Capital SecuritiesTPE:6005 75 Return-on-Tangible-Equity is 16.44% as of Dec. 2025, which is 48% above its 10-year median of 11.09. GuruFocus rates TPE:6005 with a GF Score™ of 75/100 and a GF Value™ of NT$32.02 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 783 Capital Markets companies, Capital Securities ranks better than 69.73% 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. Capital Securities's annualized net income for the quarter that ended in Dec. 2025 was NT$6,728 Mil. Capital Securities's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$40,934 Mil. Therefore, Capital Securities's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 16.44%.
The historical rank and industry rank for Capital Securities's Return-on-Tangible-Equity or its related term are showing as below:
TPE:6005'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.5 Med: 11.09 Max: 15.58
Current: 14.52
During the past 13 years, Capital Securities's highest Return-on-Tangible-Equity was 15.58%. The lowest was 2.50%. And the median was 11.09%.
TPE:6005's Return-on-Tangible-Equity is ranked better than 69.73% of 783
companies
in the Capital Markets industry
Industry Median: 6.45
vs TPE:6005: 14.52
Capital Securities (TPE:6005) 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.
Capital Securities Return-on-Tangible-Equity Related Terms
Capital Securities Return-on-Tangible-Equity Historical Data
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The historical data trend for Capital Securities'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.
Capital Securities Return-on-Tangible-Equity Chart
TPE:6005 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Capital Securities'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.
Capital Securities Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Capital Securities's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Capital Securities'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 16.44% mean?
Capital Securities (TPE:6005) has a Return-on-Tangible-Equity of 16.44% 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 Capital Securities and its competitors. This is 48% above median its historical median of 11.09. Over the past decade, Capital Securities' Return-on-Tangible-Equity has ranged from 2.50 to 15.58. According to the industry distribution chart, Capital Securities ranks #237 out of 783 companies in the Capital Markets industry, placing it in the top 30.3%.
Is Capital Securities' Return-on-Tangible-Equity too high?
Capital Securities' current Return-on-Tangible-Equity of 16.44% is 48% above median its 10-year median of 11.09. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 15.58. The Capital Markets industry median Return-on-Tangible-Equity is 6.45. Capital Securities' value of 16.44% is 154.9% above this industry median. Based on the distribution chart, Capital Securities ranks #237 out of 783 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Capital Securities has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Securities' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Capital Securities ranks #237 out of 783 companies for Return-on-Tangible-Equity. This puts Capital Securities in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.45. Capital Securities' value of 16.44% is 154.9% above this benchmark. Historically, Capital Securities' own Return-on-Tangible-Equity has ranged from 2.50 to 15.58 over the past decade. While the company's 10-year median is 11.09 vs. the industry median of 6.45, Capital Securities 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.45, based on 783 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. Capital Securities's current Return-on-Tangible-Equity of 16.44% is 154.9% 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 Capital Securities and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Securities's current Return-on-Tangible-Equity is 16.44%, which is 48% above median its own 10-year median of 11.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Securities stock overvalued right now?
Based on GuruFocus' analysis, Capital Securities (TPE:6005) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$32.02, compared to a current price of NT$36.40 — trading 13.7% above its estimated fair value. The current Return-on-Tangible-Equity is 16.44%, which is 48% above median its 10-year median of 11.09 and 154.9% above the Capital Markets industry median of 6.45. Capital Securities' overall GF Score™ is 75/100 with 8 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 Capital Securities (TPE:6005), the current Return-on-Tangible-Equity is 16.44% 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 Capital Securities (TPE:6005) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Securities stock appears to be overvalued.
The current stock price of NT$36.40 is trading 13.7% above its estimated GF Value™ of NT$32.02.
GuruFocus considers Capital Securities to be Modestly Overvalued.
Key valuation signals for TPE:6005:
Return-on-Tangible-Equity: 16.44% (48% above median its 10-year median of 11.09)
GF Value™: NT$32.02 vs. price of NT$36.40 (13.7% above fair value)
Industry Position: 154.9% above the Capital Markets median (#237 of 783)
No single metric tells the full story. See the TPE:6005 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Securities Corp is a Taiwan-based securities company engaged in brokerage, underwriting, proprietary trading, and derivatives businesses. It operates in segments such as the Brokerage segment, which is engaged in brokerage trading, margin trading, and securities lending business. Corporate financing segment: Engaged in providing advisory on initial public offering or to register on the emerging or listed market, securities underwriting and sales, corporate finance, mergers and acquisitions. Dealing segment: Engaged in trading securities and related listed stock instruments on a proprietary basis. Derivative instrument segment: Engaged in the investment, consultancy, and issuance of derivative instruments. Futures: Engaged in the business of domestic futures brokerage services.
75GF Score
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