BOE VaritronixVARXF +23.68%59 Return-on-Tangible-Equity is 7.06% as of Dec. 2025, which is 41% above its 10-year median of 4.99. GuruFocus rates VARXF with a GF Score™ of 59/100 and a GF Value™ of $0.94 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,379 Hardware companies, BOE Varitronix ranks better than 58.34% 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. BOE Varitronix's annualized net income for the quarter that ended in Dec. 2025 was $42 Mil. BOE Varitronix's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $600 Mil. Therefore, BOE Varitronix's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 7.06%.
The historical rank and industry rank for BOE Varitronix's Return-on-Tangible-Equity or its related term are showing as below:
VARXF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.62 Med: 4.99 Max: 16.58
Current: 7.46
During the past 13 years, BOE Varitronix's highest Return-on-Tangible-Equity was 16.58%. The lowest was 0.62%. And the median was 4.99%.
VARXF's Return-on-Tangible-Equity is ranked better than 58.34% of 2379
companies
in the Hardware industry
Industry Median: 5.28
vs VARXF: 7.46
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.
BOE Varitronix Return-on-Tangible-Equity Related Terms
BOE Varitronix Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for BOE Varitronix'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.
VARXF vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, BOE Varitronix'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.
BOE Varitronix Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, BOE Varitronix's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BOE Varitronix'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 (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 7.06% mean?
BOE Varitronix (VARXF) has a Return-on-Tangible-Equity of 7.06% 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 BOE Varitronix and its competitors. This is 41% above median its historical median of 4.99. Over the past decade, BOE Varitronix's Return-on-Tangible-Equity has ranged from 0.62 to 16.58. According to the industry distribution chart, BOE Varitronix ranks #991 out of 2379 companies in the Hardware industry, placing it in the top 41.7%.
Is BOE Varitronix's Return-on-Tangible-Equity too high?
BOE Varitronix's current Return-on-Tangible-Equity of 7.06% is 41% above median its 10-year median of 4.99. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 16.58. The Hardware industry median Return-on-Tangible-Equity is 5.28. BOE Varitronix's value of 7.06% is 33.7% above this industry median. Based on the distribution chart, BOE Varitronix ranks #991 out of 2379 companies in the Hardware industry, which is above the industry midpoint. Overall, BOE Varitronix has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BOE Varitronix's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, BOE Varitronix ranks #991 out of 2379 companies for Return-on-Tangible-Equity. This puts BOE Varitronix in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.28. BOE Varitronix's value of 7.06% is 33.7% above this benchmark. Historically, BOE Varitronix's own Return-on-Tangible-Equity has ranged from 0.62 to 16.58 over the past decade. While the company's 10-year median is 4.99 vs. the industry median of 5.28, BOE Varitronix 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.28, based on 2,379 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. BOE Varitronix's current Return-on-Tangible-Equity of 7.06% is 33.7% 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 BOE Varitronix and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOE Varitronix's current Return-on-Tangible-Equity is 7.06%, which is 41% above median its own 10-year median of 4.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOE Varitronix stock overvalued right now?
Based on GuruFocus' analysis, BOE Varitronix (VARXF) is currently considered Significantly Undervalued. The stock's GF Value™ is $0.94, compared to a current price of $0.63 — trading 32.5% below its estimated fair value. The current Return-on-Tangible-Equity is 7.06%, which is 41% above median its 10-year median of 4.99 and 33.7% above the Hardware industry median of 5.28. BOE Varitronix's overall GF Score™ is 59/100 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 BOE Varitronix (VARXF), the current Return-on-Tangible-Equity is 7.06% 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 BOE Varitronix (VARXF) Overvalued in 2026?
Based on GuruFocus' analysis, BOE Varitronix stock appears to be undervalued.
The current stock price of $0.63 is trading 32.5% below its estimated GF Value™ of $0.94.
GuruFocus considers BOE Varitronix to be Significantly Undervalued.
Key valuation signals for VARXF:
Return-on-Tangible-Equity: 7.06% (41% above median its 10-year median of 4.99)
GF Value™: $0.94 vs. price of $0.63 (32.5% below fair value)
Industry Position: 33.7% above the Hardware median (#991 of 2379)
No single metric tells the full story. See the VARXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BOE Varitronix Ltd is an investment holding company. It is principally engaged in automobile and industrial display products and has a monochrome display manufacturing capacity. It manufactures various products in the category of automobile, industrial, white goods, medical, and other. The company operates in one business segment which is the design, manufacture and sale of liquid crystal displays and related products. The company's geographical segments include the PRC, Europe, Japan, America, Korea, and other regions, out of which the PRC accounts for the majority of the revenue.
59GF Score
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