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Taiwan Steel Union CoTPE:6581 -0.46%87 Return-on-Tangible-Equity is 17.50% as of Dec. 2025, which is 0% above its 10-year median of 17.42. GuruFocus rates TPE:6581 with a GF Score™ of 87/100 and a GF Value™ of NT$96.85 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 225 Waste Management companies, Taiwan Steel Union Co ranks better than 67.11% 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. Taiwan Steel Union Co's annualized net income for the quarter that ended in Dec. 2025 was NT$765 Mil. Taiwan Steel Union Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$4,369 Mil. Therefore, Taiwan Steel Union Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 17.50%.
The historical rank and industry rank for Taiwan Steel Union Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:6581'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.36 Med: 17.42 Max: 36.74
Current: 16.15
During the past 13 years, Taiwan Steel Union Co's highest Return-on-Tangible-Equity was 36.74%. The lowest was 11.36%. And the median was 17.42%.
TPE:6581's Return-on-Tangible-Equity is ranked better than 67.11% of 225
companies
in the Waste Management industry
Industry Median: 9.67
vs TPE:6581: 16.15
Taiwan Steel Union Co (TPE:6581) 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.
Taiwan Steel Union Co Return-on-Tangible-Equity Related Terms
Taiwan Steel Union Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Taiwan Steel Union 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.
Taiwan Steel Union Co Return-on-Tangible-Equity Chart
TPE:6581 vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Taiwan Steel Union 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.
Taiwan Steel Union Co Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Taiwan Steel Union Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Taiwan Steel Union 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 17.50% mean?
Taiwan Steel Union Co (TPE:6581) has a Return-on-Tangible-Equity of 17.50% 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 Taiwan Steel Union Co and its competitors. This is near median its historical median of 17.42. Over the past decade, Taiwan Steel Union Co's Return-on-Tangible-Equity has ranged from 11.36 to 36.74. According to the industry distribution chart, Taiwan Steel Union Co ranks #74 out of 225 companies in the Waste Management industry, placing it in the top 32.9%.
Is Taiwan Steel Union Co's Return-on-Tangible-Equity too high?
Taiwan Steel Union Co's current Return-on-Tangible-Equity of 17.50% is near median its 10-year median of 17.42. Over the past 10 years, this metric has ranged from a low of 11.36 to a high of 36.74. The Waste Management industry median Return-on-Tangible-Equity is 9.67. Taiwan Steel Union Co's value of 17.50% is 81% above this industry median. Based on the distribution chart, Taiwan Steel Union Co ranks #74 out of 225 companies in the Waste Management industry, which is above the industry midpoint. Overall, Taiwan Steel Union Co has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Steel Union Co's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Taiwan Steel Union Co ranks #74 out of 225 companies for Return-on-Tangible-Equity. This puts Taiwan Steel Union Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 9.67. Taiwan Steel Union Co's value of 17.50% is 81% above this benchmark. Historically, Taiwan Steel Union Co's own Return-on-Tangible-Equity has ranged from 11.36 to 36.74 over the past decade. While the company's 10-year median is 17.42 vs. the industry median of 9.67, Taiwan Steel Union 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 Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.67, based on 225 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. Taiwan Steel Union Co's current Return-on-Tangible-Equity of 17.50% is 81% 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 Taiwan Steel Union Co and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Steel Union Co's current Return-on-Tangible-Equity is 17.50%, which is near median its own 10-year median of 17.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Steel Union Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Steel Union Co (TPE:6581) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$96.85, compared to a current price of NT$108.00 — trading 11.5% above its estimated fair value. The current Return-on-Tangible-Equity is 17.50%, which is near median its 10-year median of 17.42 and 81% above the Waste Management industry median of 9.67. Taiwan Steel Union Co's overall GF Score™ is 87/100 with 5 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 Taiwan Steel Union Co (TPE:6581), the current Return-on-Tangible-Equity is 17.50% 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 Taiwan Steel Union Co (TPE:6581) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Steel Union Co stock appears to be overvalued.
The current stock price of NT$108.00 is trading 11.5% above its estimated GF Value™ of NT$96.85.
GuruFocus considers Taiwan Steel Union Co to be Modestly Overvalued.
Key valuation signals for TPE:6581:
Return-on-Tangible-Equity: 17.50% (near median its 10-year median of 17.42)
GF Value™: NT$96.85 vs. price of NT$108.00 (11.5% above fair value)
Industry Position: 81% above the Waste Management median (#74 of 225)
No single metric tells the full story. See the TPE:6581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Steel Union Co Ltd is a Taiwan-based waste management company. The company's main business is to dispose and reuse general industrial waste and hazardous industrial waste, as well as manufacture and trade non-ferrous metal (zinc oxide) and non-metallic mineral products.
87GF Score
Get the complete analysis for TPE:6581
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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