Huaku Development Co (TPE:2548) Return-on-Tangible-Equity: 50.46% (As of Dec. 2025) — 215% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TPE:2548 Huaku Development Co Ltd TPE:2548
78 GF Score
Price NT$101.00
GF Value NT$156.46
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Huaku Development Co Return-on-Tangible-Equity?

Huaku Development Co TPE:2548 -1.94% 78 Return-on-Tangible-Equity is 50.46% as of Dec. 2025, which is 215% above its 10-year median of 16.02. GuruFocus rates TPE:2548 with a GF Score™ of 78/100 and a GF Value™ of NT$156.46 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,719 Real Estate companies, Huaku Development Co ranks better than 84.76% 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. Huaku Development Co's annualized net income for the quarter that ended in Dec. 2025 was NT$10,639 Mil. Huaku Development Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$21,083 Mil. Therefore, Huaku Development Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 50.46%.

The historical rank and industry rank for Huaku Development Co's Return-on-Tangible-Equity or its related term are showing as below:

TPE:2548' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.67   Med: 16.02   Max: 19.86
Current: 15.98

During the past 13 years, Huaku Development Co's highest Return-on-Tangible-Equity was 19.86%. The lowest was 5.67%. And the median was 16.02%.

TPE:2548's Return-on-Tangible-Equity is ranked better than
84.76% of 1719 companies
in the Real Estate industry
Industry Median: 4.27 vs TPE:2548: 15.98

Huaku Development Co  (TPE:2548) 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.


Huaku Development Co Return-on-Tangible-Equity Related Terms


Huaku Development Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Huaku Development 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.

Huaku Development Co Return-on-Tangible-Equity Chart

Huaku Development Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.33 15.71 17.89 6.69 14.99

Huaku Development Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.56 -2.55 7.47 7.16 50.46

Huaku Development Co Return-on-Tangible-Equity Competitor Comparison

For the Real Estate - Development subindustry, Huaku Development 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.


Huaku Development Co Return-on-Tangible-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Huaku Development Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Huaku Development Co's Return-on-Tangible-Equity falls into.


TPE:2548
78GF Score
Huaku Development Co Ltd TPE:2548
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Huaku Development Co Return-on-Tangible-Equity Calculation

Huaku Development Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=3241.66/( (20843.572+22415.272 )/ 2 )
=3241.66/21629.422
=14.99 %

Huaku Development Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=10638.596/( (19750.508+22415.272)/ 2 )
=10638.596/21082.89
=50.46 %

* 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 50.46% mean?
Huaku Development Co (TPE:2548) has a Return-on-Tangible-Equity of 50.46% 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 Huaku Development Co and its competitors. This is 215% above median its historical median of 16.02. Over the past decade, Huaku Development Co's Return-on-Tangible-Equity has ranged from 5.67 to 19.86. According to the industry distribution chart, Huaku Development Co ranks #262 out of 1719 companies in the Real Estate industry, placing it in the top 15.2%.
Is Huaku Development Co's Return-on-Tangible-Equity too high?
Huaku Development Co's current Return-on-Tangible-Equity of 50.46% is 215% above median its 10-year median of 16.02. Over the past 10 years, this metric has ranged from a low of 5.67 to a high of 19.86. The Real Estate industry median Return-on-Tangible-Equity is 4.27. Huaku Development Co's value of 50.46% is 1081.7% above this industry median. Based on the distribution chart, Huaku Development Co ranks #262 out of 1719 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Huaku Development Co has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Huaku Development Co's Return-on-Tangible-Equity compare to competitors?
According to the Real Estate industry distribution chart, Huaku Development Co ranks #262 out of 1719 companies for Return-on-Tangible-Equity. This places Huaku Development Co in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.27. Huaku Development Co's value of 50.46% is 1081.7% above this benchmark. Historically, Huaku Development Co's own Return-on-Tangible-Equity has ranged from 5.67 to 19.86 over the past decade. While the company's 10-year median is 16.02 vs. the industry median of 4.27, Huaku Development Co 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.27, based on 1,719 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. Huaku Development Co's current Return-on-Tangible-Equity of 50.46% is 1081.7% 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 Huaku Development Co and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Huaku Development Co's current Return-on-Tangible-Equity is 50.46%, which is 215% above median its own 10-year median of 16.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huaku Development Co stock overvalued right now?
Based on GuruFocus' analysis, Huaku Development Co (TPE:2548) is currently considered Possible Value Trap. The stock's GF Value™ is NT$156.46, compared to a current price of NT$101.00 — trading 35.4% below its estimated fair value. The current Return-on-Tangible-Equity is 50.46%, which is 215% above median its 10-year median of 16.02 and 1081.7% above the Real Estate industry median of 4.27. Huaku Development Co's overall GF Score™ is 78/100 with 7 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 Huaku Development Co (TPE:2548), the current Return-on-Tangible-Equity is 50.46% 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 Huaku Development Co (TPE:2548) Overvalued in 2026?

Based on GuruFocus' analysis, Huaku Development Co stock appears to be undervalued. The current stock price of NT$101.00 is trading 35.4% below its estimated GF Value™ of NT$156.46. GuruFocus considers Huaku Development Co to be Possible Value Trap.

Key valuation signals for TPE:2548:

  • Return-on-Tangible-Equity: 50.46% (215% above median its 10-year median of 16.02)
  • GF Value™: NT$156.46 vs. price of NT$101.00 (35.4% below fair value)
  • GF Score™: 78/100 with 7 warning signs
  • Industry Position: 1081.7% above the Real Estate median (#262 of 1719)

No single metric tells the full story. See the TPE:2548 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Huaku Development Co Business Description

Address 7th Floor, No. 456, Section 4, Xinyi Road, Xinyi District, Taipei, TWN
Huaku Development Co Ltd is engaged in the contract construction, leasing, and sales of public housing, commercial buildings, and general-purpose plants and warehouses. The company's projects include high-tech factories, villas, apartment buildings, high-rises, and luxury residences. It derives revenue from sales of construction.
78GF Score

Get the complete analysis for TPE:2548

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$101.00
Price
NT$156.46
GF Value