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.
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.
Ta-Yuan Cogeneration CoROCO:8931 +0.95%79 Return-on-Tangible-Equity is 0.77% as of Dec. 2025, which is 91% below its 10-year median of 9.01. GuruFocus rates ROCO:8931 with a GF Score™ of 79/100 and a GF Value™ of NT$47.18 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 497 Utilities - Regulated companies, Ta-Yuan Cogeneration Co ranks better than 51.91% 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. Ta-Yuan Cogeneration Co's annualized net income for the quarter that ended in Dec. 2025 was NT$16 Mil. Ta-Yuan Cogeneration Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$2,012 Mil. Therefore, Ta-Yuan Cogeneration Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 0.77%.
The historical rank and industry rank for Ta-Yuan Cogeneration Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:8931'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.61 Med: 9.01 Max: 17.45
Current: 11.21
During the past 13 years, Ta-Yuan Cogeneration Co's highest Return-on-Tangible-Equity was 17.45%. The lowest was 5.61%. And the median was 9.01%.
ROCO:8931's Return-on-Tangible-Equity is ranked better than 51.91% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.92
vs ROCO:8931: 11.21
Ta-Yuan Cogeneration Co (ROCO:8931) 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.
Ta-Yuan Cogeneration Co Return-on-Tangible-Equity Related Terms
Ta-Yuan Cogeneration Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ta-Yuan Cogeneration 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.
Ta-Yuan Cogeneration Co Return-on-Tangible-Equity Chart
ROCO:8931 vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, Ta-Yuan Cogeneration 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.
Ta-Yuan Cogeneration Co Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Ta-Yuan Cogeneration Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ta-Yuan Cogeneration 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 0.77% mean?
Ta-Yuan Cogeneration Co (ROCO:8931) has a Return-on-Tangible-Equity of 0.77% 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 Ta-Yuan Cogeneration Co and its competitors. This is 91% below median its historical median of 9.01. Over the past decade, Ta-Yuan Cogeneration Co's Return-on-Tangible-Equity has ranged from 5.61 to 17.45. According to the industry distribution chart, Ta-Yuan Cogeneration Co ranks #239 out of 497 companies in the Utilities - Regulated industry, placing it in the top 48.1%.
Is Ta-Yuan Cogeneration Co's Return-on-Tangible-Equity too high?
Ta-Yuan Cogeneration Co's current Return-on-Tangible-Equity of 0.77% is 91% below median its 10-year median of 9.01. Over the past 10 years, this metric has ranged from a low of 5.61 to a high of 17.45. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.92. Ta-Yuan Cogeneration Co's value of 0.77% is 92.9% below this industry median. Based on the distribution chart, Ta-Yuan Cogeneration Co ranks #239 out of 497 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Ta-Yuan Cogeneration Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ta-Yuan Cogeneration Co's Return-on-Tangible-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Ta-Yuan Cogeneration Co ranks #239 out of 497 companies for Return-on-Tangible-Equity. This puts Ta-Yuan Cogeneration Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.92. Ta-Yuan Cogeneration Co's value of 0.77% is 92.9% below this benchmark. Historically, Ta-Yuan Cogeneration Co's own Return-on-Tangible-Equity has ranged from 5.61 to 17.45 over the past decade. While the company's 10-year median is 9.01 vs. the industry median of 10.92, Ta-Yuan Cogeneration Co has consistently been below 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 Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.92, based on 497 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. Ta-Yuan Cogeneration Co's current Return-on-Tangible-Equity of 0.77% is 92.9% below 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 Ta-Yuan Cogeneration Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ta-Yuan Cogeneration Co's current Return-on-Tangible-Equity is 0.77%, which is 91% below median its own 10-year median of 9.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ta-Yuan Cogeneration Co stock overvalued right now?
Based on GuruFocus' analysis, Ta-Yuan Cogeneration Co (ROCO:8931) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$47.18, compared to a current price of NT$42.30 — trading 10.3% below its estimated fair value. The current Return-on-Tangible-Equity is 0.77%, which is 91% below median its 10-year median of 9.01 and 92.9% below the Utilities - Regulated industry median of 10.92. Ta-Yuan Cogeneration Co's overall GF Score™ is 79/100 with 7 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 Ta-Yuan Cogeneration Co (ROCO:8931), the current Return-on-Tangible-Equity is 0.77% 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 Ta-Yuan Cogeneration Co (ROCO:8931) Overvalued in 2026?
Based on GuruFocus' analysis, Ta-Yuan Cogeneration Co stock appears to be undervalued.
The current stock price of NT$42.30 is trading 10.3% below its estimated GF Value™ of NT$47.18.
GuruFocus considers Ta-Yuan Cogeneration Co to be Modestly Undervalued.
Key valuation signals for ROCO:8931:
Return-on-Tangible-Equity: 0.77% (91% below median its 10-year median of 9.01)
GF Value™: NT$47.18 vs. price of NT$42.30 (10.3% below fair value)
Industry Position: 92.9% below the Utilities - Regulated median (#239 of 497)
No single metric tells the full story. See the ROCO:8931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ta-Yuan Cogeneration Co Ltd engages mainly in operating the cogeneration business, operating and repairing equipment, processing waste disposal, managing incinerators, and processing refuse-derived fuel. It is involved in the operation, management, and maintenance of cogeneration plants, as well as waste disposal and incinerator management. Through the development of cogeneration, the company focuses on supplying power to industrial areas and balancing peak and off-peak electricity demand. The company's reportable segments are: Plant of Cogeneration, which generates the maximum revenue, and Plant of Renewable Energy. Geographically, it operates only in Taiwan.
79GF Score
Get the complete analysis for ROCO:8931
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:8931 has been successfully added to your 
