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Chung Hwa PulpTPE:1905 -3.04%63 Return-on-Tangible-Equity is 8.24% as of Dec. 2025, which is 1426% above its 10-year median of 0.54. GuruFocus rates TPE:1905 with a GF Score™ of 63/100 and a GF Value™ of NT$17.30 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 279 Forest Products companies, Chung Hwa Pulp ranks worse than 72.4% 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. Chung Hwa Pulp's annualized net income for the quarter that ended in Dec. 2025 was NT$1,283 Mil. Chung Hwa Pulp's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$15,576 Mil. Therefore, Chung Hwa Pulp's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 8.24%.
The historical rank and industry rank for Chung Hwa Pulp's Return-on-Tangible-Equity or its related term are showing as below:
TPE:1905'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.96 Med: 0.54 Max: 3.93
Current: -3.96
During the past 13 years, Chung Hwa Pulp's highest Return-on-Tangible-Equity was 3.93%. The lowest was -3.96%. And the median was 0.54%.
TPE:1905's Return-on-Tangible-Equity is ranked worse than 72.4% of 279
companies
in the Forest Products industry
Industry Median: 2.21
vs TPE:1905: -3.96
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.
Chung Hwa Pulp Return-on-Tangible-Equity Related Terms
Chung Hwa Pulp Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Chung Hwa Pulp'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.
For the Paper & Paper Products subindustry, Chung Hwa Pulp'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.
Chung Hwa Pulp Return-on-Tangible-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Chung Hwa Pulp's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Chung Hwa Pulp'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 8.24% mean?
Chung Hwa Pulp (TPE:1905) has a Return-on-Tangible-Equity of 8.24% 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 Chung Hwa Pulp and its competitors. This is 1426% above median its historical median of 0.54. According to the industry distribution chart, Chung Hwa Pulp ranks #202 out of 279 companies in the Forest Products industry, placing it in the top 72.4%.
Is Chung Hwa Pulp's Return-on-Tangible-Equity too high?
Chung Hwa Pulp's current Return-on-Tangible-Equity of 8.24% is 1426% above median its 10-year median of 0.54. The Forest Products industry median Return-on-Tangible-Equity is 2.21. Chung Hwa Pulp's value of 8.24% is 272.9% above this industry median. Based on the distribution chart, Chung Hwa Pulp ranks #202 out of 279 companies in the Forest Products industry, which is below the industry midpoint. Overall, Chung Hwa Pulp has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chung Hwa Pulp's Return-on-Tangible-Equity compare to competitors?
According to the Forest Products industry distribution chart, Chung Hwa Pulp ranks #202 out of 279 companies for Return-on-Tangible-Equity. This places Chung Hwa Pulp in the lower half of its industry. The industry median Return-on-Tangible-Equity is 2.21. Chung Hwa Pulp's value of 8.24% is 272.9% above this benchmark. While the company's 10-year median is 0.54 vs. the industry median of 2.21, Chung Hwa Pulp 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 Forest Products company?
The median Return-on-Tangible-Equity among Forest Products companies is 2.21, based on 279 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. Chung Hwa Pulp's current Return-on-Tangible-Equity of 8.24% is 272.9% 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 Chung Hwa Pulp and its competitors. For the Forest Products industry, the median Return-on-Tangible-Equity is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chung Hwa Pulp's current Return-on-Tangible-Equity is 8.24%, which is 1426% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chung Hwa Pulp stock overvalued right now?
Based on GuruFocus' analysis, Chung Hwa Pulp (TPE:1905) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$17.30, compared to a current price of NT$14.35 — trading 17.1% below its estimated fair value. The current Return-on-Tangible-Equity is 8.24%, which is 1426% above median its 10-year median of 0.54 and 272.9% above the Forest Products industry median of 2.21. Chung Hwa Pulp's overall GF Score™ is 63/100 with 11 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 Chung Hwa Pulp (TPE:1905), the current Return-on-Tangible-Equity is 8.24% 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 Chung Hwa Pulp (TPE:1905) Overvalued in 2026?
Based on GuruFocus' analysis, Chung Hwa Pulp stock appears to be undervalued.
The current stock price of NT$14.35 is trading 17.1% below its estimated GF Value™ of NT$17.30.
GuruFocus considers Chung Hwa Pulp to be Modestly Undervalued.
Key valuation signals for TPE:1905:
Return-on-Tangible-Equity: 8.24% (1426% above median its 10-year median of 0.54)
GF Value™: NT$17.30 vs. price of NT$14.35 (17.1% below fair value)
Industry Position: 272.9% above the Forest Products median (#202 of 279)
No single metric tells the full story. See the TPE:1905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chung Hwa Pulp Corp is engaged in the production and sale of pulp and paper. Its businesses include specialty paper, pulp, paper and paperboard, tape and other businesses. The Company operates through the Pulp and Fine Paper segment, which generates maximum revenue, and the Forestry segment. Its activities include the manufacture and sale of cardboard, paper and pulp, as well as seedling cultivation and reforestation. Geographically, the Group operates in Taiwan and mainland China, with Taiwan generating maximum revenue.
63GF Score
Get the complete analysis for TPE:1905
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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