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.
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.
Feng Tay Enterprises CoTPE:9910 -0.15%77 Return-on-Tangible-Equity is 23.66% as of Dec. 2025, which is 24% below its 10-year median of 31.15. GuruFocus rates TPE:9910 with a GF Score™ of 77/100 and a GF Value™ of NT$134.87 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,014 Manufacturing - Apparel & Accessories companies, Feng Tay Enterprises Co ranks better than 88.26% 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. Feng Tay Enterprises Co's annualized net income for the quarter that ended in Dec. 2025 was NT$5,712 Mil. Feng Tay Enterprises Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$24,141 Mil. Therefore, Feng Tay Enterprises Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 23.66%.
The historical rank and industry rank for Feng Tay Enterprises Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:9910'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 19.47 Med: 31.15 Max: 42.96
Current: 20.48
During the past 13 years, Feng Tay Enterprises Co's highest Return-on-Tangible-Equity was 42.96%. The lowest was 19.47%. And the median was 31.15%.
TPE:9910's Return-on-Tangible-Equity is ranked better than 88.26% of 1014
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs TPE:9910: 20.48
Feng Tay Enterprises Co (TPE:9910) 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.
Feng Tay Enterprises Co Return-on-Tangible-Equity Related Terms
Feng Tay Enterprises Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Feng Tay Enterprises 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.
Feng Tay Enterprises Co Return-on-Tangible-Equity Chart
TPE:9910 vs NKE, DECK, ONON: Return-on-Tangible-Equity Comparison
For the Footwear & Accessories subindustry, Feng Tay Enterprises 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.
Feng Tay Enterprises Co Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Feng Tay Enterprises Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Feng Tay Enterprises 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 23.66% mean?
Feng Tay Enterprises Co (TPE:9910) has a Return-on-Tangible-Equity of 23.66% 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 Feng Tay Enterprises Co and its competitors. This is 24% below median its historical median of 31.15. Over the past decade, Feng Tay Enterprises Co's Return-on-Tangible-Equity has ranged from 19.47 to 42.96. According to the industry distribution chart, Feng Tay Enterprises Co ranks #119 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 11.7%.
Is Feng Tay Enterprises Co's Return-on-Tangible-Equity too high?
Feng Tay Enterprises Co's current Return-on-Tangible-Equity of 23.66% is 24% below median its 10-year median of 31.15. Over the past 10 years, this metric has ranged from a low of 19.47 to a high of 42.96. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Feng Tay Enterprises Co's value of 23.66% is 434.1% above this industry median. Based on the distribution chart, Feng Tay Enterprises Co ranks #119 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Feng Tay Enterprises Co has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Feng Tay Enterprises Co's Return-on-Tangible-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Feng Tay Enterprises Co ranks #119 out of 1014 companies for Return-on-Tangible-Equity. This places Feng Tay Enterprises Co in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.43. Feng Tay Enterprises Co's value of 23.66% is 434.1% above this benchmark. Historically, Feng Tay Enterprises Co's own Return-on-Tangible-Equity has ranged from 19.47 to 42.96 over the past decade. While the company's 10-year median is 31.15 vs. the industry median of 4.43, Feng Tay Enterprises 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,014 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. Feng Tay Enterprises Co's current Return-on-Tangible-Equity of 23.66% is 434.1% 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 Feng Tay Enterprises Co 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. Feng Tay Enterprises Co's current Return-on-Tangible-Equity is 23.66%, which is 24% below median its own 10-year median of 31.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Feng Tay Enterprises Co stock overvalued right now?
Based on GuruFocus' analysis, Feng Tay Enterprises Co (TPE:9910) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$134.87, compared to a current price of NT$66.80 — trading 50.5% below its estimated fair value. The current Return-on-Tangible-Equity is 23.66%, which is 24% below median its 10-year median of 31.15 and 434.1% above the Manufacturing - Apparel & Accessories industry median of 4.43. Feng Tay Enterprises Co's overall GF Score™ is 77/100 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 Feng Tay Enterprises Co (TPE:9910), the current Return-on-Tangible-Equity is 23.66% 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 Feng Tay Enterprises Co (TPE:9910) Overvalued in 2026?
Based on GuruFocus' analysis, Feng Tay Enterprises Co stock appears to be undervalued.
The current stock price of NT$66.80 is trading 50.5% below its estimated GF Value™ of NT$134.87.
GuruFocus considers Feng Tay Enterprises Co to be Significantly Undervalued.
Key valuation signals for TPE:9910:
Return-on-Tangible-Equity: 23.66% (24% below median its 10-year median of 31.15)
GF Value™: NT$134.87 vs. price of NT$66.80 (50.5% below fair value)
Industry Position: 434.1% above the Manufacturing - Apparel & Accessories median (#119 of 1014)
No single metric tells the full story. See the TPE:9910 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Feng Tay Enterprises Co Ltd is a manufacturer specialized in athletic shoes. Other business activities include developing and producing casual shoes, inline skates, ice skates, ski boots, cycling shoes, golf balls, soccer balls, backpack and handbags, ice hockey helmets and sticks, footwear accessories, as well as shoe molds and tools. The company's operating segments includes footwear manufacturing and sales and others segment, the geographical presence of business is in Singapore, America, Vietnam, Switzerland, Mainland China, Mexico, India, Italy and Other countries out of which the company generates majority of its revenue from Singapore.
77GF Score
Get the complete analysis for TPE:9910
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:9910 has been successfully added to your 
