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New Era Electronics CoROCO:4909 -6.80%45 Return-on-Tangible-Equity is 3.13% as of Dec. 2025, which is 179% above its 10-year median of 1.12. GuruFocus rates ROCO:4909 with a GF Score™ of 45/100 and a GF Value™ of NT$12.27 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,383 Hardware companies, New Era Electronics Co ranks worse than 76.16% 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. New Era Electronics Co's annualized net income for the quarter that ended in Dec. 2025 was NT$79.4 Mil. New Era Electronics Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$2,534.7 Mil. Therefore, New Era Electronics Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 3.13%.
The historical rank and industry rank for New Era Electronics Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:4909'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.82 Med: 1.12 Max: 33.72
Current: -4.17
During the past 13 years, New Era Electronics Co's highest Return-on-Tangible-Equity was 33.72%. The lowest was -4.82%. And the median was 1.12%.
ROCO:4909's Return-on-Tangible-Equity is ranked worse than 76.16% of 2383
companies
in the Hardware industry
Industry Median: 5.34
vs ROCO:4909: -4.17
New Era Electronics Co (ROCO:4909) 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.
New Era Electronics Co Return-on-Tangible-Equity Related Terms
New Era Electronics Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for New Era Electronics 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.
New Era Electronics Co Return-on-Tangible-Equity Chart
ROCO:4909 vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, New Era Electronics 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.
New Era Electronics Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, New Era Electronics Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where New Era Electronics 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 3.13% mean?
New Era Electronics Co (ROCO:4909) has a Return-on-Tangible-Equity of 3.13% 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 New Era Electronics Co and its competitors. This is 179% above median its historical median of 1.12. According to the industry distribution chart, New Era Electronics Co ranks #1815 out of 2383 companies in the Hardware industry, placing it in the top 76.2%.
Is New Era Electronics Co's Return-on-Tangible-Equity too high?
New Era Electronics Co's current Return-on-Tangible-Equity of 3.13% is 179% above median its 10-year median of 1.12. The Hardware industry median Return-on-Tangible-Equity is 5.34. New Era Electronics Co's value of 3.13% is 41.4% below this industry median. Based on the distribution chart, New Era Electronics Co ranks #1815 out of 2383 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, New Era Electronics Co has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does New Era Electronics Co's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, New Era Electronics Co ranks #1815 out of 2383 companies for Return-on-Tangible-Equity. This places New Era Electronics Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.34. New Era Electronics Co's value of 3.13% is 41.4% below this benchmark. While the company's 10-year median is 1.12 vs. the industry median of 5.34, New Era Electronics 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.34, based on 2,383 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. New Era Electronics Co's current Return-on-Tangible-Equity of 3.13% is 41.4% 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 New Era Electronics Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Era Electronics Co's current Return-on-Tangible-Equity is 3.13%, which is 179% above median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Era Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, New Era Electronics Co (ROCO:4909) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$12.27, compared to a current price of NT$38.35 — trading 212.6% above its estimated fair value. The current Return-on-Tangible-Equity is 3.13%, which is 179% above median its 10-year median of 1.12 and 41.4% below the Hardware industry median of 5.34. New Era Electronics Co's overall GF Score™ is 45/100 with 3 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 New Era Electronics Co (ROCO:4909), the current Return-on-Tangible-Equity is 3.13% 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 New Era Electronics Co (ROCO:4909) Overvalued in 2026?
Based on GuruFocus' analysis, New Era Electronics Co stock appears to be overvalued.
The current stock price of NT$38.35 is trading 212.6% above its estimated GF Value™ of NT$12.27.
GuruFocus considers New Era Electronics Co to be Significantly Overvalued.
Key valuation signals for ROCO:4909:
Return-on-Tangible-Equity: 3.13% (179% above median its 10-year median of 1.12)
GF Value™: NT$12.27 vs. price of NT$38.35 (212.6% above fair value)
Industry Position: 41.4% below the Hardware median (#1815 of 2383)
No single metric tells the full story. See the ROCO:4909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Era Electronics Co Ltd is a Taiwan-based company that engages in the manufacture, and sale of printed circuit boards (PCB). The company is also engaged in the import and export of electronic products, electronic component manufacturing, telecommunications construction, wholesale of telecommunications apparatus, and wholesale and retail sales of electronic materials. The products of the company include high-frequency (HF) microwave communication substrates and printed circuit boards (PCBs).
45GF Score
Get the complete analysis for ROCO:4909
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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