ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Thinking Electronic Industrial Co's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$1,703 Mil.
Thinking Electronic Industrial Co's average Total Assets over the quarter that ended in Dec. 2025 was NT$16,097 Mil. Therefore, Thinking Electronic Industrial Co's annualized ROA % for the quarter that ended in Dec. 2025 was 10.58%.
TPE:2428'
s ROA % Range Over the Past 10 Years
Min: 9.31 Med: 12.73 Max: 14.47
Current: 9.51
During the past 13 years, Thinking Electronic Industrial Co's highest ROA % was 14.47%. The lowest was 9.31%. And the median was 12.73%.
TPE:2428's ROA % is ranked better than 86.69% of 2502
companies
in the Hardware industry
Industry Median: 2.265
vs TPE:2428: 9.51
Thinking Electronic Industrial Co (TPE:2428) 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.
Thinking Electronic Industrial Co ROA % Related Terms
Thinking Electronic Industrial Co ROA % Historical 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.
For the Electronic Components subindustry, Thinking Electronic Industrial Co'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.
Thinking Electronic Industrial Co ROA % vs Hardware Industry
* 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.
Thinking Electronic Industrial Co (TPE:2428) has a ROA % of 10.58% 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 Thinking Electronic Industrial Co and its competitors. This is 17% below median its historical median of 12.73. Over the past decade, Thinking Electronic Industrial Co's ROA % has ranged from 9.31 to 14.47. According to the industry distribution chart, Thinking Electronic Industrial Co ranks #333 out of 2502 companies in the Hardware industry, placing it in the top 13.3%.
Is Thinking Electronic Industrial Co's ROA % too high?
Thinking Electronic Industrial Co's current ROA % of 10.58% is 17% below median its 10-year median of 12.73. Over the past 10 years, this metric has ranged from a low of 9.31 to a high of 14.47. The Hardware industry median ROA % is 2.27. Thinking Electronic Industrial Co's value of 10.58% is 367.1% above this industry median. Based on the distribution chart, Thinking Electronic Industrial Co ranks #333 out of 2502 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Thinking Electronic Industrial Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thinking Electronic Industrial Co's ROA % compare to APH and GLW?
According to the Hardware industry distribution chart, Thinking Electronic Industrial Co ranks #333 out of 2502 companies for ROA %. This places Thinking Electronic Industrial Co in the top 13% of its industry — outperforming the majority of peers. The industry median ROA % is 2.27. Thinking Electronic Industrial Co's value of 10.58% is 367.1% above this benchmark. Historically, Thinking Electronic Industrial Co's own ROA % has ranged from 9.31 to 14.47 over the past decade. While the company's 10-year median is 12.73 vs. the industry median of 2.27, Thinking Electronic Industrial Co 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 Hardware company?
The median ROA % among Hardware companies is 2.27, based on 2,502 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. Thinking Electronic Industrial Co's current ROA % of 10.58% is 367.1% 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 Thinking Electronic Industrial Co and its competitors. For the Hardware industry, the median ROA % is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thinking Electronic Industrial Co's current ROA % is 10.58%, which is 17% below median its own 10-year median of 12.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinking Electronic Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Thinking Electronic Industrial Co (TPE:2428) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$175.41, compared to a current price of NT$296.50 — trading 69% above its estimated fair value. The current ROA % is 10.58%, which is 17% below median its 10-year median of 12.73 and 367.1% above the Hardware industry median of 2.27. Thinking Electronic Industrial Co's overall GF Score™ is 78/100 with 8 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 Thinking Electronic Industrial Co (TPE:2428), the current ROA % is 10.58% 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 Thinking Electronic Industrial Co (TPE:2428) Overvalued in 2026?
Based on GuruFocus' analysis, Thinking Electronic Industrial Co stock appears to be overvalued.
The current stock price of NT$296.50 is trading 69% above its estimated GF Value™ of NT$175.41.
GuruFocus considers Thinking Electronic Industrial Co to be Significantly Overvalued.
Key valuation signals for TPE:2428:
ROA %: 10.58% (17% below median its 10-year median of 12.73)
GF Value™: NT$175.41 vs. price of NT$296.50 (69% above fair value)
Industry Position: 367.1% above the Hardware median (#333 of 2502)
No single metric tells the full story. See the TPE:2428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thinking Electronic Industrial Co Business Description
Thinking Electronic Industrial Co Ltd manufactures, processes, and sells electric devices, thermistors, varistors, and wires. Its product portfolio comprises negative temperature coefficient thermistors, zinc oxide varistors, ceramic positive temperature thermistors, polymer positive temperature coefficient thermistors (Polymer PTC resettable fuse), temperature sensors, and gas discharge tubes, among others. The Group's reportable segments are: Thinking Electronic Industrial (the company), which generates the maximum revenue, Thinking Changzhou, Dongguan Welkin and Zhongshan Welkin Guangdong, Thinking Yichang, Jiangxi Thinking, and Others. Geographically, it generates maximum revenue from Greater China (including Taiwan), and the rest from Europe and other regions.
78GF Score
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ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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