PCL TechnologiesTPE:4977 77 Return-on-Tangible-Equity is 7.73% as of Dec. 2025, which is 45% below its 10-year median of 13.96. GuruFocus rates TPE:4977 with a GF Score™ of 77/100 and a GF Value™ of NT$99.39 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,387 Hardware companies, PCL Technologies ranks better than 64.43% 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. PCL Technologies's annualized net income for the quarter that ended in Dec. 2025 was NT$298 Mil. PCL Technologies's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$3,858 Mil. Therefore, PCL Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 7.73%.
The historical rank and industry rank for PCL Technologies's Return-on-Tangible-Equity or its related term are showing as below:
TPE:4977'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.78 Med: 13.96 Max: 22.92
Current: 9.38
During the past 13 years, PCL Technologies's highest Return-on-Tangible-Equity was 22.92%. The lowest was 6.78%. And the median was 13.96%.
TPE:4977's Return-on-Tangible-Equity is ranked better than 64.43% of 2387
companies
in the Hardware industry
Industry Median: 5.28
vs TPE:4977: 9.38
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.
PCL Technologies Return-on-Tangible-Equity Related Terms
PCL Technologies Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PCL Technologies'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:4977 vs SNDK, DELL, STX: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, PCL Technologies'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.
PCL Technologies Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, PCL Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PCL Technologies'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 7.73% mean?
PCL Technologies (TPE:4977) has a Return-on-Tangible-Equity of 7.73% 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 PCL Technologies and its competitors. This is 45% below median its historical median of 13.96. Over the past decade, PCL Technologies' Return-on-Tangible-Equity has ranged from 6.78 to 22.92. According to the industry distribution chart, PCL Technologies ranks #849 out of 2387 companies in the Hardware industry, placing it in the top 35.6%.
Is PCL Technologies' Return-on-Tangible-Equity too high?
PCL Technologies' current Return-on-Tangible-Equity of 7.73% is 45% below median its 10-year median of 13.96. Over the past 10 years, this metric has ranged from a low of 6.78 to a high of 22.92. The Hardware industry median Return-on-Tangible-Equity is 5.28. PCL Technologies' value of 7.73% is 46.4% above this industry median. Based on the distribution chart, PCL Technologies ranks #849 out of 2387 companies in the Hardware industry, which is above the industry midpoint. Overall, PCL Technologies has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PCL Technologies' Return-on-Tangible-Equity compare to SNDK and DELL?
According to the Hardware industry distribution chart, PCL Technologies ranks #849 out of 2387 companies for Return-on-Tangible-Equity. This puts PCL Technologies in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.28. PCL Technologies' value of 7.73% is 46.4% above this benchmark. Historically, PCL Technologies' own Return-on-Tangible-Equity has ranged from 6.78 to 22.92 over the past decade. While the company's 10-year median is 13.96 vs. the industry median of 5.28, PCL Technologies 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 5.28, based on 2,387 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. PCL Technologies's current Return-on-Tangible-Equity of 7.73% is 46.4% 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 PCL Technologies and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PCL Technologies's current Return-on-Tangible-Equity is 7.73%, which is 45% below median its own 10-year median of 13.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PCL Technologies stock overvalued right now?
Based on GuruFocus' analysis, PCL Technologies (TPE:4977) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$99.39, compared to a current price of NT$152.50 — trading 53.4% above its estimated fair value. The current Return-on-Tangible-Equity is 7.73%, which is 45% below median its 10-year median of 13.96 and 46.4% above the Hardware industry median of 5.28. PCL Technologies' overall GF Score™ is 77/100 with 7 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 PCL Technologies (TPE:4977), the current Return-on-Tangible-Equity is 7.73% 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 PCL Technologies (TPE:4977) Overvalued in 2026?
Based on GuruFocus' analysis, PCL Technologies stock appears to be overvalued.
The current stock price of NT$152.50 is trading 53.4% above its estimated GF Value™ of NT$99.39.
GuruFocus considers PCL Technologies to be Significantly Overvalued.
Key valuation signals for TPE:4977:
Return-on-Tangible-Equity: 7.73% (45% below median its 10-year median of 13.96)
GF Value™: NT$99.39 vs. price of NT$152.50 (53.4% above fair value)
Industry Position: 46.4% above the Hardware median (#849 of 2387)
No single metric tells the full story. See the TPE:4977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PCL Technologies Inc is engaged in the manufacture, research, and sale of optical components, electro-mechanical components, and modules serving data communications, telecom, cloud computing, and networking markets. The products are sold in Taiwan and internationally. It generates revenue from Singapore. The Group mainly operates in research, development, manufacture, and sale of optical transceiver products and other optical components. The Group operates in three principal geographical areas: Mainland China, Taiwan, and Malaysia.
77GF Score
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