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New Best Wire Industrial CoROCO:5013 +1.17%74 Return-on-Tangible-Equity is 5.94% as of Dec. 2025, which is 40% below its 10-year median of 9.97. GuruFocus rates ROCO:5013 with a GF Score™ of 74/100 and a GF Value™ of NT$30.67 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,969 Industrial Products companies, New Best Wire Industrial Co ranks worse than 56.79% 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 Best Wire Industrial Co's annualized net income for the quarter that ended in Dec. 2025 was NT$220 Mil. New Best Wire Industrial Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$3,709 Mil. Therefore, New Best Wire Industrial Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 5.94%.
The historical rank and industry rank for New Best Wire Industrial Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:5013'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.14 Med: 9.97 Max: 19.65
Current: 5.22
During the past 13 years, New Best Wire Industrial Co's highest Return-on-Tangible-Equity was 19.65%. The lowest was 5.14%. And the median was 9.97%.
ROCO:5013's Return-on-Tangible-Equity is ranked worse than 56.79% of 2969
companies
in the Industrial Products industry
Industry Median: 6.76
vs ROCO:5013: 5.22
New Best Wire Industrial Co (ROCO:5013) 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 Best Wire Industrial Co Return-on-Tangible-Equity Related Terms
New Best Wire Industrial 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.
New Best Wire Industrial Co Return-on-Tangible-Equity Chart
ROCO:5013 vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, New Best Wire 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.
New Best Wire Industrial Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, New Best Wire Industrial Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where New Best Wire 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 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 5.94% mean?
New Best Wire Industrial Co (ROCO:5013) has a Return-on-Tangible-Equity of 5.94% 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 Best Wire Industrial Co and its competitors. This is 40% below median its historical median of 9.97. Over the past decade, New Best Wire Industrial Co's Return-on-Tangible-Equity has ranged from 5.14 to 19.65. According to the industry distribution chart, New Best Wire Industrial Co ranks #1686 out of 2969 companies in the Industrial Products industry, placing it in the top 56.8%.
Is New Best Wire Industrial Co's Return-on-Tangible-Equity too high?
New Best Wire Industrial Co's current Return-on-Tangible-Equity of 5.94% is 40% below median its 10-year median of 9.97. Over the past 10 years, this metric has ranged from a low of 5.14 to a high of 19.65. The Industrial Products industry median Return-on-Tangible-Equity is 6.76. New Best Wire Industrial Co's value of 5.94% is 12.1% below this industry median. Based on the distribution chart, New Best Wire Industrial Co ranks #1686 out of 2969 companies in the Industrial Products industry, which is below the industry midpoint. Overall, New Best Wire Industrial Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does New Best Wire Industrial Co's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, New Best Wire Industrial Co ranks #1686 out of 2969 companies for Return-on-Tangible-Equity. This places New Best Wire Industrial Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.76. New Best Wire Industrial Co's value of 5.94% is 12.1% below this benchmark. Historically, New Best Wire Industrial Co's own Return-on-Tangible-Equity has ranged from 5.14 to 19.65 over the past decade. While the company's 10-year median is 9.97 vs. the industry median of 6.76, New Best Wire Industrial 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.76, based on 2,969 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 Best Wire Industrial Co's current Return-on-Tangible-Equity of 5.94% is 12.1% 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 Best Wire Industrial Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Best Wire Industrial Co's current Return-on-Tangible-Equity is 5.94%, which is 40% below median its own 10-year median of 9.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Best Wire Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, New Best Wire Industrial Co (ROCO:5013) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$30.67, compared to a current price of NT$25.95 — trading 15.4% below its estimated fair value. The current Return-on-Tangible-Equity is 5.94%, which is 40% below median its 10-year median of 9.97 and 12.1% below the Industrial Products industry median of 6.76. New Best Wire Industrial Co's overall GF Score™ is 74/100 with 4 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 Best Wire Industrial Co (ROCO:5013), the current Return-on-Tangible-Equity is 5.94% 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 Best Wire Industrial Co (ROCO:5013) Overvalued in 2026?
Based on GuruFocus' analysis, New Best Wire Industrial Co stock appears to be undervalued.
The current stock price of NT$25.95 is trading 15.4% below its estimated GF Value™ of NT$30.67.
GuruFocus considers New Best Wire Industrial Co to be Modestly Undervalued.
Key valuation signals for ROCO:5013:
Return-on-Tangible-Equity: 5.94% (40% below median its 10-year median of 9.97)
GF Value™: NT$30.67 vs. price of NT$25.95 (15.4% below fair value)
Industry Position: 12.1% below the Industrial Products median (#1686 of 2969)
No single metric tells the full story. See the ROCO:5013 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Best Wire Industrial Co Ltd engages in wire and electro-polishing (EP) Stainless Steel Pipe businesses in Taiwan. Its wire business provides stainless, carbon, & wire alloy steel, wires electrolytic polishing tubes and others. Its wire products are used for cold heading, cold forging, & hardware use, automobile components, semiconductors, biological products, tools, chemical products, food industry and others. The company operates in Taiwan and China.
74GF Score
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