Test Research (TPE:3030) ROE % Adjusted to Book Value: 6.31% (As of Dec. 2025)


TPE:3030 Test Research Inc TPE:3030
92 GF Score
Price NT$321.50
GF Value NT$176.27
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Test Research ROE % Adjusted to Book Value?

Test Research TPE:3030 +0.78% 92 ROE % Adjusted to Book Value is 6.31% as of Dec. 2025. GuruFocus rates TPE:3030 with a GF Score™ of 92/100 and a GF Value™ of NT$176.27 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Test Research's ROE % for the quarter that ended in Dec. 2025 was 29.73%. Test Research's PB Ratio for the quarter that ended in Dec. 2025 was 4.71. Test Research's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 6.31%.

Test Research ROE % Adjusted to Book Value Related Terms

Test Research ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Test Research'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.

Test Research ROE % Adjusted to Book Value Chart

Test Research 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 8.85 13.89 6.73 6.82 5.89

Test Research 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 7.55 9.25 5.77 6.87 6.31

TPE:3030 vs COHR, KEYS, GRMN: ROE % Adjusted to Book Value Comparison

For the Scientific & Technical Instruments subindustry, Test Research'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.

Test Research ROE % Adjusted to Book Value vs Hardware Industry

For the Hardware industry and Technology sector, Test Research's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Test Research's ROE % Adjusted to Book Value falls into.


TPE:3030
92GF Score
Test Research Inc TPE:3030
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Test Research ROE % Adjusted to Book Value Calculation

Test Research'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
=27.72% / 4.71
=5.89%

Test Research'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
=29.73% / 4.71
=6.31%

* 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 6.31% mean?
Test Research (TPE:3030) has a ROE % Adjusted to Book Value of 6.31% 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 Test Research and its competitors.
Is Test Research's ROE % Adjusted to Book Value too high?
Test Research's current ROE % Adjusted to Book Value is 6.31%. Overall, Test Research has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Test Research's ROE % Adjusted to Book Value compare to COHR and KEYS?
Test Research's ROE % Adjusted to Book Value of 6.31% can be compared against companies in the Hardware 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 Hardware company?
A good ROE % Adjusted to Book Value depends on the Hardware 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 Test Research and its competitors. Test Research's current ROE % Adjusted to Book Value is 6.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Test Research stock overvalued right now?
Based on GuruFocus' analysis, Test Research (TPE:3030) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$176.27, compared to a current price of NT$321.50 — trading 82.4% above its estimated fair value. The current ROE % Adjusted to Book Value is 6.31%. Test Research's overall GF Score™ is 92/100 with 1 warning sign 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 Test Research (TPE:3030), the current ROE % Adjusted to Book Value is 6.31% 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 Test Research (TPE:3030) Overvalued in 2026?

Based on GuruFocus' analysis, Test Research stock appears to be overvalued. The current stock price of NT$321.50 is trading 82.4% above its estimated GF Value™ of NT$176.27. GuruFocus considers Test Research to be Significantly Overvalued.

Key valuation signals for TPE:3030:

  • ROE % Adjusted to Book Value: 6.31%
  • GF Value™: NT$176.27 vs. price of NT$321.50 (82.4% above fair value)
  • GF Score™: 92/100 with 1 warning sign

No single metric tells the full story. See the TPE:3030 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Test Research Business Description

Address No. 45, Dexing W. Road, 7th Floor, Shilin District, Taipei, TWN, 11158
Test Research Inc designs testing equipment for industrial applications. The firm focuses on designing, assembling, manufacturing, selling, repairing, and maintaining automated inspection and testing equipment. The firm receives a majority of its revenue from Asia and the rest from America, Europe, and other regions.
92GF Score

Get the complete analysis for TPE:3030

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

NT$321.50
Price
NT$176.27
GF Value