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.
Tex-Ray Industrial CoTPE:1467 -2.79%61 Return-on-Tangible-Equity is 12.36% as of Dec. 2025. GuruFocus rates TPE:1467 with a GF Score™ of 61/100 and a GF Value™ of NT$10.99 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,013 Manufacturing - Apparel & Accessories companies, Tex-Ray Industrial Co ranks worse than 80.36% 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. Tex-Ray Industrial Co's annualized net income for the quarter that ended in Dec. 2025 was NT$314 Mil. Tex-Ray Industrial Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$2,544 Mil. Therefore, Tex-Ray Industrial Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 12.36%.
The historical rank and industry rank for Tex-Ray Industrial Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:1467'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.92 Med: -2.12 Max: 6.57
Current: -4.14
During the past 13 years, Tex-Ray Industrial Co's highest Return-on-Tangible-Equity was 6.57%. The lowest was -7.92%. And the median was -2.12%.
TPE:1467's Return-on-Tangible-Equity is ranked worse than 80.36% of 1013
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs TPE:1467: -4.14
Tex-Ray Industrial Co (TPE:1467) 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.
Tex-Ray Industrial Co Return-on-Tangible-Equity Related Terms
Tex-Ray Industrial Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tex-Ray 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.
Tex-Ray Industrial Co Return-on-Tangible-Equity Chart
TPE:1467 vs RL, LEVI, VFC: Return-on-Tangible-Equity Comparison
For the Apparel Manufacturing subindustry, Tex-Ray 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.
Tex-Ray Industrial Co Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tex-Ray Industrial Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tex-Ray 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 12.36% mean?
Tex-Ray Industrial Co (TPE:1467) has a Return-on-Tangible-Equity of 12.36% 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 Tex-Ray Industrial Co and its competitors. According to the industry distribution chart, Tex-Ray Industrial Co ranks #814 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 80.4%.
Is Tex-Ray Industrial Co's Return-on-Tangible-Equity too high?
Tex-Ray Industrial Co's current Return-on-Tangible-Equity is 12.36%. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Tex-Ray Industrial Co's value of 12.36% is 179% above this industry median. Based on the distribution chart, Tex-Ray Industrial Co ranks #814 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Tex-Ray Industrial Co has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tex-Ray Industrial Co's Return-on-Tangible-Equity compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Tex-Ray Industrial Co ranks #814 out of 1013 companies for Return-on-Tangible-Equity. This places Tex-Ray Industrial Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.43. Tex-Ray Industrial Co's value of 12.36% is 179% 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,013 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. Tex-Ray Industrial Co's current Return-on-Tangible-Equity of 12.36% is 179% 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 Tex-Ray Industrial Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tex-Ray Industrial Co's current Return-on-Tangible-Equity is 12.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tex-Ray Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Tex-Ray Industrial Co (TPE:1467) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$10.99, compared to a current price of NT$8.70 — trading 20.8% below its estimated fair value. The current Return-on-Tangible-Equity is 12.36% and 179% above the Manufacturing - Apparel & Accessories industry median of 4.43. Tex-Ray Industrial Co's overall GF Score™ is 61/100 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 Tex-Ray Industrial Co (TPE:1467), the current Return-on-Tangible-Equity is 12.36% 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 Tex-Ray Industrial Co (TPE:1467) Overvalued in 2026?
Based on GuruFocus' analysis, Tex-Ray Industrial Co stock appears to be undervalued.
The current stock price of NT$8.70 is trading 20.8% below its estimated GF Value™ of NT$10.99.
GuruFocus considers Tex-Ray Industrial Co to be Modestly Undervalued.
Key valuation signals for TPE:1467:
Return-on-Tangible-Equity: 12.36%
GF Value™: NT$10.99 vs. price of NT$8.70 (20.8% below fair value)
Industry Position: 179% above the Manufacturing - Apparel & Accessories median (#814 of 1013)
No single metric tells the full story. See the TPE:1467 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tex-Ray Industrial Co Ltd is engaged in weaving, manufacturing and processing, dyeing and finishing, and buying and selling businesses related to cotton, cloth, various fibers and textiles, as well as cotton yarn purchasing, export business, garment processing and selling, and export business. The company has established the Fancy Yarn Business Division, the Woven Fabric Business Division, and the Garment Business Division. Geographically, its operations are spread across Taiwan, Mexico, the USA, China, Africa, Vietnam, and Other Countries, with the majority of the revenue generated from Taiwan.
61GF Score
Get the complete analysis for TPE:1467
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:1467 has been successfully added to your 
