TPE:8473's ROA % is ranked better than 58.47% of 248
companies
in the Waste Management industry
Industry Median: 1.53
vs TPE:8473: 2.87
Forest Water Environmental Eng'g Co (TPE:8473) 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.
Forest Water Environmental Eng'g Co ROA % Related Terms
Forest Water Environmental Eng'g 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 Waste Management subindustry, Forest Water Environmental Eng'g 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.
Forest Water Environmental Eng'g Co ROA % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Forest Water Environmental Eng'g Co's ROA % distribution charts can be found below:
* The bar in red indicates where Forest Water Environmental Eng'g Co'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.
Forest Water Environmental Eng'g Co (TPE:8473) has a ROA % of 2.20% 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 Forest Water Environmental Eng'g Co and its competitors. This is 28% above median its historical median of 1.72. According to the industry distribution chart, Forest Water Environmental Eng'g Co ranks #103 out of 248 companies in the Waste Management industry, placing it in the top 41.5%.
Is Forest Water Environmental Eng'g Co's ROA % too high?
Forest Water Environmental Eng'g Co's current ROA % of 2.20% is 28% above median its 10-year median of 1.72. The Waste Management industry median ROA % is 1.53. Forest Water Environmental Eng'g Co's value of 2.20% is 43.8% above this industry median. Based on the distribution chart, Forest Water Environmental Eng'g Co ranks #103 out of 248 companies in the Waste Management industry, which is above the industry midpoint. Overall, Forest Water Environmental Eng'g Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forest Water Environmental Eng'g Co's ROA % compare to WM and RSG?
According to the Waste Management industry distribution chart, Forest Water Environmental Eng'g Co ranks #103 out of 248 companies for ROA %. This puts Forest Water Environmental Eng'g Co in the upper half of its industry. The industry median ROA % is 1.53. Forest Water Environmental Eng'g Co's value of 2.20% is 43.8% above this benchmark. While the company's 10-year median is 1.72 vs. the industry median of 1.53, Forest Water Environmental Eng'g 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 Waste Management company?
The median ROA % among Waste Management companies is 1.53, based on 248 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. Forest Water Environmental Eng'g Co's current ROA % of 2.20% is 43.8% 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 Forest Water Environmental Eng'g Co and its competitors. For the Waste Management industry, the median ROA % is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forest Water Environmental Eng'g Co's current ROA % is 2.20%, which is 28% above median its own 10-year median of 1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forest Water Environmental Eng'g Co stock overvalued right now?
Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co (TPE:8473) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$41.92, compared to a current price of NT$48.10 — trading 14.7% above its estimated fair value. The current ROA % is 2.20%, which is 28% above median its 10-year median of 1.72 and 43.8% above the Waste Management industry median of 1.53. Forest Water Environmental Eng'g Co's overall GF Score™ is 80/100 with 3 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 Forest Water Environmental Eng'g Co (TPE:8473), the current ROA % is 2.20% 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 Forest Water Environmental Eng'g Co (TPE:8473) Overvalued in 2026?
Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co stock appears to be overvalued.
The current stock price of NT$48.10 is trading 14.7% above its estimated GF Value™ of NT$41.92.
GuruFocus considers Forest Water Environmental Eng'g Co to be Modestly Overvalued.
Key valuation signals for TPE:8473:
ROA %: 2.20% (28% above median its 10-year median of 1.72)
GF Value™: NT$41.92 vs. price of NT$48.10 (14.7% above fair value)
Industry Position: 43.8% above the Waste Management median (#103 of 248)
No single metric tells the full story. See the TPE:8473 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forest Water Environmental Eng'g Co Business Description
Forest Water Environmental Eng'g Co Ltd is engaged includes engineering projects for environmental protection, sewage treatment, waste treatment and recycling, and the recycling and decomposition of compostable food waste. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.
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