ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Mayer Steel Pipe's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$500 Mil.
Mayer Steel Pipe's average Total Assets over the quarter that ended in Dec. 2025 was NT$9,254 Mil. Therefore, Mayer Steel Pipe's annualized ROA % for the quarter that ended in Dec. 2025 was 5.41%.
The historical rank and industry rank for Mayer Steel Pipe's ROA % or its related term are showing as below:
TPE:2020'
s ROA % Range Over the Past 10 Years
Min: 3.44 Med: 6.67 Max: 14.37
Current: 6.29
During the past 13 years, Mayer Steel Pipe's highest ROA % was 14.37%. The lowest was 3.44%. And the median was 6.67%.
TPE:2020's ROA % is ranked better than 79.91% of 637
companies
in the Steel industry
Industry Median: 1.92
vs TPE:2020: 6.29
Mayer Steel Pipe (TPE:2020) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Mayer Steel Pipe ROA % Related Terms
Mayer Steel Pipe ROA % Historical Data
* Premium members only.
The historical data trend for Mayer Steel Pipe's ROA % 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.
For the Steel subindustry, Mayer Steel Pipe's ROA %, along with its competitors' market caps and ROA % 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.
Mayer Steel Pipe ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Mayer Steel Pipe's ROA % distribution charts can be found below:
* The bar in red indicates where Mayer Steel Pipe's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Mayer Steel Pipe (TPE:2020) has a ROA % of 5.41% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Mayer Steel Pipe and its competitors. This is 19% below median its historical median of 6.67. Over the past decade, Mayer Steel Pipe's ROA % has ranged from 3.44 to 14.37. According to the industry distribution chart, Mayer Steel Pipe ranks #128 out of 637 companies in the Steel industry, placing it in the top 20.1%.
Is Mayer Steel Pipe's ROA % too high?
Mayer Steel Pipe's current ROA % of 5.41% is 19% below median its 10-year median of 6.67. Over the past 10 years, this metric has ranged from a low of 3.44 to a high of 14.37. The Steel industry median ROA % is 1.92. Mayer Steel Pipe's value of 5.41% is 181.8% above this industry median. Based on the distribution chart, Mayer Steel Pipe ranks #128 out of 637 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mayer Steel Pipe has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mayer Steel Pipe's ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Mayer Steel Pipe ranks #128 out of 637 companies for ROA %. This places Mayer Steel Pipe in the top 20% of its industry — outperforming the majority of peers. The industry median ROA % is 1.92. Mayer Steel Pipe's value of 5.41% is 181.8% above this benchmark. Historically, Mayer Steel Pipe's own ROA % has ranged from 3.44 to 14.37 over the past decade. While the company's 10-year median is 6.67 vs. the industry median of 1.92, Mayer Steel Pipe 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 ROA % for a Steel company?
The median ROA % among Steel companies is 1.92, based on 637 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mayer Steel Pipe's current ROA % of 5.41% is 181.8% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Mayer Steel Pipe and its competitors. For the Steel industry, the median ROA % is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayer Steel Pipe's current ROA % is 5.41%, which is 19% below median its own 10-year median of 6.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayer Steel Pipe stock overvalued right now?
Based on GuruFocus' analysis, Mayer Steel Pipe (TPE:2020) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.99, compared to a current price of NT$21.45 — trading 2.2% above its estimated fair value. The current ROA % is 5.41%, which is 19% below median its 10-year median of 6.67 and 181.8% above the Steel industry median of 1.92. Mayer Steel Pipe's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Mayer Steel Pipe (TPE:2020), the current ROA % is 5.41% 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 Mayer Steel Pipe (TPE:2020) Overvalued in 2026?
Based on GuruFocus' analysis, Mayer Steel Pipe stock appears to be overvalued.
The current stock price of NT$21.45 is trading 2.2% above its estimated GF Value™ of NT$20.99.
GuruFocus considers Mayer Steel Pipe to be Fairly Valued.
Key valuation signals for TPE:2020:
ROA %: 5.41% (19% below median its 10-year median of 6.67)
GF Value™: NT$20.99 vs. price of NT$21.45 (2.2% above fair value)
Industry Position: 181.8% above the Steel median (#128 of 637)
No single metric tells the full story. See the TPE:2020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayer Steel Pipe Corp operates as a steel pipe manufacturer in Taiwan. The primary business of the company and its entities is engaged in the production and sales of black steel pipes, galvanized steel pipes and stainless-steel coils for pipes. The company's reportable segments are the Steel Segment, Real Estate Investment Segment, Investment Segment, and Hotel Services Segment. The majority of revenue is derived from the Steel department, which focuses on the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for Pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.
75GF Score
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