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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. Union Semiconductor (Hefei) Co's annualized net income for the quarter that ended in Mar. 2026 was ¥-51 Mil. Union Semiconductor (Hefei) Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥3,736 Mil. Therefore, Union Semiconductor (Hefei) Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -1.37%.
The historical rank and industry rank for Union Semiconductor (Hefei) Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:688403'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -85.55 Med: 4.88 Max: 11.23
Current: 2.93
During the past 8 years, Union Semiconductor (Hefei) Co's highest Return-on-Tangible-Equity was 11.23%. The lowest was -85.55%. And the median was 4.88%.
SHSE:688403's Return-on-Tangible-Equity is ranked worse than 57.56% of 985
companies
in the Semiconductors industry
Industry Median: 5.24
vs SHSE:688403: 2.93
Union Semiconductor (Hefei) Co (SHSE:688403) 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.
Union Semiconductor (Hefei) Co Return-on-Tangible-Equity Related Terms
Union Semiconductor (Hefei) Co Return-on-Tangible-Equity Historical Data
* 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.
Union Semiconductor (Hefei) Co Return-on-Tangible-Equity Chart
SHSE:688403 vs NVDA, AVGO, MU: Return-on-Tangible-Equity Comparison
For the Semiconductors subindustry, Union Semiconductor (Hefei) 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.
Union Semiconductor (Hefei) Co Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Union Semiconductor (Hefei) Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Union Semiconductor (Hefei) 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 -1.37% mean?
Union Semiconductor (Hefei) Co (SHSE:688403) has a Return-on-Tangible-Equity of -1.37% 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 Union Semiconductor (Hefei) Co and its competitors. According to the industry distribution chart, Union Semiconductor (Hefei) Co ranks #567 out of 985 companies in the Semiconductors industry, placing it in the top 57.6%.
Is Union Semiconductor (Hefei) Co's Return-on-Tangible-Equity too high?
Union Semiconductor (Hefei) Co's current Return-on-Tangible-Equity is -1.37%. Based on the distribution chart, Union Semiconductor (Hefei) Co ranks #567 out of 985 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Union Semiconductor (Hefei) Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Union Semiconductor (Hefei) Co's Return-on-Tangible-Equity compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Union Semiconductor (Hefei) Co ranks #567 out of 985 companies for Return-on-Tangible-Equity. This places Union Semiconductor (Hefei) Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.24. 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 5.24, 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. 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 Union Semiconductor (Hefei) Co and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Semiconductor (Hefei) Co's current Return-on-Tangible-Equity is -1.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Semiconductor (Hefei) Co stock overvalued right now?
Based on GuruFocus' analysis, Union Semiconductor (Hefei) Co (SHSE:688403) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥11.06, compared to a current price of ¥25.45 — trading 130.1% above its estimated fair value. The current Return-on-Tangible-Equity is -1.37%. Union Semiconductor (Hefei) Co's overall GF Score™ is 64/100 with 8 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 Union Semiconductor (Hefei) Co (SHSE:688403), the current Return-on-Tangible-Equity is -1.37% 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 Union Semiconductor (Hefei) Co (SHSE:688403) Overvalued in 2026?
Based on GuruFocus' analysis, Union Semiconductor (Hefei) Co stock appears to be overvalued.
The current stock price of ¥25.45 is trading 130.1% above its estimated GF Value™ of ¥11.06.
GuruFocus considers Union Semiconductor (Hefei) Co to be Significantly Overvalued.
Key valuation signals for SHSE:688403:
Return-on-Tangible-Equity: -1.37%
GF Value™: ¥11.06 vs. price of ¥25.45 (130.1% above fair value)
No single metric tells the full story. See the SHSE:688403 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Union Semiconductor (Hefei) Co Business Description
Union Semiconductor (Hefei) Co Ltd is a high-end packaging and testing service provider for integrated circuits. It focuses on the field of display driver chips. The company's main business is the front-end gold bumping manufacturing as the core, and integrates wafer testing, back-end chip-on-glass, and chip-on-film links to form a full range of display driver chips.
64GF Score
Get the complete analysis for SHSE:688403
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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