First Hi-Tec CoROCO:5439 +1.93%83 ROE % is 41.80% as of Dec. 2025, which is 152% above its 10-year median of 16.56. GuruFocus rates ROCO:5439 with a GF Score™ of 83/100 and a GF Value™ of NT$262.45 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,425 Hardware companies, First Hi-Tec Co ranks better than 97.69% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. First Hi-Tec Co's annualized net income for the quarter that ended in Dec. 2025 was NT$1,570 Mil. First Hi-Tec Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$3,755 Mil. Therefore, First Hi-Tec Co's annualized ROE % for the quarter that ended in Dec. 2025 was 41.80%.
The historical rank and industry rank for First Hi-Tec Co's ROE % or its related term are showing as below:
ROCO:5439'
s ROE % Range Over the Past 10 Years
Min: 13.21 Med: 16.56 Max: 42.12
Current: 42.12
During the past 13 years, First Hi-Tec Co's highest ROE % was 42.12%. The lowest was 13.21%. And the median was 16.56%.
ROCO:5439's ROE % is ranked better than 97.69% of 2425
companies
in the Hardware industry
Industry Median: 4.66
vs ROCO:5439: 42.12
First Hi-Tec Co (ROCO:5439) 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.
First Hi-Tec Co ROE % Related Terms
First Hi-Tec Co ROE % Historical Data
* Premium members only.
The historical data trend for First Hi-Tec 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 Electronic Components subindustry, First Hi-Tec 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.
First Hi-Tec Co ROE % vs Hardware Industry
For the Hardware industry and Technology sector, First Hi-Tec Co's ROE % distribution charts can be found below:
* The bar in red indicates where First Hi-Tec 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.
First Hi-Tec Co (ROCO:5439) has a ROE % of 41.80% 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 First Hi-Tec Co and its competitors. This is 152% above median its historical median of 16.56. Over the past decade, First Hi-Tec Co's ROE % has ranged from 13.21 to 42.12. According to the industry distribution chart, First Hi-Tec Co ranks #56 out of 2425 companies in the Hardware industry, placing it in the top 2.3%.
Is First Hi-Tec Co's ROE % too high?
First Hi-Tec Co's current ROE % of 41.80% is 152% above median its 10-year median of 16.56. Over the past 10 years, this metric has ranged from a low of 13.21 to a high of 42.12. The Hardware industry median ROE % is 4.66. First Hi-Tec Co's value of 41.80% is 797% above this industry median. Based on the distribution chart, First Hi-Tec Co ranks #56 out of 2425 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, First Hi-Tec Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Hi-Tec Co's ROE % compare to APH and GLW?
According to the Hardware industry distribution chart, First Hi-Tec Co ranks #56 out of 2425 companies for ROE %. This places First Hi-Tec Co in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 4.66. First Hi-Tec Co's value of 41.80% is 797% above this benchmark. Historically, First Hi-Tec Co's own ROE % has ranged from 13.21 to 42.12 over the past decade. While the company's 10-year median is 16.56 vs. the industry median of 4.66, First Hi-Tec 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 2,425 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. First Hi-Tec Co's current ROE % of 41.80% is 797% 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 First Hi-Tec 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. First Hi-Tec Co's current ROE % is 41.80%, which is 152% above median its own 10-year median of 16.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Hi-Tec Co stock overvalued right now?
Based on GuruFocus' analysis, First Hi-Tec Co (ROCO:5439) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$262.45, compared to a current price of NT$316.50 — trading 20.6% above its estimated fair value. The current ROE % is 41.80%, which is 152% above median its 10-year median of 16.56 and 797% above the Hardware industry median of 4.66. First Hi-Tec Co's overall GF Score™ is 83/100 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 First Hi-Tec Co (ROCO:5439), the current ROE % is 41.80% 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 First Hi-Tec Co (ROCO:5439) Overvalued in 2026?
Based on GuruFocus' analysis, First Hi-Tec Co stock appears to be overvalued.
The current stock price of NT$316.50 is trading 20.6% above its estimated GF Value™ of NT$262.45.
GuruFocus considers First Hi-Tec Co to be Modestly Overvalued.
Key valuation signals for ROCO:5439:
ROE %: 41.80% (152% above median its 10-year median of 16.56)
GF Value™: NT$262.45 vs. price of NT$316.50 (20.6% above fair value)
Industry Position: 797% above the Hardware median (#56 of 2425)
No single metric tells the full story. See the ROCO:5439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Hi-Tec Co Ltd main business is manufacture and sales of PCB and computer peripherals, etc. The Company is engaged in production and sales of electronic equipment and wholesale of components, etc. The group is only engaged in manufacturing and trading of PCB and computer peripherals, which belong to a single industry, the operating segments and reportable segments are single segment. The company has presence in Taiwan, Asia, and Others. The company generates majority of revenue from Taiwan. The company's products are Automotive, Semiconductor and others, Power Control Modules Robot, Telecom, Layer Counts, Application Type, Capability, and Roadmap.
83GF Score
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