Bedding World Co (ROCO:2938) ROE %: 3.80% (As of Dec. 2025) — 79% Below Median

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ROCO:2938 Bedding World Co Ltd ROCO:2938
70 GF Score
Price NT$25.20
GF Value NT$34.03
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Bedding World Co ROE %?

Bedding World Co ROCO:2938 -4.00% 70 ROE % is 3.80% as of Dec. 2025, which is 79% below its 10-year median of 17.76. GuruFocus rates ROCO:2938 with a GF Score™ of 70/100 and a GF Value™ of NT$34.03 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 425 Furnishings, Fixtures & Appliances companies, Bedding World Co ranks worse than 54.12% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Bedding World Co's annualized net income for the quarter that ended in Dec. 2025 was NT$25.6 Mil. Bedding World Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$674.0 Mil. Therefore, Bedding World Co's annualized ROE % for the quarter that ended in Dec. 2025 was 3.80%.

The historical rank and industry rank for Bedding World Co's ROE % or its related term are showing as below:

ROCO:2938' s ROE % Range Over the Past 10 Years
Min: 3.45   Med: 17.76   Max: 22.04
Current: 3.49

During the past 13 years, Bedding World Co's highest ROE % was 22.04%. The lowest was 3.45%. And the median was 17.76%.

ROCO:2938's ROE % is ranked worse than
54.12% of 425 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 4.51 vs ROCO:2938: 3.49

Bedding World Co  (ROCO:2938) ROE % Explanation

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:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=25.62/674.0015
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(25.62 / 743.108)*(743.108 / 1597.137)*(1597.137 / 674.0015)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.45 %*0.4653*2.3696
=ROA %*Equity Multiplier
=1.61 %*2.3696
=3.80 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=25.62/674.0015
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (25.62 / 32.438) * (32.438 / 43.464) * (43.464 / 743.108) * (743.108 / 1597.137) * (1597.137 / 674.0015)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7898 * 0.7463 * 5.85 % * 0.4653 * 2.3696
=3.80 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (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.


Bedding World Co ROE % Related Terms


Bedding World Co ROE % Historical Data

* Premium members only.

The historical data trend for Bedding World Co'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.

Bedding World Co ROE % Chart

Bedding World Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.25 18.82 11.54 12.53 3.45

Bedding World Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % 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 14.31 12.79 12.70 3.23 3.80

ROCO:2938 vs SN, SGI, MHK: ROE % Comparison

For the Furnishings, Fixtures & Appliances subindustry, Bedding World Co'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.


Bedding World Co ROE % vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Bedding World Co's ROE % distribution charts can be found below:

* The bar in red indicates where Bedding World Co's ROE % falls into.


ROCO:2938
70GF Score
Bedding World Co Ltd ROCO:2938
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bedding World Co ROE % Calculation

Bedding World Co's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=23.86/( (701.588+683.275)/ 2 )
=23.86/692.4315
=3.45 %

Bedding World Co's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=25.62/( (664.728+683.275)/ 2 )
=25.62/674.0015
=3.80 %

* 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 two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 3.80% mean?
Bedding World Co (ROCO:2938) has a ROE % of 3.80% 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 Bedding World Co and its competitors. This is 79% below median its historical median of 17.76. Over the past decade, Bedding World Co's ROE % has ranged from 3.45 to 22.04. According to the industry distribution chart, Bedding World Co ranks #230 out of 425 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 54.1%.
Is Bedding World Co's ROE % too high?
Bedding World Co's current ROE % of 3.80% is 79% below median its 10-year median of 17.76. Over the past 10 years, this metric has ranged from a low of 3.45 to a high of 22.04. The Furnishings, Fixtures & Appliances industry median ROE % is 4.51. Bedding World Co's value of 3.80% is 15.7% below this industry median. Based on the distribution chart, Bedding World Co ranks #230 out of 425 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Bedding World Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bedding World Co's ROE % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Bedding World Co ranks #230 out of 425 companies for ROE %. This places Bedding World Co in the lower half of its industry. The industry median ROE % is 4.51. Bedding World Co's value of 3.80% is 15.7% below this benchmark. Historically, Bedding World Co's own ROE % has ranged from 3.45 to 22.04 over the past decade. While the company's 10-year median is 17.76 vs. the industry median of 4.51, Bedding World Co has consistently been below 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 Furnishings, Fixtures & Appliances company?
The median ROE % among Furnishings, Fixtures & Appliances companies is 4.51, based on 425 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. Bedding World Co's current ROE % of 3.80% is 15.7% below 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 Bedding World Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median ROE % is 4.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bedding World Co's current ROE % is 3.80%, which is 79% below median its own 10-year median of 17.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bedding World Co stock overvalued right now?
Based on GuruFocus' analysis, Bedding World Co (ROCO:2938) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$34.03, compared to a current price of NT$25.20 — trading 25.9% below its estimated fair value. The current ROE % is 3.80%, which is 79% below median its 10-year median of 17.76 and 15.7% below the Furnishings, Fixtures & Appliances industry median of 4.51. Bedding World Co's overall GF Score™ is 70/100 with 7 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 Bedding World Co (ROCO:2938), the current ROE % is 3.80% 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 Bedding World Co (ROCO:2938) Overvalued in 2026?

Based on GuruFocus' analysis, Bedding World Co stock appears to be undervalued. The current stock price of NT$25.20 is trading 25.9% below its estimated GF Value™ of NT$34.03. GuruFocus considers Bedding World Co to be Modestly Undervalued.

Key valuation signals for ROCO:2938:

  • ROE %: 3.80% (79% below median its 10-year median of 17.76)
  • GF Value™: NT$34.03 vs. price of NT$25.20 (25.9% below fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 15.7% below the Furnishings, Fixtures & Appliances median (#230 of 425)

No single metric tells the full story. See the ROCO:2938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bedding World Co Business Description

Address Number 88, Sec. 1, Jiuzong Road, Neihu District, Taipei City, TWN
Bedding World Co Ltd is a Taiwan based company mainly engaged in manufacturing of a variety of beds. The company's product offerings include Classic bed, National mattress, Grand Canyon, Statue of Liberty, Harvard and other brands of beds and other related stuff.
70GF Score

Get the complete analysis for ROCO:2938

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

NT$25.20
Price
NT$34.03
GF Value