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Far Eastern Department StoresTPE:2903 -0.68%70 Return-on-Tangible-Equity is 8.79% as of Dec. 2025, which is 32% above its 10-year median of 6.66. GuruFocus rates TPE:2903 with a GF Score™ of 70/100 and a GF Value™ of NT$22.24 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,060 Retail - Cyclical companies, Far Eastern Department Stores ranks worse than 51.98% 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. Far Eastern Department Stores's annualized net income for the quarter that ended in Dec. 2025 was NT$2,504 Mil. Far Eastern Department Stores's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$28,474 Mil. Therefore, Far Eastern Department Stores's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 8.79%.
The historical rank and industry rank for Far Eastern Department Stores's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2903'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.22 Med: 6.66 Max: 9.48
Current: 7.63
During the past 13 years, Far Eastern Department Stores's highest Return-on-Tangible-Equity was 9.48%. The lowest was 4.22%. And the median was 6.66%.
TPE:2903's Return-on-Tangible-Equity is ranked worse than 51.98% of 1060
companies
in the Retail - Cyclical industry
Industry Median: 8.34
vs TPE:2903: 7.63
Far Eastern Department Stores (TPE:2903) 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.
Far Eastern Department Stores Return-on-Tangible-Equity Related Terms
Far Eastern Department Stores Return-on-Tangible-Equity Historical Data
* 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.
Far Eastern Department Stores Return-on-Tangible-Equity Chart
TPE:2903 vs DDS, M: Return-on-Tangible-Equity Comparison
For the Department Stores subindustry, Far Eastern Department Stores'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.
Far Eastern Department Stores Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Far Eastern Department Stores's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Far Eastern Department Stores'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 8.79% mean?
Far Eastern Department Stores (TPE:2903) has a Return-on-Tangible-Equity of 8.79% 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 Far Eastern Department Stores and its competitors. This is 32% above median its historical median of 6.66. Over the past decade, Far Eastern Department Stores' Return-on-Tangible-Equity has ranged from 4.22 to 9.48. According to the industry distribution chart, Far Eastern Department Stores ranks #551 out of 1060 companies in the Retail - Cyclical industry, placing it in the top 52%.
Is Far Eastern Department Stores' Return-on-Tangible-Equity too high?
Far Eastern Department Stores' current Return-on-Tangible-Equity of 8.79% is 32% above median its 10-year median of 6.66. Over the past 10 years, this metric has ranged from a low of 4.22 to a high of 9.48. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.34. Far Eastern Department Stores' value of 8.79% is 5.4% above this industry median. Based on the distribution chart, Far Eastern Department Stores ranks #551 out of 1060 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Far Eastern Department Stores has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Far Eastern Department Stores' Return-on-Tangible-Equity compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Far Eastern Department Stores ranks #551 out of 1060 companies for Return-on-Tangible-Equity. This places Far Eastern Department Stores in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.34. Far Eastern Department Stores' value of 8.79% is 5.4% above this benchmark. Historically, Far Eastern Department Stores' own Return-on-Tangible-Equity has ranged from 4.22 to 9.48 over the past decade. While the company's 10-year median is 6.66 vs. the industry median of 8.34, Far Eastern Department Stores 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.34, based on 1,060 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. Far Eastern Department Stores's current Return-on-Tangible-Equity of 8.79% is 5.4% 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 Far Eastern Department Stores and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Far Eastern Department Stores's current Return-on-Tangible-Equity is 8.79%, which is 32% above median its own 10-year median of 6.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Far Eastern Department Stores stock overvalued right now?
Based on GuruFocus' analysis, Far Eastern Department Stores (TPE:2903) is currently considered Fairly Valued. The stock's GF Value™ is NT$22.24, compared to a current price of NT$21.85 — trading 1.8% below its estimated fair value. The current Return-on-Tangible-Equity is 8.79%, which is 32% above median its 10-year median of 6.66 and 5.4% above the Retail - Cyclical industry median of 8.34. Far Eastern Department Stores' overall GF Score™ is 70/100 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 Far Eastern Department Stores (TPE:2903), the current Return-on-Tangible-Equity is 8.79% 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 Far Eastern Department Stores (TPE:2903) Overvalued in 2026?
Based on GuruFocus' analysis, Far Eastern Department Stores stock appears to be undervalued.
The current stock price of NT$21.85 is trading 1.8% below its estimated GF Value™ of NT$22.24.
GuruFocus considers Far Eastern Department Stores to be Fairly Valued.
Key valuation signals for TPE:2903:
Return-on-Tangible-Equity: 8.79% (32% above median its 10-year median of 6.66)
GF Value™: NT$22.24 vs. price of NT$21.85 (1.8% below fair value)
Industry Position: 5.4% above the Retail - Cyclical median (#551 of 1060)
No single metric tells the full story. See the TPE:2903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Far Eastern Department Stores Business Description
Far Eastern Department Stores Ltd is a Taiwan-based company principally engaged in the operation of department stores and supermarkets. It provides a broad range of merchandise, including foods, apparel, gold and jewelry, household appliances, groceries, home furnishing products, consumer electronics, stationery goods, artworks, entertainment appliances, and sports and leisure goods. Geographically, the Group generates maximum revenue from ROC, and the rest from China.
70GF Score
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