Cal-Comp Electronics (Thailand) PCL (TPE:9105) Return-on-Tangible-Equity: 7.81% (As of Mar. 2026) — 63% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:9105 Cal-Comp Electronics (Thailand) PCL TPE:9105
77 GF Score
Price NT$8.77
GF Value NT$5.00
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Cal-Comp Electronics (Thailand) PCL Return-on-Tangible-Equity?

Cal-Comp Electronics (Thailand) PCL TPE:9105 -1.24% 77 Return-on-Tangible-Equity is 7.81% as of Mar. 2026, which is 63% above its 10-year median of 4.78. GuruFocus rates TPE:9105 with a GF Score™ of 77/100 and a GF Value™ of NT$5.00 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,385 Hardware companies, Cal-Comp Electronics (Thailand) PCL ranks better than 58.57% 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. Cal-Comp Electronics (Thailand) PCL's annualized net income for the quarter that ended in Mar. 2026 was NT$1,984 Mil. Cal-Comp Electronics (Thailand) PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was NT$25,411 Mil. Therefore, Cal-Comp Electronics (Thailand) PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.81%.

The historical rank and industry rank for Cal-Comp Electronics (Thailand) PCL's Return-on-Tangible-Equity or its related term are showing as below:

TPE:9105' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.36   Med: 4.78   Max: 10.03
Current: 7.55

During the past 13 years, Cal-Comp Electronics (Thailand) PCL's highest Return-on-Tangible-Equity was 10.03%. The lowest was 1.36%. And the median was 4.78%.

TPE:9105's Return-on-Tangible-Equity is ranked better than
58.57% of 2385 companies
in the Hardware industry
Industry Median: 5.32 vs TPE:9105: 7.55

Cal-Comp Electronics (Thailand) PCL  (TPE:9105) 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.


Cal-Comp Electronics (Thailand) PCL Return-on-Tangible-Equity Related Terms


Cal-Comp Electronics (Thailand) PCL Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Cal-Comp Electronics (Thailand) PCL'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.

Cal-Comp Electronics (Thailand) PCL Return-on-Tangible-Equity Chart

Cal-Comp Electronics (Thailand) PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.59 4.69 5.04 10.36 8.23

Cal-Comp Electronics (Thailand) PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.29 7.09 8.65 7.00 7.81

TPE:9105 vs SNDK, DELL, STX: Return-on-Tangible-Equity Comparison

For the Computer Hardware subindustry, Cal-Comp Electronics (Thailand) PCL'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.


Cal-Comp Electronics (Thailand) PCL Return-on-Tangible-Equity vs Hardware Industry

For the Hardware industry and Technology sector, Cal-Comp Electronics (Thailand) PCL's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Cal-Comp Electronics (Thailand) PCL's Return-on-Tangible-Equity falls into.


TPE:9105
77GF Score
Cal-Comp Electronics (Thailand) PCL TPE:9105
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cal-Comp Electronics (Thailand) PCL Return-on-Tangible-Equity Calculation

Cal-Comp Electronics (Thailand) PCL's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=2029.949/( (24711.656+24607.443 )/ 2 )
=2029.949/24659.5495
=8.23 %

Cal-Comp Electronics (Thailand) PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1984.404/( (24607.443+26214.398)/ 2 )
=1984.404/25410.9205
=7.81 %

