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Grand Fortune Securities CoROCO:6026 66 Return-on-Tangible-Equity is 27.75% as of Dec. 2025, which is 240% above its 10-year median of 8.15. GuruFocus rates ROCO:6026 with a GF Score™ of 66/100 and a GF Value™ of NT$12.43 (Fairly Valued). The stock has 6 warning signs investors should review. Among 782 Capital Markets companies, Grand Fortune Securities Co ranks better than 65.47% 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. Grand Fortune Securities Co's annualized net income for the quarter that ended in Dec. 2025 was NT$1,630 Mil. Grand Fortune Securities Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$5,874 Mil. Therefore, Grand Fortune Securities Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 27.75%.
The historical rank and industry rank for Grand Fortune Securities Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6026'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.49 Med: 8.15 Max: 33.84
Current: 12.16
During the past 13 years, Grand Fortune Securities Co's highest Return-on-Tangible-Equity was 33.84%. The lowest was -5.49%. And the median was 8.15%.
ROCO:6026's Return-on-Tangible-Equity is ranked better than 65.47% of 782
companies
in the Capital Markets industry
Industry Median: 6.52
vs ROCO:6026: 12.16
Grand Fortune Securities Co (ROCO:6026) 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.
Grand Fortune Securities Co Return-on-Tangible-Equity Related Terms
Grand Fortune Securities 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.
Grand Fortune Securities Co Return-on-Tangible-Equity Chart
ROCO:6026 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Grand Fortune Securities 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.
Grand Fortune Securities Co Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Grand Fortune Securities Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Grand Fortune Securities 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 27.75% mean?
Grand Fortune Securities Co (ROCO:6026) has a Return-on-Tangible-Equity of 27.75% 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 Grand Fortune Securities Co and its competitors. This is 240% above median its historical median of 8.15. According to the industry distribution chart, Grand Fortune Securities Co ranks #270 out of 782 companies in the Capital Markets industry, placing it in the top 34.5%.
Is Grand Fortune Securities Co's Return-on-Tangible-Equity too high?
Grand Fortune Securities Co's current Return-on-Tangible-Equity of 27.75% is 240% above median its 10-year median of 8.15. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Grand Fortune Securities Co's value of 27.75% is 325.6% above this industry median. Based on the distribution chart, Grand Fortune Securities Co ranks #270 out of 782 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Grand Fortune Securities Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grand Fortune Securities Co's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Grand Fortune Securities Co ranks #270 out of 782 companies for Return-on-Tangible-Equity. This puts Grand Fortune Securities Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.52. Grand Fortune Securities Co's value of 27.75% is 325.6% above this benchmark. While the company's 10-year median is 8.15 vs. the industry median of 6.52, Grand Fortune Securities 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 782 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. Grand Fortune Securities Co's current Return-on-Tangible-Equity of 27.75% is 325.6% 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 Grand Fortune Securities 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. Grand Fortune Securities Co's current Return-on-Tangible-Equity is 27.75%, which is 240% above median its own 10-year median of 8.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Fortune Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Grand Fortune Securities Co (ROCO:6026) is currently considered Fairly Valued. The stock's GF Value™ is NT$12.43, compared to a current price of NT$13.35 — trading 7.4% above its estimated fair value. The current Return-on-Tangible-Equity is 27.75%, which is 240% above median its 10-year median of 8.15 and 325.6% above the Capital Markets industry median of 6.52. Grand Fortune Securities Co's overall GF Score™ is 66/100 with 6 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 Grand Fortune Securities Co (ROCO:6026), the current Return-on-Tangible-Equity is 27.75% 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 Grand Fortune Securities Co (ROCO:6026) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Fortune Securities Co stock appears to be overvalued.
The current stock price of NT$13.35 is trading 7.4% above its estimated GF Value™ of NT$12.43.
GuruFocus considers Grand Fortune Securities Co to be Fairly Valued.
Key valuation signals for ROCO:6026:
Return-on-Tangible-Equity: 27.75% (240% above median its 10-year median of 8.15)
GF Value™: NT$12.43 vs. price of NT$13.35 (7.4% above fair value)
Industry Position: 325.6% above the Capital Markets median (#270 of 782)
No single metric tells the full story. See the ROCO:6026 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Fortune Securities Co Ltd is a Taiwan-based integrated securities house that runs businesses of the underwriting of marketable securities, proprietary trading, brokerage of marketable securities, stock registrar, and other securities-related businesses approved by the regulators. The company's segment consists of the Brokerage Department, Underwriting Department, Proprietary Trading Department, and Others. The company derives the majority of its revenue from the Proprietary Trading Department and the Underwriting Department.
66GF Score
Get the complete analysis for ROCO:6026
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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