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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 Jun. 2026 was NT$-3 Mil. Sun Max Tech's average shareholder tangible equity for the quarter that ended in Jun. 2026 was NT$2,146 Mil. Therefore, Sun Max Tech's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was -0.14%.
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: 6.28 Med: 11.31 Max: 42.13
Current: 6.28
During the past 13 years, Sun Max Tech's highest Return-on-Tangible-Equity was 42.13%. The lowest was 6.28%. And the median was 11.31%.
TPE:6591's Return-on-Tangible-Equity is ranked better than 58.89% of 2379
companies
in the Hardware industry
Industry Median: 6.12
vs TPE:6591: 6.28
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 DELL, ANET, SNDK: 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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -0.14% mean?
Sun Max Tech (TPE:6591) has a Return-on-Tangible-Equity of -0.14% as of Jun. 2026. 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. Over the past decade, Sun Max Tech's Return-on-Tangible-Equity has ranged from 6.28 to 42.13. According to the industry distribution chart, Sun Max Tech ranks #978 out of 2379 companies in the Hardware industry, placing it in the top 41.1%.
Is Sun Max Tech's Return-on-Tangible-Equity too high?
Sun Max Tech's current Return-on-Tangible-Equity is -0.14%. Over the past 10 years, this metric has ranged from a low of 6.28 to a high of 42.13. Based on the distribution chart, Sun Max Tech ranks #978 out of 2379 companies in the Hardware industry, which is above the industry midpoint. Overall, Sun Max Tech has a GF Score™ of 81/100 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 DELL and ANET?
According to the Hardware industry distribution chart, Sun Max Tech ranks #978 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 6.12. Historically, Sun Max Tech's own Return-on-Tangible-Equity has ranged from 6.28 to 42.13 over the past decade. 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 6.12, 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. 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 6.12 — 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 -0.14%. 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$50.16, compared to a current price of NT$42.95 — trading 14.4% below its estimated fair value. The current Return-on-Tangible-Equity is -0.14%. Sun Max Tech's overall GF Score™ is 81/100 with 6 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 -0.14% as of Jun. 2026. 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$42.95 is trading 14.4% below its estimated GF Value™ of NT$50.16.
GuruFocus considers Sun Max Tech to be Modestly Undervalued.
Key valuation signals for TPE:6591:
Return-on-Tangible-Equity: -0.14%
GF Value™: NT$50.16 vs. price of NT$42.95 (14.4% below fair value)
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.
81GF Score
Get the complete analysis for TPE:6591
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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