CTCI Advanced Systems (ROCO:5209) Return-on-Tangible-Equity: 38.04% (As of Mar. 2026) — 40% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:5209 CTCI Advanced Systems Inc ROCO:5209
88 GF Score
Price NT$162.00
GF Value NT$145.86
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is CTCI Advanced Systems Return-on-Tangible-Equity?

CTCI Advanced Systems ROCO:5209 -0.61% 88 Return-on-Tangible-Equity is 38.04% as of Mar. 2026, which is 40% above its 10-year median of 27.09. GuruFocus rates ROCO:5209 with a GF Score™ of 88/100 and a GF Value™ of NT$145.86 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,483 Software companies, CTCI Advanced Systems ranks better than 83.61% 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. CTCI Advanced Systems's annualized net income for the quarter that ended in Mar. 2026 was NT$381 Mil. CTCI Advanced Systems's average shareholder tangible equity for the quarter that ended in Mar. 2026 was NT$1,001 Mil. Therefore, CTCI Advanced Systems's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 38.04%.

The historical rank and industry rank for CTCI Advanced Systems's Return-on-Tangible-Equity or its related term are showing as below:

ROCO:5209' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.09   Med: 27.09   Max: 55.55
Current: 55.55

During the past 13 years, CTCI Advanced Systems's highest Return-on-Tangible-Equity was 55.55%. The lowest was 10.09%. And the median was 27.09%.

ROCO:5209's Return-on-Tangible-Equity is ranked better than
83.61% of 2483 companies
in the Software industry
Industry Median: 9.68 vs ROCO:5209: 55.55

CTCI Advanced Systems  (ROCO:5209) 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.


CTCI Advanced Systems Return-on-Tangible-Equity Related Terms


CTCI Advanced Systems Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for CTCI Advanced Systems'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.

CTCI Advanced Systems Return-on-Tangible-Equity Chart

CTCI Advanced Systems Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.89 35.43 44.51 40.18 43.28

CTCI Advanced Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.79 72.86 69.83 40.48 38.04

ROCO:5209 vs IBM, ACN, FISV: Return-on-Tangible-Equity Comparison

For the Information Technology Services subindustry, CTCI Advanced Systems'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.


CTCI Advanced Systems Return-on-Tangible-Equity vs Software Industry

For the Software industry and Technology sector, CTCI Advanced Systems's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where CTCI Advanced Systems's Return-on-Tangible-Equity falls into.


ROCO:5209
88GF Score
CTCI Advanced Systems Inc ROCO:5209
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CTCI Advanced Systems Return-on-Tangible-Equity Calculation

CTCI Advanced Systems's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=459.421/( (993.945+1128.915 )/ 2 )
=459.421/1061.43
=43.28 %

CTCI Advanced Systems's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=380.58/( (1128.915+872.29)/ 2 )
=380.58/1000.6025
=38.04 %

* 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 38.04% mean?
CTCI Advanced Systems (ROCO:5209) has a Return-on-Tangible-Equity of 38.04% 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 CTCI Advanced Systems and its competitors. This is 40% above median its historical median of 27.09. Over the past decade, CTCI Advanced Systems' Return-on-Tangible-Equity has ranged from 10.09 to 55.55. According to the industry distribution chart, CTCI Advanced Systems ranks #407 out of 2483 companies in the Software industry, placing it in the top 16.4%.
Is CTCI Advanced Systems' Return-on-Tangible-Equity too high?
CTCI Advanced Systems' current Return-on-Tangible-Equity of 38.04% is 40% above median its 10-year median of 27.09. Over the past 10 years, this metric has ranged from a low of 10.09 to a high of 55.55. The Software industry median Return-on-Tangible-Equity is 9.68. CTCI Advanced Systems' value of 38.04% is 293% above this industry median. Based on the distribution chart, CTCI Advanced Systems ranks #407 out of 2483 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, CTCI Advanced Systems has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CTCI Advanced Systems' Return-on-Tangible-Equity compare to IBM and ACN?
According to the Software industry distribution chart, CTCI Advanced Systems ranks #407 out of 2483 companies for Return-on-Tangible-Equity. This places CTCI Advanced Systems in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.68. CTCI Advanced Systems' value of 38.04% is 293% above this benchmark. Historically, CTCI Advanced Systems' own Return-on-Tangible-Equity has ranged from 10.09 to 55.55 over the past decade. While the company's 10-year median is 27.09 vs. the industry median of 9.68, CTCI Advanced Systems 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 9.68, based on 2,483 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. CTCI Advanced Systems's current Return-on-Tangible-Equity of 38.04% is 293% 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 CTCI Advanced Systems and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 9.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CTCI Advanced Systems's current Return-on-Tangible-Equity is 38.04%, which is 40% above median its own 10-year median of 27.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CTCI Advanced Systems stock overvalued right now?
Based on GuruFocus' analysis, CTCI Advanced Systems (ROCO:5209) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$145.86, compared to a current price of NT$162.00 — trading 11.1% above its estimated fair value. The current Return-on-Tangible-Equity is 38.04%, which is 40% above median its 10-year median of 27.09 and 293% above the Software industry median of 9.68. CTCI Advanced Systems' overall GF Score™ is 88/100 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 CTCI Advanced Systems (ROCO:5209), the current Return-on-Tangible-Equity is 38.04% 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 CTCI Advanced Systems (ROCO:5209) Overvalued in 2026?

Based on GuruFocus' analysis, CTCI Advanced Systems stock appears to be overvalued. The current stock price of NT$162.00 is trading 11.1% above its estimated GF Value™ of NT$145.86. GuruFocus considers CTCI Advanced Systems to be Modestly Overvalued.

Key valuation signals for ROCO:5209:

  • Return-on-Tangible-Equity: 38.04% (40% above median its 10-year median of 27.09)
  • GF Value™: NT$145.86 vs. price of NT$162.00 (11.1% above fair value)
  • GF Score™: 88/100 with 5 warning signs
  • Industry Position: 293% above the Software median (#407 of 2483)

No single metric tells the full story. See the ROCO:5209 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CTCI Advanced Systems Business Description

Address 16, Fushan Road, 11 Floor, Beitou District, Taipei, TWN, 112037
CTCI Advanced Systems Inc provides engineering research, planning, design, purchase, integration, manufacture, installation, adjustment, maintenance, and operation of different software and hardware within computers and control systems, import and sales of computers software, hardware, and instruments. It also provides information software, data processing, digital information development and application services, providing energy technology and internet identification services, providing automation control, traffic tracking, communication engineering, safety equipment, piping engineering, mechatronics service, and consulting of engineering and management.
88GF Score

Get the complete analysis for ROCO:5209

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$162.00
Price
NT$145.86
GF Value