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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. Rich Circle Development Co's annualized net income for the quarter that ended in Mar. 2026 was NT$-71.36 Mil. Rich Circle Development Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was NT$4,730.13 Mil. Therefore, Rich Circle Development Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -1.51%.
The historical rank and industry rank for Rich Circle Development Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6198'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -24.6 Med: -1.75 Max: 16.87
Current: -0.98
During the past 13 years, Rich Circle Development Co's highest Return-on-Tangible-Equity was 16.87%. The lowest was -24.60%. And the median was -1.75%.
ROCO:6198's Return-on-Tangible-Equity is ranked worse than 67.82% of 985
companies
in the Semiconductors industry
Industry Median: 5.36
vs ROCO:6198: -0.98
Rich Circle Development Co (ROCO:6198) 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.
Rich Circle Development Co Return-on-Tangible-Equity Related Terms
Rich Circle Development 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.
Rich Circle Development Co Return-on-Tangible-Equity Chart
ROCO:6198 vs NVDA, AVGO, MU: Return-on-Tangible-Equity Comparison
For the Semiconductors subindustry, Rich Circle Development 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.
Rich Circle Development Co Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Rich Circle Development Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Rich Circle Development 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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -1.51% mean?
Rich Circle Development Co (ROCO:6198) has a Return-on-Tangible-Equity of -1.51% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Rich Circle Development Co and its competitors. According to the industry distribution chart, Rich Circle Development Co ranks #668 out of 985 companies in the Semiconductors industry, placing it in the top 67.8%.
Is Rich Circle Development Co's Return-on-Tangible-Equity too high?
Rich Circle Development Co's current Return-on-Tangible-Equity is -1.51%. Based on the distribution chart, Rich Circle Development Co ranks #668 out of 985 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Rich Circle Development Co has a GF Score™ of 27/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rich Circle Development Co's Return-on-Tangible-Equity compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Rich Circle Development Co ranks #668 out of 985 companies for Return-on-Tangible-Equity. This places Rich Circle Development Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.36. 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 Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.36, based on 985 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. 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 Rich Circle Development Co and its competitors. For the Semiconductors 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. Rich Circle Development Co's current Return-on-Tangible-Equity is -1.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rich Circle Development Co stock overvalued right now?
Based on GuruFocus' analysis, Rich Circle Development Co (ROCO:6198) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$0.57, compared to a current price of NT$18.70 — trading 3180.7% above its estimated fair value. The current Return-on-Tangible-Equity is -1.51%. Rich Circle Development Co's overall GF Score™ is 27/100 with 7 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 Rich Circle Development Co (ROCO:6198), the current Return-on-Tangible-Equity is -1.51% as of Mar. 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 Rich Circle Development Co (ROCO:6198) Overvalued in 2026?
Based on GuruFocus' analysis, Rich Circle Development Co stock appears to be overvalued.
The current stock price of NT$18.70 is trading 3180.7% above its estimated GF Value™ of NT$0.57.
GuruFocus considers Rich Circle Development Co to be Significantly Overvalued.
Key valuation signals for ROCO:6198:
Return-on-Tangible-Equity: -1.51%
GF Value™: NT$0.57 vs. price of NT$18.70 (3180.7% above fair value)
No single metric tells the full story. See the ROCO:6198 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rich Circle Development Co Ltd is mainly engaged in the design, marketing and sales of integrated circuits, semiconductor memory components, digital communication products, computer peripherals, semiconductor components and other related businesses. The Company has two reportable operating segments: the Development department, which engages in development of commercial buildings, public housing and industrial plant for leasing and sales; and the Construction department, which engages in the business of construction and civil engineering and generates maximum revenue.
27GF Score
Get the complete analysis for ROCO:6198
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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