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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. Changs Ascending Enterprise Co's annualized net income for the quarter that ended in Dec. 2025 was NT$27.0 Mil. Changs Ascending Enterprise Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$427.7 Mil. Therefore, Changs Ascending Enterprise Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 6.31%.
The historical rank and industry rank for Changs Ascending Enterprise Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:8038'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -32.28 Med: -11.28 Max: 14.49
Current: 14.49
During the past 13 years, Changs Ascending Enterprise Co's highest Return-on-Tangible-Equity was 14.49%. The lowest was -32.28%. And the median was -11.28%.
ROCO:8038's Return-on-Tangible-Equity is ranked better than 76.34% of 2971
companies
in the Industrial Products industry
Industry Median: 6.78
vs ROCO:8038: 14.49
Changs Ascending Enterprise Co (ROCO:8038) 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.
Changs Ascending Enterprise Co Return-on-Tangible-Equity Related Terms
Changs Ascending Enterprise Co 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.
Changs Ascending Enterprise Co Return-on-Tangible-Equity Chart
ROCO:8038 vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, Changs Ascending Enterprise Co'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.
Changs Ascending Enterprise Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Changs Ascending Enterprise Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Changs Ascending Enterprise Co'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 6.31% mean?
Changs Ascending Enterprise Co (ROCO:8038) has a Return-on-Tangible-Equity of 6.31% 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 Changs Ascending Enterprise Co and its competitors. According to the industry distribution chart, Changs Ascending Enterprise Co ranks #703 out of 2971 companies in the Industrial Products industry, placing it in the top 23.7%.
Is Changs Ascending Enterprise Co's Return-on-Tangible-Equity too high?
Changs Ascending Enterprise Co's current Return-on-Tangible-Equity is 6.31%. The Industrial Products industry median Return-on-Tangible-Equity is 6.78. Changs Ascending Enterprise Co's value of 6.31% is 6.9% below this industry median. Based on the distribution chart, Changs Ascending Enterprise Co ranks #703 out of 2971 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Changs Ascending Enterprise Co has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Changs Ascending Enterprise Co's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Changs Ascending Enterprise Co ranks #703 out of 2971 companies for Return-on-Tangible-Equity. This places Changs Ascending Enterprise Co in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.78. Changs Ascending Enterprise Co's value of 6.31% is 6.9% below this benchmark. 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 2,971 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. Changs Ascending Enterprise Co's current Return-on-Tangible-Equity of 6.31% is 6.9% 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 Changs Ascending Enterprise Co 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. Changs Ascending Enterprise Co's current Return-on-Tangible-Equity is 6.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changs Ascending Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Changs Ascending Enterprise Co (ROCO:8038) is currently considered Possible Value Trap. The stock's GF Value™ is NT$92.60, compared to a current price of NT$36.80 — trading 60.3% below its estimated fair value. The current Return-on-Tangible-Equity is 6.31% and 6.9% below the Industrial Products industry median of 6.78. Changs Ascending Enterprise Co's overall GF Score™ is 61/100 with 8 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 Changs Ascending Enterprise Co (ROCO:8038), the current Return-on-Tangible-Equity is 6.31% 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 Changs Ascending Enterprise Co (ROCO:8038) Overvalued in 2026?
Based on GuruFocus' analysis, Changs Ascending Enterprise Co stock appears to be undervalued.
The current stock price of NT$36.80 is trading 60.3% below its estimated GF Value™ of NT$92.60.
GuruFocus considers Changs Ascending Enterprise Co to be Possible Value Trap.
Key valuation signals for ROCO:8038:
Return-on-Tangible-Equity: 6.31%
GF Value™: NT$92.60 vs. price of NT$36.80 (60.3% below fair value)
Industry Position: 6.9% below the Industrial Products median (#703 of 2971)
No single metric tells the full story. See the ROCO:8038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changs Ascending Enterprise Co Business Description
Changs Ascending Enterprise Co Ltd is engaged in the manufacturing, research, and development of lithium-iron batteries and its materials, as well as technology transfer and leasing, and sales of battery modules. The company derives maximum revenue from Lithium-iron battery modules.
61GF Score
Get the complete analysis for ROCO:8038
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