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Taiwan Secom CoTPE:9917 -0.93%88 Return-on-Tangible-Equity is 24.83% as of Dec. 2025, which is 10% above its 10-year median of 22.59. GuruFocus rates TPE:9917 with a GF Score™ of 88/100 and a GF Value™ of NT$139.87 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,009 Business Services companies, Taiwan Secom Co ranks better than 73.24% 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. Taiwan Secom Co's annualized net income for the quarter that ended in Dec. 2025 was NT$3,174 Mil. Taiwan Secom Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$12,781 Mil. Therefore, Taiwan Secom Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 24.83%.
The historical rank and industry rank for Taiwan Secom Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:9917'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.35 Med: 22.59 Max: 23.88
Current: 23.88
During the past 13 years, Taiwan Secom Co's highest Return-on-Tangible-Equity was 23.88%. The lowest was 6.35%. And the median was 22.59%.
TPE:9917's Return-on-Tangible-Equity is ranked better than 73.24% of 1009
companies
in the Business Services industry
Industry Median: 10.57
vs TPE:9917: 23.88
Taiwan Secom Co (TPE:9917) 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.
Taiwan Secom Co Return-on-Tangible-Equity Related Terms
Taiwan Secom Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Taiwan Secom 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.
TPE:9917 vs ALLE, MSA, ADT: Return-on-Tangible-Equity Comparison
For the Security & Protection Services subindustry, Taiwan Secom 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.
Taiwan Secom Co Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Taiwan Secom Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Taiwan Secom 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 24.83% mean?
Taiwan Secom Co (TPE:9917) has a Return-on-Tangible-Equity of 24.83% 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 Taiwan Secom Co and its competitors. This is 10% above median its historical median of 22.59. Over the past decade, Taiwan Secom Co's Return-on-Tangible-Equity has ranged from 6.35 to 23.88. According to the industry distribution chart, Taiwan Secom Co ranks #270 out of 1009 companies in the Business Services industry, placing it in the top 26.8%.
Is Taiwan Secom Co's Return-on-Tangible-Equity too high?
Taiwan Secom Co's current Return-on-Tangible-Equity of 24.83% is 10% above median its 10-year median of 22.59. Over the past 10 years, this metric has ranged from a low of 6.35 to a high of 23.88. The Business Services industry median Return-on-Tangible-Equity is 10.57. Taiwan Secom Co's value of 24.83% is 134.9% above this industry median. Based on the distribution chart, Taiwan Secom Co ranks #270 out of 1009 companies in the Business Services industry, which is above the industry midpoint. Overall, Taiwan Secom Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Secom Co's Return-on-Tangible-Equity compare to ALLE and MSA?
According to the Business Services industry distribution chart, Taiwan Secom Co ranks #270 out of 1009 companies for Return-on-Tangible-Equity. This puts Taiwan Secom Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.57. Taiwan Secom Co's value of 24.83% is 134.9% above this benchmark. Historically, Taiwan Secom Co's own Return-on-Tangible-Equity has ranged from 6.35 to 23.88 over the past decade. While the company's 10-year median is 22.59 vs. the industry median of 10.57, Taiwan Secom 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.57, based on 1,009 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. Taiwan Secom Co's current Return-on-Tangible-Equity of 24.83% is 134.9% 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 Taiwan Secom Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Secom Co's current Return-on-Tangible-Equity is 24.83%, which is 10% above median its own 10-year median of 22.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Secom Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Secom Co (TPE:9917) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$139.87, compared to a current price of NT$106.50 — trading 23.9% below its estimated fair value. The current Return-on-Tangible-Equity is 24.83%, which is 10% above median its 10-year median of 22.59 and 134.9% above the Business Services industry median of 10.57. Taiwan Secom Co's overall GF Score™ is 88/100 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 Taiwan Secom Co (TPE:9917), the current Return-on-Tangible-Equity is 24.83% 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 Taiwan Secom Co (TPE:9917) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Secom Co stock appears to be undervalued.
The current stock price of NT$106.50 is trading 23.9% below its estimated GF Value™ of NT$139.87.
GuruFocus considers Taiwan Secom Co to be Modestly Undervalued.
Key valuation signals for TPE:9917:
Return-on-Tangible-Equity: 24.83% (10% above median its 10-year median of 22.59)
GF Value™: NT$139.87 vs. price of NT$106.50 (23.9% below fair value)
Industry Position: 134.9% above the Business Services median (#270 of 1009)
No single metric tells the full story. See the TPE:9917 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Secom Co Ltd is engaged mainly in the security service. Its segments consist of Electronic systems segment engages in security system related service; Security services segment engages in security guarding related service; Cash delivery services engages in cash delivery service; Logistics services segment engages in logistic service; and Catering services segment engages in catering services. It derives the majority of revenue from Electronic systems segment.
88GF Score
Get the complete analysis for TPE:9917
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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