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KYE SystemsTPE:2365 75 Return-on-Tangible-Equity is 2.85% as of Dec. 2025, which is 20% above its 10-year median of 2.38. GuruFocus rates TPE:2365 with a GF Score™ of 75/100 and a GF Value™ of NT$35.40 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,387 Hardware companies, KYE Systems ranks worse than 61.5% 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. KYE Systems's annualized net income for the quarter that ended in Dec. 2025 was NT$85.9 Mil. KYE Systems's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$3,015.0 Mil. Therefore, KYE Systems's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 2.85%.
The historical rank and industry rank for KYE Systems's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2365'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.68 Med: 2.38 Max: 4.76
Current: 2.34
During the past 13 years, KYE Systems's highest Return-on-Tangible-Equity was 4.76%. The lowest was -7.68%. And the median was 2.38%.
TPE:2365's Return-on-Tangible-Equity is ranked worse than 61.5% of 2387
companies
in the Hardware industry
Industry Median: 5.28
vs TPE:2365: 2.34
KYE Systems (TPE:2365) 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.
KYE Systems Return-on-Tangible-Equity Related Terms
KYE Systems Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for KYE Systems'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:2365 vs SNDK, DELL, STX: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, KYE Systems'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.
KYE Systems Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, KYE Systems's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where KYE Systems'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 2.85% mean?
KYE Systems (TPE:2365) has a Return-on-Tangible-Equity of 2.85% 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 KYE Systems and its competitors. This is 20% above median its historical median of 2.38. According to the industry distribution chart, KYE Systems ranks #1468 out of 2387 companies in the Hardware industry, placing it in the top 61.5%.
Is KYE Systems' Return-on-Tangible-Equity too high?
KYE Systems' current Return-on-Tangible-Equity of 2.85% is 20% above median its 10-year median of 2.38. The Hardware industry median Return-on-Tangible-Equity is 5.28. KYE Systems' value of 2.85% is 46% below this industry median. Based on the distribution chart, KYE Systems ranks #1468 out of 2387 companies in the Hardware industry, which is below the industry midpoint. Overall, KYE Systems has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KYE Systems' Return-on-Tangible-Equity compare to SNDK and DELL?
According to the Hardware industry distribution chart, KYE Systems ranks #1468 out of 2387 companies for Return-on-Tangible-Equity. This places KYE Systems in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.28. KYE Systems' value of 2.85% is 46% below this benchmark. While the company's 10-year median is 2.38 vs. the industry median of 5.28, KYE Systems 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.28, based on 2,387 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. KYE Systems's current Return-on-Tangible-Equity of 2.85% is 46% 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 KYE Systems and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KYE Systems's current Return-on-Tangible-Equity is 2.85%, which is 20% above median its own 10-year median of 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KYE Systems stock overvalued right now?
Based on GuruFocus' analysis, KYE Systems (TPE:2365) is currently considered Fairly Valued. The stock's GF Value™ is NT$35.40, compared to a current price of NT$32.50 — trading 8.2% below its estimated fair value. The current Return-on-Tangible-Equity is 2.85%, which is 20% above median its 10-year median of 2.38 and 46% below the Hardware industry median of 5.28. KYE Systems' overall GF Score™ is 75/100 with 3 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 KYE Systems (TPE:2365), the current Return-on-Tangible-Equity is 2.85% 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 KYE Systems (TPE:2365) Overvalued in 2026?
Based on GuruFocus' analysis, KYE Systems stock appears to be undervalued.
The current stock price of NT$32.50 is trading 8.2% below its estimated GF Value™ of NT$35.40.
GuruFocus considers KYE Systems to be Fairly Valued.
Key valuation signals for TPE:2365:
Return-on-Tangible-Equity: 2.85% (20% above median its 10-year median of 2.38)
GF Value™: NT$35.40 vs. price of NT$32.50 (8.2% below fair value)
Industry Position: 46% below the Hardware median (#1468 of 2387)
No single metric tells the full story. See the TPE:2365 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KYE Systems Corp is a Taiwan-based company mainly engaged in the manufacturing, processing and trading of computer peripheral products such as computer mice, keyboards, video image products such as network and security cameras, and consumer electronic products such as headphone speakers and game console peripherals. The operating segments of the company are Electronic Products and Others. The majority of revenue is derived from the Electronic Products segment. Geographically, the company operates in Asia, America, Europe and Taiwan. The maximum revenue is generated from America.
75GF Score
Get the complete analysis for TPE:2365
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