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Nova TechnologyROCO:6613 -3.30%79 Return-on-Tangible-Equity is 19.52% as of Dec. 2025, which is 28% below its 10-year median of 27.12. GuruFocus rates ROCO:6613 with a GF Score™ of 79/100 and a GF Value™ of NT$150.96 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,972 Industrial Products companies, Nova Technology ranks better than 86.24% 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. Nova Technology's annualized net income for the quarter that ended in Dec. 2025 was NT$1,008 Mil. Nova Technology's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$5,162 Mil. Therefore, Nova Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 19.52%.
The historical rank and industry rank for Nova Technology's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6613'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.82 Med: 27.12 Max: 30.91
Current: 21.45
During the past 13 years, Nova Technology's highest Return-on-Tangible-Equity was 30.91%. The lowest was 17.82%. And the median was 27.12%.
ROCO:6613's Return-on-Tangible-Equity is ranked better than 86.24% of 2972
companies
in the Industrial Products industry
Industry Median: 6.78
vs ROCO:6613: 21.45
Nova Technology (ROCO:6613) 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.
Nova Technology Return-on-Tangible-Equity Related Terms
Nova Technology Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nova Technology'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:6613 vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Nova Technology'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.
Nova Technology Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nova Technology's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nova Technology'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 19.52% mean?
Nova Technology (ROCO:6613) has a Return-on-Tangible-Equity of 19.52% 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 Nova Technology and its competitors. This is 28% below median its historical median of 27.12. Over the past decade, Nova Technology's Return-on-Tangible-Equity has ranged from 17.82 to 30.91. According to the industry distribution chart, Nova Technology ranks #409 out of 2972 companies in the Industrial Products industry, placing it in the top 13.8%.
Is Nova Technology's Return-on-Tangible-Equity too high?
Nova Technology's current Return-on-Tangible-Equity of 19.52% is 28% below median its 10-year median of 27.12. Over the past 10 years, this metric has ranged from a low of 17.82 to a high of 30.91. The Industrial Products industry median Return-on-Tangible-Equity is 6.78. Nova Technology's value of 19.52% is 187.9% above this industry median. Based on the distribution chart, Nova Technology ranks #409 out of 2972 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Nova Technology has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nova Technology's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Nova Technology ranks #409 out of 2972 companies for Return-on-Tangible-Equity. This places Nova Technology in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.78. Nova Technology's value of 19.52% is 187.9% above this benchmark. Historically, Nova Technology's own Return-on-Tangible-Equity has ranged from 17.82 to 30.91 over the past decade. While the company's 10-year median is 27.12 vs. the industry median of 6.78, Nova Technology 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.78, based on 2,972 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. Nova Technology's current Return-on-Tangible-Equity of 19.52% is 187.9% 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 Nova Technology and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nova Technology's current Return-on-Tangible-Equity is 19.52%, which is 28% below median its own 10-year median of 27.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nova Technology stock overvalued right now?
Based on GuruFocus' analysis, Nova Technology (ROCO:6613) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$150.96, compared to a current price of NT$307.50 — trading 103.7% above its estimated fair value. The current Return-on-Tangible-Equity is 19.52%, which is 28% below median its 10-year median of 27.12 and 187.9% above the Industrial Products industry median of 6.78. Nova Technology's overall GF Score™ is 79/100 with 5 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 Nova Technology (ROCO:6613), the current Return-on-Tangible-Equity is 19.52% 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 Nova Technology (ROCO:6613) Overvalued in 2026?
Based on GuruFocus' analysis, Nova Technology stock appears to be overvalued.
The current stock price of NT$307.50 is trading 103.7% above its estimated GF Value™ of NT$150.96.
GuruFocus considers Nova Technology to be Significantly Overvalued.
Key valuation signals for ROCO:6613:
Return-on-Tangible-Equity: 19.52% (28% below median its 10-year median of 27.12)
GF Value™: NT$150.96 vs. price of NT$307.50 (103.7% above fair value)
Industry Position: 187.9% above the Industrial Products median (#409 of 2972)
No single metric tells the full story. See the ROCO:6613 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nova Technology Corp is engaged in import and export, pipeline assembly, and maintenance engineering for various electronic, computer parts and accessories, equipment, chemical materials, and gas components. The company is engaged in implementing and improving High-purity chemical supply and dispensing systems, Special gas supply systems, High-end wet process cleaning equipment, Stripping fluid regeneration systems, and Electronic-grade chemical production and packaging systems, among others, for its clients. Its reportable segments are: China, which generates the maximum revenue, Taiwan, and Others.
79GF Score
Get the complete analysis for ROCO:6613
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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