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,283 Vehicles & Parts companies, Joy Industrial Co ranks worse than 74.05% 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. Joy Industrial Co's annualized net income for the quarter that ended in Dec. 2025 was NT$47 Mil. Joy Industrial Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$605 Mil. Therefore, Joy Industrial Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 7.70%.
The historical rank and industry rank for Joy Industrial Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:4559'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.39 Med: 2.37 Max: 13.15
Current: 1.7
During the past 13 years, Joy Industrial Co's highest Return-on-Tangible-Equity was 13.15%. The lowest was -16.39%. And the median was 2.37%.
ROCO:4559's Return-on-Tangible-Equity is ranked worse than 74.05% of 1283
companies
in the Vehicles & Parts industry
Industry Median: 7.58
vs ROCO:4559: 1.70
Joy Industrial Co (ROCO:4559) 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.
Joy Industrial Co Return-on-Tangible-Equity Related Terms
Joy Industrial Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Joy Industrial 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:4559 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Joy 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.
Joy Industrial Co Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Joy Industrial Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Joy 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 two times the semi-annual (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 7.70% mean?
Joy Industrial Co (ROCO:4559) has a Return-on-Tangible-Equity of 7.70% 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 Joy Industrial Co and its competitors. This is 225% above median its historical median of 2.37. According to the industry distribution chart, Joy Industrial Co ranks #950 out of 1283 companies in the Vehicles & Parts industry, placing it in the top 74%.
Is Joy Industrial Co's Return-on-Tangible-Equity too high?
Joy Industrial Co's current Return-on-Tangible-Equity of 7.70% is 225% above median its 10-year median of 2.37. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.58. Joy Industrial Co's value of 7.70% is 1.6% above this industry median. Based on the distribution chart, Joy Industrial Co ranks #950 out of 1283 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Joy Industrial Co has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Joy Industrial Co's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Joy Industrial Co ranks #950 out of 1283 companies for Return-on-Tangible-Equity. This places Joy Industrial Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.58. Joy Industrial Co's value of 7.70% is 1.6% above this benchmark. While the company's 10-year median is 2.37 vs. the industry median of 7.58, Joy 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.58, based on 1,283 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. Joy Industrial Co's current Return-on-Tangible-Equity of 7.70% is 1.6% 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 Joy Industrial Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Joy Industrial Co's current Return-on-Tangible-Equity is 7.70%, which is 225% above median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joy Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Joy Industrial Co (ROCO:4559) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$8.13, compared to a current price of NT$9.35 — trading 15% above its estimated fair value. The current Return-on-Tangible-Equity is 7.70%, which is 225% above median its 10-year median of 2.37 and 1.6% above the Vehicles & Parts industry median of 7.58. Joy Industrial Co's overall GF Score™ is 58/100 with 8 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 Joy Industrial Co (ROCO:4559), the current Return-on-Tangible-Equity is 7.70% 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 Joy Industrial Co (ROCO:4559) Overvalued in 2026?
Based on GuruFocus' analysis, Joy Industrial Co stock appears to be overvalued.
The current stock price of NT$9.35 is trading 15% above its estimated GF Value™ of NT$8.13.
GuruFocus considers Joy Industrial Co to be Modestly Overvalued.
Key valuation signals for ROCO:4559:
Return-on-Tangible-Equity: 7.70% (225% above median its 10-year median of 2.37)
GF Value™: NT$8.13 vs. price of NT$9.35 (15% above fair value)
Industry Position: 1.6% above the Vehicles & Parts median (#950 of 1283)
No single metric tells the full story. See the ROCO:4559 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Joy Industrial Co Ltd is engaged in manufacturing, developing, and selling related products for bicycles, and motorcycle parts, as well as operating related businesses. The company's products include hubs and wheelset series. It generates the majority of its revenue in China followed by Taiwan, Europe, and others.
58GF Score
Get the complete analysis for ROCO:4559
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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