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. Ultra Clean Holdings's annualized net income for the quarter that ended in Mar. 2026 was $-72 Mil. Ultra Clean Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $402 Mil. Therefore, Ultra Clean Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -17.82%.
The historical rank and industry rank for Ultra Clean Holdings's Return-on-Tangible-Equity or its related term are showing as below:
UCTT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -46.23 Med: 11.18 Max: 54.21
Current: -46.23
During the past 13 years, Ultra Clean Holdings's highest Return-on-Tangible-Equity was 54.21%. The lowest was -46.23%. And the median was 11.18%.
UCTT's Return-on-Tangible-Equity is ranked worse than 93.1% of 985
companies
in the Semiconductors industry
Industry Median: 5.19
vs UCTT: -46.23
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.
Ultra Clean Holdings Return-on-Tangible-Equity Related Terms
Ultra Clean Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ultra Clean Holdings'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.
UCTT vs ACLS, AXTI, IPGP: Return-on-Tangible-Equity Comparison
For the Semiconductor Equipment & Materials subindustry, Ultra Clean Holdings'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.
Ultra Clean Holdings Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Ultra Clean Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ultra Clean Holdings'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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -17.82% mean?
Ultra Clean Holdings (UCTT) has a Return-on-Tangible-Equity of -17.82% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Ultra Clean Holdings and its competitors. According to the industry distribution chart, Ultra Clean Holdings ranks #917 out of 985 companies in the Semiconductors industry, placing it in the top 93.1%.
Is Ultra Clean Holdings' Return-on-Tangible-Equity too high?
Ultra Clean Holdings' current Return-on-Tangible-Equity is -17.82%. Based on the distribution chart, Ultra Clean Holdings ranks #917 out of 985 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Ultra Clean Holdings has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ultra Clean Holdings' Return-on-Tangible-Equity compare to ACLS and AXTI?
According to the Semiconductors industry distribution chart, Ultra Clean Holdings ranks #917 out of 985 companies for Return-on-Tangible-Equity. This places Ultra Clean Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.19. 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 Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.19, based on 985 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 Ultra Clean Holdings and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultra Clean Holdings's current Return-on-Tangible-Equity is -17.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultra Clean Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ultra Clean Holdings (UCTT) is currently considered Significantly Overvalued. The stock's GF Value™ is $38.49, compared to a current price of $106.66 — trading 177.1% above its estimated fair value. The current Return-on-Tangible-Equity is -17.82%. Ultra Clean Holdings' overall GF Score™ is 66/100 with 7 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 Ultra Clean Holdings (UCTT), the current Return-on-Tangible-Equity is -17.82% as of Mar. 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.
Is Ultra Clean Holdings (UCTT) Overvalued in 2026?
Based on GuruFocus' analysis, Ultra Clean Holdings stock appears to be overvalued.
The current stock price of $106.66 is trading 177.1% above its estimated GF Value™ of $38.49.
GuruFocus considers Ultra Clean Holdings to be Significantly Overvalued.
Key valuation signals for UCTT:
Return-on-Tangible-Equity: -17.82%
GF Value™: $38.49 vs. price of $106.66 (177.1% above fair value)
No single metric tells the full story. See the UCTT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultra Clean Holdings Inc, through its subsidiaries, manufactures and supplies production tools, modules, and subsystems for the semiconductor capital equipment industry. The product includes precision robotic solutions, gas delivery systems, and a variety of industrial and automation production equipment products; subsystems include wafer cleaning subsystems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules. Its customer base includes firms in the semiconductor capital equipment industry, medical, energy, industrial, flat panel, and research equipment industries. It has two segments: Products and Services. Its principal markets are the Americas, Asia Pacific, and EMEA.
66GF Score
Get the complete analysis for UCTT
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
UCTT has been successfully added to your 
