FederalTPE:2102 +1.06%62 Return-on-Tangible-Equity is 203.32% as of Dec. 2025. GuruFocus rates TPE:2102 with a GF Score™ of 62/100 and a GF Value™ of NT$16.59 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,283 Vehicles & Parts companies, Federal ranks better than 93.76% 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. Federal's annualized net income for the quarter that ended in Dec. 2025 was NT$15,613.1 Mil. Federal's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$7,678.9 Mil. Therefore, Federal's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 203.32%.
The historical rank and industry rank for Federal's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2102'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -36.64 Med: -8.08 Max: 41.93
Current: 41.93
During the past 13 years, Federal's highest Return-on-Tangible-Equity was 41.93%. The lowest was -36.64%. And the median was -8.08%.
TPE:2102's Return-on-Tangible-Equity is ranked better than 93.76% of 1283
companies
in the Vehicles & Parts industry
Industry Median: 7.49
vs TPE:2102: 41.93
Federal (TPE:2102) 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.
Federal Return-on-Tangible-Equity Related Terms
Federal Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Federal'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.
TPE:2102 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Federal'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.
Federal Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Federal's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Federal'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 203.32% mean?
Federal (TPE:2102) has a Return-on-Tangible-Equity of 203.32% 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 Federal and its competitors. According to the industry distribution chart, Federal ranks #80 out of 1283 companies in the Vehicles & Parts industry, placing it in the top 6.2%.
Is Federal's Return-on-Tangible-Equity too high?
Federal's current Return-on-Tangible-Equity is 203.32%. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.49. Federal's value of 203.32% is 2614.6% above this industry median. Based on the distribution chart, Federal ranks #80 out of 1283 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Federal has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Federal's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Federal ranks #80 out of 1283 companies for Return-on-Tangible-Equity. This places Federal in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.49. Federal's value of 203.32% is 2614.6% above this benchmark. 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.49, based on 1,283 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. Federal's current Return-on-Tangible-Equity of 203.32% is 2614.6% 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 Federal and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Federal's current Return-on-Tangible-Equity is 203.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal stock overvalued right now?
Based on GuruFocus' analysis, Federal (TPE:2102) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$16.59, compared to a current price of NT$19.05 — trading 14.8% above its estimated fair value. The current Return-on-Tangible-Equity is 203.32% and 2614.6% above the Vehicles & Parts industry median of 7.49. Federal's overall GF Score™ is 62/100 with 5 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 Federal (TPE:2102), the current Return-on-Tangible-Equity is 203.32% 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 Federal (TPE:2102) Overvalued in 2026?
Based on GuruFocus' analysis, Federal stock appears to be overvalued.
The current stock price of NT$19.05 is trading 14.8% above its estimated GF Value™ of NT$16.59.
GuruFocus considers Federal to be Modestly Overvalued.
Key valuation signals for TPE:2102:
Return-on-Tangible-Equity: 203.32%
GF Value™: NT$16.59 vs. price of NT$19.05 (14.8% above fair value)
Industry Position: 2614.6% above the Vehicles & Parts median (#80 of 1283)
No single metric tells the full story. See the TPE:2102 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Federal Corp is a Taiwan-based company that engages in the manufacturing and sale of automobile tires and rubber, as well as real estate development and leasing. Its products include tires for ultra-high performance (UHP) vehicles and high-performance vehicles, tires for passenger cars, and tires for sports utility vehicles (SUVs), among others. It also provides light truck tires, drift tires, and all-season tires. The company derives its key revenue from the domestic market and the rest from Asia and America.
62GF Score
Get the complete analysis for TPE:2102
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