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Taiwan Special ChemicalsROCO:4772 -7.18%64 Return-on-Tangible-Equity is 58.07% as of Mar. 2026, which is 357% above its 10-year median of 12.72. GuruFocus rates ROCO:4772 with a GF Score™ of 64/100 and a GF Value™ of NT$685.27 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 1,570 Chemicals companies, Taiwan Special Chemicals ranks better than 95.86% 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. Taiwan Special Chemicals's annualized net income for the quarter that ended in Mar. 2026 was NT$785 Mil. Taiwan Special Chemicals's average shareholder tangible equity for the quarter that ended in Mar. 2026 was NT$1,351 Mil. Therefore, Taiwan Special Chemicals's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 58.07%.
The historical rank and industry rank for Taiwan Special Chemicals's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:4772'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.17 Med: 12.72 Max: 35.7
Current: 35.7
During the past 7 years, Taiwan Special Chemicals's highest Return-on-Tangible-Equity was 35.70%. The lowest was -10.17%. And the median was 12.72%.
ROCO:4772's Return-on-Tangible-Equity is ranked better than 95.86% of 1570
companies
in the Chemicals industry
Industry Median: 5.78
vs ROCO:4772: 35.70
Taiwan Special Chemicals (ROCO:4772) 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.
Taiwan Special Chemicals Return-on-Tangible-Equity Related Terms
Taiwan Special Chemicals Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Taiwan Special Chemicals'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.
Taiwan Special Chemicals Return-on-Tangible-Equity Chart
ROCO:4772 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Taiwan Special Chemicals'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.
Taiwan Special Chemicals Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Taiwan Special Chemicals's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Taiwan Special Chemicals'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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 58.07% mean?
Taiwan Special Chemicals (ROCO:4772) has a Return-on-Tangible-Equity of 58.07% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Taiwan Special Chemicals and its competitors. This is 357% above median its historical median of 12.72. According to the industry distribution chart, Taiwan Special Chemicals ranks #65 out of 1570 companies in the Chemicals industry, placing it in the top 4.1%.
Is Taiwan Special Chemicals' Return-on-Tangible-Equity too high?
Taiwan Special Chemicals' current Return-on-Tangible-Equity of 58.07% is 357% above median its 10-year median of 12.72. The Chemicals industry median Return-on-Tangible-Equity is 5.78. Taiwan Special Chemicals' value of 58.07% is 904.7% above this industry median. Based on the distribution chart, Taiwan Special Chemicals ranks #65 out of 1570 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Taiwan Special Chemicals 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 Taiwan Special Chemicals' Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Taiwan Special Chemicals ranks #65 out of 1570 companies for Return-on-Tangible-Equity. This places Taiwan Special Chemicals in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.78. Taiwan Special Chemicals' value of 58.07% is 904.7% above this benchmark. While the company's 10-year median is 12.72 vs. the industry median of 5.78, Taiwan Special Chemicals 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. Taiwan Special Chemicals's current Return-on-Tangible-Equity of 58.07% is 904.7% 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 Taiwan Special Chemicals 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. Taiwan Special Chemicals's current Return-on-Tangible-Equity is 58.07%, which is 357% above median its own 10-year median of 12.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Special Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Special Chemicals (ROCO:4772) is currently considered Possible Value Trap. The stock's GF Value™ is NT$685.27, compared to a current price of NT$245.50 — trading 64.2% below its estimated fair value. The current Return-on-Tangible-Equity is 58.07%, which is 357% above median its 10-year median of 12.72 and 904.7% above the Chemicals industry median of 5.78. Taiwan Special Chemicals' 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 Taiwan Special Chemicals (ROCO:4772), the current Return-on-Tangible-Equity is 58.07% as of Mar. 2026. 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 Taiwan Special Chemicals (ROCO:4772) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Special Chemicals stock appears to be undervalued.
The current stock price of NT$245.50 is trading 64.2% below its estimated GF Value™ of NT$685.27.
GuruFocus considers Taiwan Special Chemicals to be Possible Value Trap.
Key valuation signals for ROCO:4772:
Return-on-Tangible-Equity: 58.07% (357% above median its 10-year median of 12.72)
GF Value™: NT$685.27 vs. price of NT$245.50 (64.2% below fair value)
Industry Position: 904.7% above the Chemicals median (#65 of 1570)
No single metric tells the full story. See the ROCO:4772 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Special Chemicals Corp develops and manufactures semiconductor specialty gases (SEG) and semiconductor chemical materials (SEC), and is engaged in the sale and production of precision chemical materials, as well as the cleaning, maintenance, and refurbishment services for semiconductor equipment and components. It generates maximum revenue from the sale of specialty chemical materials. Geographically, the company generates maximum revenue from Taiwan, followed by other Asian regions, America, Northeast Asia (Japan and Korea), and Europe.
64GF Score
Get the complete analysis for ROCO:4772
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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