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Cherng Tay Technology CoROCO:4767 -0.37%82 Return-on-Tangible-Equity is 8.67% as of Dec. 2025, which is 7% above its 10-year median of 8.09. GuruFocus rates ROCO:4767 with a GF Score™ of 82/100 and a GF Value™ of NT$23.60 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,570 Chemicals companies, Cherng Tay Technology Co ranks worse than 58.28% 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. Cherng Tay Technology Co's annualized net income for the quarter that ended in Dec. 2025 was NT$79.1 Mil. Cherng Tay Technology Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$912.7 Mil. Therefore, Cherng Tay Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 8.67%.
The historical rank and industry rank for Cherng Tay Technology Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:4767'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.13 Med: 8.09 Max: 11
Current: 4.28
During the past 13 years, Cherng Tay Technology Co's highest Return-on-Tangible-Equity was 11.00%. The lowest was 4.13%. And the median was 8.09%.
ROCO:4767's Return-on-Tangible-Equity is ranked worse than 58.28% of 1570
companies
in the Chemicals industry
Industry Median: 5.78
vs ROCO:4767: 4.28
Cherng Tay Technology Co (ROCO:4767) 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.
Cherng Tay Technology Co Return-on-Tangible-Equity Related Terms
Cherng Tay Technology Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Cherng Tay Technology 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.
Cherng Tay Technology Co Return-on-Tangible-Equity Chart
ROCO:4767 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Cherng Tay Technology 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.
Cherng Tay Technology Co Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Cherng Tay Technology Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cherng Tay Technology 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 8.67% mean?
Cherng Tay Technology Co (ROCO:4767) has a Return-on-Tangible-Equity of 8.67% 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 Cherng Tay Technology Co and its competitors. This is near median its historical median of 8.09. Over the past decade, Cherng Tay Technology Co's Return-on-Tangible-Equity has ranged from 4.13 to 11.00. According to the industry distribution chart, Cherng Tay Technology Co ranks #915 out of 1570 companies in the Chemicals industry, placing it in the top 58.3%.
Is Cherng Tay Technology Co's Return-on-Tangible-Equity too high?
Cherng Tay Technology Co's current Return-on-Tangible-Equity of 8.67% is near median its 10-year median of 8.09. Over the past 10 years, this metric has ranged from a low of 4.13 to a high of 11.00. The Chemicals industry median Return-on-Tangible-Equity is 5.78. Cherng Tay Technology Co's value of 8.67% is 50% above this industry median. Based on the distribution chart, Cherng Tay Technology Co ranks #915 out of 1570 companies in the Chemicals industry, which is below the industry midpoint. Overall, Cherng Tay Technology Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cherng Tay Technology Co's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Cherng Tay Technology Co ranks #915 out of 1570 companies for Return-on-Tangible-Equity. This places Cherng Tay Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.78. Cherng Tay Technology Co's value of 8.67% is 50% above this benchmark. Historically, Cherng Tay Technology Co's own Return-on-Tangible-Equity has ranged from 4.13 to 11.00 over the past decade. While the company's 10-year median is 8.09 vs. the industry median of 5.78, Cherng Tay Technology 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.78, based on 1,570 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. Cherng Tay Technology Co's current Return-on-Tangible-Equity of 8.67% is 50% 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 Cherng Tay Technology Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cherng Tay Technology Co's current Return-on-Tangible-Equity is 8.67%, which is near median its own 10-year median of 8.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cherng Tay Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Cherng Tay Technology Co (ROCO:4767) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$23.60, compared to a current price of NT$27.10 — trading 14.8% above its estimated fair value. The current Return-on-Tangible-Equity is 8.67%, which is near median its 10-year median of 8.09 and 50% above the Chemicals industry median of 5.78. Cherng Tay Technology Co's overall GF Score™ is 82/100 with 5 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 Cherng Tay Technology Co (ROCO:4767), the current Return-on-Tangible-Equity is 8.67% 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 Cherng Tay Technology Co (ROCO:4767) Overvalued in 2026?
Based on GuruFocus' analysis, Cherng Tay Technology Co stock appears to be overvalued.
The current stock price of NT$27.10 is trading 14.8% above its estimated GF Value™ of NT$23.60.
GuruFocus considers Cherng Tay Technology Co to be Modestly Overvalued.
Key valuation signals for ROCO:4767:
Return-on-Tangible-Equity: 8.67% (near median its 10-year median of 8.09)
GF Value™: NT$23.60 vs. price of NT$27.10 (14.8% above fair value)
Industry Position: 50% above the Chemicals median (#915 of 1570)
No single metric tells the full story. See the ROCO:4767 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cherng Tay Technology Co Ltd is mainly engaged in the manufacturing and sale of adhesives. The Company develops hot melt adhesives and waterproofing materials, with core technologies in environmentally friendly hot melt adhesives, adhesives, waterproofing films, and waterproofing glues. These products are used in the packaging, bookmaking, footwear and waterproofing industries. The Group operates in Taiwan, Mainland China, which generates maximum revenue, India, Indonesia and Vietnam.
82GF Score
Get the complete analysis for ROCO:4767
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