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Chang Type Industrial CoTPE:1541 -0.23%70 Return-on-Tangible-Equity is 15.28% as of Dec. 2025, which is 13% above its 10-year median of 13.57. GuruFocus rates TPE:1541 with a GF Score™ of 70/100 and a GF Value™ of NT$32.29 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,972 Industrial Products companies, Chang Type Industrial Co ranks better than 60.26% 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. Chang Type Industrial Co's annualized net income for the quarter that ended in Dec. 2025 was NT$315 Mil. Chang Type Industrial Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$2,065 Mil. Therefore, Chang Type Industrial Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 15.28%.
The historical rank and industry rank for Chang Type Industrial Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:1541'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.33 Med: 13.57 Max: 31.59
Current: 9.12
During the past 13 years, Chang Type Industrial Co's highest Return-on-Tangible-Equity was 31.59%. The lowest was 4.33%. And the median was 13.57%.
TPE:1541's Return-on-Tangible-Equity is ranked better than 60.26% of 2972
companies
in the Industrial Products industry
Industry Median: 6.72
vs TPE:1541: 9.12
Chang Type Industrial Co (TPE:1541) 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.
Chang Type Industrial Co Return-on-Tangible-Equity Related Terms
Chang Type Industrial Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Chang Type 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.
Chang Type Industrial Co Return-on-Tangible-Equity Chart
TPE:1541 vs SNA, RBC, LECO: Return-on-Tangible-Equity Comparison
For the Tools & Accessories subindustry, Chang Type 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.
Chang Type Industrial Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Chang Type Industrial Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Chang Type 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 15.28% mean?
Chang Type Industrial Co (TPE:1541) has a Return-on-Tangible-Equity of 15.28% 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 Chang Type Industrial Co and its competitors. This is 13% above median its historical median of 13.57. Over the past decade, Chang Type Industrial Co's Return-on-Tangible-Equity has ranged from 4.33 to 31.59. According to the industry distribution chart, Chang Type Industrial Co ranks #1181 out of 2972 companies in the Industrial Products industry, placing it in the top 39.7%.
Is Chang Type Industrial Co's Return-on-Tangible-Equity too high?
Chang Type Industrial Co's current Return-on-Tangible-Equity of 15.28% is 13% above median its 10-year median of 13.57. Over the past 10 years, this metric has ranged from a low of 4.33 to a high of 31.59. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Chang Type Industrial Co's value of 15.28% is 127.4% above this industry median. Based on the distribution chart, Chang Type Industrial Co ranks #1181 out of 2972 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Chang Type Industrial Co has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Chang Type Industrial Co's Return-on-Tangible-Equity compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Chang Type Industrial Co ranks #1181 out of 2972 companies for Return-on-Tangible-Equity. This puts Chang Type Industrial Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.72. Chang Type Industrial Co's value of 15.28% is 127.4% above this benchmark. Historically, Chang Type Industrial Co's own Return-on-Tangible-Equity has ranged from 4.33 to 31.59 over the past decade. While the company's 10-year median is 13.57 vs. the industry median of 6.72, Chang Type Industrial 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,972 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. Chang Type Industrial Co's current Return-on-Tangible-Equity of 15.28% is 127.4% 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 Chang Type Industrial Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chang Type Industrial Co's current Return-on-Tangible-Equity is 15.28%, which is 13% above median its own 10-year median of 13.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chang Type Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Chang Type Industrial Co (TPE:1541) is currently considered Possible Value Trap. The stock's GF Value™ is NT$32.29, compared to a current price of NT$21.60 — trading 33.1% below its estimated fair value. The current Return-on-Tangible-Equity is 15.28%, which is 13% above median its 10-year median of 13.57 and 127.4% above the Industrial Products industry median of 6.72. Chang Type Industrial Co's overall GF Score™ is 70/100 with 2 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 Chang Type Industrial Co (TPE:1541), the current Return-on-Tangible-Equity is 15.28% 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 Chang Type Industrial Co (TPE:1541) Overvalued in 2026?
Based on GuruFocus' analysis, Chang Type Industrial Co stock appears to be undervalued.
The current stock price of NT$21.60 is trading 33.1% below its estimated GF Value™ of NT$32.29.
GuruFocus considers Chang Type Industrial Co to be Possible Value Trap.
Key valuation signals for TPE:1541:
Return-on-Tangible-Equity: 15.28% (13% above median its 10-year median of 13.57)
GF Value™: NT$32.29 vs. price of NT$21.60 (33.1% below fair value)
Industry Position: 127.4% above the Industrial Products median (#1181 of 2972)
No single metric tells the full story. See the TPE:1541 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chang Type Industrial Co Ltd manufacture, process and sell hand tools, electric machines, motors, power tools, automatic control system, computer machinery, electric test instruments, woodworking machines and metal parts. It is also the agent to import and export raw materials for all related products mentioned above and to design various molds and fixtures.
70GF Score
Get the complete analysis for TPE:1541
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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