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Cheng Shin Rubber Industry CoTPE:2105 +0.15%76 Return-on-Tangible-Equity is 4.07% as of Dec. 2025, which is 38% below its 10-year median of 6.53. GuruFocus rates TPE:2105 with a GF Score™ of 76/100 and a GF Value™ of NT$42.45 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,283 Vehicles & Parts companies, Cheng Shin Rubber Industry Co ranks worse than 57.05% 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. Cheng Shin Rubber Industry Co's annualized net income for the quarter that ended in Dec. 2025 was NT$3,444 Mil. Cheng Shin Rubber Industry Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$84,543 Mil. Therefore, Cheng Shin Rubber Industry Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 4.07%.
The historical rank and industry rank for Cheng Shin Rubber Industry Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2105'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.36 Med: 6.53 Max: 15
Current: 5.76
During the past 13 years, Cheng Shin Rubber Industry Co's highest Return-on-Tangible-Equity was 15.00%. The lowest was 4.36%. And the median was 6.53%.
TPE:2105's Return-on-Tangible-Equity is ranked worse than 57.05% of 1283
companies
in the Vehicles & Parts industry
Industry Median: 7.47
vs TPE:2105: 5.76
Cheng Shin Rubber Industry Co (TPE:2105) 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.
Cheng Shin Rubber Industry Co Return-on-Tangible-Equity Related Terms
Cheng Shin Rubber Industry 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.
Cheng Shin Rubber Industry Co Return-on-Tangible-Equity Chart
TPE:2105 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Cheng Shin Rubber Industry 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.
Cheng Shin Rubber Industry Co Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cheng Shin Rubber Industry 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 4.07% mean?
Cheng Shin Rubber Industry Co (TPE:2105) has a Return-on-Tangible-Equity of 4.07% 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 Cheng Shin Rubber Industry Co and its competitors. This is 38% below median its historical median of 6.53. Over the past decade, Cheng Shin Rubber Industry Co's Return-on-Tangible-Equity has ranged from 4.36 to 15.00. According to the industry distribution chart, Cheng Shin Rubber Industry Co ranks #732 out of 1283 companies in the Vehicles & Parts industry, placing it in the top 57.1%.
Is Cheng Shin Rubber Industry Co's Return-on-Tangible-Equity too high?
Cheng Shin Rubber Industry Co's current Return-on-Tangible-Equity of 4.07% is 38% below median its 10-year median of 6.53. Over the past 10 years, this metric has ranged from a low of 4.36 to a high of 15.00. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.47. Cheng Shin Rubber Industry Co's value of 4.07% is 45.5% below this industry median. Based on the distribution chart, Cheng Shin Rubber Industry Co ranks #732 out of 1283 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Cheng Shin Rubber Industry Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Shin Rubber Industry Co's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Cheng Shin Rubber Industry Co ranks #732 out of 1283 companies for Return-on-Tangible-Equity. This places Cheng Shin Rubber Industry Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.47. Cheng Shin Rubber Industry Co's value of 4.07% is 45.5% below this benchmark. Historically, Cheng Shin Rubber Industry Co's own Return-on-Tangible-Equity has ranged from 4.36 to 15.00 over the past decade. While the company's 10-year median is 6.53 vs. the industry median of 7.47, Cheng Shin Rubber Industry Co has consistently been below 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.47, 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. Cheng Shin Rubber Industry Co's current Return-on-Tangible-Equity of 4.07% is 45.5% below 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 Cheng Shin Rubber Industry Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheng Shin Rubber Industry Co's current Return-on-Tangible-Equity is 4.07%, which is 38% below median its own 10-year median of 6.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Shin Rubber Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Cheng Shin Rubber Industry Co (TPE:2105) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$42.45, compared to a current price of NT$33.60 — trading 20.8% below its estimated fair value. The current Return-on-Tangible-Equity is 4.07%, which is 38% below median its 10-year median of 6.53 and 45.5% below the Vehicles & Parts industry median of 7.47. Cheng Shin Rubber Industry Co's overall GF Score™ is 76/100 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 Cheng Shin Rubber Industry Co (TPE:2105), the current Return-on-Tangible-Equity is 4.07% 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 Cheng Shin Rubber Industry Co (TPE:2105) Overvalued in 2026?
Based on GuruFocus' analysis, Cheng Shin Rubber Industry Co stock appears to be undervalued.
The current stock price of NT$33.60 is trading 20.8% below its estimated GF Value™ of NT$42.45.
GuruFocus considers Cheng Shin Rubber Industry Co to be Modestly Undervalued.
Key valuation signals for TPE:2105:
Return-on-Tangible-Equity: 4.07% (38% below median its 10-year median of 6.53)
GF Value™: NT$42.45 vs. price of NT$33.60 (20.8% below fair value)
Industry Position: 45.5% below the Vehicles & Parts median (#732 of 1283)
No single metric tells the full story. See the TPE:2105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheng Shin Rubber Industry Co Business Description
Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and others. The Business organization is divided into Cheng Shin (Taiwan), MAXXIS (Taiwan) Trading, Cheng Shin (Xiamen), Cheng Shin (China), Petrel (Xiamen), Cheng Shin (Thailand), and other segments based on the nature of each company. The main sources of sales revenue are from manufacturing and sales of bicycle tires, electrical vehicle tires, reclaimed rubber, etc. Its geographical segments are Taiwan, China, the United States, and Others.
76GF Score
Get the complete analysis for TPE:2105
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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