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Mercuries & AssociatesTPE:2905 -0.33%68 Return-on-Tangible-Equity is 5.19% as of Dec. 2025, which is 36% below its 10-year median of 8.15. GuruFocus rates TPE:2905 with a GF Score™ of 68/100 and a GF Value™ of NT$11.50 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 499 Insurance companies, Mercuries & Associates ranks worse than 79.96% 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. Mercuries & Associates's annualized net income for the quarter that ended in Dec. 2025 was NT$789 Mil. Mercuries & Associates's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$15,194 Mil. Therefore, Mercuries & Associates's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 5.19%.
The historical rank and industry rank for Mercuries & Associates's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2905'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -34.59 Med: 8.15 Max: 20.54
Current: 5.16
During the past 13 years, Mercuries & Associates's highest Return-on-Tangible-Equity was 20.54%. The lowest was -34.59%. And the median was 8.15%.
TPE:2905's Return-on-Tangible-Equity is ranked worse than 79.96% of 499
companies
in the Insurance industry
Industry Median: 13.32
vs TPE:2905: 5.16
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.
Mercuries & Associates Return-on-Tangible-Equity Related Terms
Mercuries & Associates Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mercuries & Associates'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:2905 vs AFL, MET, PRU: Return-on-Tangible-Equity Comparison
For the Insurance - Life subindustry, Mercuries & Associates'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.
Mercuries & Associates Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Mercuries & Associates's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mercuries & Associates'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 5.19% mean?
Mercuries & Associates (TPE:2905) has a Return-on-Tangible-Equity of 5.19% 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 Mercuries & Associates and its competitors. This is 36% below median its historical median of 8.15. According to the industry distribution chart, Mercuries & Associates ranks #399 out of 499 companies in the Insurance industry, placing it in the top 80%.
Is Mercuries & Associates' Return-on-Tangible-Equity too high?
Mercuries & Associates' current Return-on-Tangible-Equity of 5.19% is 36% below median its 10-year median of 8.15. The Insurance industry median Return-on-Tangible-Equity is 13.32. Mercuries & Associates' value of 5.19% is 61% below this industry median. Based on the distribution chart, Mercuries & Associates ranks #399 out of 499 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Mercuries & Associates has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercuries & Associates' Return-on-Tangible-Equity compare to AFL and MET?
According to the Insurance industry distribution chart, Mercuries & Associates ranks #399 out of 499 companies for Return-on-Tangible-Equity. This places Mercuries & Associates in the lower half of its industry. The industry median Return-on-Tangible-Equity is 13.32. Mercuries & Associates' value of 5.19% is 61% below this benchmark. While the company's 10-year median is 8.15 vs. the industry median of 13.32, Mercuries & Associates 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 an Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.32, based on 499 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. Mercuries & Associates's current Return-on-Tangible-Equity of 5.19% is 61% 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 Mercuries & Associates and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercuries & Associates's current Return-on-Tangible-Equity is 5.19%, which is 36% below median its own 10-year median of 8.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercuries & Associates stock overvalued right now?
Based on GuruFocus' analysis, Mercuries & Associates (TPE:2905) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$11.50, compared to a current price of NT$15.30 — trading 33% above its estimated fair value. The current Return-on-Tangible-Equity is 5.19%, which is 36% below median its 10-year median of 8.15 and 61% below the Insurance industry median of 13.32. Mercuries & Associates' overall GF Score™ is 68/100 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 Mercuries & Associates (TPE:2905), the current Return-on-Tangible-Equity is 5.19% 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 Mercuries & Associates (TPE:2905) Overvalued in 2026?
Based on GuruFocus' analysis, Mercuries & Associates stock appears to be overvalued.
The current stock price of NT$15.30 is trading 33% above its estimated GF Value™ of NT$11.50.
GuruFocus considers Mercuries & Associates to be Significantly Overvalued.
Key valuation signals for TPE:2905:
Return-on-Tangible-Equity: 5.19% (36% below median its 10-year median of 8.15)
GF Value™: NT$11.50 vs. price of NT$15.30 (33% above fair value)
Industry Position: 61% below the Insurance median (#399 of 499)
No single metric tells the full story. See the TPE:2905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercuries & Associates Ltd is mainly engaged in finance and investment. The company is engaged in diversified businesses such as insurance, food and beverage, pharmaceutical, and IT integration. The segment of the company include Life insurance, Retail, Food and beverage, Food, IT service, Pharmaceutical, and Others. The company derives maximum revenue from the Life Insurance segment. Geographically, the company operates in domestic regions only.
68GF Score
Get the complete analysis for TPE:2905
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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