Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Acer GadgetTPE:2432 -1.75%52 Return-on-Tangible-Equity is 19.47% as of Dec. 2025, which is 112% above its 10-year median of 9.18. GuruFocus rates TPE:2432 with a GF Score™ of 52/100 and a GF Value™ of NT$51.11 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,385 Hardware companies, Acer Gadget ranks better than 66.75% 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. Acer Gadget's annualized net income for the quarter that ended in Dec. 2025 was NT$227 Mil. Acer Gadget's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$1,166 Mil. Therefore, Acer Gadget's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 19.47%.
The historical rank and industry rank for Acer Gadget's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2432'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -23.48 Med: 9.18 Max: 18.05
Current: 10.12
During the past 7 years, Acer Gadget's highest Return-on-Tangible-Equity was 18.05%. The lowest was -23.48%. And the median was 9.18%.
TPE:2432's Return-on-Tangible-Equity is ranked better than 66.75% of 2385
companies
in the Hardware industry
Industry Median: 5.32
vs TPE:2432: 10.12
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.
Acer Gadget Return-on-Tangible-Equity Related Terms
Acer Gadget Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Acer Gadget'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:2432 vs SNDK, DELL, STX: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, Acer Gadget'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.
Acer Gadget Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Acer Gadget's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Acer Gadget'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 19.47% mean?
Acer Gadget (TPE:2432) has a Return-on-Tangible-Equity of 19.47% 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 Acer Gadget and its competitors. This is 112% above median its historical median of 9.18. According to the industry distribution chart, Acer Gadget ranks #793 out of 2385 companies in the Hardware industry, placing it in the top 33.2%.
Is Acer Gadget's Return-on-Tangible-Equity too high?
Acer Gadget's current Return-on-Tangible-Equity of 19.47% is 112% above median its 10-year median of 9.18. The Hardware industry median Return-on-Tangible-Equity is 5.32. Acer Gadget's value of 19.47% is 266% above this industry median. Based on the distribution chart, Acer Gadget ranks #793 out of 2385 companies in the Hardware industry, which is above the industry midpoint. Overall, Acer Gadget has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Acer Gadget's Return-on-Tangible-Equity compare to SNDK and DELL?
According to the Hardware industry distribution chart, Acer Gadget ranks #793 out of 2385 companies for Return-on-Tangible-Equity. This puts Acer Gadget in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.32. Acer Gadget's value of 19.47% is 266% above this benchmark. While the company's 10-year median is 9.18 vs. the industry median of 5.32, Acer Gadget has consistently been above 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 5.32, based on 2,385 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. Acer Gadget's current Return-on-Tangible-Equity of 19.47% is 266% 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 Acer Gadget and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Acer Gadget's current Return-on-Tangible-Equity is 19.47%, which is 112% above median its own 10-year median of 9.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Acer Gadget stock overvalued right now?
Based on GuruFocus' analysis, Acer Gadget (TPE:2432) is currently considered Possible Value Trap. The stock's GF Value™ is NT$51.11, compared to a current price of NT$28.05 — trading 45.1% below its estimated fair value. The current Return-on-Tangible-Equity is 19.47%, which is 112% above median its 10-year median of 9.18 and 266% above the Hardware industry median of 5.32. Acer Gadget's overall GF Score™ is 52/100 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 Acer Gadget (TPE:2432), the current Return-on-Tangible-Equity is 19.47% 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 Acer Gadget (TPE:2432) Overvalued in 2026?
Based on GuruFocus' analysis, Acer Gadget stock appears to be undervalued.
The current stock price of NT$28.05 is trading 45.1% below its estimated GF Value™ of NT$51.11.
GuruFocus considers Acer Gadget to be Possible Value Trap.
Key valuation signals for TPE:2432:
Return-on-Tangible-Equity: 19.47% (112% above median its 10-year median of 9.18)
GF Value™: NT$51.11 vs. price of NT$28.05 (45.1% below fair value)
Industry Position: 266% above the Hardware median (#793 of 2385)
No single metric tells the full story. See the TPE:2432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Acer Gadget Inc mainly engages in telecom value-added network business, the design, sales, and lease of computer software and hardware application systems, and the sales of computer peripherals and smart life products. Its segments include the Smart Devices and Value-Added Trading Division, which generates maximum revenue and mainly engages in gaming and non-gaming products, computer peripherals, and smart life products, the Fashion Division, which engages in bags, apparel, luggage, and accessories, the Smart Mobility Division, which engages in e-Scooters and e-Bikes, and the Solutions Division, which engages in system planning, development, maintenance, operation, and service promotion. The company generates maximum revenue from China.
52GF Score
Get the complete analysis for TPE:2432
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:2432 has been successfully added to your 
