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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. Chang Wah Electronmaterials's annualized net income for the quarter that ended in Dec. 2025 was NT$-1,335 Mil. Chang Wah Electronmaterials's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$17,220 Mil. Therefore, Chang Wah Electronmaterials's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -7.75%.
The historical rank and industry rank for Chang Wah Electronmaterials's Return-on-Tangible-Equity or its related term are showing as below:
TPE:8070'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.23 Med: 17.18 Max: 22.68
Current: 4.47
During the past 13 years, Chang Wah Electronmaterials's highest Return-on-Tangible-Equity was 22.68%. The lowest was 4.23%. And the median was 17.18%.
TPE:8070's Return-on-Tangible-Equity is ranked worse than 53.33% of 2387
companies
in the Hardware industry
Industry Median: 5.28
vs TPE:8070: 4.47
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.
Chang Wah Electronmaterials Return-on-Tangible-Equity Related Terms
Chang Wah Electronmaterials 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.
TPE:8070 vs SNX, ARW, AVT: Return-on-Tangible-Equity Comparison
For the Electronics & Computer Distribution subindustry, Chang Wah Electronmaterials'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.
Chang Wah Electronmaterials Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Chang Wah Electronmaterials's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Chang Wah Electronmaterials'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 -7.75% mean?
Chang Wah Electronmaterials (TPE:8070) has a Return-on-Tangible-Equity of -7.75% 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 Chang Wah Electronmaterials and its competitors. Over the past decade, Chang Wah Electronmaterials' Return-on-Tangible-Equity has ranged from 4.23 to 22.68. According to the industry distribution chart, Chang Wah Electronmaterials ranks #1273 out of 2387 companies in the Hardware industry, placing it in the top 53.3%.
Is Chang Wah Electronmaterials' Return-on-Tangible-Equity too high?
Chang Wah Electronmaterials' current Return-on-Tangible-Equity is -7.75%. Over the past 10 years, this metric has ranged from a low of 4.23 to a high of 22.68. Based on the distribution chart, Chang Wah Electronmaterials ranks #1273 out of 2387 companies in the Hardware industry, which is below the industry midpoint. Overall, Chang Wah Electronmaterials has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chang Wah Electronmaterials' Return-on-Tangible-Equity compare to SNX and ARW?
According to the Hardware industry distribution chart, Chang Wah Electronmaterials ranks #1273 out of 2387 companies for Return-on-Tangible-Equity. This places Chang Wah Electronmaterials in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.28. Historically, Chang Wah Electronmaterials' own Return-on-Tangible-Equity has ranged from 4.23 to 22.68 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 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. 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 Chang Wah Electronmaterials 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. Chang Wah Electronmaterials's current Return-on-Tangible-Equity is -7.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chang Wah Electronmaterials stock overvalued right now?
Based on GuruFocus' analysis, Chang Wah Electronmaterials (TPE:8070) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$43.73, compared to a current price of NT$52.40 — trading 19.8% above its estimated fair value. The current Return-on-Tangible-Equity is -7.75%. Chang Wah Electronmaterials' overall GF Score™ is 79/100 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 Chang Wah Electronmaterials (TPE:8070), the current Return-on-Tangible-Equity is -7.75% 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 Chang Wah Electronmaterials (TPE:8070) Overvalued in 2026?
Based on GuruFocus' analysis, Chang Wah Electronmaterials stock appears to be overvalued.
The current stock price of NT$52.40 is trading 19.8% above its estimated GF Value™ of NT$43.73.
GuruFocus considers Chang Wah Electronmaterials to be Modestly Overvalued.
Key valuation signals for TPE:8070:
Return-on-Tangible-Equity: -7.75%
GF Value™: NT$43.73 vs. price of NT$52.40 (19.8% above fair value)
No single metric tells the full story. See the TPE:8070 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chang Wah Electronmaterials Inc trades electrical, telecommunication, and semiconductor materials and parts, and engages in import and export trading, leasing, manufacturing, and selling of electrical appliances, telecommunication equipment, and mechanical parts, retailing of synthetic resin, electronic materials, and components. The company operates in two geographical areas - Taiwan and Asia. The company's reportable segments include IC Leadframe, Substrate, EME, and Others. The majority of its revenue is generated from the EME segment.
79GF Score
Get the complete analysis for TPE:8070
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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