BISON Electronics (ROCO:3659) ROE %: 14.05% (As of Dec. 2025) — 11% Above Median

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ROCO:3659 BISON Electronics Inc ROCO:3659
75 GF Score
Price NT$20.70
GF Value NT$30.17
Valuation Significantly Undervalued
! 5 Warning Signs
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What is BISON Electronics ROE %?

BISON Electronics ROCO:3659 -5.91% 75 ROE % is 14.05% as of Dec. 2025, which is 11% above its 10-year median of 12.64. GuruFocus rates ROCO:3659 with a GF Score™ of 75/100 and a GF Value™ of NT$30.17 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,429 Hardware companies, BISON Electronics ranks better than 68.14% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. BISON Electronics's annualized net income for the quarter that ended in Dec. 2025 was NT$147 Mil. BISON Electronics's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$1,046 Mil. Therefore, BISON Electronics's annualized ROE % for the quarter that ended in Dec. 2025 was 14.05%.

The historical rank and industry rank for BISON Electronics's ROE % or its related term are showing as below:

ROCO:3659' s ROE % Range Over the Past 10 Years
Min: 1.58   Med: 12.64   Max: 20.93
Current: 9.53

During the past 13 years, BISON Electronics's highest ROE % was 20.93%. The lowest was 1.58%. And the median was 12.64%.

ROCO:3659's ROE % is ranked better than
68.14% of 2429 companies
in the Hardware industry
Industry Median: 4.67 vs ROCO:3659: 9.53

BISON Electronics  (ROCO:3659) 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
=146.926/1045.7585
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(146.926 / 2795.182)*(2795.182 / 2386.3375)*(2386.3375 / 1045.7585)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.26 %*1.1713*2.2819
=ROA %*Equity Multiplier
=6.16 %*2.2819
=14.05 %

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
=146.926/1045.7585
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (146.926 / 206.444) * (206.444 / 95.732) * (95.732 / 2795.182) * (2795.182 / 2386.3375) * (2386.3375 / 1045.7585)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7117 * 2.1565 * 3.42 % * 1.1713 * 2.2819
=14.05 %

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.


BISON Electronics ROE % Related Terms


BISON Electronics ROE % Historical Data

* Premium members only.

The historical data trend for BISON Electronics'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.

BISON Electronics ROE % Chart

BISON Electronics 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 13.95 13.78 15.04 20.93 9.25

BISON Electronics 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 21.06 24.29 18.33 5.29 14.05

ROCO:3659 vs SNDK, DELL, STX: ROE % Comparison

For the Computer Hardware subindustry, BISON Electronics'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.


BISON Electronics ROE % vs Hardware Industry

For the Hardware industry and Technology sector, BISON Electronics's ROE % distribution charts can be found below:

* The bar in red indicates where BISON Electronics's ROE % falls into.


ROCO:3659
75GF Score
BISON Electronics Inc ROCO:3659
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BISON Electronics ROE % Calculation

BISON Electronics'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 )
=101.097/( (1092.08+1092.749)/ 2 )
=101.097/1092.4145
=9.25 %

BISON Electronics'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 )
=146.926/( (998.768+1092.749)/ 2 )
=146.926/1045.7585
=14.05 %

* 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 14.05% mean?
BISON Electronics (ROCO:3659) has a ROE % of 14.05% 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 BISON Electronics and its competitors. This is 11% above median its historical median of 12.64. Over the past decade, BISON Electronics' ROE % has ranged from 1.58 to 20.93. According to the industry distribution chart, BISON Electronics ranks #774 out of 2429 companies in the Hardware industry, placing it in the top 31.9%.
Is BISON Electronics' ROE % too high?
BISON Electronics' current ROE % of 14.05% is 11% above median its 10-year median of 12.64. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 20.93. The Hardware industry median ROE % is 4.67. BISON Electronics' value of 14.05% is 200.9% above this industry median. Based on the distribution chart, BISON Electronics ranks #774 out of 2429 companies in the Hardware industry, which is above the industry midpoint. Overall, BISON Electronics has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BISON Electronics' ROE % compare to SNDK and DELL?
According to the Hardware industry distribution chart, BISON Electronics ranks #774 out of 2429 companies for ROE %. This puts BISON Electronics in the upper half of its industry. The industry median ROE % is 4.67. BISON Electronics' value of 14.05% is 200.9% above this benchmark. Historically, BISON Electronics' own ROE % has ranged from 1.58 to 20.93 over the past decade. While the company's 10-year median is 12.64 vs. the industry median of 4.67, BISON Electronics 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 4.67, based on 2,429 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. BISON Electronics's current ROE % of 14.05% is 200.9% 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 BISON Electronics and its competitors. For the Hardware industry, the median ROE % is 4.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BISON Electronics's current ROE % is 14.05%, which is 11% above median its own 10-year median of 12.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BISON Electronics stock overvalued right now?
Based on GuruFocus' analysis, BISON Electronics (ROCO:3659) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$30.17, compared to a current price of NT$20.70 — trading 31.4% below its estimated fair value. The current ROE % is 14.05%, which is 11% above median its 10-year median of 12.64 and 200.9% above the Hardware industry median of 4.67. BISON Electronics' overall GF Score™ is 75/100 with 5 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 BISON Electronics (ROCO:3659), the current ROE % is 14.05% 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 BISON Electronics (ROCO:3659) Overvalued in 2026?

Based on GuruFocus' analysis, BISON Electronics stock appears to be undervalued. The current stock price of NT$20.70 is trading 31.4% below its estimated GF Value™ of NT$30.17. GuruFocus considers BISON Electronics to be Significantly Undervalued.

Key valuation signals for ROCO:3659:

  • ROE %: 14.05% (11% above median its 10-year median of 12.64)
  • GF Value™: NT$30.17 vs. price of NT$20.70 (31.4% below fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 200.9% above the Hardware median (#774 of 2429)

No single metric tells the full story. See the ROCO:3659 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BISON Electronics Business Description

Address No.28, Alley 20, Lane.26, Rueiguang Road, Neihu District, 3rd floor, Taipei, TWN, 114
BISON Electronics Inc is an equipment manufacturer in Taiwan. It manufactures camera modules, displays, peripheral devices, and computer-relevant accessories.
75GF Score

Get the complete analysis for ROCO:3659

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

NT$20.70
Price
NT$30.17
GF Value