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.
Asia CementTPE:1102 -2.01%83 Return-on-Tangible-Equity is 4.55% as of Dec. 2025, which is 42% below its 10-year median of 7.78. GuruFocus rates TPE:1102 with a GF Score™ of 83/100 and a GF Value™ of NT$35.73 (Fairly Valued). The stock has 6 warning signs investors should review. Among 397 Building Materials companies, Asia Cement ranks better than 54.41% 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. Asia Cement's annualized net income for the quarter that ended in Dec. 2025 was NT$7,779 Mil. Asia Cement's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$171,072 Mil. Therefore, Asia Cement's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 4.55%.
The historical rank and industry rank for Asia Cement's Return-on-Tangible-Equity or its related term are showing as below:
TPE:1102'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.18 Med: 7.78 Max: 12.78
Current: 5.92
During the past 13 years, Asia Cement's highest Return-on-Tangible-Equity was 12.78%. The lowest was 3.18%. And the median was 7.78%.
TPE:1102's Return-on-Tangible-Equity is ranked better than 54.41% of 397
companies
in the Building Materials industry
Industry Median: 5.06
vs TPE:1102: 5.92
Asia Cement (TPE:1102) 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.
Asia Cement Return-on-Tangible-Equity Related Terms
Asia Cement Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Asia Cement'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.
TPE:1102 vs CRH, VMC, MLM: Return-on-Tangible-Equity Comparison
For the Building Materials subindustry, Asia Cement'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.
Asia Cement Return-on-Tangible-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Asia Cement's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Asia Cement'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 4.55% mean?
Asia Cement (TPE:1102) has a Return-on-Tangible-Equity of 4.55% 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 Asia Cement and its competitors. This is 42% below median its historical median of 7.78. Over the past decade, Asia Cement's Return-on-Tangible-Equity has ranged from 3.18 to 12.78. According to the industry distribution chart, Asia Cement ranks #181 out of 397 companies in the Building Materials industry, placing it in the top 45.6%.
Is Asia Cement's Return-on-Tangible-Equity too high?
Asia Cement's current Return-on-Tangible-Equity of 4.55% is 42% below median its 10-year median of 7.78. Over the past 10 years, this metric has ranged from a low of 3.18 to a high of 12.78. The Building Materials industry median Return-on-Tangible-Equity is 5.06. Asia Cement's value of 4.55% is 10.1% below this industry median. Based on the distribution chart, Asia Cement ranks #181 out of 397 companies in the Building Materials industry, which is above the industry midpoint. Overall, Asia Cement has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Cement's Return-on-Tangible-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, Asia Cement ranks #181 out of 397 companies for Return-on-Tangible-Equity. This puts Asia Cement in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.06. Asia Cement's value of 4.55% is 10.1% below this benchmark. Historically, Asia Cement's own Return-on-Tangible-Equity has ranged from 3.18 to 12.78 over the past decade. While the company's 10-year median is 7.78 vs. the industry median of 5.06, Asia Cement 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 a Building Materials company?
The median Return-on-Tangible-Equity among Building Materials companies is 5.06, based on 397 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. Asia Cement's current Return-on-Tangible-Equity of 4.55% is 10.1% 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 Asia Cement and its competitors. For the Building Materials industry, the median Return-on-Tangible-Equity is 5.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Cement's current Return-on-Tangible-Equity is 4.55%, which is 42% below median its own 10-year median of 7.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Cement stock overvalued right now?
Based on GuruFocus' analysis, Asia Cement (TPE:1102) is currently considered Fairly Valued. The stock's GF Value™ is NT$35.73, compared to a current price of NT$34.20 — trading 4.3% below its estimated fair value. The current Return-on-Tangible-Equity is 4.55%, which is 42% below median its 10-year median of 7.78 and 10.1% below the Building Materials industry median of 5.06. Asia Cement's overall GF Score™ is 83/100 with 6 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 Asia Cement (TPE:1102), the current Return-on-Tangible-Equity is 4.55% 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 Asia Cement (TPE:1102) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Cement stock appears to be undervalued.
The current stock price of NT$34.20 is trading 4.3% below its estimated GF Value™ of NT$35.73.
GuruFocus considers Asia Cement to be Fairly Valued.
Key valuation signals for TPE:1102:
Return-on-Tangible-Equity: 4.55% (42% below median its 10-year median of 7.78)
GF Value™: NT$35.73 vs. price of NT$34.20 (4.3% below fair value)
Industry Position: 10.1% below the Building Materials median (#181 of 397)
No single metric tells the full story. See the TPE:1102 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Cement Corp manufactures and sells cement, concrete, and cement-related products to the construction and building industries, and engages in leasing activities. The company is also required to undertake reforestation activities in designated areas. Asia Cement's product portfolio includes Portland cement types I and II, cement clinker, ready-mix concrete, furnace powder, and plaster among others. Its reportable segments are as follows: Cement which derives key revenue, Electric Power, Investment, Engineering, Transportation, Stainless Steel, and Leasing. The majority of Its revenue comes from Taiwan and China.
83GF Score
Get the complete analysis for TPE:1102
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
TPE:1102 has been successfully added to your 
