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Welltend TechnologyTPE:3021 +5.71%72 Return-on-Tangible-Equity is 4.67% as of Mar. 2026, which is 51% below its 10-year median of 9.57. GuruFocus rates TPE:3021 with a GF Score™ of 72/100 and a GF Value™ of NT$21.17 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,382 Hardware companies, Welltend Technology ranks worse than 56.63% 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. Welltend Technology's annualized net income for the quarter that ended in Mar. 2026 was NT$72 Mil. Welltend Technology's average shareholder tangible equity for the quarter that ended in Mar. 2026 was NT$1,538 Mil. Therefore, Welltend Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.67%.
The historical rank and industry rank for Welltend Technology's Return-on-Tangible-Equity or its related term are showing as below:
TPE:3021'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.99 Med: 9.57 Max: 13.82
Current: 3.64
During the past 13 years, Welltend Technology's highest Return-on-Tangible-Equity was 13.82%. The lowest was 1.99%. And the median was 9.57%.
TPE:3021's Return-on-Tangible-Equity is ranked worse than 56.63% of 2382
companies
in the Hardware industry
Industry Median: 5.37
vs TPE:3021: 3.64
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.
Welltend Technology Return-on-Tangible-Equity Related Terms
Welltend Technology Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Welltend Technology'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:3021 vs DELL, ANET, SNDK: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, Welltend Technology'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.
Welltend Technology Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Welltend Technology's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Welltend Technology'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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 4.67% mean?
Welltend Technology (TPE:3021) has a Return-on-Tangible-Equity of 4.67% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Welltend Technology and its competitors. This is 51% below median its historical median of 9.57. Over the past decade, Welltend Technology's Return-on-Tangible-Equity has ranged from 1.99 to 13.82. According to the industry distribution chart, Welltend Technology ranks #1349 out of 2382 companies in the Hardware industry, placing it in the top 56.6%.
Is Welltend Technology's Return-on-Tangible-Equity too high?
Welltend Technology's current Return-on-Tangible-Equity of 4.67% is 51% below median its 10-year median of 9.57. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 13.82. The Hardware industry median Return-on-Tangible-Equity is 5.37. Welltend Technology's value of 4.67% is 13% below this industry median. Based on the distribution chart, Welltend Technology ranks #1349 out of 2382 companies in the Hardware industry, which is below the industry midpoint. Overall, Welltend Technology has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Welltend Technology's Return-on-Tangible-Equity compare to DELL and ANET?
According to the Hardware industry distribution chart, Welltend Technology ranks #1349 out of 2382 companies for Return-on-Tangible-Equity. This places Welltend Technology in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.37. Welltend Technology's value of 4.67% is 13% below this benchmark. Historically, Welltend Technology's own Return-on-Tangible-Equity has ranged from 1.99 to 13.82 over the past decade. While the company's 10-year median is 9.57 vs. the industry median of 5.37, Welltend Technology 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.37, based on 2,382 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. Welltend Technology's current Return-on-Tangible-Equity of 4.67% is 13% 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 Welltend Technology and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Welltend Technology's current Return-on-Tangible-Equity is 4.67%, which is 51% below median its own 10-year median of 9.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Welltend Technology stock overvalued right now?
Based on GuruFocus' analysis, Welltend Technology (TPE:3021) is currently considered Fairly Valued. The stock's GF Value™ is NT$21.17, compared to a current price of NT$21.30 — trading 0.6% above its estimated fair value. The current Return-on-Tangible-Equity is 4.67%, which is 51% below median its 10-year median of 9.57 and 13% below the Hardware industry median of 5.37. Welltend Technology's overall GF Score™ is 72/100 with 4 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 Welltend Technology (TPE:3021), the current Return-on-Tangible-Equity is 4.67% as of Mar. 2026. 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 Welltend Technology (TPE:3021) Overvalued in 2026?
Based on GuruFocus' analysis, Welltend Technology stock appears to be overvalued.
The current stock price of NT$21.30 is trading 0.6% above its estimated GF Value™ of NT$21.17.
GuruFocus considers Welltend Technology to be Fairly Valued.
Key valuation signals for TPE:3021:
Return-on-Tangible-Equity: 4.67% (51% below median its 10-year median of 9.57)
GF Value™: NT$21.17 vs. price of NT$21.30 (0.6% above fair value)
Industry Position: 13% below the Hardware median (#1349 of 2382)
No single metric tells the full story. See the TPE:3021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Welltend Technology Corp is engaged in manufacturing and selling electronic components and wire connectors, and providing information system integration and consulting services. Its product portfolio includes connectors, wires, and cable assemblies used in printers, copiers, USB cables, wire harnesses, automotive infotainment systems, and home appliances, among other products. The Group's system integration and consulting services business offers database prevention, database upgrade, server virtualization, BPM flow system, and other IT-related products and services. Its operating segments are: Wire and connectors, which generate maximum revenue, and Information services. Geographically, the Group derives maximum revenue from Taiwan, followed by Mainland China, Philippines, and Thailand.
72GF Score
Get the complete analysis for TPE:3021
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