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Horng Shiue Holding CoTPE:2243 47 Return-on-Tangible-Equity is 49.74% as of Dec. 2025. GuruFocus rates TPE:2243 with a GF Score™ of 47/100 and a GF Value™ of NT$13.64 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,284 Vehicles & Parts companies, Horng Shiue Holding Co ranks better than 64.88% 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. Horng Shiue Holding Co's annualized net income for the quarter that ended in Dec. 2025 was NT$369 Mil. Horng Shiue Holding Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$742 Mil. Therefore, Horng Shiue Holding Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 49.74%.
The historical rank and industry rank for Horng Shiue Holding Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2243'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -41.96 Med: -4.72 Max: 18.1
Current: 11.74
During the past 12 years, Horng Shiue Holding Co's highest Return-on-Tangible-Equity was 18.10%. The lowest was -41.96%. And the median was -4.72%.
TPE:2243's Return-on-Tangible-Equity is ranked better than 64.88% of 1284
companies
in the Vehicles & Parts industry
Industry Median: 7.48
vs TPE:2243: 11.74
Horng Shiue Holding Co (TPE:2243) 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.
Horng Shiue Holding Co Return-on-Tangible-Equity Related Terms
Horng Shiue Holding Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Horng Shiue Holding 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.
Horng Shiue Holding Co Return-on-Tangible-Equity Chart
TPE:2243 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Horng Shiue Holding 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.
Horng Shiue Holding Co Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Horng Shiue Holding Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Horng Shiue Holding 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 49.74% mean?
Horng Shiue Holding Co (TPE:2243) has a Return-on-Tangible-Equity of 49.74% 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 Horng Shiue Holding Co and its competitors. According to the industry distribution chart, Horng Shiue Holding Co ranks #451 out of 1284 companies in the Vehicles & Parts industry, placing it in the top 35.1%.
Is Horng Shiue Holding Co's Return-on-Tangible-Equity too high?
Horng Shiue Holding Co's current Return-on-Tangible-Equity is 49.74%. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.48. Horng Shiue Holding Co's value of 49.74% is 565% above this industry median. Based on the distribution chart, Horng Shiue Holding Co ranks #451 out of 1284 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Horng Shiue Holding Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horng Shiue Holding Co's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Horng Shiue Holding Co ranks #451 out of 1284 companies for Return-on-Tangible-Equity. This puts Horng Shiue Holding Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.48. Horng Shiue Holding Co's value of 49.74% is 565% 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 7.48, based on 1,284 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. Horng Shiue Holding Co's current Return-on-Tangible-Equity of 49.74% is 565% 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 Horng Shiue Holding Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horng Shiue Holding Co's current Return-on-Tangible-Equity is 49.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horng Shiue Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Horng Shiue Holding Co (TPE:2243) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$13.64, compared to a current price of NT$51.20 — trading 275.4% above its estimated fair value. The current Return-on-Tangible-Equity is 49.74% and 565% above the Vehicles & Parts industry median of 7.48. Horng Shiue Holding Co's overall GF Score™ is 47/100 with 7 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 Horng Shiue Holding Co (TPE:2243), the current Return-on-Tangible-Equity is 49.74% 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 Horng Shiue Holding Co (TPE:2243) Overvalued in 2026?
Based on GuruFocus' analysis, Horng Shiue Holding Co stock appears to be overvalued.
The current stock price of NT$51.20 is trading 275.4% above its estimated GF Value™ of NT$13.64.
GuruFocus considers Horng Shiue Holding Co to be Significantly Overvalued.
Key valuation signals for TPE:2243:
Return-on-Tangible-Equity: 49.74%
GF Value™: NT$13.64 vs. price of NT$51.20 (275.4% above fair value)
Industry Position: 565% above the Vehicles & Parts median (#451 of 1284)
No single metric tells the full story. See the TPE:2243 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horng Shiue Holding Co Ltd isengaged in the manufacture, processing and trading of automotive sheet metal stamping die and gauge and providing after sales services, such as technique consulting. The Company's revenue is derived from automotive sheet metal stamping die sold by the assembly plant and stamping factory.
47GF Score
Get the complete analysis for TPE:2243
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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