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Asia Electronic Material CoROCO:4939 -1.83%47 Return-on-Tangible-Equity is 2.96% as of Dec. 2025, which is 22% above its 10-year median of 2.42. GuruFocus rates ROCO:4939 with a GF Score™ of 47/100 and a GF Value™ of NT$18.23 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 2,384 Hardware companies, Asia Electronic Material Co ranks worse than 73.78% 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. Asia Electronic Material Co's annualized net income for the quarter that ended in Dec. 2025 was NT$39 Mil. Asia Electronic Material Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$1,316 Mil. Therefore, Asia Electronic Material Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 2.96%.
The historical rank and industry rank for Asia Electronic Material Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:4939'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.05 Med: 2.42 Max: 10.97
Current: -3.05
During the past 13 years, Asia Electronic Material Co's highest Return-on-Tangible-Equity was 10.97%. The lowest was -3.05%. And the median was 2.42%.
ROCO:4939's Return-on-Tangible-Equity is ranked worse than 73.78% of 2384
companies
in the Hardware industry
Industry Median: 5.33
vs ROCO:4939: -3.05
Asia Electronic Material Co (ROCO:4939) 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.
Asia Electronic Material Co Return-on-Tangible-Equity Related Terms
Asia Electronic Material Co Return-on-Tangible-Equity Historical Data
* 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.
Asia Electronic Material Co Return-on-Tangible-Equity Chart
ROCO:4939 vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Asia Electronic Material 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.
Asia Electronic Material Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Asia Electronic Material Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Asia Electronic Material 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 2.96% mean?
Asia Electronic Material Co (ROCO:4939) has a Return-on-Tangible-Equity of 2.96% 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 Asia Electronic Material Co and its competitors. This is 22% above median its historical median of 2.42. According to the industry distribution chart, Asia Electronic Material Co ranks #1759 out of 2384 companies in the Hardware industry, placing it in the top 73.8%.
Is Asia Electronic Material Co's Return-on-Tangible-Equity too high?
Asia Electronic Material Co's current Return-on-Tangible-Equity of 2.96% is 22% above median its 10-year median of 2.42. The Hardware industry median Return-on-Tangible-Equity is 5.33. Asia Electronic Material Co's value of 2.96% is 44.5% below this industry median. Based on the distribution chart, Asia Electronic Material Co ranks #1759 out of 2384 companies in the Hardware industry, which is below the industry midpoint. Overall, Asia Electronic Material Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asia Electronic Material Co's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Asia Electronic Material Co ranks #1759 out of 2384 companies for Return-on-Tangible-Equity. This places Asia Electronic Material Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.33. Asia Electronic Material Co's value of 2.96% is 44.5% below this benchmark. While the company's 10-year median is 2.42 vs. the industry median of 5.33, Asia Electronic Material 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 5.33, based on 2,384 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. Asia Electronic Material Co's current Return-on-Tangible-Equity of 2.96% is 44.5% 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 Asia Electronic Material Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Electronic Material Co's current Return-on-Tangible-Equity is 2.96%, which is 22% above median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Electronic Material Co stock overvalued right now?
Based on GuruFocus' analysis, Asia Electronic Material Co (ROCO:4939) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$18.23, compared to a current price of NT$69.60 — trading 281.8% above its estimated fair value. The current Return-on-Tangible-Equity is 2.96%, which is 22% above median its 10-year median of 2.42 and 44.5% below the Hardware industry median of 5.33. Asia Electronic Material Co's overall GF Score™ is 47/100 with 10 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 Asia Electronic Material Co (ROCO:4939), the current Return-on-Tangible-Equity is 2.96% 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 Asia Electronic Material Co (ROCO:4939) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Electronic Material Co stock appears to be overvalued.
The current stock price of NT$69.60 is trading 281.8% above its estimated GF Value™ of NT$18.23.
GuruFocus considers Asia Electronic Material Co to be Significantly Overvalued.
Key valuation signals for ROCO:4939:
Return-on-Tangible-Equity: 2.96% (22% above median its 10-year median of 2.42)
GF Value™: NT$18.23 vs. price of NT$69.60 (281.8% above fair value)
Industry Position: 44.5% below the Hardware median (#1759 of 2384)
No single metric tells the full story. See the ROCO:4939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Electronic Material Co Ltd is engaged in manufacture of electronic products and sale of electronic materials. Geographically, the company operates in Taiwan, China, and Other Countries, of which it derives maximum revenue from China. it mainly researches, develops, manufactures and markets flexible copper clad laminate (FCCL), coverlay (CL), stiffener and bonding sheet. Its products are used in Mobile phones, smart phones, digital cameras, laptop PCs, tablet PCs, LCD monitors, printer inkjet heads, hard drive heads, a variety of flat panel displays, touch modules, antenna panels, batteries and LED backlight module light bar etc.
47GF Score
Get the complete analysis for ROCO:4939
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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