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.
Macauto Industrial CoROCO:9951 +0.76%82 Return-on-Tangible-Equity is 13.27% as of Dec. 2025, which is 11% below its 10-year median of 14.96. GuruFocus rates ROCO:9951 with a GF Score™ of 82/100 and a GF Value™ of NT$87.44 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,282 Vehicles & Parts companies, Macauto Industrial Co ranks better than 61.39% 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. Macauto Industrial Co's annualized net income for the quarter that ended in Dec. 2025 was NT$490 Mil. Macauto Industrial Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$3,691 Mil. Therefore, Macauto Industrial Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 13.27%.
The historical rank and industry rank for Macauto Industrial Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:9951'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.66 Med: 14.96 Max: 34.76
Current: 10.73
During the past 13 years, Macauto Industrial Co's highest Return-on-Tangible-Equity was 34.76%. The lowest was 8.66%. And the median was 14.96%.
ROCO:9951's Return-on-Tangible-Equity is ranked better than 61.39% of 1282
companies
in the Vehicles & Parts industry
Industry Median: 7.545
vs ROCO:9951: 10.73
Macauto Industrial Co (ROCO:9951) 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.
Macauto Industrial Co Return-on-Tangible-Equity Related Terms
Macauto Industrial Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Macauto Industrial 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.
Macauto Industrial Co Return-on-Tangible-Equity Chart
ROCO:9951 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Macauto Industrial 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.
Macauto Industrial Co Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Macauto Industrial Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Macauto Industrial 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 13.27% mean?
Macauto Industrial Co (ROCO:9951) has a Return-on-Tangible-Equity of 13.27% 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 Macauto Industrial Co and its competitors. This is 11% below median its historical median of 14.96. Over the past decade, Macauto Industrial Co's Return-on-Tangible-Equity has ranged from 8.66 to 34.76. According to the industry distribution chart, Macauto Industrial Co ranks #495 out of 1282 companies in the Vehicles & Parts industry, placing it in the top 38.6%.
Is Macauto Industrial Co's Return-on-Tangible-Equity too high?
Macauto Industrial Co's current Return-on-Tangible-Equity of 13.27% is 11% below median its 10-year median of 14.96. Over the past 10 years, this metric has ranged from a low of 8.66 to a high of 34.76. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.55. Macauto Industrial Co's value of 13.27% is 75.9% above this industry median. Based on the distribution chart, Macauto Industrial Co ranks #495 out of 1282 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Macauto Industrial Co has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Macauto Industrial Co's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Macauto Industrial Co ranks #495 out of 1282 companies for Return-on-Tangible-Equity. This puts Macauto Industrial Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.55. Macauto Industrial Co's value of 13.27% is 75.9% above this benchmark. Historically, Macauto Industrial Co's own Return-on-Tangible-Equity has ranged from 8.66 to 34.76 over the past decade. While the company's 10-year median is 14.96 vs. the industry median of 7.55, Macauto Industrial 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.55, based on 1,282 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. Macauto Industrial Co's current Return-on-Tangible-Equity of 13.27% is 75.9% 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 Macauto Industrial Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macauto Industrial Co's current Return-on-Tangible-Equity is 13.27%, which is 11% below median its own 10-year median of 14.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macauto Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Macauto Industrial Co (ROCO:9951) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$87.44, compared to a current price of NT$53.20 — trading 39.2% below its estimated fair value. The current Return-on-Tangible-Equity is 13.27%, which is 11% below median its 10-year median of 14.96 and 75.9% above the Vehicles & Parts industry median of 7.55. Macauto Industrial Co's overall GF Score™ is 82/100 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 Macauto Industrial Co (ROCO:9951), the current Return-on-Tangible-Equity is 13.27% 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 Macauto Industrial Co (ROCO:9951) Overvalued in 2026?
Based on GuruFocus' analysis, Macauto Industrial Co stock appears to be undervalued.
The current stock price of NT$53.20 is trading 39.2% below its estimated GF Value™ of NT$87.44.
GuruFocus considers Macauto Industrial Co to be Significantly Undervalued.
Key valuation signals for ROCO:9951:
Return-on-Tangible-Equity: 13.27% (11% below median its 10-year median of 14.96)
GF Value™: NT$87.44 vs. price of NT$53.20 (39.2% below fair value)
Industry Position: 75.9% above the Vehicles & Parts median (#495 of 1282)
No single metric tells the full story. See the ROCO:9951 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macauto Industrial Co Ltd is a Taiwan based company principally engaged in the production of the automotive sunshade and cordless garden tools. The Company recognizes revenue on manufactures and sells Automobile Sun Shade and other related products. Auto sun shade products range include manual rear shade, electric rear shade-full cover, electric rear shade-arm type, manual sunroof sunshade, electric sunroof sunshade, tonneau cover, safety net, wind deflector. Cordless garden tools include lawn mower, trimmer, electric pruning shear, power wheelbarrow, robotic mower and robotic golf caddy cart. In addition, the company also manufactures accessories for smartphone and tablets. The company also has its business presence across the regions of USA, China, Korea, and other countries.
82GF Score
Get the complete analysis for ROCO:9951
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:9951 has been successfully added to your 
