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RichWave TechnologyTPE:4968 -2.30%70 Return-on-Tangible-Equity is 17.92% as of Dec. 2025, which is 19% above its 10-year median of 15.01. GuruFocus rates TPE:4968 with a GF Score™ of 70/100 and a GF Value™ of NT$195.77 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 984 Semiconductors companies, RichWave Technology ranks better than 64.13% 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. RichWave Technology's annualized net income for the quarter that ended in Dec. 2025 was NT$476 Mil. RichWave Technology's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$2,656 Mil. Therefore, RichWave Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 17.92%.
The historical rank and industry rank for RichWave Technology's Return-on-Tangible-Equity or its related term are showing as below:
TPE:4968'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.86 Med: 15.01 Max: 49.29
Current: 9.52
During the past 13 years, RichWave Technology's highest Return-on-Tangible-Equity was 49.29%. The lowest was -9.86%. And the median was 15.01%.
TPE:4968's Return-on-Tangible-Equity is ranked better than 64.13% of 984
companies
in the Semiconductors industry
Industry Median: 5.24
vs TPE:4968: 9.52
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.
RichWave Technology Return-on-Tangible-Equity Related Terms
RichWave Technology Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for RichWave 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:4968 vs NVDA, AVGO, MU: Return-on-Tangible-Equity Comparison
For the Semiconductors subindustry, RichWave 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.
RichWave Technology Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, RichWave Technology's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where RichWave 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 (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 17.92% mean?
RichWave Technology (TPE:4968) has a Return-on-Tangible-Equity of 17.92% 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 RichWave Technology and its competitors. This is 19% above median its historical median of 15.01. According to the industry distribution chart, RichWave Technology ranks #353 out of 984 companies in the Semiconductors industry, placing it in the top 35.9%.
Is RichWave Technology's Return-on-Tangible-Equity too high?
RichWave Technology's current Return-on-Tangible-Equity of 17.92% is 19% above median its 10-year median of 15.01. The Semiconductors industry median Return-on-Tangible-Equity is 5.24. RichWave Technology's value of 17.92% is 242% above this industry median. Based on the distribution chart, RichWave Technology ranks #353 out of 984 companies in the Semiconductors industry, which is above the industry midpoint. Overall, RichWave Technology has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does RichWave Technology's Return-on-Tangible-Equity compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, RichWave Technology ranks #353 out of 984 companies for Return-on-Tangible-Equity. This puts RichWave Technology in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.24. RichWave Technology's value of 17.92% is 242% above this benchmark. While the company's 10-year median is 15.01 vs. the industry median of 5.24, RichWave Technology 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 984 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. RichWave Technology's current Return-on-Tangible-Equity of 17.92% is 242% 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 RichWave Technology 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. RichWave Technology's current Return-on-Tangible-Equity is 17.92%, which is 19% above median its own 10-year median of 15.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RichWave Technology stock overvalued right now?
Based on GuruFocus' analysis, RichWave Technology (TPE:4968) is currently considered Possible Value Trap. The stock's GF Value™ is NT$195.77, compared to a current price of NT$106.00 — trading 45.9% below its estimated fair value. The current Return-on-Tangible-Equity is 17.92%, which is 19% above median its 10-year median of 15.01 and 242% above the Semiconductors industry median of 5.24. RichWave Technology's overall GF Score™ is 70/100 with 1 warning sign 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 RichWave Technology (TPE:4968), the current Return-on-Tangible-Equity is 17.92% 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 RichWave Technology (TPE:4968) Overvalued in 2026?
Based on GuruFocus' analysis, RichWave Technology stock appears to be undervalued.
The current stock price of NT$106.00 is trading 45.9% below its estimated GF Value™ of NT$195.77.
GuruFocus considers RichWave Technology to be Possible Value Trap.
Key valuation signals for TPE:4968:
Return-on-Tangible-Equity: 17.92% (19% above median its 10-year median of 15.01)
GF Value™: NT$195.77 vs. price of NT$106.00 (45.9% below fair value)
Industry Position: 242% above the Semiconductors median (#353 of 984)
No single metric tells the full story. See the TPE:4968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RichWave Technology Corp is a fabless IC design company. The company is engaged in the research and development, design, integration, and manufacturing and sales of integrated circuits for wireless communication products. Its product includes a front-end module, power amplifier, switch, and GPS LNA. Its products are used in networking, mobile phones, broadcasting, surveillance, and automotive rearview applications. The company operates majorly in Taiwan, China, Korea, and Others, with the majority of revenue from Taiwan and China.
70GF Score
Get the complete analysis for TPE:4968
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