Taiwan FundTWN -3.28%30 Return-on-Tangible-Equity is 74.54% as of Feb. 2026, which is 270% above its 10-year median of 20.12. GuruFocus rates TWN with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 1,588 Asset Management companies, Taiwan Fund ranks better than 95.4% 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 Fund's annualized net income for the quarter that ended in Feb. 2026 was $304.3 Mil. Taiwan Fund's average shareholder tangible equity for the quarter that ended in Feb. 2026 was $408.2 Mil. Therefore, Taiwan Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 74.54%.
The historical rank and industry rank for Taiwan Fund's Return-on-Tangible-Equity or its related term are showing as below:
TWN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -27.34 Med: 20.12 Max: 62.84
Current: 62.84
During the past 9 years, Taiwan Fund's highest Return-on-Tangible-Equity was 62.84%. The lowest was -27.34%. And the median was 20.12%.
TWN's Return-on-Tangible-Equity is ranked better than 95.4% of 1588
companies
in the Asset Management industry
Industry Median: 7.165
vs TWN: 62.84
Taiwan Fund (NYSE:TWN) 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 Fund Return-on-Tangible-Equity Related Terms
Taiwan Fund Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Taiwan Fund'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.
TWN vs IQI, DPG, THW: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Taiwan Fund'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 Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Taiwan Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Taiwan Fund'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 two times the semi-annual (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 74.54% mean?
Taiwan Fund (TWN) has a Return-on-Tangible-Equity of 74.54% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Taiwan Fund and its competitors. This is 270% above median its historical median of 20.12. According to the industry distribution chart, Taiwan Fund ranks #73 out of 1588 companies in the Asset Management industry, placing it in the top 4.6%.
Is Taiwan Fund's Return-on-Tangible-Equity too high?
Taiwan Fund's current Return-on-Tangible-Equity of 74.54% is 270% above median its 10-year median of 20.12. The Asset Management industry median Return-on-Tangible-Equity is 7.17. Taiwan Fund's value of 74.54% is 940.3% above this industry median. Based on the distribution chart, Taiwan Fund ranks #73 out of 1588 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Taiwan Fund has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Taiwan Fund's Return-on-Tangible-Equity compare to IQI and DPG?
According to the Asset Management industry distribution chart, Taiwan Fund ranks #73 out of 1588 companies for Return-on-Tangible-Equity. This places Taiwan Fund in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.17. Taiwan Fund's value of 74.54% is 940.3% above this benchmark. While the company's 10-year median is 20.12 vs. the industry median of 7.17, Taiwan Fund 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.17, based on 1,588 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 Fund's current Return-on-Tangible-Equity of 74.54% is 940.3% 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 Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Fund's current Return-on-Tangible-Equity is 74.54%, which is 270% above median its own 10-year median of 20.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Fund stock overvalued right now?
Taiwan Fund (TWN) has a current Return-on-Tangible-Equity of 74.54%. The current Return-on-Tangible-Equity is 74.54%, which is 270% above median its 10-year median of 20.12 and 940.3% above the Asset Management industry median of 7.17. Taiwan Fund's overall GF Score™ is 30/100 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 Taiwan Fund (TWN), the current Return-on-Tangible-Equity is 74.54% as of Feb. 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.
Taiwan Fund Inc is a diversified closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investment predominantly in equity securities listed in Taiwan stock exchange and the Republic of China. In selecting the companies for investments fund's portfolio managers will consider overall growth prospects, competitive position in the respective industry technology, research, and development, productivity, profit margins, return on investment, capital resources, government regulation, management and other factors.
30GF Score
Get the complete analysis for TWN
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
TWN has been successfully added to your 
