Top Bright Holding CoTPE:8499 -1.80%82 ROA % is 4.00% as of Dec. 2025, which is 74% below its 10-year median of 15.51. GuruFocus rates TPE:8499 with a GF Score™ of 82/100 and a GF Value™ of NT$219.95 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,498 Hardware companies, Top Bright Holding Co ranks better than 56.41% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Top Bright Holding Co's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$624 Mil.
Top Bright Holding Co's average Total Assets over the quarter that ended in Dec. 2025 was NT$15,615 Mil. Therefore, Top Bright Holding Co's annualized ROA % for the quarter that ended in Dec. 2025 was 4.00%.
The historical rank and industry rank for Top Bright Holding Co's ROA % or its related term are showing as below:
TPE:8499'
s ROA % Range Over the Past 10 Years
Min: 2.97 Med: 15.51 Max: 18.77
Current: 3.11
During the past 13 years, Top Bright Holding Co's highest ROA % was 18.77%. The lowest was 2.97%. And the median was 15.51%.
TPE:8499's ROA % is ranked better than 56.41% of 2498
companies
in the Hardware industry
Industry Median: 2.27
vs TPE:8499: 3.11
Top Bright Holding Co (TPE:8499) 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.
* 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, Top Bright Holding 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.
Top Bright Holding Co ROA % vs Hardware Industry
For the Hardware industry and Technology sector, Top Bright Holding Co's ROA % distribution charts can be found below:
* The bar in red indicates where Top Bright Holding 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.
Top Bright Holding Co (TPE:8499) has a ROA % of 4.00% 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 Top Bright Holding Co and its competitors. This is 74% below median its historical median of 15.51. Over the past decade, Top Bright Holding Co's ROA % has ranged from 2.97 to 18.77. According to the industry distribution chart, Top Bright Holding Co ranks #1089 out of 2498 companies in the Hardware industry, placing it in the top 43.6%.
Is Top Bright Holding Co's ROA % too high?
Top Bright Holding Co's current ROA % of 4.00% is 74% below median its 10-year median of 15.51. Over the past 10 years, this metric has ranged from a low of 2.97 to a high of 18.77. The Hardware industry median ROA % is 2.27. Top Bright Holding Co's value of 4.00% is 76.2% above this industry median. Based on the distribution chart, Top Bright Holding Co ranks #1089 out of 2498 companies in the Hardware industry, which is above the industry midpoint. Overall, Top Bright Holding Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Top Bright Holding Co's ROA % compare to APH and GLW?
According to the Hardware industry distribution chart, Top Bright Holding Co ranks #1089 out of 2498 companies for ROA %. This puts Top Bright Holding Co in the upper half of its industry. The industry median ROA % is 2.27. Top Bright Holding Co's value of 4.00% is 76.2% above this benchmark. Historically, Top Bright Holding Co's own ROA % has ranged from 2.97 to 18.77 over the past decade. While the company's 10-year median is 15.51 vs. the industry median of 2.27, Top Bright Holding 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 2,498 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. Top Bright Holding Co's current ROA % of 4.00% is 76.2% 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 Top Bright Holding 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. Top Bright Holding Co's current ROA % is 4.00%, which is 74% below median its own 10-year median of 15.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Bright Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Top Bright Holding Co (TPE:8499) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$219.95, compared to a current price of NT$300.00 — trading 36.4% above its estimated fair value. The current ROA % is 4.00%, which is 74% below median its 10-year median of 15.51 and 76.2% above the Hardware industry median of 2.27. Top Bright Holding Co's overall GF Score™ is 82/100 with 6 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 Top Bright Holding Co (TPE:8499), the current ROA % is 4.00% 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 Top Bright Holding Co (TPE:8499) Overvalued in 2026?
Based on GuruFocus' analysis, Top Bright Holding Co stock appears to be overvalued.
The current stock price of NT$300.00 is trading 36.4% above its estimated GF Value™ of NT$219.95.
GuruFocus considers Top Bright Holding Co to be Significantly Overvalued.
Key valuation signals for TPE:8499:
ROA %: 4.00% (74% below median its 10-year median of 15.51)
GF Value™: NT$219.95 vs. price of NT$300.00 (36.4% above fair value)
Industry Position: 76.2% above the Hardware median (#1089 of 2498)
No single metric tells the full story. See the TPE:8499 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Bright Holding Co Ltd is a Taiwan-based company engaged in the research, manufacture, and sale of electronic weighing and electronic materials. The company operates through two segments namely Electronic Materials Department and The Scales Department. It generates maximum revenue from the Electronic Material segment. The company's products include Conductive tape, Conductive foam, Conductive film, Insulation Tape, Shock-absorbing sealing material, Thermal interface material, Smart Barcode Scale, Smart weighing instrument, Traceability scale, and others. Geographically, it derives a majority of its revenue from China and also has a presence in Asia, Europe, America, Africa, and Oceania.
82GF Score
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