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Yuanta Futures CoROCO:6023 +1.86%65 Return-on-Tangible-Equity is 13.58% as of Dec. 2025, which is 9% above its 10-year median of 12.42. GuruFocus rates ROCO:6023 with a GF Score™ of 65/100 and a GF Value™ of NT$63.45 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 780 Capital Markets companies, Yuanta Futures Co ranks better than 70.38% 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. Yuanta Futures Co's annualized net income for the quarter that ended in Dec. 2025 was NT$2,584 Mil. Yuanta Futures Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$19,030 Mil. Therefore, Yuanta Futures Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 13.58%.
The historical rank and industry rank for Yuanta Futures Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6023'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.15 Med: 12.42 Max: 15.1
Current: 14.71
During the past 13 years, Yuanta Futures Co's highest Return-on-Tangible-Equity was 15.10%. The lowest was 7.15%. And the median was 12.42%.
ROCO:6023's Return-on-Tangible-Equity is ranked better than 70.38% of 780
companies
in the Capital Markets industry
Industry Median: 6.52
vs ROCO:6023: 14.71
Yuanta Futures Co (ROCO:6023) 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.
Yuanta Futures Co Return-on-Tangible-Equity Related Terms
Yuanta Futures Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Yuanta Futures 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.
ROCO:6023 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Yuanta Futures 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.
Yuanta Futures Co Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Yuanta Futures Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Yuanta Futures 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 13.58% mean?
Yuanta Futures Co (ROCO:6023) has a Return-on-Tangible-Equity of 13.58% 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 Yuanta Futures Co and its competitors. This is near median its historical median of 12.42. Over the past decade, Yuanta Futures Co's Return-on-Tangible-Equity has ranged from 7.15 to 15.10. According to the industry distribution chart, Yuanta Futures Co ranks #231 out of 780 companies in the Capital Markets industry, placing it in the top 29.6%.
Is Yuanta Futures Co's Return-on-Tangible-Equity too high?
Yuanta Futures Co's current Return-on-Tangible-Equity of 13.58% is near median its 10-year median of 12.42. Over the past 10 years, this metric has ranged from a low of 7.15 to a high of 15.10. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Yuanta Futures Co's value of 13.58% is 108.3% above this industry median. Based on the distribution chart, Yuanta Futures Co ranks #231 out of 780 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Yuanta Futures Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yuanta Futures Co's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Yuanta Futures Co ranks #231 out of 780 companies for Return-on-Tangible-Equity. This puts Yuanta Futures Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.52. Yuanta Futures Co's value of 13.58% is 108.3% above this benchmark. Historically, Yuanta Futures Co's own Return-on-Tangible-Equity has ranged from 7.15 to 15.10 over the past decade. While the company's 10-year median is 12.42 vs. the industry median of 6.52, Yuanta Futures 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 780 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. Yuanta Futures Co's current Return-on-Tangible-Equity of 13.58% is 108.3% 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 Yuanta Futures Co and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yuanta Futures Co's current Return-on-Tangible-Equity is 13.58%, which is near median its own 10-year median of 12.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yuanta Futures Co stock overvalued right now?
Based on GuruFocus' analysis, Yuanta Futures Co (ROCO:6023) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$63.45, compared to a current price of NT$87.60 — trading 38.1% above its estimated fair value. The current Return-on-Tangible-Equity is 13.58%, which is near median its 10-year median of 12.42 and 108.3% above the Capital Markets industry median of 6.52. Yuanta Futures Co's overall GF Score™ is 65/100 with 8 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 Yuanta Futures Co (ROCO:6023), the current Return-on-Tangible-Equity is 13.58% 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 Yuanta Futures Co (ROCO:6023) Overvalued in 2026?
Based on GuruFocus' analysis, Yuanta Futures Co stock appears to be overvalued.
The current stock price of NT$87.60 is trading 38.1% above its estimated GF Value™ of NT$63.45.
GuruFocus considers Yuanta Futures Co to be Significantly Overvalued.
Key valuation signals for ROCO:6023:
Return-on-Tangible-Equity: 13.58% (near median its 10-year median of 12.42)
GF Value™: NT$63.45 vs. price of NT$87.60 (38.1% above fair value)
Industry Position: 108.3% above the Capital Markets median (#231 of 780)
No single metric tells the full story. See the ROCO:6023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yuanta Futures Co Ltd is Taiwan's futures company. The company is engaged in onshore and offshore futures brokerage business, futures dealing, futures consulting, futures business management, securities dealing, leverage transaction merchant, and a variety of futures-related businesses. Its operating segments include: Brokerage segment, Dealing segment, and Other segment. The company derives maximum revenue from Brokerage segment. Geographically, the company has its presence in Taiwan, Asia (excluding Taiwan), Europe, America and Other.
65GF Score
Get the complete analysis for ROCO:6023
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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