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Hsin Kuang Steel CoTPE:2031 -2.72%80 Return-on-Tangible-Equity is 6.90% as of Dec. 2025, which is 50% below its 10-year median of 13.85. GuruFocus rates TPE:2031 with a GF Score™ of 80/100 and a GF Value™ of NT$54.01 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 615 Steel companies, Hsin Kuang Steel Co ranks better than 73.17% 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. Hsin Kuang Steel Co's annualized net income for the quarter that ended in Dec. 2025 was NT$804 Mil. Hsin Kuang Steel Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$11,647 Mil. Therefore, Hsin Kuang Steel Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 6.90%.
The historical rank and industry rank for Hsin Kuang Steel Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2031'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.86 Med: 13.85 Max: 29.31
Current: 9.26
During the past 13 years, Hsin Kuang Steel Co's highest Return-on-Tangible-Equity was 29.31%. The lowest was 1.86%. And the median was 13.85%.
TPE:2031's Return-on-Tangible-Equity is ranked better than 73.17% of 615
companies
in the Steel industry
Industry Median: 4.05
vs TPE:2031: 9.26
Hsin Kuang Steel Co (TPE:2031) 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.
Hsin Kuang Steel Co Return-on-Tangible-Equity Related Terms
Hsin Kuang Steel Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hsin Kuang Steel 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.
Hsin Kuang Steel Co Return-on-Tangible-Equity Chart
TPE:2031 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Hsin Kuang Steel 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.
Hsin Kuang Steel Co Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Hsin Kuang Steel Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hsin Kuang Steel 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 6.90% mean?
Hsin Kuang Steel Co (TPE:2031) has a Return-on-Tangible-Equity of 6.90% 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 Hsin Kuang Steel Co and its competitors. This is 50% below median its historical median of 13.85. Over the past decade, Hsin Kuang Steel Co's Return-on-Tangible-Equity has ranged from 1.86 to 29.31. According to the industry distribution chart, Hsin Kuang Steel Co ranks #165 out of 615 companies in the Steel industry, placing it in the top 26.8%.
Is Hsin Kuang Steel Co's Return-on-Tangible-Equity too high?
Hsin Kuang Steel Co's current Return-on-Tangible-Equity of 6.90% is 50% below median its 10-year median of 13.85. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 29.31. The Steel industry median Return-on-Tangible-Equity is 4.05. Hsin Kuang Steel Co's value of 6.90% is 70.4% above this industry median. Based on the distribution chart, Hsin Kuang Steel Co ranks #165 out of 615 companies in the Steel industry, which is above the industry midpoint. Overall, Hsin Kuang Steel Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hsin Kuang Steel Co's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Hsin Kuang Steel Co ranks #165 out of 615 companies for Return-on-Tangible-Equity. This puts Hsin Kuang Steel Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.05. Hsin Kuang Steel Co's value of 6.90% is 70.4% above this benchmark. Historically, Hsin Kuang Steel Co's own Return-on-Tangible-Equity has ranged from 1.86 to 29.31 over the past decade. While the company's 10-year median is 13.85 vs. the industry median of 4.05, Hsin Kuang Steel 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.05, 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. Hsin Kuang Steel Co's current Return-on-Tangible-Equity of 6.90% is 70.4% 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 Hsin Kuang Steel Co and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hsin Kuang Steel Co's current Return-on-Tangible-Equity is 6.90%, which is 50% below median its own 10-year median of 13.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsin Kuang Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Hsin Kuang Steel Co (TPE:2031) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$54.01, compared to a current price of NT$39.35 — trading 27.1% below its estimated fair value. The current Return-on-Tangible-Equity is 6.90%, which is 50% below median its 10-year median of 13.85 and 70.4% above the Steel industry median of 4.05. Hsin Kuang Steel Co's overall GF Score™ is 80/100 with 8 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 Hsin Kuang Steel Co (TPE:2031), the current Return-on-Tangible-Equity is 6.90% 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 Hsin Kuang Steel Co (TPE:2031) Overvalued in 2026?
Based on GuruFocus' analysis, Hsin Kuang Steel Co stock appears to be undervalued.
The current stock price of NT$39.35 is trading 27.1% below its estimated GF Value™ of NT$54.01.
GuruFocus considers Hsin Kuang Steel Co to be Modestly Undervalued.
Key valuation signals for TPE:2031:
Return-on-Tangible-Equity: 6.90% (50% below median its 10-year median of 13.85)
GF Value™: NT$54.01 vs. price of NT$39.35 (27.1% below fair value)
Industry Position: 70.4% above the Steel median (#165 of 615)
No single metric tells the full story. See the TPE:2031 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hsin Kuang Steel Co Ltd manufactures and sells steel products. The business activities of the group include cutting, stamping, and the sale of steel products, including steel coils, steel plates, stainless steel, alloy steel, special steel, and SuperDyma. Geographically, its business activities are carried out across Taiwan. The company operates in four segments, which include Steel - Direct Sales, Steel - Manufacturing Sales, Construction Projects, and Leases. The majority of its revenue is generated from the Steel-Direct Sales Segment. Geographically, operates in Taiwan.
80GF Score
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