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TulROCO:6150 -1.91%60 Return-on-Tangible-Equity is 13.73% as of Dec. 2025, which is 187% above its 10-year median of 4.78. GuruFocus rates ROCO:6150 with a GF Score™ of 60/100 and a GF Value™ of NT$106.59 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,383 Hardware companies, Tul ranks better than 61.6% 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. Tul's annualized net income for the quarter that ended in Dec. 2025 was NT$211 Mil. Tul's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$1,534 Mil. Therefore, Tul's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 13.73%.
The historical rank and industry rank for Tul's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6150'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -17.88 Med: 4.78 Max: 66.57
Current: 8.55
During the past 13 years, Tul's highest Return-on-Tangible-Equity was 66.57%. The lowest was -17.88%. And the median was 4.78%.
ROCO:6150's Return-on-Tangible-Equity is ranked better than 61.6% of 2383
companies
in the Hardware industry
Industry Median: 5.36
vs ROCO:6150: 8.55
Tul (ROCO:6150) 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.
Tul Return-on-Tangible-Equity Related Terms
Tul Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tul'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:6150 vs SNX, ARW, AVT: Return-on-Tangible-Equity Comparison
For the Electronics & Computer Distribution subindustry, Tul'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.
Tul Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Tul's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tul'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 13.73% mean?
Tul (ROCO:6150) has a Return-on-Tangible-Equity of 13.73% 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 Tul and its competitors. This is 187% above median its historical median of 4.78. According to the industry distribution chart, Tul ranks #915 out of 2383 companies in the Hardware industry, placing it in the top 38.4%.
Is Tul's Return-on-Tangible-Equity too high?
Tul's current Return-on-Tangible-Equity of 13.73% is 187% above median its 10-year median of 4.78. The Hardware industry median Return-on-Tangible-Equity is 5.36. Tul's value of 13.73% is 156.2% above this industry median. Based on the distribution chart, Tul ranks #915 out of 2383 companies in the Hardware industry, which is above the industry midpoint. Overall, Tul has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tul's Return-on-Tangible-Equity compare to SNX and ARW?
According to the Hardware industry distribution chart, Tul ranks #915 out of 2383 companies for Return-on-Tangible-Equity. This puts Tul in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.36. Tul's value of 13.73% is 156.2% above this benchmark. While the company's 10-year median is 4.78 vs. the industry median of 5.36, Tul 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.36, based on 2,383 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. Tul's current Return-on-Tangible-Equity of 13.73% is 156.2% 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 Tul and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tul's current Return-on-Tangible-Equity is 13.73%, which is 187% above median its own 10-year median of 4.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tul stock overvalued right now?
Based on GuruFocus' analysis, Tul (ROCO:6150) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$106.59, compared to a current price of NT$56.40 — trading 47.1% below its estimated fair value. The current Return-on-Tangible-Equity is 13.73%, which is 187% above median its 10-year median of 4.78 and 156.2% above the Hardware industry median of 5.36. Tul's overall GF Score™ is 60/100 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 Tul (ROCO:6150), the current Return-on-Tangible-Equity is 13.73% 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 Tul (ROCO:6150) Overvalued in 2026?
Based on GuruFocus' analysis, Tul stock appears to be undervalued.
The current stock price of NT$56.40 is trading 47.1% below its estimated GF Value™ of NT$106.59.
GuruFocus considers Tul to be Significantly Undervalued.
Key valuation signals for ROCO:6150:
Return-on-Tangible-Equity: 13.73% (187% above median its 10-year median of 4.78)
GF Value™: NT$106.59 vs. price of NT$56.40 (47.1% below fair value)
Industry Position: 156.2% above the Hardware median (#915 of 2383)
No single metric tells the full story. See the ROCO:6150 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tul Corp is engaged in the production and sale of computer display cards and software products in Taiwan. The company offers gaming and embedded graphics cards, SoC-based motherboards and systems, FPGA products, and customized products and services. The reportable departments of the consolidated company are as follows: Display card manufacturing and sales business, Construction engineering business, and Other businesses. The majority of revenue is derived from the Display card manufacturing and sales business.
60GF Score
Get the complete analysis for ROCO:6150
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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