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Sinbon Electronics CoTPE:3023 -2.93%87 Return-on-Tangible-Equity is 20.60% as of Mar. 2026, which is 15% below its 10-year median of 24.21. GuruFocus rates TPE:3023 with a GF Score™ of 87/100 and a GF Value™ of NT$277.31 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 2,385 Hardware companies, Sinbon Electronics Co ranks better than 85.28% 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. Sinbon Electronics Co's annualized net income for the quarter that ended in Mar. 2026 was NT$3,460 Mil. Sinbon Electronics Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was NT$16,792 Mil. Therefore, Sinbon Electronics Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 20.60%.
The historical rank and industry rank for Sinbon Electronics Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:3023'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 19.61 Med: 24.21 Max: 25.61
Current: 19.61
During the past 13 years, Sinbon Electronics Co's highest Return-on-Tangible-Equity was 25.61%. The lowest was 19.61%. And the median was 24.21%.
TPE:3023's Return-on-Tangible-Equity is ranked better than 85.28% of 2385
companies
in the Hardware industry
Industry Median: 5.32
vs TPE:3023: 19.61
Sinbon Electronics Co (TPE:3023) 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.
Sinbon Electronics Co Return-on-Tangible-Equity Related Terms
Sinbon Electronics Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Sinbon Electronics Co'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.
Sinbon Electronics Co Return-on-Tangible-Equity Chart
TPE:3023 vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Sinbon Electronics 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.
Sinbon Electronics Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Sinbon Electronics Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sinbon Electronics 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 (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 20.60% mean?
Sinbon Electronics Co (TPE:3023) has a Return-on-Tangible-Equity of 20.60% 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 Sinbon Electronics Co and its competitors. This is 15% below median its historical median of 24.21. Over the past decade, Sinbon Electronics Co's Return-on-Tangible-Equity has ranged from 19.61 to 25.61. According to the industry distribution chart, Sinbon Electronics Co ranks #351 out of 2385 companies in the Hardware industry, placing it in the top 14.7%.
Is Sinbon Electronics Co's Return-on-Tangible-Equity too high?
Sinbon Electronics Co's current Return-on-Tangible-Equity of 20.60% is 15% below median its 10-year median of 24.21. Over the past 10 years, this metric has ranged from a low of 19.61 to a high of 25.61. The Hardware industry median Return-on-Tangible-Equity is 5.32. Sinbon Electronics Co's value of 20.60% is 287.2% above this industry median. Based on the distribution chart, Sinbon Electronics Co ranks #351 out of 2385 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Sinbon Electronics Co has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sinbon Electronics Co's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Sinbon Electronics Co ranks #351 out of 2385 companies for Return-on-Tangible-Equity. This places Sinbon Electronics Co in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.32. Sinbon Electronics Co's value of 20.60% is 287.2% above this benchmark. Historically, Sinbon Electronics Co's own Return-on-Tangible-Equity has ranged from 19.61 to 25.61 over the past decade. While the company's 10-year median is 24.21 vs. the industry median of 5.32, Sinbon Electronics Co 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.32, based on 2,385 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. Sinbon Electronics Co's current Return-on-Tangible-Equity of 20.60% is 287.2% 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 Sinbon Electronics Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sinbon Electronics Co's current Return-on-Tangible-Equity is 20.60%, which is 15% below median its own 10-year median of 24.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinbon Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Sinbon Electronics Co (TPE:3023) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$277.31, compared to a current price of NT$314.50 — trading 13.4% above its estimated fair value. The current Return-on-Tangible-Equity is 20.60%, which is 15% below median its 10-year median of 24.21 and 287.2% above the Hardware industry median of 5.32. Sinbon Electronics Co's overall GF Score™ is 87/100 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 Sinbon Electronics Co (TPE:3023), the current Return-on-Tangible-Equity is 20.60% 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 Sinbon Electronics Co (TPE:3023) Overvalued in 2026?
Based on GuruFocus' analysis, Sinbon Electronics Co stock appears to be overvalued.
The current stock price of NT$314.50 is trading 13.4% above its estimated GF Value™ of NT$277.31.
GuruFocus considers Sinbon Electronics Co to be Modestly Overvalued.
Key valuation signals for TPE:3023:
Return-on-Tangible-Equity: 20.60% (15% below median its 10-year median of 24.21)
GF Value™: NT$277.31 vs. price of NT$314.50 (13.4% above fair value)
Industry Position: 287.2% above the Hardware median (#351 of 2385)
No single metric tells the full story. See the TPE:3023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sinbon Electronics Co Ltd is engaged in the design, development, manufacturing, and sale of cable assemblies, connectors, and related electronic components, along with integration services such as printed circuit boards and system solutions. The company has five reportable segments. The Green Energy segment, which focuses on cable assemblies and control modules for solar and wind power. The Industrial Application segment provides control and connection cable assemblies for industrial equipment. The Medical Health segment manufactures cables for medical devices. The Automotive & Aviation segment offers EV charging and automotive cable solutions. The Communication segment supplies cables for smartphones, wearables, and VR/AR devices.
87GF Score
Get the complete analysis for TPE:3023
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