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Taiwan Hopax Chemicals MFG CoROCO:6509 -4.27%76 Return-on-Tangible-Equity is 7.91% as of Dec. 2025, which is 25% below its 10-year median of 10.56. GuruFocus rates ROCO:6509 with a GF Score™ of 76/100 and a GF Value™ of NT$32.40 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,570 Chemicals companies, Taiwan Hopax Chemicals MFG Co ranks better than 73.12% 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. Taiwan Hopax Chemicals MFG Co's annualized net income for the quarter that ended in Dec. 2025 was NT$406 Mil. Taiwan Hopax Chemicals MFG Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$5,139 Mil. Therefore, Taiwan Hopax Chemicals MFG Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 7.91%.
The historical rank and industry rank for Taiwan Hopax Chemicals MFG Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6509'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.76 Med: 10.56 Max: 17.88
Current: 11.33
During the past 13 years, Taiwan Hopax Chemicals MFG Co's highest Return-on-Tangible-Equity was 17.88%. The lowest was 2.76%. And the median was 10.56%.
ROCO:6509's Return-on-Tangible-Equity is ranked better than 73.12% of 1570
companies
in the Chemicals industry
Industry Median: 5.77
vs ROCO:6509: 11.33
Taiwan Hopax Chemicals MFG Co (ROCO:6509) 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.
Taiwan Hopax Chemicals MFG Co Return-on-Tangible-Equity Related Terms
Taiwan Hopax Chemicals MFG 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.
Taiwan Hopax Chemicals MFG Co Return-on-Tangible-Equity Chart
ROCO:6509 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Taiwan Hopax Chemicals MFG 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.
Taiwan Hopax Chemicals MFG Co Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Taiwan Hopax Chemicals MFG Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Taiwan Hopax Chemicals MFG 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 (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 7.91% mean?
Taiwan Hopax Chemicals MFG Co (ROCO:6509) has a Return-on-Tangible-Equity of 7.91% 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 Taiwan Hopax Chemicals MFG Co and its competitors. This is 25% below median its historical median of 10.56. Over the past decade, Taiwan Hopax Chemicals MFG Co's Return-on-Tangible-Equity has ranged from 2.76 to 17.88. According to the industry distribution chart, Taiwan Hopax Chemicals MFG Co ranks #422 out of 1570 companies in the Chemicals industry, placing it in the top 26.9%.
Is Taiwan Hopax Chemicals MFG Co's Return-on-Tangible-Equity too high?
Taiwan Hopax Chemicals MFG Co's current Return-on-Tangible-Equity of 7.91% is 25% below median its 10-year median of 10.56. Over the past 10 years, this metric has ranged from a low of 2.76 to a high of 17.88. The Chemicals industry median Return-on-Tangible-Equity is 5.77. Taiwan Hopax Chemicals MFG Co's value of 7.91% is 37.1% above this industry median. Based on the distribution chart, Taiwan Hopax Chemicals MFG Co ranks #422 out of 1570 companies in the Chemicals industry, which is above the industry midpoint. Overall, Taiwan Hopax Chemicals MFG Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Hopax Chemicals MFG Co's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Taiwan Hopax Chemicals MFG Co ranks #422 out of 1570 companies for Return-on-Tangible-Equity. This puts Taiwan Hopax Chemicals MFG Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.77. Taiwan Hopax Chemicals MFG Co's value of 7.91% is 37.1% above this benchmark. Historically, Taiwan Hopax Chemicals MFG Co's own Return-on-Tangible-Equity has ranged from 2.76 to 17.88 over the past decade. While the company's 10-year median is 10.56 vs. the industry median of 5.77, Taiwan Hopax Chemicals MFG 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.77, based on 1,570 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. Taiwan Hopax Chemicals MFG Co's current Return-on-Tangible-Equity of 7.91% is 37.1% 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 Taiwan Hopax Chemicals MFG Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Hopax Chemicals MFG Co's current Return-on-Tangible-Equity is 7.91%, which is 25% below median its own 10-year median of 10.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Hopax Chemicals MFG Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Hopax Chemicals MFG Co (ROCO:6509) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$32.40, compared to a current price of NT$48.15 — trading 48.6% above its estimated fair value. The current Return-on-Tangible-Equity is 7.91%, which is 25% below median its 10-year median of 10.56 and 37.1% above the Chemicals industry median of 5.77. Taiwan Hopax Chemicals MFG Co's overall GF Score™ is 76/100 with 1 warning sign 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 Taiwan Hopax Chemicals MFG Co (ROCO:6509), the current Return-on-Tangible-Equity is 7.91% 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 Taiwan Hopax Chemicals MFG Co (ROCO:6509) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Hopax Chemicals MFG Co stock appears to be overvalued.
The current stock price of NT$48.15 is trading 48.6% above its estimated GF Value™ of NT$32.40.
GuruFocus considers Taiwan Hopax Chemicals MFG Co to be Significantly Overvalued.
Key valuation signals for ROCO:6509:
Return-on-Tangible-Equity: 7.91% (25% below median its 10-year median of 10.56)
GF Value™: NT$32.40 vs. price of NT$48.15 (48.6% above fair value)
Industry Position: 37.1% above the Chemicals median (#422 of 1570)
No single metric tells the full story. See the ROCO:6509 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Hopax Chemicals MFG Co Business Description
Taiwan Hopax Chemicals MFG Co Ltd manufactures, processes and sells chemical raw materials for pharmaceuticals, industrial, paper making and office stationery. Its product range includes Biopharmaceuticals, Biological reagents, Cell culture medium, Diagnostic Reagent Kits, Electroplating Additives, Lithium battery additives, Dispersants, Carbon-free copy paper specialty chemicals, Wet End Chemicals, Coating Additives, and Boiler water treatment agent. The company's segments include Specialty Chemicals, Fine Chemicals, Office Stationery, and Other segment.
76GF Score
Get the complete analysis for ROCO:6509
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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