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Ancang Construction CoROCO:5548 +0.48%64 Return-on-Tangible-Equity is 17.89% as of Dec. 2025, which is 19% above its 10-year median of 14.98. GuruFocus rates ROCO:5548 with a GF Score™ of 64/100 and a GF Value™ of NT$21.53 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,712 Construction companies, Ancang Construction Co ranks better than 57.71% 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. Ancang Construction Co's annualized net income for the quarter that ended in Dec. 2025 was NT$200 Mil. Ancang Construction Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$1,116 Mil. Therefore, Ancang Construction Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 17.89%.
The historical rank and industry rank for Ancang Construction Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:5548'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.35 Med: 14.98 Max: 16.75
Current: 10.67
During the past 7 years, Ancang Construction Co's highest Return-on-Tangible-Equity was 16.75%. The lowest was 10.35%. And the median was 14.98%.
ROCO:5548's Return-on-Tangible-Equity is ranked better than 57.71% of 1712
companies
in the Construction industry
Industry Median: 8.21
vs ROCO:5548: 10.67
Ancang Construction Co (ROCO:5548) 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.
Ancang Construction Co Return-on-Tangible-Equity Related Terms
Ancang Construction Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ancang Construction 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.
Ancang Construction Co Return-on-Tangible-Equity Chart
ROCO:5548 vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Ancang Construction 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.
Ancang Construction Co Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Ancang Construction Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ancang Construction 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 17.89% mean?
Ancang Construction Co (ROCO:5548) has a Return-on-Tangible-Equity of 17.89% 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 Ancang Construction Co and its competitors. This is 19% above median its historical median of 14.98. Over the past decade, Ancang Construction Co's Return-on-Tangible-Equity has ranged from 10.35 to 16.75. According to the industry distribution chart, Ancang Construction Co ranks #724 out of 1712 companies in the Construction industry, placing it in the top 42.3%.
Is Ancang Construction Co's Return-on-Tangible-Equity too high?
Ancang Construction Co's current Return-on-Tangible-Equity of 17.89% is 19% above median its 10-year median of 14.98. Over the past 10 years, this metric has ranged from a low of 10.35 to a high of 16.75. The Construction industry median Return-on-Tangible-Equity is 8.21. Ancang Construction Co's value of 17.89% is 117.9% above this industry median. Based on the distribution chart, Ancang Construction Co ranks #724 out of 1712 companies in the Construction industry, which is above the industry midpoint. Overall, Ancang Construction Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ancang Construction Co's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Ancang Construction Co ranks #724 out of 1712 companies for Return-on-Tangible-Equity. This puts Ancang Construction Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Ancang Construction Co's value of 17.89% is 117.9% above this benchmark. Historically, Ancang Construction Co's own Return-on-Tangible-Equity has ranged from 10.35 to 16.75 over the past decade. While the company's 10-year median is 14.98 vs. the industry median of 8.21, Ancang Construction Co 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,712 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. Ancang Construction Co's current Return-on-Tangible-Equity of 17.89% is 117.9% 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 Ancang Construction Co and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ancang Construction Co's current Return-on-Tangible-Equity is 17.89%, which is 19% above median its own 10-year median of 14.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ancang Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Ancang Construction Co (ROCO:5548) is currently considered Fairly Valued. The stock's GF Value™ is NT$21.53, compared to a current price of NT$21.00 — trading 2.5% below its estimated fair value. The current Return-on-Tangible-Equity is 17.89%, which is 19% above median its 10-year median of 14.98 and 117.9% above the Construction industry median of 8.21. Ancang Construction Co's overall GF Score™ is 64/100 with 2 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 Ancang Construction Co (ROCO:5548), the current Return-on-Tangible-Equity is 17.89% 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 Ancang Construction Co (ROCO:5548) Overvalued in 2026?
Based on GuruFocus' analysis, Ancang Construction Co stock appears to be undervalued.
The current stock price of NT$21.00 is trading 2.5% below its estimated GF Value™ of NT$21.53.
GuruFocus considers Ancang Construction Co to be Fairly Valued.
Key valuation signals for ROCO:5548:
Return-on-Tangible-Equity: 17.89% (19% above median its 10-year median of 14.98)
GF Value™: NT$21.53 vs. price of NT$21.00 (2.5% below fair value)
Industry Position: 117.9% above the Construction median (#724 of 1712)
No single metric tells the full story. See the ROCO:5548 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ancang Construction Co Ltd is a construction company engaged in the construction of roads and bridges, buildings, exhibition halls, tunnels, harbors, stations, park development projects, power plants, pumping stations, and other public works projects, as well as the leasing business.
64GF Score
Get the complete analysis for ROCO:5548
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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