Mega Union TechnologyTPE:6944 71 Return-on-Tangible-Equity is 40.01% as of Dec. 2025, which is 31% above its 10-year median of 30.44. GuruFocus rates TPE:6944 with a GF Score™ of 71/100 and a GF Value™ of NT$689.19 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,968 Industrial Products companies, Mega Union Technology ranks better than 93.53% 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. Mega Union Technology's annualized net income for the quarter that ended in Dec. 2025 was NT$3,034 Mil. Mega Union Technology's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$7,583 Mil. Therefore, Mega Union Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 40.01%.
The historical rank and industry rank for Mega Union Technology's Return-on-Tangible-Equity or its related term are showing as below:
TPE:6944'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.46 Med: 30.44 Max: 38.6
Current: 38.32
During the past 6 years, Mega Union Technology's highest Return-on-Tangible-Equity was 38.60%. The lowest was -5.46%. And the median was 30.44%.
TPE:6944's Return-on-Tangible-Equity is ranked better than 93.53% of 2968
companies
in the Industrial Products industry
Industry Median: 6.725
vs TPE:6944: 38.32
Mega Union Technology (TPE:6944) 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.
Mega Union Technology Return-on-Tangible-Equity Related Terms
Mega Union Technology Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mega Union Technology'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.
Mega Union Technology Return-on-Tangible-Equity Chart
TPE:6944 vs VLTO, ZWS, CECO: Return-on-Tangible-Equity Comparison
For the Pollution & Treatment Controls subindustry, Mega Union 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.
Mega Union Technology Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mega Union Technology's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mega Union 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 40.01% mean?
Mega Union Technology (TPE:6944) has a Return-on-Tangible-Equity of 40.01% 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 Mega Union Technology and its competitors. This is 31% above median its historical median of 30.44. According to the industry distribution chart, Mega Union Technology ranks #192 out of 2968 companies in the Industrial Products industry, placing it in the top 6.5%.
Is Mega Union Technology's Return-on-Tangible-Equity too high?
Mega Union Technology's current Return-on-Tangible-Equity of 40.01% is 31% above median its 10-year median of 30.44. The Industrial Products industry median Return-on-Tangible-Equity is 6.73. Mega Union Technology's value of 40.01% is 494.9% above this industry median. Based on the distribution chart, Mega Union Technology ranks #192 out of 2968 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Mega Union Technology has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mega Union Technology's Return-on-Tangible-Equity compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Mega Union Technology ranks #192 out of 2968 companies for Return-on-Tangible-Equity. This places Mega Union Technology in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.73. Mega Union Technology's value of 40.01% is 494.9% above this benchmark. While the company's 10-year median is 30.44 vs. the industry median of 6.73, Mega Union 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.73, based on 2,968 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. Mega Union Technology's current Return-on-Tangible-Equity of 40.01% is 494.9% 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 Mega Union Technology and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mega Union Technology's current Return-on-Tangible-Equity is 40.01%, which is 31% above median its own 10-year median of 30.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mega Union Technology stock overvalued right now?
Based on GuruFocus' analysis, Mega Union Technology (TPE:6944) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$689.19, compared to a current price of NT$998.00 — trading 44.8% above its estimated fair value. The current Return-on-Tangible-Equity is 40.01%, which is 31% above median its 10-year median of 30.44 and 494.9% above the Industrial Products industry median of 6.73. Mega Union Technology's overall GF Score™ is 71/100 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 Mega Union Technology (TPE:6944), the current Return-on-Tangible-Equity is 40.01% 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 Mega Union Technology (TPE:6944) Overvalued in 2026?
Based on GuruFocus' analysis, Mega Union Technology stock appears to be overvalued.
The current stock price of NT$998.00 is trading 44.8% above its estimated GF Value™ of NT$689.19.
GuruFocus considers Mega Union Technology to be Significantly Overvalued.
Key valuation signals for TPE:6944:
Return-on-Tangible-Equity: 40.01% (31% above median its 10-year median of 30.44)
GF Value™: NT$689.19 vs. price of NT$998.00 (44.8% above fair value)
Industry Position: 494.9% above the Industrial Products median (#192 of 2968)
No single metric tells the full story. See the TPE:6944 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mega Union Technology Inc is engaged in the planning, design, and installation of ultrapure water and wastewater recycling systems. It focuses on water recovery and recycling, prolonging the cycle life of water, and reducing the depletion of water resources. It offers Seawater desalination/general industrial water/ultrapure water production systems; Wastewater Treatment Systems / Recycled Water Treatment Systems; and Chemical Recycling Manufacturing Systems. The company's operating segments include the Construction segment and Other segments.
71GF Score
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