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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. Merida Industry Co's annualized net income for the quarter that ended in Dec. 2025 was NT$-949 Mil. Merida Industry Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$19,159 Mil. Therefore, Merida Industry Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -4.95%.
The historical rank and industry rank for Merida Industry Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:9914'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.52 Med: 14.61 Max: 27.61
Current: 6.29
During the past 13 years, Merida Industry Co's highest Return-on-Tangible-Equity was 27.61%. The lowest was -3.52%. And the median was 14.61%.
TPE:9914's Return-on-Tangible-Equity is ranked worse than 53.09% of 793
companies
in the Travel & Leisure industry
Industry Median: 7.69
vs TPE:9914: 6.29
Merida Industry Co (TPE:9914) 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.
Merida Industry Co Return-on-Tangible-Equity Related Terms
Merida Industry Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Merida Industry 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.
Merida Industry Co Return-on-Tangible-Equity Chart
TPE:9914 vs AS, HAS, LTH: Return-on-Tangible-Equity Comparison
For the Leisure subindustry, Merida Industry 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.
Merida Industry Co Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Merida Industry Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Merida Industry 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 -4.95% mean?
Merida Industry Co (TPE:9914) has a Return-on-Tangible-Equity of -4.95% 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 Merida Industry Co and its competitors. According to the industry distribution chart, Merida Industry Co ranks #421 out of 793 companies in the Travel & Leisure industry, placing it in the top 53.1%.
Is Merida Industry Co's Return-on-Tangible-Equity too high?
Merida Industry Co's current Return-on-Tangible-Equity is -4.95%. Based on the distribution chart, Merida Industry Co ranks #421 out of 793 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Merida Industry Co has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merida Industry Co's Return-on-Tangible-Equity compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Merida Industry Co ranks #421 out of 793 companies for Return-on-Tangible-Equity. This places Merida Industry Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.69. 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.69, based on 793 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 Merida Industry Co and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merida Industry Co's current Return-on-Tangible-Equity is -4.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merida Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Merida Industry Co (TPE:9914) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$136.20, compared to a current price of NT$76.60 — trading 43.8% below its estimated fair value. The current Return-on-Tangible-Equity is -4.95%. Merida Industry Co's overall GF Score™ is 67/100 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 Merida Industry Co (TPE:9914), the current Return-on-Tangible-Equity is -4.95% 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 Merida Industry Co (TPE:9914) Overvalued in 2026?
Based on GuruFocus' analysis, Merida Industry Co stock appears to be undervalued.
The current stock price of NT$76.60 is trading 43.8% below its estimated GF Value™ of NT$136.20.
GuruFocus considers Merida Industry Co to be Significantly Undervalued.
Key valuation signals for TPE:9914:
Return-on-Tangible-Equity: -4.95%
GF Value™: NT$136.20 vs. price of NT$76.60 (43.8% below fair value)
No single metric tells the full story. See the TPE:9914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merida Industry Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. It distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.
67GF Score
Get the complete analysis for TPE:9914
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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