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President SecuritiesTPE:2855 -4.75%77 Return-on-Tangible-Equity is 22.66% as of Dec. 2025, which is 124% above its 10-year median of 10.13. GuruFocus rates TPE:2855 with a GF Score™ of 77/100 and a GF Value™ of NT$26.10 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 784 Capital Markets companies, President Securities ranks better than 67.86% 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. President Securities's annualized net income for the quarter that ended in Dec. 2025 was NT$8,550 Mil. President Securities's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$37,733 Mil. Therefore, President Securities's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 22.66%.
The historical rank and industry rank for President Securities's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2855'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.39 Med: 10.13 Max: 13.4
Current: 13.4
During the past 13 years, President Securities's highest Return-on-Tangible-Equity was 13.40%. The lowest was 2.39%. And the median was 10.13%.
TPE:2855's Return-on-Tangible-Equity is ranked better than 67.86% of 784
companies
in the Capital Markets industry
Industry Median: 6.485
vs TPE:2855: 13.40
President Securities (TPE:2855) 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.
President Securities Return-on-Tangible-Equity Related Terms
President Securities Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for President Securities'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.
President Securities Return-on-Tangible-Equity Chart
TPE:2855 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, President Securities'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.
President Securities Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, President Securities's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where President Securities'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 22.66% mean?
President Securities (TPE:2855) has a Return-on-Tangible-Equity of 22.66% 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 President Securities and its competitors. This is 124% above median its historical median of 10.13. Over the past decade, President Securities' Return-on-Tangible-Equity has ranged from 2.39 to 13.40. According to the industry distribution chart, President Securities ranks #252 out of 784 companies in the Capital Markets industry, placing it in the top 32.1%.
Is President Securities' Return-on-Tangible-Equity too high?
President Securities' current Return-on-Tangible-Equity of 22.66% is 124% above median its 10-year median of 10.13. Over the past 10 years, this metric has ranged from a low of 2.39 to a high of 13.40. The Capital Markets industry median Return-on-Tangible-Equity is 6.49. President Securities' value of 22.66% is 249.4% above this industry median. Based on the distribution chart, President Securities ranks #252 out of 784 companies in the Capital Markets industry, which is above the industry midpoint. Overall, President Securities has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does President Securities' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, President Securities ranks #252 out of 784 companies for Return-on-Tangible-Equity. This puts President Securities in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.49. President Securities' value of 22.66% is 249.4% above this benchmark. Historically, President Securities' own Return-on-Tangible-Equity has ranged from 2.39 to 13.40 over the past decade. While the company's 10-year median is 10.13 vs. the industry median of 6.49, President Securities 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.49, based on 784 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. President Securities's current Return-on-Tangible-Equity of 22.66% is 249.4% 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 President Securities and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. President Securities's current Return-on-Tangible-Equity is 22.66%, which is 124% above median its own 10-year median of 10.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is President Securities stock overvalued right now?
Based on GuruFocus' analysis, President Securities (TPE:2855) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$26.10, compared to a current price of NT$44.15 — trading 69.2% above its estimated fair value. The current Return-on-Tangible-Equity is 22.66%, which is 124% above median its 10-year median of 10.13 and 249.4% above the Capital Markets industry median of 6.49. President Securities' overall GF Score™ is 77/100 with 10 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 President Securities (TPE:2855), the current Return-on-Tangible-Equity is 22.66% 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 President Securities (TPE:2855) Overvalued in 2026?
Based on GuruFocus' analysis, President Securities stock appears to be overvalued.
The current stock price of NT$44.15 is trading 69.2% above its estimated GF Value™ of NT$26.10.
GuruFocus considers President Securities to be Significantly Overvalued.
Key valuation signals for TPE:2855:
Return-on-Tangible-Equity: 22.66% (124% above median its 10-year median of 10.13)
GF Value™: NT$26.10 vs. price of NT$44.15 (69.2% above fair value)
Industry Position: 249.4% above the Capital Markets median (#252 of 784)
No single metric tells the full story. See the TPE:2855 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
President Securities Corp engaged in underwriting of securities, dealing or brokerage business of securities at the securities exchange markets and business premises, registration and transfer agency service for securities, margin loans and short sales business of securities, securities lending and borrowing business, futures introducing brokerage services, futures dealing, issuance of call (put) warrants, wealth management business, and trust business. Its operating segments include Brokerage, Proprietary Trading, Financial Instrument, and Reinvestment segments, with the Brokerage segment generating maximum revenue from consigned trading of the listed securities, margin trading, and short sale, assistance in futures trading, and other instruments trading, as approved by the regulations.
77GF Score
Get the complete analysis for TPE:2855
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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