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Allied Circuit CoROCO:8155 +6.38%80 Return-on-Tangible-Equity is 25.87% as of Dec. 2025, which is 51% above its 10-year median of 17.10. GuruFocus rates ROCO:8155 with a GF Score™ of 80/100 and a GF Value™ of NT$199.41 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,383 Hardware companies, Allied Circuit Co ranks better than 75.66% 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. Allied Circuit Co's annualized net income for the quarter that ended in Dec. 2025 was NT$779 Mil. Allied Circuit Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$3,012 Mil. Therefore, Allied Circuit Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 25.87%.
The historical rank and industry rank for Allied Circuit Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:8155'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.31 Med: 17.1 Max: 30.66
Current: 13.61
During the past 13 years, Allied Circuit Co's highest Return-on-Tangible-Equity was 30.66%. The lowest was 9.31%. And the median was 17.10%.
ROCO:8155's Return-on-Tangible-Equity is ranked better than 75.66% of 2383
companies
in the Hardware industry
Industry Median: 5.34
vs ROCO:8155: 13.61
Allied Circuit Co (ROCO:8155) 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.
Allied Circuit Co Return-on-Tangible-Equity Related Terms
Allied Circuit Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Allied Circuit 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.
ROCO:8155 vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Allied Circuit 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.
Allied Circuit Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Allied Circuit Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Allied Circuit 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 25.87% mean?
Allied Circuit Co (ROCO:8155) has a Return-on-Tangible-Equity of 25.87% 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 Allied Circuit Co and its competitors. This is 51% above median its historical median of 17.10. Over the past decade, Allied Circuit Co's Return-on-Tangible-Equity has ranged from 9.31 to 30.66. According to the industry distribution chart, Allied Circuit Co ranks #580 out of 2383 companies in the Hardware industry, placing it in the top 24.3%.
Is Allied Circuit Co's Return-on-Tangible-Equity too high?
Allied Circuit Co's current Return-on-Tangible-Equity of 25.87% is 51% above median its 10-year median of 17.10. Over the past 10 years, this metric has ranged from a low of 9.31 to a high of 30.66. The Hardware industry median Return-on-Tangible-Equity is 5.34. Allied Circuit Co's value of 25.87% is 384.5% above this industry median. Based on the distribution chart, Allied Circuit Co ranks #580 out of 2383 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Allied Circuit Co has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Allied Circuit Co's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Allied Circuit Co ranks #580 out of 2383 companies for Return-on-Tangible-Equity. This places Allied Circuit Co in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.34. Allied Circuit Co's value of 25.87% is 384.5% above this benchmark. Historically, Allied Circuit Co's own Return-on-Tangible-Equity has ranged from 9.31 to 30.66 over the past decade. While the company's 10-year median is 17.10 vs. the industry median of 5.34, Allied Circuit 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 a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.34, based on 2,383 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. Allied Circuit Co's current Return-on-Tangible-Equity of 25.87% is 384.5% 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 Allied Circuit Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Allied Circuit Co's current Return-on-Tangible-Equity is 25.87%, which is 51% above median its own 10-year median of 17.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allied Circuit Co stock overvalued right now?
Based on GuruFocus' analysis, Allied Circuit Co (ROCO:8155) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$199.41, compared to a current price of NT$300.00 — trading 50.4% above its estimated fair value. The current Return-on-Tangible-Equity is 25.87%, which is 51% above median its 10-year median of 17.10 and 384.5% above the Hardware industry median of 5.34. Allied Circuit Co's overall GF Score™ is 80/100 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 Allied Circuit Co (ROCO:8155), the current Return-on-Tangible-Equity is 25.87% 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 Allied Circuit Co (ROCO:8155) Overvalued in 2026?
Based on GuruFocus' analysis, Allied Circuit Co stock appears to be overvalued.
The current stock price of NT$300.00 is trading 50.4% above its estimated GF Value™ of NT$199.41.
GuruFocus considers Allied Circuit Co to be Significantly Overvalued.
Key valuation signals for ROCO:8155:
Return-on-Tangible-Equity: 25.87% (51% above median its 10-year median of 17.10)
GF Value™: NT$199.41 vs. price of NT$300.00 (50.4% above fair value)
Industry Position: 384.5% above the Hardware median (#580 of 2383)
No single metric tells the full story. See the ROCO:8155 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Allied Circuit Co Ltd is a Taiwan based electronic components manufacturing company. It is engaged in the manufacturing and sales of printed circuit boards (double-sided and multilayer boards). It offers Rigid Type Multi-Layer PCB and High-Density Inverter. Geographically, the company operates in Taiwan and Asia.
80GF Score
Get the complete analysis for ROCO:8155
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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