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Reliance Securities CoROCO:6027 -1.24%67 Return-on-Tangible-Equity is 20.32% as of Dec. 2025, which is 514% above its 10-year median of 3.31. GuruFocus rates ROCO:6027 with a GF Score™ of 67/100 and a GF Value™ of NT$13.04 (Fairly Valued). The stock has 4 warning signs investors should review. Among 782 Capital Markets companies, Reliance Securities Co ranks worse than 50.26% 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. Reliance Securities Co's annualized net income for the quarter that ended in Dec. 2025 was NT$515.1 Mil. Reliance Securities Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$2,535.3 Mil. Therefore, Reliance Securities Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 20.32%.
The historical rank and industry rank for Reliance Securities Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6027'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -20.05 Med: 3.31 Max: 18
Current: 6.45
During the past 13 years, Reliance Securities Co's highest Return-on-Tangible-Equity was 18.00%. The lowest was -20.05%. And the median was 3.31%.
ROCO:6027's Return-on-Tangible-Equity is ranked worse than 50.26% of 782
companies
in the Capital Markets industry
Industry Median: 6.52
vs ROCO:6027: 6.45
Reliance Securities Co (ROCO:6027) 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.
Reliance Securities Co Return-on-Tangible-Equity Related Terms
Reliance Securities Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Reliance Securities 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.
Reliance Securities Co Return-on-Tangible-Equity Chart
ROCO:6027 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Reliance 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.
Reliance Securities Co Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Reliance Securities Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Reliance 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 two times the semi-annual (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 20.32% mean?
Reliance Securities Co (ROCO:6027) has a Return-on-Tangible-Equity of 20.32% 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 Reliance Securities Co and its competitors. This is 514% above median its historical median of 3.31. According to the industry distribution chart, Reliance Securities Co ranks #393 out of 782 companies in the Capital Markets industry, placing it in the top 50.3%.
Is Reliance Securities Co's Return-on-Tangible-Equity too high?
Reliance Securities Co's current Return-on-Tangible-Equity of 20.32% is 514% above median its 10-year median of 3.31. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Reliance Securities Co's value of 20.32% is 211.7% above this industry median. Based on the distribution chart, Reliance Securities Co ranks #393 out of 782 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Reliance Securities Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Reliance Securities Co's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Reliance Securities Co ranks #393 out of 782 companies for Return-on-Tangible-Equity. This places Reliance Securities Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.52. Reliance Securities Co's value of 20.32% is 211.7% above this benchmark. While the company's 10-year median is 3.31 vs. the industry median of 6.52, Reliance 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. Reliance Securities Co's current Return-on-Tangible-Equity of 20.32% is 211.7% 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 Reliance 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. Reliance Securities Co's current Return-on-Tangible-Equity is 20.32%, which is 514% above median its own 10-year median of 3.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Reliance Securities Co (ROCO:6027) is currently considered Fairly Valued. The stock's GF Value™ is NT$13.04, compared to a current price of NT$11.90 — trading 8.7% below its estimated fair value. The current Return-on-Tangible-Equity is 20.32%, which is 514% above median its 10-year median of 3.31 and 211.7% above the Capital Markets industry median of 6.52. Reliance Securities Co's overall GF Score™ is 67/100 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 Reliance Securities Co (ROCO:6027), the current Return-on-Tangible-Equity is 20.32% 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 Reliance Securities Co (ROCO:6027) Overvalued in 2026?
Based on GuruFocus' analysis, Reliance Securities Co stock appears to be undervalued.
The current stock price of NT$11.90 is trading 8.7% below its estimated GF Value™ of NT$13.04.
GuruFocus considers Reliance Securities Co to be Fairly Valued.
Key valuation signals for ROCO:6027:
Return-on-Tangible-Equity: 20.32% (514% above median its 10-year median of 3.31)
GF Value™: NT$13.04 vs. price of NT$11.90 (8.7% below fair value)
Industry Position: 211.7% above the Capital Markets median (#393 of 782)
No single metric tells the full story. See the ROCO:6027 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reliance Securities Co Ltd is engaged in providing integrated investment platforms and professional investment services in Taiwan. It presents investors with securities brokerage, futures, warrants, agency funds, discretionary entrustment, re-trust business, underwriting, and bonds.
67GF Score
Get the complete analysis for ROCO:6027
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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