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Tonlin Department Store CoTPE:2910 +9.98%73 Return-on-Tangible-Equity is 8.43% as of Dec. 2025, which is 74% above its 10-year median of 4.84. GuruFocus rates TPE:2910 with a GF Score™ of 73/100 and a GF Value™ of NT$19.46 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,059 Retail - Cyclical companies, Tonlin Department Store Co ranks worse than 51.09% 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. Tonlin Department Store Co's annualized net income for the quarter that ended in Dec. 2025 was NT$230.0 Mil. Tonlin Department Store Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$2,726.8 Mil. Therefore, Tonlin Department Store Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 8.43%.
The historical rank and industry rank for Tonlin Department Store Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2910'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.16 Med: 4.84 Max: 8.26
Current: 8.03
During the past 13 years, Tonlin Department Store Co's highest Return-on-Tangible-Equity was 8.26%. The lowest was 1.16%. And the median was 4.84%.
TPE:2910's Return-on-Tangible-Equity is ranked worse than 51.09% of 1059
companies
in the Retail - Cyclical industry
Industry Median: 8.45
vs TPE:2910: 8.03
Tonlin Department Store Co (TPE:2910) 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.
Tonlin Department Store Co Return-on-Tangible-Equity Related Terms
Tonlin Department Store Co 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.
Tonlin Department Store Co Return-on-Tangible-Equity Chart
TPE:2910 vs DDS, M: Return-on-Tangible-Equity Comparison
For the Department Stores subindustry, Tonlin Department Store 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.
Tonlin Department Store Co Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tonlin Department Store Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tonlin Department Store Co'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 8.43% mean?
Tonlin Department Store Co (TPE:2910) has a Return-on-Tangible-Equity of 8.43% 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 Tonlin Department Store Co and its competitors. This is 74% above median its historical median of 4.84. Over the past decade, Tonlin Department Store Co's Return-on-Tangible-Equity has ranged from 1.16 to 8.26. According to the industry distribution chart, Tonlin Department Store Co ranks #541 out of 1059 companies in the Retail - Cyclical industry, placing it in the top 51.1%.
Is Tonlin Department Store Co's Return-on-Tangible-Equity too high?
Tonlin Department Store Co's current Return-on-Tangible-Equity of 8.43% is 74% above median its 10-year median of 4.84. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 8.26. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.45. Tonlin Department Store Co's value of 8.43% is 0.2% below this industry median. Based on the distribution chart, Tonlin Department Store Co ranks #541 out of 1059 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Tonlin Department Store Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tonlin Department Store Co's Return-on-Tangible-Equity compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Tonlin Department Store Co ranks #541 out of 1059 companies for Return-on-Tangible-Equity. This places Tonlin Department Store Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.45. Tonlin Department Store Co's value of 8.43% is 0.2% below this benchmark. Historically, Tonlin Department Store Co's own Return-on-Tangible-Equity has ranged from 1.16 to 8.26 over the past decade. While the company's 10-year median is 4.84 vs. the industry median of 8.45, Tonlin Department Store Co 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.45, based on 1,059 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. Tonlin Department Store Co's current Return-on-Tangible-Equity of 8.43% is 0.2% 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 Tonlin Department Store Co and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tonlin Department Store Co's current Return-on-Tangible-Equity is 8.43%, which is 74% above median its own 10-year median of 4.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tonlin Department Store Co stock overvalued right now?
Based on GuruFocus' analysis, Tonlin Department Store Co (TPE:2910) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$19.46, compared to a current price of NT$27.00 — trading 38.7% above its estimated fair value. The current Return-on-Tangible-Equity is 8.43%, which is 74% above median its 10-year median of 4.84 and 0.2% below the Retail - Cyclical industry median of 8.45. Tonlin Department Store Co's overall GF Score™ is 73/100 with 6 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 Tonlin Department Store Co (TPE:2910), the current Return-on-Tangible-Equity is 8.43% 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 Tonlin Department Store Co (TPE:2910) Overvalued in 2026?
Based on GuruFocus' analysis, Tonlin Department Store Co stock appears to be overvalued.
The current stock price of NT$27.00 is trading 38.7% above its estimated GF Value™ of NT$19.46.
GuruFocus considers Tonlin Department Store Co to be Significantly Overvalued.
Key valuation signals for TPE:2910:
Return-on-Tangible-Equity: 8.43% (74% above median its 10-year median of 4.84)
GF Value™: NT$19.46 vs. price of NT$27.00 (38.7% above fair value)
Industry Position: 0.2% below the Retail - Cyclical median (#541 of 1059)
No single metric tells the full story. See the TPE:2910 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tonlin Department Store Co Ltd operates department stores offering men's and women's apparel and accessories, food, gifts, and general merchandise, among others. The reporting segments for the company are: Department store and Construction segment. Maximum revenue is generated from the Department store segment.
73GF Score
Get the complete analysis for TPE:2910
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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