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Capital FuturesTPE:6024 -1.07%73 Return-on-Tangible-Equity is 14.49% as of Dec. 2025, which is 1% below its 10-year median of 14.68. GuruFocus rates TPE:6024 with a GF Score™ of 73/100 and a GF Value™ of NT$50.41 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 784 Capital Markets companies, Capital Futures ranks better than 68.62% 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 Futures's annualized net income for the quarter that ended in Dec. 2025 was NT$1,472 Mil. Capital Futures's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$10,161 Mil. Therefore, Capital Futures's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 14.49%.
The historical rank and industry rank for Capital Futures's Return-on-Tangible-Equity or its related term are showing as below:
TPE:6024'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.87 Med: 14.68 Max: 19.13
Current: 13.97
During the past 13 years, Capital Futures's highest Return-on-Tangible-Equity was 19.13%. The lowest was 7.87%. And the median was 14.68%.
TPE:6024's Return-on-Tangible-Equity is ranked better than 68.62% of 784
companies
in the Capital Markets industry
Industry Median: 6.485
vs TPE:6024: 13.97
Capital Futures (TPE:6024) 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 Futures Return-on-Tangible-Equity Related Terms
Capital Futures Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Capital Futures'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:6024 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Capital Futures'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 Futures Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Capital Futures's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Capital Futures'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 14.49% mean?
Capital Futures (TPE:6024) has a Return-on-Tangible-Equity of 14.49% 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 Futures and its competitors. This is near median its historical median of 14.68. Over the past decade, Capital Futures' Return-on-Tangible-Equity has ranged from 7.87 to 19.13. According to the industry distribution chart, Capital Futures ranks #246 out of 784 companies in the Capital Markets industry, placing it in the top 31.4%.
Is Capital Futures' Return-on-Tangible-Equity too high?
Capital Futures' current Return-on-Tangible-Equity of 14.49% is near median its 10-year median of 14.68. Over the past 10 years, this metric has ranged from a low of 7.87 to a high of 19.13. The Capital Markets industry median Return-on-Tangible-Equity is 6.49. Capital Futures' value of 14.49% is 123.4% above this industry median. Based on the distribution chart, Capital Futures ranks #246 out of 784 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Capital Futures has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Futures' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Capital Futures ranks #246 out of 784 companies for Return-on-Tangible-Equity. This puts Capital Futures in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.49. Capital Futures' value of 14.49% is 123.4% above this benchmark. Historically, Capital Futures' own Return-on-Tangible-Equity has ranged from 7.87 to 19.13 over the past decade. While the company's 10-year median is 14.68 vs. the industry median of 6.49, Capital Futures 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 6.49, based on 784 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 Futures's current Return-on-Tangible-Equity of 14.49% is 123.4% 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 Capital Futures and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Futures's current Return-on-Tangible-Equity is 14.49%, which is near median its own 10-year median of 14.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Futures stock overvalued right now?
Based on GuruFocus' analysis, Capital Futures (TPE:6024) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$50.41, compared to a current price of NT$64.50 — trading 28% above its estimated fair value. The current Return-on-Tangible-Equity is 14.49%, which is near median its 10-year median of 14.68 and 123.4% above the Capital Markets industry median of 6.49. Capital Futures' overall GF Score™ is 73/100 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 Futures (TPE:6024), the current Return-on-Tangible-Equity is 14.49% 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 Futures (TPE:6024) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Futures stock appears to be overvalued.
The current stock price of NT$64.50 is trading 28% above its estimated GF Value™ of NT$50.41.
GuruFocus considers Capital Futures to be Modestly Overvalued.
Key valuation signals for TPE:6024:
Return-on-Tangible-Equity: 14.49% (near median its 10-year median of 14.68)
GF Value™: NT$50.41 vs. price of NT$64.50 (28% above fair value)
Industry Position: 123.4% above the Capital Markets median (#246 of 784)
No single metric tells the full story. See the TPE:6024 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Futures Corp is a financial services company. The company offers futures advisory business, futures management business, leverage exchange agency, securities investment consulting, management consulting and information software service, securities business, futures advisory business, fecurities introducing brokerage, proprietary trading, and others. The company operates in a single reporting segment: the Brokerage segment and is mainly involved in the futures brokerage business.
73GF Score
Get the complete analysis for TPE:6024
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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