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China Times CoROCO:8923 75 Return-on-Tangible-Equity is 12.12% as of Dec. 2025, which is 45% above its 10-year median of 8.33. GuruFocus rates ROCO:8923 with a GF Score™ of 75/100 and a GF Value™ of NT$19.77 (Fairly Valued). The stock has 5 warning signs investors should review. Among 864 Media - Diversified companies, China Times Co ranks better than 57.52% 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. China Times Co's annualized net income for the quarter that ended in Dec. 2025 was NT$43.9 Mil. China Times Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$361.9 Mil. Therefore, China Times Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 12.12%.
The historical rank and industry rank for China Times Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:8923'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.38 Med: 8.33 Max: 9.41
Current: 7.93
During the past 13 years, China Times Co's highest Return-on-Tangible-Equity was 9.41%. The lowest was 7.38%. And the median was 8.33%.
ROCO:8923's Return-on-Tangible-Equity is ranked better than 57.52% of 864
companies
in the Media - Diversified industry
Industry Median: 5.44
vs ROCO:8923: 7.93
China Times Co (ROCO:8923) 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.
China Times Co Return-on-Tangible-Equity Related Terms
China Times Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for China Times 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:8923 vs NYT, WLY: Return-on-Tangible-Equity Comparison
For the Publishing subindustry, China Times 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.
China Times Co Return-on-Tangible-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, China Times Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Times 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 12.12% mean?
China Times Co (ROCO:8923) has a Return-on-Tangible-Equity of 12.12% 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 China Times Co and its competitors. This is 45% above median its historical median of 8.33. Over the past decade, China Times Co's Return-on-Tangible-Equity has ranged from 7.38 to 9.41. According to the industry distribution chart, China Times Co ranks #367 out of 864 companies in the Media - Diversified industry, placing it in the top 42.5%.
Is China Times Co's Return-on-Tangible-Equity too high?
China Times Co's current Return-on-Tangible-Equity of 12.12% is 45% above median its 10-year median of 8.33. Over the past 10 years, this metric has ranged from a low of 7.38 to a high of 9.41. The Media - Diversified industry median Return-on-Tangible-Equity is 5.44. China Times Co's value of 12.12% is 122.8% above this industry median. Based on the distribution chart, China Times Co ranks #367 out of 864 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, China Times Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Times Co's Return-on-Tangible-Equity compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, China Times Co ranks #367 out of 864 companies for Return-on-Tangible-Equity. This puts China Times Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.44. China Times Co's value of 12.12% is 122.8% above this benchmark. Historically, China Times Co's own Return-on-Tangible-Equity has ranged from 7.38 to 9.41 over the past decade. While the company's 10-year median is 8.33 vs. the industry median of 5.44, China Times 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 Media - Diversified company?
The median Return-on-Tangible-Equity among Media - Diversified companies is 5.44, based on 864 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. China Times Co's current Return-on-Tangible-Equity of 12.12% is 122.8% 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 China Times Co and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Equity is 5.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Times Co's current Return-on-Tangible-Equity is 12.12%, which is 45% above median its own 10-year median of 8.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Times Co stock overvalued right now?
Based on GuruFocus' analysis, China Times Co (ROCO:8923) is currently considered Fairly Valued. The stock's GF Value™ is NT$19.77, compared to a current price of NT$19.00 — trading 3.9% below its estimated fair value. The current Return-on-Tangible-Equity is 12.12%, which is 45% above median its 10-year median of 8.33 and 122.8% above the Media - Diversified industry median of 5.44. China Times Co's overall GF Score™ is 75/100 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 China Times Co (ROCO:8923), the current Return-on-Tangible-Equity is 12.12% 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 China Times Co (ROCO:8923) Overvalued in 2026?
Based on GuruFocus' analysis, China Times Co stock appears to be undervalued.
The current stock price of NT$19.00 is trading 3.9% below its estimated GF Value™ of NT$19.77.
GuruFocus considers China Times Co to be Fairly Valued.
Key valuation signals for ROCO:8923:
Return-on-Tangible-Equity: 12.12% (45% above median its 10-year median of 8.33)
GF Value™: NT$19.77 vs. price of NT$19.00 (3.9% below fair value)
Industry Position: 122.8% above the Media - Diversified median (#367 of 864)
No single metric tells the full story. See the ROCO:8923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Times Co Ltd is a Taiwan-based company principally engaged in the publishing and distribution of books and magazines. Its activities mainly include editing, publishing, and wholesale distribution of books and magazines, as well as exhibition services.
75GF Score
Get the complete analysis for ROCO:8923
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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