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Munsin GarmentROCO:2916 -0.99%80 ROE % is 24.97% as of Dec. 2025, which is 110% above its 10-year median of 11.90. GuruFocus rates ROCO:2916 with a GF Score™ of 80/100 and a GF Value™ of NT$46.88 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Munsin Garment ranks better than 86.37% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Munsin Garment's annualized net income for the quarter that ended in Dec. 2025 was NT$394 Mil. Munsin Garment's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$1,580 Mil. Therefore, Munsin Garment's annualized ROE % for the quarter that ended in Dec. 2025 was 24.97%.
The historical rank and industry rank for Munsin Garment's ROE % or its related term are showing as below:
ROCO:2916'
s ROE % Range Over the Past 10 Years
Min: 6.63 Med: 11.9 Max: 22.99
Current: 16.56
During the past 13 years, Munsin Garment's highest ROE % was 22.99%. The lowest was 6.63%. And the median was 11.90%.
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Munsin Garment ROE % Related Terms
Munsin Garment ROE % Historical Data
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The historical data trend for Munsin Garment's ROE % 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.
For the Apparel Manufacturing subindustry, Munsin Garment's ROE %, along with its competitors' market caps and ROE % 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.
Munsin Garment ROE % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's ROE % distribution charts can be found below:
* The bar in red indicates where Munsin Garment's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Munsin Garment (ROCO:2916) has a ROE % of 24.97% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Munsin Garment and its competitors. This is 110% above median its historical median of 11.90. Over the past decade, Munsin Garment's ROE % has ranged from 6.63 to 22.99. According to the industry distribution chart, Munsin Garment ranks #139 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 13.6%.
Is Munsin Garment's ROE % too high?
Munsin Garment's current ROE % of 24.97% is 110% above median its 10-year median of 11.90. Over the past 10 years, this metric has ranged from a low of 6.63 to a high of 22.99. The Manufacturing - Apparel & Accessories industry median ROE % is 4.04. Munsin Garment's value of 24.97% is 518.1% above this industry median. Based on the distribution chart, Munsin Garment ranks #139 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Munsin Garment has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Munsin Garment's ROE % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Munsin Garment ranks #139 out of 1020 companies for ROE %. This places Munsin Garment in the top 14% of its industry — outperforming the majority of peers. The industry median ROE % is 4.04. Munsin Garment's value of 24.97% is 518.1% above this benchmark. Historically, Munsin Garment's own ROE % has ranged from 6.63 to 22.99 over the past decade. While the company's 10-year median is 11.90 vs. the industry median of 4.04, Munsin Garment 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 ROE % for a Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.04, based on 1,020 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Munsin Garment's current ROE % of 24.97% is 518.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Munsin Garment and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munsin Garment's current ROE % is 24.97%, which is 110% above median its own 10-year median of 11.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munsin Garment stock overvalued right now?
Based on GuruFocus' analysis, Munsin Garment (ROCO:2916) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$46.88, compared to a current price of NT$40.10 — trading 14.5% below its estimated fair value. The current ROE % is 24.97%, which is 110% above median its 10-year median of 11.90 and 518.1% above the Manufacturing - Apparel & Accessories industry median of 4.04. Munsin Garment's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Munsin Garment (ROCO:2916), the current ROE % is 24.97% 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 Munsin Garment (ROCO:2916) Overvalued in 2026?
Based on GuruFocus' analysis, Munsin Garment stock appears to be undervalued.
The current stock price of NT$40.10 is trading 14.5% below its estimated GF Value™ of NT$46.88.
GuruFocus considers Munsin Garment to be Modestly Undervalued.
Key valuation signals for ROCO:2916:
ROE %: 24.97% (110% above median its 10-year median of 11.90)
GF Value™: NT$46.88 vs. price of NT$40.10 (14.5% below fair value)
Industry Position: 518.1% above the Manufacturing - Apparel & Accessories median (#139 of 1020)
No single metric tells the full story. See the ROCO:2916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Munsin Garment Corp is mainly engaged in the manufacturing and sale of various garments and knitwear; acting as a product distribution, bidding, and quoting agent for domestic and international brands; and the import and export trade operations related to these business activities. The company deals in men's and women's apparel products of various international brands, such as Munsingwear, Le Coq Sportif, Pou Dou Dou, Eminento, Nara CamiCie, Hazzy, and others. Geographically, all of its revenue is derived from Taiwan.
80GF Score
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