CoremaxTPE:4739 62 Return-on-Tangible-Equity is 8.60% as of Dec. 2025, which is 16% above its 10-year median of 7.44. GuruFocus rates TPE:4739 with a GF Score™ of 62/100 and a GF Value™ of NT$79.31 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,569 Chemicals companies, Coremax ranks worse than 62.65% 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. Coremax's annualized net income for the quarter that ended in Dec. 2025 was NT$484 Mil. Coremax's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$5,625 Mil. Therefore, Coremax's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 8.60%.
The historical rank and industry rank for Coremax's Return-on-Tangible-Equity or its related term are showing as below:
TPE:4739'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.93 Med: 7.44 Max: 16.47
Current: 3.32
During the past 13 years, Coremax's highest Return-on-Tangible-Equity was 16.47%. The lowest was -1.93%. And the median was 7.44%.
TPE:4739's Return-on-Tangible-Equity is ranked worse than 62.65% of 1569
companies
in the Chemicals industry
Industry Median: 5.73
vs TPE:4739: 3.32
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.
Coremax Return-on-Tangible-Equity Related Terms
Coremax Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Coremax'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:4739 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Coremax'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.
Coremax Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Coremax's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Coremax'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 8.60% mean?
Coremax (TPE:4739) has a Return-on-Tangible-Equity of 8.60% 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 Coremax and its competitors. This is 16% above median its historical median of 7.44. According to the industry distribution chart, Coremax ranks #983 out of 1569 companies in the Chemicals industry, placing it in the top 62.7%.
Is Coremax's Return-on-Tangible-Equity too high?
Coremax's current Return-on-Tangible-Equity of 8.60% is 16% above median its 10-year median of 7.44. The Chemicals industry median Return-on-Tangible-Equity is 5.73. Coremax's value of 8.60% is 50.1% above this industry median. Based on the distribution chart, Coremax ranks #983 out of 1569 companies in the Chemicals industry, which is below the industry midpoint. Overall, Coremax has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coremax's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Coremax ranks #983 out of 1569 companies for Return-on-Tangible-Equity. This places Coremax in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.73. Coremax's value of 8.60% is 50.1% above this benchmark. While the company's 10-year median is 7.44 vs. the industry median of 5.73, Coremax 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.73, based on 1,569 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. Coremax's current Return-on-Tangible-Equity of 8.60% is 50.1% 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 Coremax and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coremax's current Return-on-Tangible-Equity is 8.60%, which is 16% above median its own 10-year median of 7.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coremax stock overvalued right now?
Based on GuruFocus' analysis, Coremax (TPE:4739) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$79.31, compared to a current price of NT$99.00 — trading 24.8% above its estimated fair value. The current Return-on-Tangible-Equity is 8.60%, which is 16% above median its 10-year median of 7.44 and 50.1% above the Chemicals industry median of 5.73. Coremax's overall GF Score™ is 62/100 with 5 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 Coremax (TPE:4739), the current Return-on-Tangible-Equity is 8.60% 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 Coremax (TPE:4739) Overvalued in 2026?
Based on GuruFocus' analysis, Coremax stock appears to be overvalued.
The current stock price of NT$99.00 is trading 24.8% above its estimated GF Value™ of NT$79.31.
GuruFocus considers Coremax to be Modestly Overvalued.
Key valuation signals for TPE:4739:
Return-on-Tangible-Equity: 8.60% (16% above median its 10-year median of 7.44)
GF Value™: NT$79.31 vs. price of NT$99.00 (24.8% above fair value)
Industry Position: 50.1% above the Chemicals median (#983 of 1569)
No single metric tells the full story. See the TPE:4739 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coremax Corp is engaged in the manufacturing, sales, import, and export of oxidation catalysts, battery materials, chemical fertilizers, and specialty chemicals. The company operates in Oxidation catalyst department; Battery material department; Chemical fertilizers department; and Specialty chemical department. Geographically, the company generates its revenue from Taiwan and the rest from China and other regions.
62GF Score
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