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Promate Electronic CoTPE:6189 -1.11%86 Return-on-Tangible-Equity is 15.85% as of Dec. 2025, which is 10% above its 10-year median of 14.38. GuruFocus rates TPE:6189 with a GF Score™ of 86/100 and a GF Value™ of NT$49.56 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,385 Hardware companies, Promate Electronic Co ranks better than 71.28% 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. Promate Electronic Co's annualized net income for the quarter that ended in Dec. 2025 was NT$963 Mil. Promate Electronic Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$6,075 Mil. Therefore, Promate Electronic Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 15.85%.
The historical rank and industry rank for Promate Electronic Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:6189'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.21 Med: 14.38 Max: 23.78
Current: 11.65
During the past 13 years, Promate Electronic Co's highest Return-on-Tangible-Equity was 23.78%. The lowest was 10.21%. And the median was 14.38%.
TPE:6189's Return-on-Tangible-Equity is ranked better than 71.28% of 2385
companies
in the Hardware industry
Industry Median: 5.32
vs TPE:6189: 11.65
Promate Electronic Co (TPE:6189) 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.
Promate Electronic Co Return-on-Tangible-Equity Related Terms
Promate Electronic Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Promate Electronic Co'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.
Promate Electronic Co Return-on-Tangible-Equity Chart
TPE:6189 vs SNX, ARW, AVT: Return-on-Tangible-Equity Comparison
For the Electronics & Computer Distribution subindustry, Promate Electronic Co'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.
Promate Electronic Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Promate Electronic Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Promate Electronic Co'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 15.85% mean?
Promate Electronic Co (TPE:6189) has a Return-on-Tangible-Equity of 15.85% 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 Promate Electronic Co and its competitors. This is 10% above median its historical median of 14.38. Over the past decade, Promate Electronic Co's Return-on-Tangible-Equity has ranged from 10.21 to 23.78. According to the industry distribution chart, Promate Electronic Co ranks #685 out of 2385 companies in the Hardware industry, placing it in the top 28.7%.
Is Promate Electronic Co's Return-on-Tangible-Equity too high?
Promate Electronic Co's current Return-on-Tangible-Equity of 15.85% is 10% above median its 10-year median of 14.38. Over the past 10 years, this metric has ranged from a low of 10.21 to a high of 23.78. The Hardware industry median Return-on-Tangible-Equity is 5.32. Promate Electronic Co's value of 15.85% is 197.9% above this industry median. Based on the distribution chart, Promate Electronic Co ranks #685 out of 2385 companies in the Hardware industry, which is above the industry midpoint. Overall, Promate Electronic Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Promate Electronic Co's Return-on-Tangible-Equity compare to SNX and ARW?
According to the Hardware industry distribution chart, Promate Electronic Co ranks #685 out of 2385 companies for Return-on-Tangible-Equity. This puts Promate Electronic Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.32. Promate Electronic Co's value of 15.85% is 197.9% above this benchmark. Historically, Promate Electronic Co's own Return-on-Tangible-Equity has ranged from 10.21 to 23.78 over the past decade. While the company's 10-year median is 14.38 vs. the industry median of 5.32, Promate Electronic Co 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 5.32, based on 2,385 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. Promate Electronic Co's current Return-on-Tangible-Equity of 15.85% is 197.9% 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 Promate Electronic Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Promate Electronic Co's current Return-on-Tangible-Equity is 15.85%, which is 10% above median its own 10-year median of 14.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Promate Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Promate Electronic Co (TPE:6189) is currently considered Fairly Valued. The stock's GF Value™ is NT$49.56, compared to a current price of NT$49.05 — trading 1% below its estimated fair value. The current Return-on-Tangible-Equity is 15.85%, which is 10% above median its 10-year median of 14.38 and 197.9% above the Hardware industry median of 5.32. Promate Electronic Co's overall GF Score™ is 86/100 with 3 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 Promate Electronic Co (TPE:6189), the current Return-on-Tangible-Equity is 15.85% 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 Promate Electronic Co (TPE:6189) Overvalued in 2026?
Based on GuruFocus' analysis, Promate Electronic Co stock appears to be undervalued.
The current stock price of NT$49.05 is trading 1% below its estimated GF Value™ of NT$49.56.
GuruFocus considers Promate Electronic Co to be Fairly Valued.
Key valuation signals for TPE:6189:
Return-on-Tangible-Equity: 15.85% (10% above median its 10-year median of 14.38)
GF Value™: NT$49.56 vs. price of NT$49.05 (1% below fair value)
Industry Position: 197.9% above the Hardware median (#685 of 2385)
No single metric tells the full story. See the TPE:6189 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Promate Electronic Co Ltd company is mainly engaged in the distribution and sales of electronic/electrical components, sales of computer software and electrical products, and sales of electronic/electrical components. The company has these operating segments; Application specific and LCD Display Products, Linear/ Distributed Components, Image Processing ICs, Application specific ICs, and Others. It has two business divisions; China Region Manufacturing and distribution agents established in Mainland China and Hong Kong; and Non-China Region Manufacturing and distribution agents established outside Mainland China and Hong Kong, out of which it derives a majority of its revenue from the Non-China Region.
86GF Score
Get the complete analysis for TPE:6189
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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