Tung Ho Steel EnterpriseTPE:2006 90 Return-on-Tangible-Equity is 16.74% as of Dec. 2025, which is 21% above its 10-year median of 13.83. GuruFocus rates TPE:2006 with a GF Score™ of 90/100 and a GF Value™ of NT$64.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 615 Steel companies, Tung Ho Steel Enterprise ranks better than 86.67% 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. Tung Ho Steel Enterprise's annualized net income for the quarter that ended in Dec. 2025 was NT$5,592 Mil. Tung Ho Steel Enterprise's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$33,395 Mil. Therefore, Tung Ho Steel Enterprise's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 16.74%.
The historical rank and industry rank for Tung Ho Steel Enterprise's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2006'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.74 Med: 13.83 Max: 20.83
Current: 14.62
During the past 13 years, Tung Ho Steel Enterprise's highest Return-on-Tangible-Equity was 20.83%. The lowest was 3.74%. And the median was 13.83%.
TPE:2006's Return-on-Tangible-Equity is ranked better than 86.67% of 615
companies
in the Steel industry
Industry Median: 3.97
vs TPE:2006: 14.62
Tung Ho Steel Enterprise (TPE:2006) 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.
Tung Ho Steel Enterprise Return-on-Tangible-Equity Related Terms
Tung Ho Steel Enterprise Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tung Ho Steel Enterprise'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.
Tung Ho Steel Enterprise Return-on-Tangible-Equity Chart
TPE:2006 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Tung Ho Steel Enterprise'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.
Tung Ho Steel Enterprise Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tung Ho Steel Enterprise'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 16.74% mean?
Tung Ho Steel Enterprise (TPE:2006) has a Return-on-Tangible-Equity of 16.74% 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 Tung Ho Steel Enterprise and its competitors. This is 21% above median its historical median of 13.83. Over the past decade, Tung Ho Steel Enterprise's Return-on-Tangible-Equity has ranged from 3.74 to 20.83. According to the industry distribution chart, Tung Ho Steel Enterprise ranks #82 out of 615 companies in the Steel industry, placing it in the top 13.3%.
Is Tung Ho Steel Enterprise's Return-on-Tangible-Equity too high?
Tung Ho Steel Enterprise's current Return-on-Tangible-Equity of 16.74% is 21% above median its 10-year median of 13.83. Over the past 10 years, this metric has ranged from a low of 3.74 to a high of 20.83. The Steel industry median Return-on-Tangible-Equity is 3.97. Tung Ho Steel Enterprise's value of 16.74% is 321.7% above this industry median. Based on the distribution chart, Tung Ho Steel Enterprise ranks #82 out of 615 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Tung Ho Steel Enterprise has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tung Ho Steel Enterprise's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Tung Ho Steel Enterprise ranks #82 out of 615 companies for Return-on-Tangible-Equity. This places Tung Ho Steel Enterprise in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 3.97. Tung Ho Steel Enterprise's value of 16.74% is 321.7% above this benchmark. Historically, Tung Ho Steel Enterprise's own Return-on-Tangible-Equity has ranged from 3.74 to 20.83 over the past decade. While the company's 10-year median is 13.83 vs. the industry median of 3.97, Tung Ho Steel Enterprise 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.97, based on 615 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. Tung Ho Steel Enterprise's current Return-on-Tangible-Equity of 16.74% is 321.7% 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 Tung Ho Steel Enterprise and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tung Ho Steel Enterprise's current Return-on-Tangible-Equity is 16.74%, which is 21% above median its own 10-year median of 13.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tung Ho Steel Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Tung Ho Steel Enterprise (TPE:2006) is currently considered Fairly Valued. The stock's GF Value™ is NT$64.09, compared to a current price of NT$70.20 — trading 9.5% above its estimated fair value. The current Return-on-Tangible-Equity is 16.74%, which is 21% above median its 10-year median of 13.83 and 321.7% above the Steel industry median of 3.97. Tung Ho Steel Enterprise's overall GF Score™ is 90/100 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 Tung Ho Steel Enterprise (TPE:2006), the current Return-on-Tangible-Equity is 16.74% 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 Tung Ho Steel Enterprise (TPE:2006) Overvalued in 2026?
Based on GuruFocus' analysis, Tung Ho Steel Enterprise stock appears to be overvalued.
The current stock price of NT$70.20 is trading 9.5% above its estimated GF Value™ of NT$64.09.
GuruFocus considers Tung Ho Steel Enterprise to be Fairly Valued.
Key valuation signals for TPE:2006:
Return-on-Tangible-Equity: 16.74% (21% above median its 10-year median of 13.83)
GF Value™: NT$64.09 vs. price of NT$70.20 (9.5% above fair value)
Industry Position: 321.7% above the Steel median (#82 of 615)
No single metric tells the full story. See the TPE:2006 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tung Ho Steel Enterprise Corp manufactures and sells Re-Bar, section, and plate. It processes, and sells reinforcing bars, flat iron, angle iron, wire rod, and other steel products; manufactures, processes, and sells structural steel, alloy steel, tool steel, high carbon steel, and other special steels; ship dismantling; used ship sales. Its segments include Steel segment including the Taipei headquarters, Taoyuan processing center, Taoyuan plant, Taichung port logistics center, Miaoli Plant, Kaohsiung plant and THSVC, engaged in the manufacture and sale of steel products; and Steel Structure segment including Tung Kang Steel Structure Corp, Tung Kang Engineering & Construction Corp, engaged in steel structure processing, steel structure engineering and civil construction engineering.
90GF Score
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