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.
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. Space Shuttle Hi-Tech Co's annualized net income for the quarter that ended in Dec. 2025 was NT$13 Mil. Space Shuttle Hi-Tech Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$1,379 Mil. Therefore, Space Shuttle Hi-Tech Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 0.97%.
The historical rank and industry rank for Space Shuttle Hi-Tech Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2440'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.46 Med: -2 Max: 19.08
Current: -2.57
During the past 13 years, Space Shuttle Hi-Tech Co's highest Return-on-Tangible-Equity was 19.08%. The lowest was -10.46%. And the median was -2.00%.
TPE:2440's Return-on-Tangible-Equity is ranked worse than 79.86% of 2969
companies
in the Industrial Products industry
Industry Median: 6.76
vs TPE:2440: -2.57
Space Shuttle Hi-Tech Co (TPE:2440) 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.
Space Shuttle Hi-Tech Co Return-on-Tangible-Equity Related Terms
Space Shuttle Hi-Tech Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Space Shuttle Hi-Tech 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.
Space Shuttle Hi-Tech Co Return-on-Tangible-Equity Chart
TPE:2440 vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, Space Shuttle Hi-Tech 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.
Space Shuttle Hi-Tech Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Space Shuttle Hi-Tech Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Space Shuttle Hi-Tech 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 0.97% mean?
Space Shuttle Hi-Tech Co (TPE:2440) has a Return-on-Tangible-Equity of 0.97% 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 Space Shuttle Hi-Tech Co and its competitors. According to the industry distribution chart, Space Shuttle Hi-Tech Co ranks #2371 out of 2969 companies in the Industrial Products industry, placing it in the top 79.9%.
Is Space Shuttle Hi-Tech Co's Return-on-Tangible-Equity too high?
Space Shuttle Hi-Tech Co's current Return-on-Tangible-Equity is 0.97%. The Industrial Products industry median Return-on-Tangible-Equity is 6.76. Space Shuttle Hi-Tech Co's value of 0.97% is 85.7% below this industry median. Based on the distribution chart, Space Shuttle Hi-Tech Co ranks #2371 out of 2969 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Space Shuttle Hi-Tech Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Space Shuttle Hi-Tech Co's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Space Shuttle Hi-Tech Co ranks #2371 out of 2969 companies for Return-on-Tangible-Equity. This places Space Shuttle Hi-Tech Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.76. Space Shuttle Hi-Tech Co's value of 0.97% is 85.7% below 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.76, based on 2,969 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. Space Shuttle Hi-Tech Co's current Return-on-Tangible-Equity of 0.97% is 85.7% 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 Space Shuttle Hi-Tech Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Shuttle Hi-Tech Co's current Return-on-Tangible-Equity is 0.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Shuttle Hi-Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Space Shuttle Hi-Tech Co (TPE:2440) is currently considered Fairly Valued. The stock's GF Value™ is NT$14.21, compared to a current price of NT$15.50 — trading 9.1% above its estimated fair value. The current Return-on-Tangible-Equity is 0.97% and 85.7% below the Industrial Products industry median of 6.76. Space Shuttle Hi-Tech Co's overall GF Score™ is 70/100 with 8 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 Space Shuttle Hi-Tech Co (TPE:2440), the current Return-on-Tangible-Equity is 0.97% 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 Space Shuttle Hi-Tech Co (TPE:2440) Overvalued in 2026?
Based on GuruFocus' analysis, Space Shuttle Hi-Tech Co stock appears to be overvalued.
The current stock price of NT$15.50 is trading 9.1% above its estimated GF Value™ of NT$14.21.
GuruFocus considers Space Shuttle Hi-Tech Co to be Fairly Valued.
Key valuation signals for TPE:2440:
Return-on-Tangible-Equity: 0.97%
GF Value™: NT$14.21 vs. price of NT$15.50 (9.1% above fair value)
Industry Position: 85.7% below the Industrial Products median (#2371 of 2969)
No single metric tells the full story. See the TPE:2440 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Space Shuttle Hi-Tech Co Ltd is engaged in the reprocessing of copper and the manufacturing and sales of information transmission cables. The company generates the majority of its revenues from the re-processing and re-manufacturing of various copper materials, the production and sales of information transmission wires, and the manufacturing and sales of related products. The company mainly operates in Asia, hence all the revenue come from Asia itself.
70GF Score
Get the complete analysis for TPE:2440
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:2440 has been successfully added to your 
