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Evergreen Marine (Taiwan)TPE:2603 -1.00%91 Return-on-Tangible-Equity is 6.18% as of Dec. 2025, which is 49% below its 10-year median of 12.14. GuruFocus rates TPE:2603 with a GF Score™ of 91/100 and a GF Value™ of NT$176.18 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 978 Transportation companies, Evergreen Marine (Taiwan) ranks better than 62.17% 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. Evergreen Marine (Taiwan)'s annualized net income for the quarter that ended in Dec. 2025 was NT$34,073 Mil. Evergreen Marine (Taiwan)'s average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$551,624 Mil. Therefore, Evergreen Marine (Taiwan)'s annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 6.18%.
The historical rank and industry rank for Evergreen Marine (Taiwan)'s Return-on-Tangible-Equity or its related term are showing as below:
TPE:2603'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.14 Med: 12.14 Max: 114.29
Current: 12.26
During the past 13 years, Evergreen Marine (Taiwan)'s highest Return-on-Tangible-Equity was 114.29%. The lowest was -12.14%. And the median was 12.14%.
TPE:2603's Return-on-Tangible-Equity is ranked better than 62.17% of 978
companies
in the Transportation industry
Industry Median: 8.985
vs TPE:2603: 12.26
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.
Evergreen Marine (Taiwan) Return-on-Tangible-Equity Related Terms
Evergreen Marine (Taiwan) Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Evergreen Marine (Taiwan)'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.
For the Marine Shipping subindustry, Evergreen Marine (Taiwan)'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.
Evergreen Marine (Taiwan) Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Evergreen Marine (Taiwan)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Evergreen Marine (Taiwan)'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 6.18% mean?
Evergreen Marine (Taiwan) (TPE:2603) has a Return-on-Tangible-Equity of 6.18% 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 Evergreen Marine (Taiwan) and its competitors. This is 49% below median its historical median of 12.14. According to the industry distribution chart, Evergreen Marine (Taiwan) ranks #370 out of 978 companies in the Transportation industry, placing it in the top 37.8%.
Is Evergreen Marine (Taiwan)'s Return-on-Tangible-Equity too high?
Evergreen Marine (Taiwan)'s current Return-on-Tangible-Equity of 6.18% is 49% below median its 10-year median of 12.14. The Transportation industry median Return-on-Tangible-Equity is 8.99. Evergreen Marine (Taiwan)'s value of 6.18% is 31.2% below this industry median. Based on the distribution chart, Evergreen Marine (Taiwan) ranks #370 out of 978 companies in the Transportation industry, which is above the industry midpoint. Overall, Evergreen Marine (Taiwan) has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evergreen Marine (Taiwan)'s Return-on-Tangible-Equity compare to competitors?
According to the Transportation industry distribution chart, Evergreen Marine (Taiwan) ranks #370 out of 978 companies for Return-on-Tangible-Equity. This puts Evergreen Marine (Taiwan) in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.99. Evergreen Marine (Taiwan)'s value of 6.18% is 31.2% below this benchmark. While the company's 10-year median is 12.14 vs. the industry median of 8.99, Evergreen Marine (Taiwan) 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 8.99, based on 978 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. Evergreen Marine (Taiwan)'s current Return-on-Tangible-Equity of 6.18% is 31.2% 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 Evergreen Marine (Taiwan) and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 8.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evergreen Marine (Taiwan)'s current Return-on-Tangible-Equity is 6.18%, which is 49% below median its own 10-year median of 12.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evergreen Marine (Taiwan) stock overvalued right now?
Based on GuruFocus' analysis, Evergreen Marine (Taiwan) (TPE:2603) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$176.18, compared to a current price of NT$198.00 — trading 12.4% above its estimated fair value. The current Return-on-Tangible-Equity is 6.18%, which is 49% below median its 10-year median of 12.14 and 31.2% below the Transportation industry median of 8.99. Evergreen Marine (Taiwan)'s overall GF Score™ is 91/100 with 9 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 Evergreen Marine (Taiwan) (TPE:2603), the current Return-on-Tangible-Equity is 6.18% 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 Evergreen Marine (Taiwan) (TPE:2603) Overvalued in 2026?
Based on GuruFocus' analysis, Evergreen Marine (Taiwan) stock appears to be overvalued.
The current stock price of NT$198.00 is trading 12.4% above its estimated GF Value™ of NT$176.18.
GuruFocus considers Evergreen Marine (Taiwan) to be Modestly Overvalued.
Key valuation signals for TPE:2603:
Return-on-Tangible-Equity: 6.18% (49% below median its 10-year median of 12.14)
GF Value™: NT$176.18 vs. price of NT$198.00 (12.4% above fair value)
Industry Position: 31.2% below the Transportation median (#370 of 978)
No single metric tells the full story. See the TPE:2603 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evergreen Marine Corp (Taiwan) Ltd is mainly engaged in domestic and international marine transportation, shipping agency services, commercial port area ship repair services, and the distribution of containers. Along with its subsidiaries, it operates in the following reportable segments: Transportation Department, which derives maximum revenue, and Other Departments. Geographically, the group generates maximum revenue from Asia (excluding Taiwan), followed by Taiwan, America, Europe, and other regions.
91GF Score
Get the complete analysis for TPE:2603
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