TSG Development Co (ROCO:3521) ROE % Adjusted to Book Value: -3.55% (As of Dec. 2025)

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ROCO:3521 TSG Development Co Ltd ROCO:3521
57 GF Score
Price NT$12.60
GF Value NT$10.03
Valuation Modestly Overvalued
! 2 Warning Signs
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What is TSG Development Co ROE % Adjusted to Book Value?

TSG Development Co ROCO:3521 +2.44% 57 ROE % Adjusted to Book Value is -3.55% as of Dec. 2025. GuruFocus rates ROCO:3521 with a GF Score™ of 57/100 and a GF Value™ of NT$10.03 (Modestly Overvalued). The stock has 2 warning signs investors should review.

TSG Development Co's ROE % for the quarter that ended in Dec. 2025 was -4.94%. TSG Development Co's PB Ratio for the quarter that ended in Dec. 2025 was 1.39. TSG Development Co's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was -3.55%.


TSG Development Co ROE % Adjusted to Book Value Related Terms


TSG Development Co ROE % Adjusted to Book Value Historical Data

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The historical data trend for TSG Development Co's ROE % Adjusted to Book Value 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.

TSG Development Co ROE % Adjusted to Book Value Chart

TSG Development Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.17 -7.27 -14.32 -4.48 -0.48

TSG Development Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROE % Adjusted to Book Value 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 -16.37 -8.43 4.95 5.97 -3.55

ROCO:3521 vs PWR, FIX, EME: ROE % Adjusted to Book Value Comparison

For the Engineering & Construction subindustry, TSG Development Co's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


TSG Development Co ROE % Adjusted to Book Value vs Construction Industry

For the Construction industry and Industrials sector, TSG Development Co's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where TSG Development Co's ROE % Adjusted to Book Value falls into.


ROCO:3521
57GF Score
TSG Development Co Ltd ROCO:3521
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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TSG Development Co ROE % Adjusted to Book Value Calculation

TSG Development Co's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-0.67% / 1.39
=-0.48%

TSG Development Co's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-4.94% / 1.39
=-3.55%

* 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.

What does a ROE % Adjusted to Book Value of -3.55% mean?
TSG Development Co (ROCO:3521) has a ROE % Adjusted to Book Value of -3.55% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on TSG Development Co and its competitors.
Is TSG Development Co's ROE % Adjusted to Book Value too high?
TSG Development Co's current ROE % Adjusted to Book Value is -3.55%. Overall, TSG Development Co has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TSG Development Co's ROE % Adjusted to Book Value compare to PWR and FIX?
TSG Development Co's ROE % Adjusted to Book Value of -3.55% can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Construction company?
A good ROE % Adjusted to Book Value depends on the Construction industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on TSG Development Co and its competitors. TSG Development Co's current ROE % Adjusted to Book Value is -3.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSG Development Co stock overvalued right now?
Based on GuruFocus' analysis, TSG Development Co (ROCO:3521) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$10.03, compared to a current price of NT$12.60 — trading 25.6% above its estimated fair value. The current ROE % Adjusted to Book Value is -3.55%. TSG Development Co's overall GF Score™ is 57/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For TSG Development Co (ROCO:3521), the current ROE % Adjusted to Book Value is -3.55% 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 TSG Development Co (ROCO:3521) Overvalued in 2026?

Based on GuruFocus' analysis, TSG Development Co stock appears to be overvalued. The current stock price of NT$12.60 is trading 25.6% above its estimated GF Value™ of NT$10.03. GuruFocus considers TSG Development Co to be Modestly Overvalued.

Key valuation signals for ROCO:3521:

  • ROE % Adjusted to Book Value: -3.55%
  • GF Value™: NT$10.03 vs. price of NT$12.60 (25.6% above fair value)
  • GF Score™: 57/100 with 2 warning signs

No single metric tells the full story. See the ROCO:3521 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TSG Development Co Business Description

Address 25th Floor, No. 502, Jiuru 1st Road, Sanmin District, Kaohsiung City, Taipei, TWN, 235
TSG Development Co Ltd Formerly Datavan International Corp is engaged in the research and development, design, manufacture and sale of endpoint sales system software and hardware, import and export of computer information equipment and its peripheral equipment parts and accessories, and development and sale of residential and buildings for lease, investment in construction of public works and real estate trading. It operates in two reportable operating segments: Technology Business Division; and Construction Business Division, which earns majority of the revenue from real estate construction and related sales management services and other businesses. Geographically, its operations are spread across Asia, Europe, Americas and Other with majority of the revenue generating from Asia.
57GF Score

Get the complete analysis for ROCO:3521

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

NT$12.60
Price
NT$10.03
GF Value