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Co-Tech DevelopmentROCO:8358 -9.72%75 Return-on-Tangible-Equity is 26.56% as of Mar. 2026, which is 78% above its 10-year median of 14.94. GuruFocus rates ROCO:8358 with a GF Score™ of 75/100 and a GF Value™ of NT$96.58 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,383 Hardware companies, Co-Tech Development ranks better than 83.72% 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. Co-Tech Development's annualized net income for the quarter that ended in Mar. 2026 was NT$2,078 Mil. Co-Tech Development's average shareholder tangible equity for the quarter that ended in Mar. 2026 was NT$7,825 Mil. Therefore, Co-Tech Development's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 26.56%.
The historical rank and industry rank for Co-Tech Development's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:8358'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.62 Med: 14.94 Max: 34.05
Current: 18.23
During the past 13 years, Co-Tech Development's highest Return-on-Tangible-Equity was 34.05%. The lowest was 7.62%. And the median was 14.94%.
ROCO:8358's Return-on-Tangible-Equity is ranked better than 83.72% of 2383
companies
in the Hardware industry
Industry Median: 5.36
vs ROCO:8358: 18.23
Co-Tech Development (ROCO:8358) 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.
Co-Tech Development Return-on-Tangible-Equity Related Terms
Co-Tech Development Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Co-Tech Development'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.
Co-Tech Development Return-on-Tangible-Equity Chart
ROCO:8358 vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Co-Tech Development'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.
Co-Tech Development Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Co-Tech Development's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Co-Tech Development'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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 26.56% mean?
Co-Tech Development (ROCO:8358) has a Return-on-Tangible-Equity of 26.56% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Co-Tech Development and its competitors. This is 78% above median its historical median of 14.94. Over the past decade, Co-Tech Development's Return-on-Tangible-Equity has ranged from 7.62 to 34.05. According to the industry distribution chart, Co-Tech Development ranks #388 out of 2383 companies in the Hardware industry, placing it in the top 16.3%.
Is Co-Tech Development's Return-on-Tangible-Equity too high?
Co-Tech Development's current Return-on-Tangible-Equity of 26.56% is 78% above median its 10-year median of 14.94. Over the past 10 years, this metric has ranged from a low of 7.62 to a high of 34.05. The Hardware industry median Return-on-Tangible-Equity is 5.36. Co-Tech Development's value of 26.56% is 395.5% above this industry median. Based on the distribution chart, Co-Tech Development ranks #388 out of 2383 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Co-Tech Development has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Co-Tech Development's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Co-Tech Development ranks #388 out of 2383 companies for Return-on-Tangible-Equity. This places Co-Tech Development in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.36. Co-Tech Development's value of 26.56% is 395.5% above this benchmark. Historically, Co-Tech Development's own Return-on-Tangible-Equity has ranged from 7.62 to 34.05 over the past decade. While the company's 10-year median is 14.94 vs. the industry median of 5.36, Co-Tech Development 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 5.36, 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. Co-Tech Development's current Return-on-Tangible-Equity of 26.56% is 395.5% 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 Co-Tech Development and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Co-Tech Development's current Return-on-Tangible-Equity is 26.56%, which is 78% above median its own 10-year median of 14.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Co-Tech Development stock overvalued right now?
Based on GuruFocus' analysis, Co-Tech Development (ROCO:8358) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$96.58, compared to a current price of NT$367.00 — trading 280% above its estimated fair value. The current Return-on-Tangible-Equity is 26.56%, which is 78% above median its 10-year median of 14.94 and 395.5% above the Hardware industry median of 5.36. Co-Tech Development's overall GF Score™ is 75/100 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 Co-Tech Development (ROCO:8358), the current Return-on-Tangible-Equity is 26.56% as of Mar. 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 Co-Tech Development (ROCO:8358) Overvalued in 2026?
Based on GuruFocus' analysis, Co-Tech Development stock appears to be overvalued.
The current stock price of NT$367.00 is trading 280% above its estimated GF Value™ of NT$96.58.
GuruFocus considers Co-Tech Development to be Significantly Overvalued.
Key valuation signals for ROCO:8358:
Return-on-Tangible-Equity: 26.56% (78% above median its 10-year median of 14.94)
GF Value™: NT$96.58 vs. price of NT$367.00 (280% above fair value)
Industry Position: 395.5% above the Hardware median (#388 of 2383)
No single metric tells the full story. See the ROCO:8358 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Co-Tech Development Corp manufactures and sells standard, low profile and high-performance series of copper foil products to supply the printed circuit board industry. Its products include IT, 3C Products HDI, LED car lighting module, Server, Switch, Storage, Rigid-Flex PCB, Touch module, 3D face recognition, Automotive market, 5G Antenna Radar, ADAS, HDI / Rigid-Flex Board, Touch module, Wearable devices / VR, Augmented Reality, Mobile terminal, 3D face recognition, Communication module. The group has only copper foil segment operating in two principal geographical areas - Taiwan and China.
75GF Score
Get the complete analysis for ROCO:8358
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