Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Tera AutotechROCO:6234 +9.54%50 Return-on-Tangible-Equity is 3.34% as of Mar. 2026, which is 19% below its 10-year median of 4.12. GuruFocus rates ROCO:6234 with a GF Score™ of 50/100 and a GF Value™ of NT$17.81 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,973 Industrial Products companies, Tera Autotech ranks worse than 75.14% 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. Tera Autotech's annualized net income for the quarter that ended in Mar. 2026 was NT$93.3 Mil. Tera Autotech's average shareholder tangible equity for the quarter that ended in Mar. 2026 was NT$2,790.5 Mil. Therefore, Tera Autotech's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.34%.
The historical rank and industry rank for Tera Autotech's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6234'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.18 Med: 4.12 Max: 7.8
Current: 0.18
During the past 13 years, Tera Autotech's highest Return-on-Tangible-Equity was 7.80%. The lowest was 0.18%. And the median was 4.12%.
ROCO:6234's Return-on-Tangible-Equity is ranked worse than 75.14% of 2973
companies
in the Industrial Products industry
Industry Median: 6.76
vs ROCO:6234: 0.18
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.
Tera Autotech Return-on-Tangible-Equity Related Terms
Tera Autotech Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tera Autotech'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:6234 vs SNA, RBC, SWK: Return-on-Tangible-Equity Comparison
For the Tools & Accessories subindustry, Tera Autotech'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.
Tera Autotech Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tera Autotech's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tera Autotech'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 3.34% mean?
Tera Autotech (ROCO:6234) has a Return-on-Tangible-Equity of 3.34% 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 Tera Autotech and its competitors. This is 19% below median its historical median of 4.12. Over the past decade, Tera Autotech's Return-on-Tangible-Equity has ranged from 0.18 to 7.80. According to the industry distribution chart, Tera Autotech ranks #2234 out of 2973 companies in the Industrial Products industry, placing it in the top 75.1%.
Is Tera Autotech's Return-on-Tangible-Equity too high?
Tera Autotech's current Return-on-Tangible-Equity of 3.34% is 19% below median its 10-year median of 4.12. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 7.80. The Industrial Products industry median Return-on-Tangible-Equity is 6.76. Tera Autotech's value of 3.34% is 50.6% below this industry median. Based on the distribution chart, Tera Autotech ranks #2234 out of 2973 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Tera Autotech has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tera Autotech's Return-on-Tangible-Equity compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Tera Autotech ranks #2234 out of 2973 companies for Return-on-Tangible-Equity. This places Tera Autotech in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.76. Tera Autotech's value of 3.34% is 50.6% below this benchmark. Historically, Tera Autotech's own Return-on-Tangible-Equity has ranged from 0.18 to 7.80 over the past decade. While the company's 10-year median is 4.12 vs. the industry median of 6.76, Tera Autotech 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.76, based on 2,973 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. Tera Autotech's current Return-on-Tangible-Equity of 3.34% is 50.6% 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 Tera Autotech and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tera Autotech's current Return-on-Tangible-Equity is 3.34%, which is 19% below median its own 10-year median of 4.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tera Autotech stock overvalued right now?
Based on GuruFocus' analysis, Tera Autotech (ROCO:6234) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$17.81, compared to a current price of NT$32.15 — trading 80.5% above its estimated fair value. The current Return-on-Tangible-Equity is 3.34%, which is 19% below median its 10-year median of 4.12 and 50.6% below the Industrial Products industry median of 6.76. Tera Autotech's overall GF Score™ is 50/100 with 8 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 Tera Autotech (ROCO:6234), the current Return-on-Tangible-Equity is 3.34% 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 Tera Autotech (ROCO:6234) Overvalued in 2026?
Based on GuruFocus' analysis, Tera Autotech stock appears to be overvalued.
The current stock price of NT$32.15 is trading 80.5% above its estimated GF Value™ of NT$17.81.
GuruFocus considers Tera Autotech to be Significantly Overvalued.
Key valuation signals for ROCO:6234:
Return-on-Tangible-Equity: 3.34% (19% below median its 10-year median of 4.12)
GF Value™: NT$17.81 vs. price of NT$32.15 (80.5% above fair value)
Industry Position: 50.6% below the Industrial Products median (#2234 of 2973)
No single metric tells the full story. See the ROCO:6234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tera Autotech Corp is a Taiwan-based company specializing in the research, development, design, manufacture, sale, and import and export of industrial automation equipment and precision miniature drills. The company provides automation solutions for diverse industries such as semiconductor, LCD, solar, and printed circuit board manufacturing. Geographically, it serves Taiwan and China. The operating segments of the company are the Equipment Department and the Drill Department, with maximum revenue being generated from the Drill Department.
50GF Score
Get the complete analysis for ROCO:6234
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:6234 has been successfully added to your 
