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. Alpha Microelectronics's annualized net income for the quarter that ended in Dec. 2025 was NT$-105.1 Mil. Alpha Microelectronics's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$422.8 Mil. Therefore, Alpha Microelectronics's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -24.86%.
The historical rank and industry rank for Alpha Microelectronics's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:8024'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -24.79 Med: -1.14 Max: 14.45
Current: -24.79
During the past 13 years, Alpha Microelectronics's highest Return-on-Tangible-Equity was 14.45%. The lowest was -24.79%. And the median was -1.14%.
ROCO:8024's Return-on-Tangible-Equity is ranked worse than 88.21% of 984
companies
in the Semiconductors industry
Industry Median: 5.24
vs ROCO:8024: -24.79
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.
Alpha Microelectronics Return-on-Tangible-Equity Related Terms
Alpha Microelectronics Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Alpha Microelectronics'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:8024 vs NVDA, AVGO, MU: Return-on-Tangible-Equity Comparison
For the Semiconductors subindustry, Alpha Microelectronics'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.
Alpha Microelectronics Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Alpha Microelectronics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Alpha Microelectronics'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 -24.86% mean?
Alpha Microelectronics (ROCO:8024) has a Return-on-Tangible-Equity of -24.86% 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 Alpha Microelectronics and its competitors. According to the industry distribution chart, Alpha Microelectronics ranks #868 out of 984 companies in the Semiconductors industry, placing it in the top 88.2%.
Is Alpha Microelectronics' Return-on-Tangible-Equity too high?
Alpha Microelectronics' current Return-on-Tangible-Equity is -24.86%. Based on the distribution chart, Alpha Microelectronics ranks #868 out of 984 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Alpha Microelectronics has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alpha Microelectronics' Return-on-Tangible-Equity compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Alpha Microelectronics ranks #868 out of 984 companies for Return-on-Tangible-Equity. This places Alpha Microelectronics in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.24. 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 Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.24, based on 984 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. 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 Alpha Microelectronics and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alpha Microelectronics's current Return-on-Tangible-Equity is -24.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, Alpha Microelectronics (ROCO:8024) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$10.34, compared to a current price of NT$15.30 — trading 48% above its estimated fair value. The current Return-on-Tangible-Equity is -24.86%. Alpha Microelectronics' overall GF Score™ is 59/100 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 Alpha Microelectronics (ROCO:8024), the current Return-on-Tangible-Equity is -24.86% 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 Alpha Microelectronics (ROCO:8024) Overvalued in 2026?
Based on GuruFocus' analysis, Alpha Microelectronics stock appears to be overvalued.
The current stock price of NT$15.30 is trading 48% above its estimated GF Value™ of NT$10.34.
GuruFocus considers Alpha Microelectronics to be Significantly Overvalued.
Key valuation signals for ROCO:8024:
Return-on-Tangible-Equity: -24.86%
GF Value™: NT$10.34 vs. price of NT$15.30 (48% above fair value)
No single metric tells the full story. See the ROCO:8024 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alpha Microelectronics Corp is a Taiwan based company engages in the design, research, development, application, and marketing of integrated circuits. Its product range covers voice ICs, voice integrated MCUs and IC recording products.
59GF Score
Get the complete analysis for ROCO:8024
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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