Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Chung Tai Resource TechnologyTPE:6923 +4.38%70 Return-on-Tangible-Equity is 13.65% as of Dec. 2025, which is 31% above its 10-year median of 10.42. GuruFocus rates TPE:6923 with a GF Score™ of 70/100 and a GF Value™ of NT$89.62 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 225 Waste Management companies, Chung Tai Resource Technology ranks better than 53.33% 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. Chung Tai Resource Technology's annualized net income for the quarter that ended in Dec. 2025 was NT$349 Mil. Chung Tai Resource Technology's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$2,558 Mil. Therefore, Chung Tai Resource Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 13.65%.
The historical rank and industry rank for Chung Tai Resource Technology's Return-on-Tangible-Equity or its related term are showing as below:
TPE:6923'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.89 Med: 10.42 Max: 18.05
Current: 10.6
During the past 7 years, Chung Tai Resource Technology's highest Return-on-Tangible-Equity was 18.05%. The lowest was 7.89%. And the median was 10.42%.
TPE:6923's Return-on-Tangible-Equity is ranked better than 53.33% of 225
companies
in the Waste Management industry
Industry Median: 9.67
vs TPE:6923: 10.60
Chung Tai Resource Technology (TPE:6923) 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.
Chung Tai Resource Technology Return-on-Tangible-Equity Related Terms
Chung Tai Resource Technology Return-on-Tangible-Equity Historical Data
* 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.
Chung Tai Resource Technology Return-on-Tangible-Equity Chart
TPE:6923 vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Chung Tai Resource Technology'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.
Chung Tai Resource Technology Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Chung Tai Resource Technology's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Chung Tai Resource Technology'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 13.65% mean?
Chung Tai Resource Technology (TPE:6923) has a Return-on-Tangible-Equity of 13.65% 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 Chung Tai Resource Technology and its competitors. This is 31% above median its historical median of 10.42. Over the past decade, Chung Tai Resource Technology's Return-on-Tangible-Equity has ranged from 7.89 to 18.05. According to the industry distribution chart, Chung Tai Resource Technology ranks #105 out of 225 companies in the Waste Management industry, placing it in the top 46.7%.
Is Chung Tai Resource Technology's Return-on-Tangible-Equity too high?
Chung Tai Resource Technology's current Return-on-Tangible-Equity of 13.65% is 31% above median its 10-year median of 10.42. Over the past 10 years, this metric has ranged from a low of 7.89 to a high of 18.05. The Waste Management industry median Return-on-Tangible-Equity is 9.67. Chung Tai Resource Technology's value of 13.65% is 41.2% above this industry median. Based on the distribution chart, Chung Tai Resource Technology ranks #105 out of 225 companies in the Waste Management industry, which is above the industry midpoint. Overall, Chung Tai Resource Technology has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chung Tai Resource Technology's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Chung Tai Resource Technology ranks #105 out of 225 companies for Return-on-Tangible-Equity. This puts Chung Tai Resource Technology in the upper half of its industry. The industry median Return-on-Tangible-Equity is 9.67. Chung Tai Resource Technology's value of 13.65% is 41.2% above this benchmark. Historically, Chung Tai Resource Technology's own Return-on-Tangible-Equity has ranged from 7.89 to 18.05 over the past decade. While the company's 10-year median is 10.42 vs. the industry median of 9.67, Chung Tai Resource Technology 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. Chung Tai Resource Technology's current Return-on-Tangible-Equity of 13.65% is 41.2% 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 Chung Tai Resource Technology 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. Chung Tai Resource Technology's current Return-on-Tangible-Equity is 13.65%, which is 31% above median its own 10-year median of 10.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chung Tai Resource Technology stock overvalued right now?
Based on GuruFocus' analysis, Chung Tai Resource Technology (TPE:6923) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$89.62, compared to a current price of NT$78.70 — trading 12.2% below its estimated fair value. The current Return-on-Tangible-Equity is 13.65%, which is 31% above median its 10-year median of 10.42 and 41.2% above the Waste Management industry median of 9.67. Chung Tai Resource Technology's overall GF Score™ is 70/100 with 4 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 Chung Tai Resource Technology (TPE:6923), the current Return-on-Tangible-Equity is 13.65% 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 Chung Tai Resource Technology (TPE:6923) Overvalued in 2026?
Based on GuruFocus' analysis, Chung Tai Resource Technology stock appears to be undervalued.
The current stock price of NT$78.70 is trading 12.2% below its estimated GF Value™ of NT$89.62.
GuruFocus considers Chung Tai Resource Technology to be Modestly Undervalued.
Key valuation signals for TPE:6923:
Return-on-Tangible-Equity: 13.65% (31% above median its 10-year median of 10.42)
GF Value™: NT$89.62 vs. price of NT$78.70 (12.2% below fair value)
Industry Position: 41.2% above the Waste Management median (#105 of 225)
No single metric tells the full story. See the TPE:6923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chung Tai Resource Technology Business Description
Chung Tai Resource Technology Corp is mainly engaged in waste disposal and treatment, recycling of waste lighting sources, and recycling of waste printed circuit boards. The company operates in two segments: Waste Disposal Treatments and Circular Economy, and Environmental Construction Services. A majority of its revenue is generated from the Waste Disposal Treatments and Circular Economy segment, which engages in waste disposal and treatment services, recycling of waste lighting sources, recycling of waste printed circuit boards, and electricity generation by waste heat. The Environmental Construction Services segment engages in soil and groundwater pollution remediation services. Geographically, it derives maximum revenue from Taiwan and the rest from Japan.
70GF Score
Get the complete analysis for TPE:6923
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:6923 has been successfully added to your 
