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ICP DAS CoROCO:3577 +5.58%70 ROE % is 12.04% as of Dec. 2025, which is 21% above its 10-year median of 9.91. GuruFocus rates ROCO:3577 with a GF Score™ of 70/100 and a GF Value™ of NT$68.28 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,431 Hardware companies, ICP DAS Co ranks better than 74.08% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. ICP DAS Co's annualized net income for the quarter that ended in Dec. 2025 was NT$164 Mil. ICP DAS Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$1,362 Mil. Therefore, ICP DAS Co's annualized ROE % for the quarter that ended in Dec. 2025 was 12.04%.
The historical rank and industry rank for ICP DAS Co's ROE % or its related term are showing as below:
ROCO:3577'
s ROE % Range Over the Past 10 Years
Min: 4.05 Med: 9.91 Max: 19.36
Current: 11.26
During the past 13 years, ICP DAS Co's highest ROE % was 19.36%. The lowest was 4.05%. And the median was 9.91%.
ROCO:3577's ROE % is ranked better than 74.08% of 2431
companies
in the Hardware industry
Industry Median: 4.66
vs ROCO:3577: 11.26
ICP DAS Co (ROCO:3577) 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:
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.
ICP DAS Co ROE % Related Terms
ICP DAS Co ROE % Historical Data
* Premium members only.
The historical data trend for ICP DAS 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.
For the Communication Equipment subindustry, ICP DAS 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.
ICP DAS Co ROE % vs Hardware Industry
For the Hardware industry and Technology sector, ICP DAS Co's ROE % distribution charts can be found below:
* The bar in red indicates where ICP DAS Co'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.
ICP DAS Co (ROCO:3577) has a ROE % of 12.04% 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 ICP DAS Co and its competitors. This is 21% above median its historical median of 9.91. Over the past decade, ICP DAS Co's ROE % has ranged from 4.05 to 19.36. According to the industry distribution chart, ICP DAS Co ranks #630 out of 2431 companies in the Hardware industry, placing it in the top 25.9%.
Is ICP DAS Co's ROE % too high?
ICP DAS Co's current ROE % of 12.04% is 21% above median its 10-year median of 9.91. Over the past 10 years, this metric has ranged from a low of 4.05 to a high of 19.36. The Hardware industry median ROE % is 4.66. ICP DAS Co's value of 12.04% is 158.4% above this industry median. Based on the distribution chart, ICP DAS Co ranks #630 out of 2431 companies in the Hardware industry, which is above the industry midpoint. Overall, ICP DAS Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ICP DAS Co's ROE % compare to CSCO and CIEN?
According to the Hardware industry distribution chart, ICP DAS Co ranks #630 out of 2431 companies for ROE %. This puts ICP DAS Co in the upper half of its industry. The industry median ROE % is 4.66. ICP DAS Co's value of 12.04% is 158.4% above this benchmark. Historically, ICP DAS Co's own ROE % has ranged from 4.05 to 19.36 over the past decade. While the company's 10-year median is 9.91 vs. the industry median of 4.66, ICP DAS Co 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 Hardware company?
The median ROE % among Hardware companies is 4.66, based on 2,431 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. ICP DAS Co's current ROE % of 12.04% is 158.4% 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 ICP DAS Co and its competitors. For the Hardware industry, the median ROE % is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICP DAS Co's current ROE % is 12.04%, which is 21% above median its own 10-year median of 9.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICP DAS Co stock overvalued right now?
Based on GuruFocus' analysis, ICP DAS Co (ROCO:3577) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$68.28, compared to a current price of NT$132.50 — trading 94.1% above its estimated fair value. The current ROE % is 12.04%, which is 21% above median its 10-year median of 9.91 and 158.4% above the Hardware industry median of 4.66. ICP DAS Co's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For ICP DAS Co (ROCO:3577), the current ROE % is 12.04% 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 ICP DAS Co (ROCO:3577) Overvalued in 2026?
Based on GuruFocus' analysis, ICP DAS Co stock appears to be overvalued.
The current stock price of NT$132.50 is trading 94.1% above its estimated GF Value™ of NT$68.28.
GuruFocus considers ICP DAS Co to be Significantly Overvalued.
Key valuation signals for ROCO:3577:
ROE %: 12.04% (21% above median its 10-year median of 9.91)
GF Value™: NT$68.28 vs. price of NT$132.50 (94.1% above fair value)
Industry Position: 158.4% above the Hardware median (#630 of 2431)
No single metric tells the full story. See the ROCO:3577 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICP DAS Co Ltd is a Taiwan based company engaged in the production and sale of industrial computer hardware, software and peripheral equipment. Its products include programmable automation controllers, PC based I/O boards, machine automation products, industrial communication products, wireless modems, intelligent power meters and others. The company also geographically operates in Taiwan, Mainland China, United States, Germany, UAE and Others. It derives maximum revenue from Taiwan.
70GF Score
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