P-Duke Technology Co (ROCO:8109) Return-on-Tangible-Equity: 23.42% (As of Jun. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:8109 P-Duke Technology Co Ltd ROCO:8109
86 GF Score
Price NT$129.50
GF Value NT$105.39
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is P-Duke Technology Co Return-on-Tangible-Equity?

P-Duke Technology Co ROCO:8109 +0.78% 86 Return-on-Tangible-Equity is 23.42% as of Jun. 2026, which is 2% above its 10-year median of 22.90. GuruFocus rates ROCO:8109 with a GF Score™ of 86/100 and a GF Value™ of NT$105.39 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,979 Industrial Products companies, P-Duke Technology Co ranks better than 84.06% 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. P-Duke Technology Co's annualized net income for the quarter that ended in Jun. 2026 was NT$680 Mil. P-Duke Technology Co's average shareholder tangible equity for the quarter that ended in Jun. 2026 was NT$2,906 Mil. Therefore, P-Duke Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 23.42%.

The historical rank and industry rank for P-Duke Technology Co's Return-on-Tangible-Equity or its related term are showing as below:

ROCO:8109' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 16.6   Med: 22.9   Max: 32.33
Current: 20.75

During the past 13 years, P-Duke Technology Co's highest Return-on-Tangible-Equity was 32.33%. The lowest was 16.60%. And the median was 22.90%.

ROCO:8109's Return-on-Tangible-Equity is ranked better than
84.06% of 2979 companies
in the Industrial Products industry
Industry Median: 7.01 vs ROCO:8109: 20.75

P-Duke Technology Co  (ROCO:8109) 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.


P-Duke Technology Co Return-on-Tangible-Equity Related Terms


P-Duke Technology Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for P-Duke Technology 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.

P-Duke Technology Co Return-on-Tangible-Equity Chart

P-Duke Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.02 30.61 23.21 17.71 16.60

P-Duke Technology Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.51 20.73 19.21 19.41 23.42

ROCO:8109 vs VRT, BE: Return-on-Tangible-Equity Comparison

For the Electrical Equipment & Parts subindustry, P-Duke Technology 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.


P-Duke Technology Co Return-on-Tangible-Equity vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, P-Duke Technology Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where P-Duke Technology Co's Return-on-Tangible-Equity falls into.


ROCO:8109
86GF Score
P-Duke Technology Co Ltd ROCO:8109
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

P-Duke Technology Co Return-on-Tangible-Equity Calculation

P-Duke Technology Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=508.006/( (3027.927+3092.023 )/ 2 )
=508.006/3059.975
=16.60 %

P-Duke Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=680.424/( (2835.466+2976.322)/ 2 )
=680.424/2905.894
=23.42 %

* 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 (Jun. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 23.42% mean?
P-Duke Technology Co (ROCO:8109) has a Return-on-Tangible-Equity of 23.42% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on P-Duke Technology Co and its competitors. This is near median its historical median of 22.90. Over the past decade, P-Duke Technology Co's Return-on-Tangible-Equity has ranged from 16.60 to 32.33. According to the industry distribution chart, P-Duke Technology Co ranks #475 out of 2979 companies in the Industrial Products industry, placing it in the top 15.9%.
Is P-Duke Technology Co's Return-on-Tangible-Equity too high?
P-Duke Technology Co's current Return-on-Tangible-Equity of 23.42% is near median its 10-year median of 22.90. Over the past 10 years, this metric has ranged from a low of 16.60 to a high of 32.33. The Industrial Products industry median Return-on-Tangible-Equity is 7.01. P-Duke Technology Co's value of 23.42% is 234.1% above this industry median. Based on the distribution chart, P-Duke Technology Co ranks #475 out of 2979 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, P-Duke Technology Co has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does P-Duke Technology Co's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, P-Duke Technology Co ranks #475 out of 2979 companies for Return-on-Tangible-Equity. This places P-Duke Technology Co in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.01. P-Duke Technology Co's value of 23.42% is 234.1% above this benchmark. Historically, P-Duke Technology Co's own Return-on-Tangible-Equity has ranged from 16.60 to 32.33 over the past decade. While the company's 10-year median is 22.90 vs. the industry median of 7.01, P-Duke Technology Co 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 7.01, based on 2,979 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. P-Duke Technology Co's current Return-on-Tangible-Equity of 23.42% is 234.1% 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 P-Duke Technology Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 7.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. P-Duke Technology Co's current Return-on-Tangible-Equity is 23.42%, which is near median its own 10-year median of 22.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is P-Duke Technology Co stock overvalued right now?
Based on GuruFocus' analysis, P-Duke Technology Co (ROCO:8109) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$105.39, compared to a current price of NT$129.50 — trading 22.9% above its estimated fair value. The current Return-on-Tangible-Equity is 23.42%, which is near median its 10-year median of 22.90 and 234.1% above the Industrial Products industry median of 7.01. P-Duke Technology Co's overall GF Score™ is 86/100 with 2 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 P-Duke Technology Co (ROCO:8109), the current Return-on-Tangible-Equity is 23.42% as of Jun. 2026. 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 P-Duke Technology Co (ROCO:8109) Overvalued in 2026?

Based on GuruFocus' analysis, P-Duke Technology Co stock appears to be overvalued. The current stock price of NT$129.50 is trading 22.9% above its estimated GF Value™ of NT$105.39. GuruFocus considers P-Duke Technology Co to be Modestly Overvalued.

Key valuation signals for ROCO:8109:

  • Return-on-Tangible-Equity: 23.42% (near median its 10-year median of 22.90)
  • GF Value™: NT$105.39 vs. price of NT$129.50 (22.9% above fair value)
  • GF Score™: 86/100 with 2 warning signs
  • Industry Position: 234.1% above the Industrial Products median (#475 of 2979)

No single metric tells the full story. See the ROCO:8109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


P-Duke Technology Co Business Description

Address No 36, 22nd Road, Taichung Industrial Park, Nantun District, Taichung City, TWN, 40850
P-Duke Technology Co Ltd is engaged in the manufacture, processing and trading of various AC/DC power supplies, converters, telecommunications equipment, computer software and hardware and peripheral equipment and their components. The company owns, designs, and manufactures DC-DC converters & AC-DC power supplies business under the P-DUKE brand. Its product categories are AC-DC power supplies, converters, telecommunications equipment, computer software, and hardware peripheral equipment and their components.
86GF Score

Get the complete analysis for ROCO:8109

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$129.50
Price
NT$105.39
GF Value