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Hwatsing Technology CoSHSE:688120 -4.21%76 Return-on-Tangible-Equity is 15.06% as of Mar. 2026, which is 18% below its 10-year median of 18.45. GuruFocus rates SHSE:688120 with a GF Score™ of 76/100 and a GF Value™ of ¥135.43 (Significantly Overvalued). Among 985 Semiconductors companies, Hwatsing Technology Co ranks better than 80.2% 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. Hwatsing Technology Co's annualized net income for the quarter that ended in Mar. 2026 was ¥989 Mil. Hwatsing Technology Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥6,569 Mil. Therefore, Hwatsing Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.06%.
The historical rank and industry rank for Hwatsing Technology Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:688120'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -745.99 Med: 18.45 Max: 35.81
Current: 17.75
During the past 9 years, Hwatsing Technology Co's highest Return-on-Tangible-Equity was 35.81%. The lowest was -745.99%. And the median was 18.45%.
SHSE:688120's Return-on-Tangible-Equity is ranked better than 80.2% of 985
companies
in the Semiconductors industry
Industry Median: 5.47
vs SHSE:688120: 17.75
Hwatsing Technology Co (SHSE:688120) 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.
Hwatsing Technology Co Return-on-Tangible-Equity Related Terms
Hwatsing Technology Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hwatsing Technology 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.
Hwatsing Technology Co Return-on-Tangible-Equity Chart
SHSE:688120 vs AMAT, LRCX, KLAC: Return-on-Tangible-Equity Comparison
For the Semiconductor Equipment & Materials subindustry, Hwatsing Technology 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.
Hwatsing Technology Co Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Hwatsing Technology Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hwatsing Technology 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 (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 15.06% mean?
Hwatsing Technology Co (SHSE:688120) has a Return-on-Tangible-Equity of 15.06% 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 Hwatsing Technology Co and its competitors. This is 18% below median its historical median of 18.45. According to the industry distribution chart, Hwatsing Technology Co ranks #195 out of 985 companies in the Semiconductors industry, placing it in the top 19.8%.
Is Hwatsing Technology Co's Return-on-Tangible-Equity too high?
Hwatsing Technology Co's current Return-on-Tangible-Equity of 15.06% is 18% below median its 10-year median of 18.45. The Semiconductors industry median Return-on-Tangible-Equity is 5.47. Hwatsing Technology Co's value of 15.06% is 175.3% above this industry median. Based on the distribution chart, Hwatsing Technology Co ranks #195 out of 985 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Hwatsing Technology Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hwatsing Technology Co's Return-on-Tangible-Equity compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Hwatsing Technology Co ranks #195 out of 985 companies for Return-on-Tangible-Equity. This places Hwatsing Technology Co in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.47. Hwatsing Technology Co's value of 15.06% is 175.3% above this benchmark. While the company's 10-year median is 18.45 vs. the industry median of 5.47, Hwatsing Technology 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 Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.47, based on 985 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. Hwatsing Technology Co's current Return-on-Tangible-Equity of 15.06% is 175.3% 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 Hwatsing Technology Co and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hwatsing Technology Co's current Return-on-Tangible-Equity is 15.06%, which is 18% below median its own 10-year median of 18.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hwatsing Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Hwatsing Technology Co (SHSE:688120) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥135.43, compared to a current price of ¥256.98 — trading 89.8% above its estimated fair value. The current Return-on-Tangible-Equity is 15.06%, which is 18% below median its 10-year median of 18.45 and 175.3% above the Semiconductors industry median of 5.47. Hwatsing Technology Co's overall GF Score™ is 76/100. 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 Hwatsing Technology Co (SHSE:688120), the current Return-on-Tangible-Equity is 15.06% 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 Hwatsing Technology Co (SHSE:688120) Overvalued in 2026?
Based on GuruFocus' analysis, Hwatsing Technology Co stock appears to be overvalued.
The current stock price of ¥256.98 is trading 89.8% above its estimated GF Value™ of ¥135.43.
GuruFocus considers Hwatsing Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:688120:
Return-on-Tangible-Equity: 15.06% (18% below median its 10-year median of 18.45)
GF Value™: ¥135.43 vs. price of ¥256.98 (89.8% above fair value)
Industry Position: 175.3% above the Semiconductors median (#195 of 985)
No single metric tells the full story. See the SHSE:688120 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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