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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. Ever-Clear Environmental Eng's annualized net income for the quarter that ended in Dec. 2025 was NT$32.2 Mil. Ever-Clear Environmental Eng's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$459.8 Mil. Therefore, Ever-Clear Environmental Eng's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 7.00%.
The historical rank and industry rank for Ever-Clear Environmental Eng's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6624'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.78 Med: 5.18 Max: 22.91
Current: 1.69
During the past 13 years, Ever-Clear Environmental Eng's highest Return-on-Tangible-Equity was 22.91%. The lowest was -4.78%. And the median was 5.18%.
ROCO:6624's Return-on-Tangible-Equity is ranked worse than 64% of 225
companies
in the Waste Management industry
Industry Median: 9.67
vs ROCO:6624: 1.69
Ever-Clear Environmental Eng (ROCO:6624) 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.
Ever-Clear Environmental Eng Return-on-Tangible-Equity Related Terms
Ever-Clear Environmental Eng 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.
Ever-Clear Environmental Eng Return-on-Tangible-Equity Chart
ROCO:6624 vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Ever-Clear Environmental Eng'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.
Ever-Clear Environmental Eng Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Ever-Clear Environmental Eng's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ever-Clear Environmental Eng'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 7.00% mean?
Ever-Clear Environmental Eng (ROCO:6624) has a Return-on-Tangible-Equity of 7.00% 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 Ever-Clear Environmental Eng and its competitors. This is 35% above median its historical median of 5.18. According to the industry distribution chart, Ever-Clear Environmental Eng ranks #144 out of 225 companies in the Waste Management industry, placing it in the top 64%.
Is Ever-Clear Environmental Eng's Return-on-Tangible-Equity too high?
Ever-Clear Environmental Eng's current Return-on-Tangible-Equity of 7.00% is 35% above median its 10-year median of 5.18. The Waste Management industry median Return-on-Tangible-Equity is 9.67. Ever-Clear Environmental Eng's value of 7.00% is 27.6% below this industry median. Based on the distribution chart, Ever-Clear Environmental Eng ranks #144 out of 225 companies in the Waste Management industry, which is below the industry midpoint. Overall, Ever-Clear Environmental Eng has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ever-Clear Environmental Eng's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Ever-Clear Environmental Eng ranks #144 out of 225 companies for Return-on-Tangible-Equity. This places Ever-Clear Environmental Eng in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.67. Ever-Clear Environmental Eng's value of 7.00% is 27.6% below this benchmark. While the company's 10-year median is 5.18 vs. the industry median of 9.67, Ever-Clear Environmental Eng 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 a Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.67, based on 225 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. Ever-Clear Environmental Eng's current Return-on-Tangible-Equity of 7.00% is 27.6% 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 Ever-Clear Environmental Eng and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ever-Clear Environmental Eng's current Return-on-Tangible-Equity is 7.00%, which is 35% above median its own 10-year median of 5.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ever-Clear Environmental Eng stock overvalued right now?
Based on GuruFocus' analysis, Ever-Clear Environmental Eng (ROCO:6624) is currently considered Fairly Valued. The stock's GF Value™ is NT$38.45, compared to a current price of NT$41.50 — trading 7.9% above its estimated fair value. The current Return-on-Tangible-Equity is 7.00%, which is 35% above median its 10-year median of 5.18 and 27.6% below the Waste Management industry median of 9.67. Ever-Clear Environmental Eng's overall GF Score™ is 85/100 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 Ever-Clear Environmental Eng (ROCO:6624), the current Return-on-Tangible-Equity is 7.00% 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 Ever-Clear Environmental Eng (ROCO:6624) Overvalued in 2026?
Based on GuruFocus' analysis, Ever-Clear Environmental Eng stock appears to be overvalued.
The current stock price of NT$41.50 is trading 7.9% above its estimated GF Value™ of NT$38.45.
GuruFocus considers Ever-Clear Environmental Eng to be Fairly Valued.
Key valuation signals for ROCO:6624:
Return-on-Tangible-Equity: 7.00% (35% above median its 10-year median of 5.18)
GF Value™: NT$38.45 vs. price of NT$41.50 (7.9% above fair value)
Industry Position: 27.6% below the Waste Management median (#144 of 225)
No single metric tells the full story. See the ROCO:6624 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ever-Clear Environmental Eng Corp is a Taiwan-based wastewater management company. It engages in the evaluation, planning, and design of industrial wastewater, sewage, sludge, supply water, underground water, and organic gas emission treatment processes.
85GF Score
Get the complete analysis for ROCO:6624
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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