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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. Carnival Industrial's annualized net income for the quarter that ended in Dec. 2025 was NT$333.5 Mil. Carnival Industrial's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$2,347.2 Mil. Therefore, Carnival Industrial's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 14.21%.
The historical rank and industry rank for Carnival Industrial's Return-on-Tangible-Equity or its related term are showing as below:
TPE:1417'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.41 Med: -3.38 Max: 10.55
Current: 4.99
During the past 13 years, Carnival Industrial's highest Return-on-Tangible-Equity was 10.55%. The lowest was -12.41%. And the median was -3.38%.
TPE:1417's Return-on-Tangible-Equity is ranked worse than 61.13% of 1060
companies
in the Retail - Cyclical industry
Industry Median: 8.455
vs TPE:1417: 4.99
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.
Carnival Industrial Return-on-Tangible-Equity Related Terms
Carnival Industrial Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Carnival Industrial'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:1417 vs TJX, ROST, BURL: Return-on-Tangible-Equity Comparison
For the Apparel Retail subindustry, Carnival Industrial'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.
Carnival Industrial Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Carnival Industrial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Carnival Industrial'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 14.21% mean?
Carnival Industrial (TPE:1417) has a Return-on-Tangible-Equity of 14.21% 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 Carnival Industrial and its competitors. According to the industry distribution chart, Carnival Industrial ranks #648 out of 1060 companies in the Retail - Cyclical industry, placing it in the top 61.1%.
Is Carnival Industrial's Return-on-Tangible-Equity too high?
Carnival Industrial's current Return-on-Tangible-Equity is 14.21%. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.46. Carnival Industrial's value of 14.21% is 68.1% above this industry median. Based on the distribution chart, Carnival Industrial ranks #648 out of 1060 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Carnival Industrial has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carnival Industrial's Return-on-Tangible-Equity compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Carnival Industrial ranks #648 out of 1060 companies for Return-on-Tangible-Equity. This places Carnival Industrial in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.46. Carnival Industrial's value of 14.21% is 68.1% above this benchmark. 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.46, based on 1,060 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. Carnival Industrial's current Return-on-Tangible-Equity of 14.21% is 68.1% 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 Carnival Industrial and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carnival Industrial's current Return-on-Tangible-Equity is 14.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carnival Industrial stock overvalued right now?
Based on GuruFocus' analysis, Carnival Industrial (TPE:1417) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$3.62, compared to a current price of NT$8.73 — trading 141.2% above its estimated fair value. The current Return-on-Tangible-Equity is 14.21% and 68.1% above the Retail - Cyclical industry median of 8.46. Carnival Industrial's overall GF Score™ is 51/100 with 1 warning sign 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 Carnival Industrial (TPE:1417), the current Return-on-Tangible-Equity is 14.21% 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 Carnival Industrial (TPE:1417) Overvalued in 2026?
Based on GuruFocus' analysis, Carnival Industrial stock appears to be overvalued.
The current stock price of NT$8.73 is trading 141.2% above its estimated GF Value™ of NT$3.62.
GuruFocus considers Carnival Industrial to be Significantly Overvalued.
Key valuation signals for TPE:1417:
Return-on-Tangible-Equity: 14.21%
GF Value™: NT$3.62 vs. price of NT$8.73 (141.2% above fair value)
Industry Position: 68.1% above the Retail - Cyclical median (#648 of 1060)
No single metric tells the full story. See the TPE:1417 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carnival Industrial Corp is a Taiwan-based Apparel manufacturer. It manufactures and trades apparel and group uniforms, men's and women's garments, including trousers, pants, skirts, fancy dresses, jackets, and apparel accessories under the brand name CARNIVAL. The Group operates in a single line of business in apparel sales. The majority of its revenue comes from the Apparel sales department.
51GF Score
Get the complete analysis for TPE:1417
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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