Tong Ming Enterprise Co (TPE:5538) ROCE %: 9.83% (As of Dec. 2025)

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TPE:5538 Tong Ming Enterprise Co Ltd TPE:5538
81 GF Score
Price NT$33.45
GF Value NT$30.68
Valuation Fairly Valued
! 6 Warning Signs
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What is Tong Ming Enterprise Co ROCE %?

Tong Ming Enterprise Co TPE:5538 +0.60% 81 ROCE % is 9.83% as of Dec. 2025. GuruFocus rates TPE:5538 with a GF Score™ of 81/100 and a GF Value™ of NT$30.68 (Fairly Valued). The stock has 6 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tong Ming Enterprise Co's annualized ROCE % for the quarter that ended in Dec. 2025 was 9.83%.

Tong Ming Enterprise Co  (TPE:5538) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tong Ming Enterprise Co ROCE % Related Terms

Tong Ming Enterprise Co ROCE % Historical Data

* Premium members only.

The historical data trend for Tong Ming Enterprise Co's ROCE % 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.

Tong Ming Enterprise Co ROCE % Chart

Tong Ming Enterprise Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.91 16.37 3.71 9.55 9.53

Tong Ming Enterprise Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.41 9.13 8.86 10.77 9.83
TPE:5538
81GF Score
Tong Ming Enterprise Co Ltd TPE:5538
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tong Ming Enterprise Co ROCE % Calculation

Tong Ming Enterprise Co's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=869.785/( ( (13947.061 - 4902.044) + (14711.308 - 5503.173) )/ 2 )
=869.785/( (9045.017+9208.135)/ 2 )
=869.785/9126.576
=9.53 %

Tong Ming Enterprise Co's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=886.748/( ( (13470.177 - 4636.886) + (14711.308 - 5503.173) )/ 2 )
=886.748/( ( 8833.291 + 9208.135 )/ 2 )
=886.748/9020.713
=9.83 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 9.83% mean?
Tong Ming Enterprise Co (TPE:5538) has a ROCE % of 9.83% as of Dec. 2025.
Is Tong Ming Enterprise Co's ROCE % too high?
Tong Ming Enterprise Co's current ROCE % is 9.83%. The Steel industry median ROCE % is 5.63. Tong Ming Enterprise Co's value of 9.83% is 74.8% above this industry median. Overall, Tong Ming Enterprise Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tong Ming Enterprise Co's ROCE % compare to NUE and STLD?
Tong Ming Enterprise Co's ROCE % of 9.83% can be compared against companies in the Steel industry. The industry median ROCE % is 5.63. Tong Ming Enterprise Co's value of 9.83% is 74.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Steel company?
The median ROCE % among Steel companies is 5.63, based on 620 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tong Ming Enterprise Co's current ROCE % of 9.83% is 74.8% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median ROCE % is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Ming Enterprise Co's current ROCE % is 9.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Ming Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Tong Ming Enterprise Co (TPE:5538) is currently considered Fairly Valued. The stock's GF Value™ is NT$30.68, compared to a current price of NT$33.45 — trading 9% above its estimated fair value. The current ROCE % is 9.83% and 74.8% above the Steel industry median of 5.63. Tong Ming Enterprise Co's overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Tong Ming Enterprise Co (TPE:5538), the current ROCE % is 9.83% 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 Tong Ming Enterprise Co (TPE:5538) Overvalued in 2026?

Based on GuruFocus' analysis, Tong Ming Enterprise Co stock appears to be overvalued. The current stock price of NT$33.45 is trading 9% above its estimated GF Value™ of NT$30.68. GuruFocus considers Tong Ming Enterprise Co to be Fairly Valued.

Key valuation signals for TPE:5538:

  • ROCE %: 9.83%
  • GF Value™: NT$30.68 vs. price of NT$33.45 (9% above fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 74.8% above the Steel median

No single metric tells the full story. See the TPE:5538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tong Ming Enterprise Co Business Description

Address No. 88, Changsheng East Road, Economic Development Zone, Zhejiang Province, Jiaxing, CHN, 314003
Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. The company derives the maximum revenue from Fasteners products. Geographically, the company operates in China. The company serves industries such as curtain wall, high-speed railways, communication, new energy, shipbuilding, animal husbandry, and foreign engineering projects. It derives maximum revenue from Fasteners followed by Wire, Strategic products, and others.
81GF Score

Get the complete analysis for TPE:5538

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$33.45
Price
NT$30.68
GF Value