* 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 7.81% mean?
Cal-Comp Electronics (Thailand) PCL (TPE:9105) has a Return-on-Tangible-Equity of 7.81% 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 Cal-Comp Electronics (Thailand) PCL and its competitors. This is 63% above median its historical median of 4.78. Over the past decade, Cal-Comp Electronics (Thailand) PCL's Return-on-Tangible-Equity has ranged from 1.36 to 10.03. According to the industry distribution chart, Cal-Comp Electronics (Thailand) PCL ranks #988 out of 2385 companies in the Hardware industry, placing it in the top 41.4%.
Is Cal-Comp Electronics (Thailand) PCL's Return-on-Tangible-Equity too high?
Cal-Comp Electronics (Thailand) PCL's current Return-on-Tangible-Equity of 7.81% is 63% above median its 10-year median of 4.78. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 10.03. The Hardware industry median Return-on-Tangible-Equity is 5.32. Cal-Comp Electronics (Thailand) PCL's value of 7.81% is 46.8% above this industry median. Based on the distribution chart, Cal-Comp Electronics (Thailand) PCL ranks #988 out of 2385 companies in the Hardware industry, which is above the industry midpoint. Overall, Cal-Comp Electronics (Thailand) PCL has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cal-Comp Electronics (Thailand) PCL's Return-on-Tangible-Equity compare to SNDK and DELL?
According to the Hardware industry distribution chart, Cal-Comp Electronics (Thailand) PCL ranks #988 out of 2385 companies for Return-on-Tangible-Equity. This puts Cal-Comp Electronics (Thailand) PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.32. Cal-Comp Electronics (Thailand) PCL's value of 7.81% is 46.8% above this benchmark. Historically, Cal-Comp Electronics (Thailand) PCL's own Return-on-Tangible-Equity has ranged from 1.36 to 10.03 over the past decade. While the company's 10-year median is 4.78 vs. the industry median of 5.32, Cal-Comp Electronics (Thailand) PCL 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 5.32, based on 2,385 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. Cal-Comp Electronics (Thailand) PCL's current Return-on-Tangible-Equity of 7.81% is 46.8% 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 Cal-Comp Electronics (Thailand) PCL and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cal-Comp Electronics (Thailand) PCL's current Return-on-Tangible-Equity is 7.81%, which is 63% above median its own 10-year median of 4.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cal-Comp Electronics (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, Cal-Comp Electronics (Thailand) PCL (TPE:9105) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$5.00, compared to a current price of NT$8.77 — trading 75.4% above its estimated fair value. The current Return-on-Tangible-Equity is 7.81%, which is 63% above median its 10-year median of 4.78 and 46.8% above the Hardware industry median of 5.32. Cal-Comp Electronics (Thailand) PCL's overall GF Score™ is 77/100 with 8 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 Cal-Comp Electronics (Thailand) PCL (TPE:9105), the current Return-on-Tangible-Equity is 7.81% 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.

Is Cal-Comp Electronics (Thailand) PCL (TPE:9105) Overvalued in 2026?

Based on GuruFocus' analysis, Cal-Comp Electronics (Thailand) PCL stock appears to be overvalued. The current stock price of NT$8.77 is trading 75.4% above its estimated GF Value™ of NT$5.00. GuruFocus considers Cal-Comp Electronics (Thailand) PCL to be Significantly Overvalued.

Key valuation signals for TPE:9105:

  • Return-on-Tangible-Equity: 7.81% (63% above median its 10-year median of 4.78)
  • GF Value™: NT$5.00 vs. price of NT$8.77 (75.4% above fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 46.8% above the Hardware median (#988 of 2385)

No single metric tells the full story. See the TPE:9105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cal-Comp Electronics (Thailand) PCL Business Description

Other Exchanges CCET:Thailand
Address Rachadapisek Road, 191/54,191/57, 18th Floor, CTI Tower, Kwang Klongtoey, Khet Klongtoey, Bangkok, THA, 10110
Cal-Comp Electronics (Thailand) PCL is a Thailand-based company engaged in the manufacture of electronic products, such as computers and computer peripherals, telecommunication equipment, and automation equipment. The company has three reporting segments: Computer peripherals offer ink-jet printers, laser printers, multifunction printers, dot-matrix printers, external hard drives, and printed circuit board assemblies; Telecommunications products include set-top boxes and Bluetooth headsets, and the Service income segment. Computer peripherals generate the majority of the company's revenue. The company serves markets in Thailand, Brazil, China, and the Philippines, and the majority of its sales come from its customer base in Thailand.
77GF Score

Get the complete analysis for TPE:9105

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$8.77
Price
NT$5.00
GF Value