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Elite Advanced LaserTPE:3450 -7.57%76 Return-on-Tangible-Equity is 18.16% as of Dec. 2025, which is 58% above its 10-year median of 11.50. GuruFocus rates TPE:3450 with a GF Score™ of 76/100 and a GF Value™ of NT$248.88 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 985 Semiconductors companies, Elite Advanced Laser ranks better than 76.04% 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. Elite Advanced Laser's annualized net income for the quarter that ended in Dec. 2025 was NT$893 Mil. Elite Advanced Laser's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$4,916 Mil. Therefore, Elite Advanced Laser's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 18.16%.
The historical rank and industry rank for Elite Advanced Laser's Return-on-Tangible-Equity or its related term are showing as below:
TPE:3450'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.98 Med: 11.5 Max: 33.96
Current: 15.41
During the past 13 years, Elite Advanced Laser's highest Return-on-Tangible-Equity was 33.96%. The lowest was -1.98%. And the median was 11.50%.
TPE:3450's Return-on-Tangible-Equity is ranked better than 76.04% of 985
companies
in the Semiconductors industry
Industry Median: 5.24
vs TPE:3450: 15.41
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.
Elite Advanced Laser Return-on-Tangible-Equity Related Terms
Elite Advanced Laser Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Elite Advanced Laser'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:3450 vs AMAT, LRCX, KLAC: Return-on-Tangible-Equity Comparison
For the Semiconductor Equipment & Materials subindustry, Elite Advanced Laser'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.
Elite Advanced Laser Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Elite Advanced Laser's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Elite Advanced Laser'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 18.16% mean?
Elite Advanced Laser (TPE:3450) has a Return-on-Tangible-Equity of 18.16% 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 Elite Advanced Laser and its competitors. This is 58% above median its historical median of 11.50. According to the industry distribution chart, Elite Advanced Laser ranks #236 out of 985 companies in the Semiconductors industry, placing it in the top 24%.
Is Elite Advanced Laser's Return-on-Tangible-Equity too high?
Elite Advanced Laser's current Return-on-Tangible-Equity of 18.16% is 58% above median its 10-year median of 11.50. The Semiconductors industry median Return-on-Tangible-Equity is 5.24. Elite Advanced Laser's value of 18.16% is 246.6% above this industry median. Based on the distribution chart, Elite Advanced Laser ranks #236 out of 985 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Elite Advanced Laser has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elite Advanced Laser's Return-on-Tangible-Equity compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Elite Advanced Laser ranks #236 out of 985 companies for Return-on-Tangible-Equity. This places Elite Advanced Laser in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.24. Elite Advanced Laser's value of 18.16% is 246.6% above this benchmark. While the company's 10-year median is 11.50 vs. the industry median of 5.24, Elite Advanced Laser 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 Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.24, based on 985 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. Elite Advanced Laser's current Return-on-Tangible-Equity of 18.16% is 246.6% 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 Elite Advanced Laser and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elite Advanced Laser's current Return-on-Tangible-Equity is 18.16%, which is 58% above median its own 10-year median of 11.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elite Advanced Laser stock overvalued right now?
Based on GuruFocus' analysis, Elite Advanced Laser (TPE:3450) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$248.88, compared to a current price of NT$476.00 — trading 91.3% above its estimated fair value. The current Return-on-Tangible-Equity is 18.16%, which is 58% above median its 10-year median of 11.50 and 246.6% above the Semiconductors industry median of 5.24. Elite Advanced Laser's overall GF Score™ is 76/100 with 3 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 Elite Advanced Laser (TPE:3450), the current Return-on-Tangible-Equity is 18.16% 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 Elite Advanced Laser (TPE:3450) Overvalued in 2026?
Based on GuruFocus' analysis, Elite Advanced Laser stock appears to be overvalued.
The current stock price of NT$476.00 is trading 91.3% above its estimated GF Value™ of NT$248.88.
GuruFocus considers Elite Advanced Laser to be Significantly Overvalued.
Key valuation signals for TPE:3450:
Return-on-Tangible-Equity: 18.16% (58% above median its 10-year median of 11.50)
GF Value™: NT$248.88 vs. price of NT$476.00 (91.3% above fair value)
Industry Position: 246.6% above the Semiconductors median (#236 of 985)
No single metric tells the full story. See the TPE:3450 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elite Advanced Laser Corp is engaged in optical information and optical communication products. The reportable segments of the company are the Optoelectronics industry, the Semiconductor segment, and the Silicon Photonics segment. The company generates the majority of its revenue from the Semiconductor segment.
76GF Score
Get the complete analysis for TPE:3450
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