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Praise Victor Industry CoTPE:7768 +1.75%16 Return-on-Tangible-Equity is 21.56% as of Mar. 2026, which is 104% above its 10-year median of 10.55. GuruFocus rates TPE:7768 with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 1,572 Chemicals companies, Praise Victor Industry Co ranks better than 75.51% 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. Praise Victor Industry Co's annualized net income for the quarter that ended in Mar. 2026 was NT$399 Mil. Praise Victor Industry Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was NT$1,851 Mil. Therefore, Praise Victor Industry Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.56%.
The historical rank and industry rank for Praise Victor Industry Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:7768'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.69 Med: 10.55 Max: 23.16
Current: 12.75
During the past 5 years, Praise Victor Industry Co's highest Return-on-Tangible-Equity was 23.16%. The lowest was 4.69%. And the median was 10.55%.
TPE:7768's Return-on-Tangible-Equity is ranked better than 75.51% of 1572
companies
in the Chemicals industry
Industry Median: 5.925
vs TPE:7768: 12.75
Praise Victor Industry Co (TPE:7768) 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.
Praise Victor Industry Co Return-on-Tangible-Equity Related Terms
Praise Victor Industry Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Praise Victor Industry 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.
Praise Victor Industry Co Return-on-Tangible-Equity Chart
TPE:7768 vs DOW: Return-on-Tangible-Equity Comparison
For the Chemicals subindustry, Praise Victor Industry 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.
Praise Victor Industry Co Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Praise Victor Industry Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Praise Victor Industry 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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 21.56% mean?
Praise Victor Industry Co (TPE:7768) has a Return-on-Tangible-Equity of 21.56% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Praise Victor Industry Co and its competitors. This is 104% above median its historical median of 10.55. Over the past decade, Praise Victor Industry Co's Return-on-Tangible-Equity has ranged from 4.69 to 23.16. According to the industry distribution chart, Praise Victor Industry Co ranks #385 out of 1572 companies in the Chemicals industry, placing it in the top 24.5%.
Is Praise Victor Industry Co's Return-on-Tangible-Equity too high?
Praise Victor Industry Co's current Return-on-Tangible-Equity of 21.56% is 104% above median its 10-year median of 10.55. Over the past 10 years, this metric has ranged from a low of 4.69 to a high of 23.16. The Chemicals industry median Return-on-Tangible-Equity is 5.93. Praise Victor Industry Co's value of 21.56% is 263.9% above this industry median. Based on the distribution chart, Praise Victor Industry Co ranks #385 out of 1572 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Praise Victor Industry Co has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Praise Victor Industry Co's Return-on-Tangible-Equity compare to DOW?
According to the Chemicals industry distribution chart, Praise Victor Industry Co ranks #385 out of 1572 companies for Return-on-Tangible-Equity. This places Praise Victor Industry Co in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.93. Praise Victor Industry Co's value of 21.56% is 263.9% above this benchmark. Historically, Praise Victor Industry Co's own Return-on-Tangible-Equity has ranged from 4.69 to 23.16 over the past decade. While the company's 10-year median is 10.55 vs. the industry median of 5.93, Praise Victor Industry 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.93, based on 1,572 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. Praise Victor Industry Co's current Return-on-Tangible-Equity of 21.56% is 263.9% 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 Praise Victor Industry Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Praise Victor Industry Co's current Return-on-Tangible-Equity is 21.56%, which is 104% above median its own 10-year median of 10.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Praise Victor Industry Co stock overvalued right now?
Praise Victor Industry Co (TPE:7768) has a current Return-on-Tangible-Equity of 21.56%. The current Return-on-Tangible-Equity is 21.56%, which is 104% above median its 10-year median of 10.55 and 263.9% above the Chemicals industry median of 5.93. Praise Victor Industry Co's overall GF Score™ is 16/100 with 3 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 Praise Victor Industry Co (TPE:7768), the current Return-on-Tangible-Equity is 21.56% as of Mar. 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.
Praise Victor Industry Co Ltd is engaged in the trading of chemical raw materials (PU foams) and manufacturing equipment. The group includes PU foam, PU elastomers, and PU adhesives applications. It is not only producing PU products but also help customers with solutions for PU product manufacturing. Its products are: Design and development of semiconductor consumables, Comfort and health products, Environmentally-friendly adhesives, PU casting products, Soft and rigid foam products, and Collaborative development of new products and development.
16GF Score
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