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. Leadtek Research's annualized net income for the quarter that ended in Dec. 2025 was NT$117 Mil. Leadtek Research's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$830 Mil. Therefore, Leadtek Research's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 14.05%.
The historical rank and industry rank for Leadtek Research's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2465'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -55.61 Med: -15.87 Max: 82.04
Current: 5.28
During the past 13 years, Leadtek Research's highest Return-on-Tangible-Equity was 82.04%. The lowest was -55.61%. And the median was -15.87%.
TPE:2465's Return-on-Tangible-Equity is ranked worse than 50.15% of 2385
companies
in the Hardware industry
Industry Median: 5.32
vs TPE:2465: 5.28
Leadtek Research (TPE:2465) 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.
Leadtek Research Return-on-Tangible-Equity Related Terms
Leadtek Research Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Leadtek Research'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:2465 vs SNDK, DELL, STX: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, Leadtek Research'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.
Leadtek Research Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Leadtek Research's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Leadtek Research'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 14.05% mean?
Leadtek Research (TPE:2465) has a Return-on-Tangible-Equity of 14.05% 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 Leadtek Research and its competitors. According to the industry distribution chart, Leadtek Research ranks #1196 out of 2385 companies in the Hardware industry, placing it in the top 50.1%.
Is Leadtek Research's Return-on-Tangible-Equity too high?
Leadtek Research's current Return-on-Tangible-Equity is 14.05%. The Hardware industry median Return-on-Tangible-Equity is 5.32. Leadtek Research's value of 14.05% is 164.1% above this industry median. Based on the distribution chart, Leadtek Research ranks #1196 out of 2385 companies in the Hardware industry, which is below the industry midpoint. Overall, Leadtek Research has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leadtek Research's Return-on-Tangible-Equity compare to SNDK and DELL?
According to the Hardware industry distribution chart, Leadtek Research ranks #1196 out of 2385 companies for Return-on-Tangible-Equity. This places Leadtek Research in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.32. Leadtek Research's value of 14.05% is 164.1% 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 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. Leadtek Research's current Return-on-Tangible-Equity of 14.05% is 164.1% 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 Leadtek Research 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. Leadtek Research's current Return-on-Tangible-Equity is 14.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leadtek Research stock overvalued right now?
Based on GuruFocus' analysis, Leadtek Research (TPE:2465) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$55.64, compared to a current price of NT$83.30 — trading 49.7% above its estimated fair value. The current Return-on-Tangible-Equity is 14.05% and 164.1% above the Hardware industry median of 5.32. Leadtek Research's overall GF Score™ is 63/100 with 6 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 Leadtek Research (TPE:2465), the current Return-on-Tangible-Equity is 14.05% 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 Leadtek Research (TPE:2465) Overvalued in 2026?
Based on GuruFocus' analysis, Leadtek Research stock appears to be overvalued.
The current stock price of NT$83.30 is trading 49.7% above its estimated GF Value™ of NT$55.64.
GuruFocus considers Leadtek Research to be Significantly Overvalued.
Key valuation signals for TPE:2465:
Return-on-Tangible-Equity: 14.05%
GF Value™: NT$55.64 vs. price of NT$83.30 (49.7% above fair value)
Industry Position: 164.1% above the Hardware median (#1196 of 2385)
No single metric tells the full story. See the TPE:2465 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leadtek Research Inc is the design, manufacturing, and trading of communication devices, computers, communications, telecommunications, and peripheral equipment. Company has two reportable segments: the computer product department and the smart healthcare department. The products offered by the company include computer entertainment graphics cards, AI Inference devices, AI cloud supercomputing workstations, GPU-based AI workstations, servers, and professional graphics cards (WinFast/RTX). The company has expanded beyond computer hardware into smart medical healthcare, offering AI-driven diagnostic devices, wearable ECG monitors, and health management platforms and others. Geographically, company's regional market includes Mainland China, Taiwan, USA, Hong Kong, Korea and other countries.
63GF Score
Get the complete analysis for TPE:2465
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:2465 has been successfully added to your 
