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Shiny Chemical Industrial CoTPE:1773 -1.42%95 Return-on-Tangible-Equity is 21.04% as of Mar. 2026, which is 6% above its 10-year median of 19.77. GuruFocus rates TPE:1773 with a GF Score™ of 95/100 and a GF Value™ of NT$144.74 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,569 Chemicals companies, Shiny Chemical Industrial Co ranks better than 89.17% 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. Shiny Chemical Industrial Co's annualized net income for the quarter that ended in Mar. 2026 was NT$2,423 Mil. Shiny Chemical Industrial Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was NT$11,516 Mil. Therefore, Shiny Chemical Industrial Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.04%.
The historical rank and industry rank for Shiny Chemical Industrial Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:1773'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 18.2 Med: 19.77 Max: 25.79
Current: 20.2
During the past 13 years, Shiny Chemical Industrial Co's highest Return-on-Tangible-Equity was 25.79%. The lowest was 18.20%. And the median was 19.77%.
TPE:1773's Return-on-Tangible-Equity is ranked better than 89.17% of 1569
companies
in the Chemicals industry
Industry Median: 5.73
vs TPE:1773: 20.20
Shiny Chemical Industrial Co (TPE:1773) 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.
Shiny Chemical Industrial Co Return-on-Tangible-Equity Related Terms
Shiny Chemical Industrial 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.
Shiny Chemical Industrial Co Return-on-Tangible-Equity Chart
TPE:1773 vs DOW: Return-on-Tangible-Equity Comparison
For the Chemicals subindustry, Shiny Chemical 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.
Shiny Chemical Industrial Co Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shiny Chemical Industrial Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shiny Chemical 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 (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 21.04% mean?
Shiny Chemical Industrial Co (TPE:1773) has a Return-on-Tangible-Equity of 21.04% 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 Shiny Chemical Industrial Co and its competitors. This is near median its historical median of 19.77. Over the past decade, Shiny Chemical Industrial Co's Return-on-Tangible-Equity has ranged from 18.20 to 25.79. According to the industry distribution chart, Shiny Chemical Industrial Co ranks #170 out of 1569 companies in the Chemicals industry, placing it in the top 10.8%.
Is Shiny Chemical Industrial Co's Return-on-Tangible-Equity too high?
Shiny Chemical Industrial Co's current Return-on-Tangible-Equity of 21.04% is near median its 10-year median of 19.77. Over the past 10 years, this metric has ranged from a low of 18.20 to a high of 25.79. The Chemicals industry median Return-on-Tangible-Equity is 5.73. Shiny Chemical Industrial Co's value of 21.04% is 267.2% above this industry median. Based on the distribution chart, Shiny Chemical Industrial Co ranks #170 out of 1569 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Shiny Chemical Industrial Co has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shiny Chemical Industrial Co's Return-on-Tangible-Equity compare to DOW?
According to the Chemicals industry distribution chart, Shiny Chemical Industrial Co ranks #170 out of 1569 companies for Return-on-Tangible-Equity. This places Shiny Chemical Industrial Co in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.73. Shiny Chemical Industrial Co's value of 21.04% is 267.2% above this benchmark. Historically, Shiny Chemical Industrial Co's own Return-on-Tangible-Equity has ranged from 18.20 to 25.79 over the past decade. While the company's 10-year median is 19.77 vs. the industry median of 5.73, Shiny Chemical 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 a Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.73, based on 1,569 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. Shiny Chemical Industrial Co's current Return-on-Tangible-Equity of 21.04% is 267.2% 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 Shiny Chemical Industrial Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shiny Chemical Industrial Co's current Return-on-Tangible-Equity is 21.04%, which is near median its own 10-year median of 19.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shiny Chemical Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Shiny Chemical Industrial Co (TPE:1773) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$144.74, compared to a current price of NT$174.00 — trading 20.2% above its estimated fair value. The current Return-on-Tangible-Equity is 21.04%, which is near median its 10-year median of 19.77 and 267.2% above the Chemicals industry median of 5.73. Shiny Chemical Industrial Co's overall GF Score™ is 95/100 with 3 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 Shiny Chemical Industrial Co (TPE:1773), the current Return-on-Tangible-Equity is 21.04% 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 Shiny Chemical Industrial Co (TPE:1773) Overvalued in 2026?
Based on GuruFocus' analysis, Shiny Chemical Industrial Co stock appears to be overvalued.
The current stock price of NT$174.00 is trading 20.2% above its estimated GF Value™ of NT$144.74.
GuruFocus considers Shiny Chemical Industrial Co to be Modestly Overvalued.
Key valuation signals for TPE:1773:
Return-on-Tangible-Equity: 21.04% (near median its 10-year median of 19.77)
GF Value™: NT$144.74 vs. price of NT$174.00 (20.2% above fair value)
Industry Position: 267.2% above the Chemicals median (#170 of 1569)
No single metric tells the full story. See the TPE:1773 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shiny Chemical Industrial Co Ltd is a Taiwan-based company predominantly engaged in the manufacturing and distribution of chemical solvent series products including N-Butyl Acetate, and N-Propyl Acetate, Propylene Glycol Monomethyl Ether Propionate and Methanol, and among others. Geographically, the company generates a majority of its revenue from Taiwan and the rest from South Korea, Vietnam, Thailand, China, and other markets.
95GF Score
Get the complete analysis for TPE:1773
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