Sun Max TechTPE:6591 82 Return-on-Tangible-Equity is 5.76% as of Dec. 2025, which is 49% below its 10-year median of 11.31. GuruFocus rates TPE:6591 with a GF Score™ of 82/100 and a GF Value™ of NT$63.30 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,379 Hardware companies, Sun Max Tech ranks better than 67.97% 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. Sun Max Tech's annualized net income for the quarter that ended in Dec. 2025 was NT$126 Mil. Sun Max Tech's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$2,183 Mil. Therefore, Sun Max Tech's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 5.76%.
The historical rank and industry rank for Sun Max Tech's Return-on-Tangible-Equity or its related term are showing as below:
TPE:6591'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.53 Med: 11.31 Max: 42.13
Current: 10.46
During the past 13 years, Sun Max Tech's highest Return-on-Tangible-Equity was 42.13%. The lowest was 6.53%. And the median was 11.31%.
TPE:6591's Return-on-Tangible-Equity is ranked better than 67.97% of 2379
companies
in the Hardware industry
Industry Median: 5.28
vs TPE:6591: 10.46
Sun Max Tech (TPE:6591) 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.
Sun Max Tech Return-on-Tangible-Equity Related Terms
Sun Max Tech Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Sun Max Tech'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:6591 vs SNDK, DELL, STX: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, Sun Max Tech'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.
Sun Max Tech Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Sun Max Tech's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sun Max Tech'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 5.76% mean?
Sun Max Tech (TPE:6591) has a Return-on-Tangible-Equity of 5.76% 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 Sun Max Tech and its competitors. This is 49% below median its historical median of 11.31. Over the past decade, Sun Max Tech's Return-on-Tangible-Equity has ranged from 6.53 to 42.13. According to the industry distribution chart, Sun Max Tech ranks #762 out of 2379 companies in the Hardware industry, placing it in the top 32%.
Is Sun Max Tech's Return-on-Tangible-Equity too high?
Sun Max Tech's current Return-on-Tangible-Equity of 5.76% is 49% below median its 10-year median of 11.31. Over the past 10 years, this metric has ranged from a low of 6.53 to a high of 42.13. The Hardware industry median Return-on-Tangible-Equity is 5.28. Sun Max Tech's value of 5.76% is 9.1% above this industry median. Based on the distribution chart, Sun Max Tech ranks #762 out of 2379 companies in the Hardware industry, which is above the industry midpoint. Overall, Sun Max Tech has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sun Max Tech's Return-on-Tangible-Equity compare to SNDK and DELL?
According to the Hardware industry distribution chart, Sun Max Tech ranks #762 out of 2379 companies for Return-on-Tangible-Equity. This puts Sun Max Tech in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.28. Sun Max Tech's value of 5.76% is 9.1% above this benchmark. Historically, Sun Max Tech's own Return-on-Tangible-Equity has ranged from 6.53 to 42.13 over the past decade. While the company's 10-year median is 11.31 vs. the industry median of 5.28, Sun Max Tech 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 2,379 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. Sun Max Tech's current Return-on-Tangible-Equity of 5.76% is 9.1% 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 Sun Max Tech 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. Sun Max Tech's current Return-on-Tangible-Equity is 5.76%, which is 49% below median its own 10-year median of 11.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun Max Tech stock overvalued right now?
Based on GuruFocus' analysis, Sun Max Tech (TPE:6591) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$63.30, compared to a current price of NT$49.40 — trading 22% below its estimated fair value. The current Return-on-Tangible-Equity is 5.76%, which is 49% below median its 10-year median of 11.31 and 9.1% above the Hardware industry median of 5.28. Sun Max Tech's overall GF Score™ is 82/100 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 Sun Max Tech (TPE:6591), the current Return-on-Tangible-Equity is 5.76% 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 Sun Max Tech (TPE:6591) Overvalued in 2026?
Based on GuruFocus' analysis, Sun Max Tech stock appears to be undervalued.
The current stock price of NT$49.40 is trading 22% below its estimated GF Value™ of NT$63.30.
GuruFocus considers Sun Max Tech to be Modestly Undervalued.
Key valuation signals for TPE:6591:
Return-on-Tangible-Equity: 5.76% (49% below median its 10-year median of 11.31)
GF Value™: NT$63.30 vs. price of NT$49.40 (22% below fair value)
Industry Position: 9.1% above the Hardware median (#762 of 2379)
No single metric tells the full story. See the TPE:6591 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sun Max Tech Ltd is engaged in the research and development, production, and sales of DC brushless cooling fans, liquid cooling pumps, and other computer-related accessories in Taiwan. Its products are mainly used for personal computers (PC), communications networks, and Industrial control. The company generates maximum revenue from a Cooling fan. Geographically, it derives a majority of its revenue from China and also has a presence in Taiwan and other countries.
82GF Score
Get the complete analysis for TPE:6591
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