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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. CMC Magnetics's annualized net income for the quarter that ended in Mar. 2026 was NT$-1,790 Mil. CMC Magnetics's average shareholder tangible equity for the quarter that ended in Mar. 2026 was NT$18,997 Mil. Therefore, CMC Magnetics's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -9.42%.
The historical rank and industry rank for CMC Magnetics's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2323'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.83 Med: 0.74 Max: 13.34
Current: 13.34
During the past 13 years, CMC Magnetics's highest Return-on-Tangible-Equity was 13.34%. The lowest was -10.83%. And the median was 0.74%.
TPE:2323's Return-on-Tangible-Equity is ranked better than 74.52% of 2382
companies
in the Hardware industry
Industry Median: 5.475
vs TPE:2323: 13.34
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.
CMC Magnetics Return-on-Tangible-Equity Related Terms
CMC Magnetics Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for CMC Magnetics'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:2323 vs DELL, ANET, SNDK: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, CMC Magnetics'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.
CMC Magnetics Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, CMC Magnetics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CMC Magnetics'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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -9.42% mean?
CMC Magnetics (TPE:2323) has a Return-on-Tangible-Equity of -9.42% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on CMC Magnetics and its competitors. According to the industry distribution chart, CMC Magnetics ranks #607 out of 2382 companies in the Hardware industry, placing it in the top 25.5%.
Is CMC Magnetics' Return-on-Tangible-Equity too high?
CMC Magnetics' current Return-on-Tangible-Equity is -9.42%. Based on the distribution chart, CMC Magnetics ranks #607 out of 2382 companies in the Hardware industry, which is above the industry midpoint. Overall, CMC Magnetics has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CMC Magnetics' Return-on-Tangible-Equity compare to DELL and ANET?
According to the Hardware industry distribution chart, CMC Magnetics ranks #607 out of 2382 companies for Return-on-Tangible-Equity. This puts CMC Magnetics in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.48. 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.48, based on 2,382 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. 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 CMC Magnetics and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMC Magnetics's current Return-on-Tangible-Equity is -9.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMC Magnetics stock overvalued right now?
Based on GuruFocus' analysis, CMC Magnetics (TPE:2323) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$11.40, compared to a current price of NT$10.30 — trading 9.6% below its estimated fair value. The current Return-on-Tangible-Equity is -9.42%. CMC Magnetics' overall GF Score™ is 61/100 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 CMC Magnetics (TPE:2323), the current Return-on-Tangible-Equity is -9.42% as of Mar. 2026. 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 CMC Magnetics (TPE:2323) Overvalued in 2026?
Based on GuruFocus' analysis, CMC Magnetics stock appears to be undervalued.
The current stock price of NT$10.30 is trading 9.6% below its estimated GF Value™ of NT$11.40.
GuruFocus considers CMC Magnetics to be Modestly Undervalued.
Key valuation signals for TPE:2323:
Return-on-Tangible-Equity: -9.42%
GF Value™: NT$11.40 vs. price of NT$10.30 (9.6% below fair value)
No single metric tells the full story. See the TPE:2323 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMC Magnetics Corp is mainly engaged in the manufacturing and sale of consumer electronic products, including optical discs, as well as the acquisition of film agency rights and the production and distribution of digital discs and Blu-ray discs for sales. Its products include M-disc, CMC Pro, HP CD, and data storage products. Its segments are: the Storage Media segment, which generates the maximum revenue and is engaged in the manufacturing and sale of consumer electronic products, including optical discs; the Other Optoelectronic segment, which manufactures and sells panels; the Investment segment, which invests in various businesses; and the Other Segment. Europe generates the maximum revenue for the Group.
61GF Score
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