KY Paiho Shih HoldingsTPE:8404 71 Return-on-Tangible-Equity is 5.93% as of Dec. 2025, which is 36% below its 10-year median of 9.33. GuruFocus rates TPE:8404 with a GF Score™ of 71/100 and a GF Value™ of NT$22.47 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,013 Manufacturing - Apparel & Accessories companies, KY Paiho Shih Holdings ranks better than 68.41% 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. KY Paiho Shih Holdings's annualized net income for the quarter that ended in Dec. 2025 was NT$403 Mil. KY Paiho Shih Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$6,810 Mil. Therefore, KY Paiho Shih Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 5.93%.
The historical rank and industry rank for KY Paiho Shih Holdings's Return-on-Tangible-Equity or its related term are showing as below:
TPE:8404'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.4 Med: 9.33 Max: 22.26
Current: 9.14
During the past 13 years, KY Paiho Shih Holdings's highest Return-on-Tangible-Equity was 22.26%. The lowest was -12.40%. And the median was 9.33%.
TPE:8404's Return-on-Tangible-Equity is ranked better than 68.41% of 1013
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs TPE:8404: 9.14
KY Paiho Shih Holdings (TPE:8404) 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.
KY Paiho Shih Holdings Return-on-Tangible-Equity Related Terms
KY Paiho Shih Holdings Return-on-Tangible-Equity Historical Data
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The historical data trend for KY Paiho Shih Holdings'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.
KY Paiho Shih Holdings Return-on-Tangible-Equity Chart
TPE:8404 vs NKE, DECK, ONON: Return-on-Tangible-Equity Comparison
For the Footwear & Accessories subindustry, KY Paiho Shih Holdings'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.
KY Paiho Shih Holdings Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, KY Paiho Shih Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where KY Paiho Shih Holdings'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 5.93% mean?
KY Paiho Shih Holdings (TPE:8404) has a Return-on-Tangible-Equity of 5.93% 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 KY Paiho Shih Holdings and its competitors. This is 36% below median its historical median of 9.33. According to the industry distribution chart, KY Paiho Shih Holdings ranks #320 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 31.6%.
Is KY Paiho Shih Holdings' Return-on-Tangible-Equity too high?
KY Paiho Shih Holdings' current Return-on-Tangible-Equity of 5.93% is 36% below median its 10-year median of 9.33. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. KY Paiho Shih Holdings' value of 5.93% is 33.9% above this industry median. Based on the distribution chart, KY Paiho Shih Holdings ranks #320 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, KY Paiho Shih Holdings has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does KY Paiho Shih Holdings' Return-on-Tangible-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, KY Paiho Shih Holdings ranks #320 out of 1013 companies for Return-on-Tangible-Equity. This puts KY Paiho Shih Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.43. KY Paiho Shih Holdings' value of 5.93% is 33.9% above this benchmark. While the company's 10-year median is 9.33 vs. the industry median of 4.43, KY Paiho Shih Holdings 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,013 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. KY Paiho Shih Holdings's current Return-on-Tangible-Equity of 5.93% is 33.9% 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 KY Paiho Shih Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KY Paiho Shih Holdings's current Return-on-Tangible-Equity is 5.93%, which is 36% below median its own 10-year median of 9.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KY Paiho Shih Holdings stock overvalued right now?
Based on GuruFocus' analysis, KY Paiho Shih Holdings (TPE:8404) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$22.47, compared to a current price of NT$16.80 — trading 25.2% below its estimated fair value. The current Return-on-Tangible-Equity is 5.93%, which is 36% below median its 10-year median of 9.33 and 33.9% above the Manufacturing - Apparel & Accessories industry median of 4.43. KY Paiho Shih Holdings' overall GF Score™ is 71/100 with 6 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 KY Paiho Shih Holdings (TPE:8404), the current Return-on-Tangible-Equity is 5.93% 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 KY Paiho Shih Holdings (TPE:8404) Overvalued in 2026?
Based on GuruFocus' analysis, KY Paiho Shih Holdings stock appears to be undervalued.
The current stock price of NT$16.80 is trading 25.2% below its estimated GF Value™ of NT$22.47.
GuruFocus considers KY Paiho Shih Holdings to be Modestly Undervalued.
Key valuation signals for TPE:8404:
Return-on-Tangible-Equity: 5.93% (36% below median its 10-year median of 9.33)
GF Value™: NT$22.47 vs. price of NT$16.80 (25.2% below fair value)
Industry Position: 33.9% above the Manufacturing - Apparel & Accessories median (#320 of 1013)
No single metric tells the full story. See the TPE:8404 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KY Paiho Shih Holdings Corp is a textile company involved in the research and development, manufacturing, and sales of main and auxiliary materials and accessories products. It manufactures materials for footwear, garment, and medical industries. The company operates in two segments that are Production and Construction. Its products include Jacquard engineered Mesh, webbing (shoelaces), Premises (including parking space), Touch fastener, Elastic, Other, etc. The company operates in China and Vietnam, out of which of its revenue is generated from China.
71GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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