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Wave Power TechnologyROCO:6895 -2.81%65 Return-on-Tangible-Equity is 13.05% as of Dec. 2025, which is 10% above its 10-year median of 11.87. GuruFocus rates ROCO:6895 with a GF Score™ of 65/100 and a GF Value™ of NT$301.95 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,969 Industrial Products companies, Wave Power Technology ranks better than 70.73% 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. Wave Power Technology's annualized net income for the quarter that ended in Dec. 2025 was NT$136.3 Mil. Wave Power Technology's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$1,044.2 Mil. Therefore, Wave Power Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 13.05%.
The historical rank and industry rank for Wave Power Technology's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6895'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.03 Med: 11.87 Max: 18.89
Current: 12.26
During the past 8 years, Wave Power Technology's highest Return-on-Tangible-Equity was 18.89%. The lowest was 4.03%. And the median was 11.87%.
ROCO:6895's Return-on-Tangible-Equity is ranked better than 70.73% of 2969
companies
in the Industrial Products industry
Industry Median: 6.76
vs ROCO:6895: 12.26
Wave Power Technology (ROCO:6895) 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.
Wave Power Technology Return-on-Tangible-Equity Related Terms
Wave Power Technology Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Wave Power 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.
Wave Power Technology Return-on-Tangible-Equity Chart
ROCO:6895 vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, Wave Power 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.
Wave Power Technology Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Wave Power Technology's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Wave Power 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 13.05% mean?
Wave Power Technology (ROCO:6895) has a Return-on-Tangible-Equity of 13.05% 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 Wave Power Technology and its competitors. This is 10% above median its historical median of 11.87. Over the past decade, Wave Power Technology's Return-on-Tangible-Equity has ranged from 4.03 to 18.89. According to the industry distribution chart, Wave Power Technology ranks #869 out of 2969 companies in the Industrial Products industry, placing it in the top 29.3%.
Is Wave Power Technology's Return-on-Tangible-Equity too high?
Wave Power Technology's current Return-on-Tangible-Equity of 13.05% is 10% above median its 10-year median of 11.87. Over the past 10 years, this metric has ranged from a low of 4.03 to a high of 18.89. The Industrial Products industry median Return-on-Tangible-Equity is 6.76. Wave Power Technology's value of 13.05% is 93% above this industry median. Based on the distribution chart, Wave Power Technology ranks #869 out of 2969 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Wave Power Technology has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wave Power Technology's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Wave Power Technology ranks #869 out of 2969 companies for Return-on-Tangible-Equity. This puts Wave Power Technology in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.76. Wave Power Technology's value of 13.05% is 93% above this benchmark. Historically, Wave Power Technology's own Return-on-Tangible-Equity has ranged from 4.03 to 18.89 over the past decade. While the company's 10-year median is 11.87 vs. the industry median of 6.76, Wave Power 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 6.76, based on 2,969 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. Wave Power Technology's current Return-on-Tangible-Equity of 13.05% is 93% 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 Wave Power Technology 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. Wave Power Technology's current Return-on-Tangible-Equity is 13.05%, which is 10% above median its own 10-year median of 11.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wave Power Technology stock overvalued right now?
Based on GuruFocus' analysis, Wave Power Technology (ROCO:6895) is currently considered Possible Value Trap. The stock's GF Value™ is NT$301.95, compared to a current price of NT$121.00 — trading 59.9% below its estimated fair value. The current Return-on-Tangible-Equity is 13.05%, which is 10% above median its 10-year median of 11.87 and 93% above the Industrial Products industry median of 6.76. Wave Power Technology's overall GF Score™ is 65/100 with 4 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 Wave Power Technology (ROCO:6895), the current Return-on-Tangible-Equity is 13.05% 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 Wave Power Technology (ROCO:6895) Overvalued in 2026?
Based on GuruFocus' analysis, Wave Power Technology stock appears to be undervalued.
The current stock price of NT$121.00 is trading 59.9% below its estimated GF Value™ of NT$301.95.
GuruFocus considers Wave Power Technology to be Possible Value Trap.
Key valuation signals for ROCO:6895:
Return-on-Tangible-Equity: 13.05% (10% above median its 10-year median of 11.87)
GF Value™: NT$301.95 vs. price of NT$121.00 (59.9% below fair value)
Industry Position: 93% above the Industrial Products median (#869 of 2969)
No single metric tells the full story. See the ROCO:6895 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wave Power Technology Inc manufactures and distributes electrical power equipment. Its products are based on proprietary 4-H technology associated with high power, frequency, voltage, and vacuum. Its product portfolio comprises of Microwave Generator, Industrial Magnetron, Variable Capacitor, Feedthrough, Vacuum View Port, High-voltage Break-off Section, Magnet, Heater, and Hermetic Sealing.
65GF Score
Get the complete analysis for ROCO:6895
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