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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. Forward Electronics Co's annualized net income for the quarter that ended in Dec. 2025 was NT$-349.8 Mil. Forward Electronics Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$1,354.8 Mil. Therefore, Forward Electronics Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -25.82%.
The historical rank and industry rank for Forward Electronics Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:8085'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -11.72 Med: -6.12 Max: 10.82
Current: -9.6
During the past 13 years, Forward Electronics Co's highest Return-on-Tangible-Equity was 10.82%. The lowest was -11.72%. And the median was -6.12%.
ROCO:8085's Return-on-Tangible-Equity is ranked worse than 82.35% of 2385
companies
in the Hardware industry
Industry Median: 5.32
vs ROCO:8085: -9.60
Forward Electronics Co (ROCO:8085) 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.
Forward Electronics Co Return-on-Tangible-Equity Related Terms
Forward Electronics Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Forward Electronics Co'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.
Forward Electronics Co Return-on-Tangible-Equity Chart
ROCO:8085 vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Forward Electronics 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.
Forward Electronics Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Forward Electronics Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Forward Electronics 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 -25.82% mean?
Forward Electronics Co (ROCO:8085) has a Return-on-Tangible-Equity of -25.82% 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 Forward Electronics Co and its competitors. According to the industry distribution chart, Forward Electronics Co ranks #1964 out of 2385 companies in the Hardware industry, placing it in the top 82.3%.
Is Forward Electronics Co's Return-on-Tangible-Equity too high?
Forward Electronics Co's current Return-on-Tangible-Equity is -25.82%. Based on the distribution chart, Forward Electronics Co ranks #1964 out of 2385 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Forward Electronics Co has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forward Electronics Co's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Forward Electronics Co ranks #1964 out of 2385 companies for Return-on-Tangible-Equity. This places Forward Electronics Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.32. 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.32, based on 2,385 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 Forward Electronics Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Electronics Co's current Return-on-Tangible-Equity is -25.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Forward Electronics Co (ROCO:8085) is currently considered Possible Value Trap. The stock's GF Value™ is NT$29.90, compared to a current price of NT$11.10 — trading 62.9% below its estimated fair value. The current Return-on-Tangible-Equity is -25.82%. Forward Electronics Co's overall GF Score™ is 44/100 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 Forward Electronics Co (ROCO:8085), the current Return-on-Tangible-Equity is -25.82% 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 Forward Electronics Co (ROCO:8085) Overvalued in 2026?
Based on GuruFocus' analysis, Forward Electronics Co stock appears to be undervalued.
The current stock price of NT$11.10 is trading 62.9% below its estimated GF Value™ of NT$29.90.
GuruFocus considers Forward Electronics Co to be Possible Value Trap.
Key valuation signals for ROCO:8085:
Return-on-Tangible-Equity: -25.82%
GF Value™: NT$29.90 vs. price of NT$11.10 (62.9% below fair value)
No single metric tells the full story. See the ROCO:8085 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forward Electronics Co Ltd is engaged in the manufacturing, development, and sales of backlight modules, liquid crystal display modules, switches, variable resistors, sensors, and bit generators, Produces peripheral products for information appliances, including game consoles, vehicle anti-collision systems, and lighting products as well as carbon credits development, carbon neutral consulting, and energy storage solutions. Company has divided its business into three segments Optoelectronic segment, Electronics components products segment and Electronics applications products segment. Geographically, company has it's presence in Mainland China, Taiwan and others.
44GF Score
Get the complete analysis for ROCO:8085
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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