Nan Ya Printed Circuit BoardTPE:8046 58 Return-on-Tangible-Equity is 10.62% as of Dec. 2025, which is 301% above its 10-year median of 2.65. GuruFocus rates TPE:8046 with a GF Score™ of 58/100 and a GF Value™ of NT$219.27 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,387 Hardware companies, Nan Ya Printed Circuit Board ranks worse than 54% 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. Nan Ya Printed Circuit Board's annualized net income for the quarter that ended in Dec. 2025 was NT$4,807 Mil. Nan Ya Printed Circuit Board's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$45,265 Mil. Therefore, Nan Ya Printed Circuit Board's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 10.62%.
The historical rank and industry rank for Nan Ya Printed Circuit Board's Return-on-Tangible-Equity or its related term are showing as below:
TPE:8046'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.11 Med: 2.65 Max: 41.22
Current: 4.33
During the past 13 years, Nan Ya Printed Circuit Board's highest Return-on-Tangible-Equity was 41.22%. The lowest was -6.11%. And the median was 2.65%.
TPE:8046's Return-on-Tangible-Equity is ranked worse than 54% of 2387
companies
in the Hardware industry
Industry Median: 5.28
vs TPE:8046: 4.33
Nan Ya Printed Circuit Board (TPE:8046) 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.
Nan Ya Printed Circuit Board Return-on-Tangible-Equity Related Terms
Nan Ya Printed Circuit Board 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.
Nan Ya Printed Circuit Board Return-on-Tangible-Equity Chart
TPE:8046 vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Nan Ya Printed Circuit Board'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.
Nan Ya Printed Circuit Board Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Nan Ya Printed Circuit Board's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nan Ya Printed Circuit Board'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 10.62% mean?
Nan Ya Printed Circuit Board (TPE:8046) has a Return-on-Tangible-Equity of 10.62% 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 Nan Ya Printed Circuit Board and its competitors. This is 301% above median its historical median of 2.65. According to the industry distribution chart, Nan Ya Printed Circuit Board ranks #1289 out of 2387 companies in the Hardware industry, placing it in the top 54%.
Is Nan Ya Printed Circuit Board's Return-on-Tangible-Equity too high?
Nan Ya Printed Circuit Board's current Return-on-Tangible-Equity of 10.62% is 301% above median its 10-year median of 2.65. The Hardware industry median Return-on-Tangible-Equity is 5.28. Nan Ya Printed Circuit Board's value of 10.62% is 101.1% above this industry median. Based on the distribution chart, Nan Ya Printed Circuit Board ranks #1289 out of 2387 companies in the Hardware industry, which is below the industry midpoint. Overall, Nan Ya Printed Circuit Board has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nan Ya Printed Circuit Board's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Nan Ya Printed Circuit Board ranks #1289 out of 2387 companies for Return-on-Tangible-Equity. This places Nan Ya Printed Circuit Board in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.28. Nan Ya Printed Circuit Board's value of 10.62% is 101.1% above this benchmark. While the company's 10-year median is 2.65 vs. the industry median of 5.28, Nan Ya Printed Circuit Board 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 2,387 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. Nan Ya Printed Circuit Board's current Return-on-Tangible-Equity of 10.62% is 101.1% 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 Nan Ya Printed Circuit Board 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. Nan Ya Printed Circuit Board's current Return-on-Tangible-Equity is 10.62%, which is 301% above median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nan Ya Printed Circuit Board stock overvalued right now?
Based on GuruFocus' analysis, Nan Ya Printed Circuit Board (TPE:8046) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$219.27, compared to a current price of NT$1,215.00 — trading 454.1% above its estimated fair value. The current Return-on-Tangible-Equity is 10.62%, which is 301% above median its 10-year median of 2.65 and 101.1% above the Hardware industry median of 5.28. Nan Ya Printed Circuit Board's overall GF Score™ is 58/100 with 5 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 Nan Ya Printed Circuit Board (TPE:8046), the current Return-on-Tangible-Equity is 10.62% 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 Nan Ya Printed Circuit Board (TPE:8046) Overvalued in 2026?
Based on GuruFocus' analysis, Nan Ya Printed Circuit Board stock appears to be overvalued.
The current stock price of NT$1,215.00 is trading 454.1% above its estimated GF Value™ of NT$219.27.
GuruFocus considers Nan Ya Printed Circuit Board to be Significantly Overvalued.
Key valuation signals for TPE:8046:
Return-on-Tangible-Equity: 10.62% (301% above median its 10-year median of 2.65)
GF Value™: NT$219.27 vs. price of NT$1,215.00 (454.1% above fair value)
Industry Position: 101.1% above the Hardware median (#1289 of 2387)
No single metric tells the full story. See the TPE:8046 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nan Ya Printed Circuit Board Corp is engaged in the production, manufacturing, and research and development of Printed Circuit Boards (PCBs) and integrated circuit substrates. The company has three operating segments: the Domestic segment, the American segment, and the Asian segment. Its geographical markets are Taiwan, the USA, Mainland China, Korea, and Others. The company generates a majority of its revenue from the Domestic segment.
58GF Score
Get the complete analysis for TPE:8046
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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