Nien Made Enterprise CoTPE:8464 94 Return-on-Tangible-Equity is 27.63% as of Dec. 2025, which is 12% below its 10-year median of 31.34. GuruFocus rates TPE:8464 with a GF Score™ of 94/100 and a GF Value™ of NT$406.14 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 421 Furnishings, Fixtures & Appliances companies, Nien Made Enterprise Co ranks better than 89.31% 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. Nien Made Enterprise Co's annualized net income for the quarter that ended in Dec. 2025 was NT$7,855 Mil. Nien Made Enterprise Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$28,426 Mil. Therefore, Nien Made Enterprise Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 27.63%.
The historical rank and industry rank for Nien Made Enterprise Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:8464'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 23.05 Med: 31.34 Max: 34.35
Current: 24.53
During the past 13 years, Nien Made Enterprise Co's highest Return-on-Tangible-Equity was 34.35%. The lowest was 23.05%. And the median was 31.34%.
TPE:8464's Return-on-Tangible-Equity is ranked better than 89.31% of 421
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.08
vs TPE:8464: 24.53
Nien Made Enterprise Co (TPE:8464) 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.
Nien Made Enterprise Co Return-on-Tangible-Equity Related Terms
Nien Made Enterprise Co Return-on-Tangible-Equity Historical Data
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The historical data trend for Nien Made Enterprise 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.
Nien Made Enterprise Co Return-on-Tangible-Equity Chart
TPE:8464 vs SN, SGI, MHK: Return-on-Tangible-Equity Comparison
For the Furnishings, Fixtures & Appliances subindustry, Nien Made Enterprise 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.
Nien Made Enterprise Co Return-on-Tangible-Equity vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nien Made Enterprise Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nien Made Enterprise 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 (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 27.63% mean?
Nien Made Enterprise Co (TPE:8464) has a Return-on-Tangible-Equity of 27.63% 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 Nien Made Enterprise Co and its competitors. This is 12% below median its historical median of 31.34. Over the past decade, Nien Made Enterprise Co's Return-on-Tangible-Equity has ranged from 23.05 to 34.35. According to the industry distribution chart, Nien Made Enterprise Co ranks #45 out of 421 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 10.7%.
Is Nien Made Enterprise Co's Return-on-Tangible-Equity too high?
Nien Made Enterprise Co's current Return-on-Tangible-Equity of 27.63% is 12% below median its 10-year median of 31.34. Over the past 10 years, this metric has ranged from a low of 23.05 to a high of 34.35. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Equity is 5.08. Nien Made Enterprise Co's value of 27.63% is 443.9% above this industry median. Based on the distribution chart, Nien Made Enterprise Co ranks #45 out of 421 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Nien Made Enterprise Co has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nien Made Enterprise Co's Return-on-Tangible-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Nien Made Enterprise Co ranks #45 out of 421 companies for Return-on-Tangible-Equity. This places Nien Made Enterprise Co in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.08. Nien Made Enterprise Co's value of 27.63% is 443.9% above this benchmark. Historically, Nien Made Enterprise Co's own Return-on-Tangible-Equity has ranged from 23.05 to 34.35 over the past decade. While the company's 10-year median is 31.34 vs. the industry median of 5.08, Nien Made Enterprise 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 Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Equity among Furnishings, Fixtures & Appliances companies is 5.08, based on 421 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. Nien Made Enterprise Co's current Return-on-Tangible-Equity of 27.63% is 443.9% 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 Nien Made Enterprise Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Equity is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nien Made Enterprise Co's current Return-on-Tangible-Equity is 27.63%, which is 12% below median its own 10-year median of 31.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nien Made Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Nien Made Enterprise Co (TPE:8464) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$406.14, compared to a current price of NT$360.00 — trading 11.4% below its estimated fair value. The current Return-on-Tangible-Equity is 27.63%, which is 12% below median its 10-year median of 31.34 and 443.9% above the Furnishings, Fixtures & Appliances industry median of 5.08. Nien Made Enterprise Co's overall GF Score™ is 94/100 with 1 warning sign 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 Nien Made Enterprise Co (TPE:8464), the current Return-on-Tangible-Equity is 27.63% 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 Nien Made Enterprise Co (TPE:8464) Overvalued in 2026?
Based on GuruFocus' analysis, Nien Made Enterprise Co stock appears to be undervalued.
The current stock price of NT$360.00 is trading 11.4% below its estimated GF Value™ of NT$406.14.
GuruFocus considers Nien Made Enterprise Co to be Modestly Undervalued.
Key valuation signals for TPE:8464:
Return-on-Tangible-Equity: 27.63% (12% below median its 10-year median of 31.34)
GF Value™: NT$406.14 vs. price of NT$360.00 (11.4% below fair value)
Industry Position: 443.9% above the Furnishings, Fixtures & Appliances median (#45 of 421)
No single metric tells the full story. See the TPE:8464 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nien Made Enterprise Co Ltd is a Taiwan-based company principally engaged in the business of home furnishings. The company manufactures and distributes curtains and window blinds. The product range consists of interior and exterior shutters, faux wood blinds, vinyl blinds, wood blinds, roll-up shades, and cellular shades. The company operates in two reportable segments that are Window coverings and other, out of which the majority of revenue is generated by sales of Window coverings. Geographically, the company generates a majority of its revenue from America and the rest from Europe and other regions.
94GF Score
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