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ICARES MedicusROCO:6612 +0.14%86 Return-on-Tangible-Equity is 7.66% as of Dec. 2025, which is 28% below its 10-year median of 10.58. GuruFocus rates ROCO:6612 with a GF Score™ of 86/100 and a GF Value™ of NT$190.84 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 758 Medical Devices & Instruments companies, ICARES Medicus ranks better than 54.35% 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. ICARES Medicus's annualized net income for the quarter that ended in Dec. 2025 was NT$74 Mil. ICARES Medicus's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$969 Mil. Therefore, ICARES Medicus's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 7.66%.
The historical rank and industry rank for ICARES Medicus's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6612'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.83 Med: 10.58 Max: 19.1
Current: 5.95
During the past 13 years, ICARES Medicus's highest Return-on-Tangible-Equity was 19.10%. The lowest was 5.83%. And the median was 10.58%.
ROCO:6612's Return-on-Tangible-Equity is ranked better than 54.35% of 758
companies
in the Medical Devices & Instruments industry
Industry Median: 4.055
vs ROCO:6612: 5.95
ICARES Medicus (ROCO:6612) 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.
ICARES Medicus Return-on-Tangible-Equity Related Terms
ICARES Medicus Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ICARES Medicus'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:6612 vs ISRG, BDX, MDLN: Return-on-Tangible-Equity Comparison
For the Medical Instruments & Supplies subindustry, ICARES Medicus'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.
ICARES Medicus Return-on-Tangible-Equity vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, ICARES Medicus's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ICARES Medicus'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 7.66% mean?
ICARES Medicus (ROCO:6612) has a Return-on-Tangible-Equity of 7.66% 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 ICARES Medicus and its competitors. This is 28% below median its historical median of 10.58. Over the past decade, ICARES Medicus' Return-on-Tangible-Equity has ranged from 5.83 to 19.10. According to the industry distribution chart, ICARES Medicus ranks #346 out of 758 companies in the Medical Devices & Instruments industry, placing it in the top 45.6%.
Is ICARES Medicus' Return-on-Tangible-Equity too high?
ICARES Medicus' current Return-on-Tangible-Equity of 7.66% is 28% below median its 10-year median of 10.58. Over the past 10 years, this metric has ranged from a low of 5.83 to a high of 19.10. The Medical Devices & Instruments industry median Return-on-Tangible-Equity is 4.06. ICARES Medicus' value of 7.66% is 88.9% above this industry median. Based on the distribution chart, ICARES Medicus ranks #346 out of 758 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, ICARES Medicus has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ICARES Medicus' Return-on-Tangible-Equity compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, ICARES Medicus ranks #346 out of 758 companies for Return-on-Tangible-Equity. This puts ICARES Medicus in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.06. ICARES Medicus' value of 7.66% is 88.9% above this benchmark. Historically, ICARES Medicus' own Return-on-Tangible-Equity has ranged from 5.83 to 19.10 over the past decade. While the company's 10-year median is 10.58 vs. the industry median of 4.06, ICARES Medicus 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Equity among Medical Devices & Instruments companies is 4.06, based on 758 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. ICARES Medicus's current Return-on-Tangible-Equity of 7.66% is 88.9% 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 ICARES Medicus and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Equity is 4.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICARES Medicus's current Return-on-Tangible-Equity is 7.66%, which is 28% below median its own 10-year median of 10.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICARES Medicus stock overvalued right now?
Based on GuruFocus' analysis, ICARES Medicus (ROCO:6612) is currently considered Possible Value Trap. The stock's GF Value™ is NT$190.84, compared to a current price of NT$71.00 — trading 62.8% below its estimated fair value. The current Return-on-Tangible-Equity is 7.66%, which is 28% below median its 10-year median of 10.58 and 88.9% above the Medical Devices & Instruments industry median of 4.06. ICARES Medicus' overall GF Score™ is 86/100 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 ICARES Medicus (ROCO:6612), the current Return-on-Tangible-Equity is 7.66% 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 ICARES Medicus (ROCO:6612) Overvalued in 2026?
Based on GuruFocus' analysis, ICARES Medicus stock appears to be undervalued.
The current stock price of NT$71.00 is trading 62.8% below its estimated GF Value™ of NT$190.84.
GuruFocus considers ICARES Medicus to be Possible Value Trap.
Key valuation signals for ROCO:6612:
Return-on-Tangible-Equity: 7.66% (28% below median its 10-year median of 10.58)
GF Value™: NT$190.84 vs. price of NT$71.00 (62.8% below fair value)
Industry Position: 88.9% above the Medical Devices & Instruments median (#346 of 758)
No single metric tells the full story. See the ROCO:6612 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICARES Medicus Inc is engaged in providing high-grade nanomedical lubricious coatings and various surface treatments for implantable or interventional medical devices. In addition, it also designs, develops, manufactures, and sells intraocular lenses and nanomedical devices. The company's operating segments are Europe and America, which derive maximum revenue, China, and R.O.C. Geographically, it generates maximum revenue from the United States, followed by Taiwan, Spain, England, Japan, China, Germany, and other countries.
86GF Score
Get the complete analysis for ROCO:6612
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