Choice DevelopmentTPE:9929 73 Return-on-Tangible-Equity is 6.50% as of Dec. 2025. GuruFocus rates TPE:9929 with a GF Score™ of 73/100 and a GF Value™ of NT$14.51 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,010 Business Services companies, Choice Development ranks worse than 79.6% 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. Choice Development's annualized net income for the quarter that ended in Dec. 2025 was NT$50.7 Mil. Choice Development's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$778.9 Mil. Therefore, Choice Development's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 6.50%.
The historical rank and industry rank for Choice Development's Return-on-Tangible-Equity or its related term are showing as below:
TPE:9929'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -27.06 Med: -0.28 Max: 89.67
Current: -0.87
During the past 13 years, Choice Development's highest Return-on-Tangible-Equity was 89.67%. The lowest was -27.06%. And the median was -0.28%.
TPE:9929's Return-on-Tangible-Equity is ranked worse than 79.6% of 1010
companies
in the Business Services industry
Industry Median: 10.57
vs TPE:9929: -0.87
Choice Development (TPE:9929) 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.
Choice Development Return-on-Tangible-Equity Related Terms
Choice Development Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Choice Development'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.
Choice Development Return-on-Tangible-Equity Chart
TPE:9929 vs CTAS, CPRT, ULS: Return-on-Tangible-Equity Comparison
For the Specialty Business Services subindustry, Choice Development'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.
Choice Development Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Choice Development's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Choice Development'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 6.50% mean?
Choice Development (TPE:9929) has a Return-on-Tangible-Equity of 6.50% 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 Choice Development and its competitors. According to the industry distribution chart, Choice Development ranks #804 out of 1010 companies in the Business Services industry, placing it in the top 79.6%.
Is Choice Development's Return-on-Tangible-Equity too high?
Choice Development's current Return-on-Tangible-Equity is 6.50%. The Business Services industry median Return-on-Tangible-Equity is 10.57. Choice Development's value of 6.50% is 38.5% below this industry median. Based on the distribution chart, Choice Development ranks #804 out of 1010 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Choice Development has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Choice Development's Return-on-Tangible-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Choice Development ranks #804 out of 1010 companies for Return-on-Tangible-Equity. This places Choice Development in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.57. Choice Development's value of 6.50% is 38.5% below this benchmark. 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 1,010 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. Choice Development's current Return-on-Tangible-Equity of 6.50% is 38.5% below 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 Choice Development 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. Choice Development's current Return-on-Tangible-Equity is 6.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Choice Development stock overvalued right now?
Based on GuruFocus' analysis, Choice Development (TPE:9929) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$14.51, compared to a current price of NT$10.95 — trading 24.5% below its estimated fair value. The current Return-on-Tangible-Equity is 6.50% and 38.5% below the Business Services industry median of 10.57. Choice Development's overall GF Score™ is 73/100 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 Choice Development (TPE:9929), the current Return-on-Tangible-Equity is 6.50% 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 Choice Development (TPE:9929) Overvalued in 2026?
Based on GuruFocus' analysis, Choice Development stock appears to be undervalued.
The current stock price of NT$10.95 is trading 24.5% below its estimated GF Value™ of NT$14.51.
GuruFocus considers Choice Development to be Modestly Undervalued.
Key valuation signals for TPE:9929:
Return-on-Tangible-Equity: 6.50%
GF Value™: NT$14.51 vs. price of NT$10.95 (24.5% below fair value)
Industry Position: 38.5% below the Business Services median (#804 of 1010)
No single metric tells the full story. See the TPE:9929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Choice Development Inc is engaged in printing, packaging material production, photography, plate making, binding, planning and design, and medical equipment retailing. The company's operating segments are the Printing, Advertising, Innovation, and Development. The majority of its revenue is generated from the Printing department.
73GF Score
Get the complete analysis for TPE:9929
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:9929 has been successfully added to your 
