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Song Shang Electronics CoROCO:6156 +1.73%70 Return-on-Tangible-Equity is 3.25% as of Jun. 2026, which is 69% below its 10-year median of 10.57. GuruFocus rates ROCO:6156 with a GF Score™ of 70/100 and a GF Value™ of NT$26.57 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 2,370 Hardware companies, Song Shang Electronics Co ranks worse than 65.4% 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. Song Shang Electronics Co's annualized net income for the quarter that ended in Jun. 2026 was NT$75 Mil. Song Shang Electronics Co's average shareholder tangible equity for the quarter that ended in Jun. 2026 was NT$2,295 Mil. Therefore, Song Shang Electronics Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 3.25%.
The historical rank and industry rank for Song Shang Electronics Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6156'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.93 Med: 10.57 Max: 14.84
Current: 1.93
During the past 13 years, Song Shang Electronics Co's highest Return-on-Tangible-Equity was 14.84%. The lowest was 1.93%. And the median was 10.57%.
ROCO:6156's Return-on-Tangible-Equity is ranked worse than 65.4% of 2370
companies
in the Hardware industry
Industry Median: 6.335
vs ROCO:6156: 1.93
Song Shang Electronics Co (ROCO:6156) 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.
Song Shang Electronics Co Return-on-Tangible-Equity Related Terms
Song Shang Electronics Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Song Shang Electronics 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.
Song Shang Electronics Co Return-on-Tangible-Equity Chart
ROCO:6156 vs APH, GLW, TEL: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Song Shang Electronics 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.
Song Shang Electronics Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Song Shang Electronics Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Song Shang Electronics 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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 3.25% mean?
Song Shang Electronics Co (ROCO:6156) has a Return-on-Tangible-Equity of 3.25% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Song Shang Electronics Co and its competitors. This is 69% below median its historical median of 10.57. Over the past decade, Song Shang Electronics Co's Return-on-Tangible-Equity has ranged from 1.93 to 14.84. According to the industry distribution chart, Song Shang Electronics Co ranks #1550 out of 2370 companies in the Hardware industry, placing it in the top 65.4%.
Is Song Shang Electronics Co's Return-on-Tangible-Equity too high?
Song Shang Electronics Co's current Return-on-Tangible-Equity of 3.25% is 69% below median its 10-year median of 10.57. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 14.84. The Hardware industry median Return-on-Tangible-Equity is 6.34. Song Shang Electronics Co's value of 3.25% is 48.7% below this industry median. Based on the distribution chart, Song Shang Electronics Co ranks #1550 out of 2370 companies in the Hardware industry, which is below the industry midpoint. Overall, Song Shang Electronics Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Song Shang Electronics Co's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Song Shang Electronics Co ranks #1550 out of 2370 companies for Return-on-Tangible-Equity. This places Song Shang Electronics Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.34. Song Shang Electronics Co's value of 3.25% is 48.7% below this benchmark. Historically, Song Shang Electronics Co's own Return-on-Tangible-Equity has ranged from 1.93 to 14.84 over the past decade. While the company's 10-year median is 10.57 vs. the industry median of 6.34, Song Shang Electronics Co has consistently been below 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 6.34, based on 2,370 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. Song Shang Electronics Co's current Return-on-Tangible-Equity of 3.25% is 48.7% below 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 Song Shang Electronics Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 6.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Song Shang Electronics Co's current Return-on-Tangible-Equity is 3.25%, which is 69% below median its own 10-year median of 10.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Song Shang Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Song Shang Electronics Co (ROCO:6156) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$26.57, compared to a current price of NT$20.55 — trading 22.7% below its estimated fair value. The current Return-on-Tangible-Equity is 3.25%, which is 69% below median its 10-year median of 10.57 and 48.7% below the Hardware industry median of 6.34. Song Shang Electronics Co's overall GF Score™ is 70/100 with 9 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 Song Shang Electronics Co (ROCO:6156), the current Return-on-Tangible-Equity is 3.25% as of Jun. 2026. 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 Song Shang Electronics Co (ROCO:6156) Overvalued in 2026?
Based on GuruFocus' analysis, Song Shang Electronics Co stock appears to be undervalued.
The current stock price of NT$20.55 is trading 22.7% below its estimated GF Value™ of NT$26.57.
GuruFocus considers Song Shang Electronics Co to be Modestly Undervalued.
Key valuation signals for ROCO:6156:
Return-on-Tangible-Equity: 3.25% (69% below median its 10-year median of 10.57)
GF Value™: NT$26.57 vs. price of NT$20.55 (22.7% below fair value)
Industry Position: 48.7% below the Hardware median (#1550 of 2370)
No single metric tells the full story. See the ROCO:6156 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Song Shang Electronics Co Ltd is engaged in the production and sales of electronic components and related products. Its products include transformers, magnetic components, printed circuit boards, filters, and inductors, which are mainly used in various power supplies such as Adapter, Led TVs, Lcd TVs, chargers, Game Console, Desktop, Monitor, Printer, Lighting, and communication. It operates in two segments. PCB Segment is responsible for the production and sales of printed circuit boards. Transformer Segment: This segment is responsible for producing and selling transformers and resistors.
70GF Score
Get the complete analysis for ROCO:6156
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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