Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Mustang IndustrialROCO:5460 -0.30%61 ROE % is 0.79% as of Dec. 2025, which is 19% below its 10-year median of 0.98. GuruFocus rates ROCO:5460 with a GF Score™ of 61/100 and a GF Value™ of NT$9.63 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 3,001 Industrial Products companies, Mustang Industrial ranks worse than 77.31% on this metric.
The historical rank and industry rank for Mustang Industrial's ROE % or its related term are showing as below:
ROCO:5460'
s ROE % Range Over the Past 10 Years
Min: -2.71 Med: 0.98 Max: 5.71
Current: -1.42
During the past 13 years, Mustang Industrial's highest ROE % was 5.71%. The lowest was -2.71%. And the median was 0.98%.
ROCO:5460's ROE % is ranked worse than 77.31% of 3001
companies
in the Industrial Products industry
Industry Median: 5.86
vs ROCO:5460: -1.42
Mustang Industrial (ROCO:5460) 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.
Mustang Industrial ROE % Related Terms
Mustang Industrial ROE % Historical Data
* Premium members only.
The historical data trend for Mustang Industrial'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 Metal Fabrication subindustry, Mustang Industrial'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.
Mustang Industrial ROE % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mustang Industrial's ROE % distribution charts can be found below:
* The bar in red indicates where Mustang Industrial'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.
Mustang Industrial (ROCO:5460) has a ROE % of 0.79% 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 Mustang Industrial and its competitors. This is 19% below median its historical median of 0.98. According to the industry distribution chart, Mustang Industrial ranks #2320 out of 3001 companies in the Industrial Products industry, placing it in the top 77.3%.
Is Mustang Industrial's ROE % too high?
Mustang Industrial's current ROE % of 0.79% is 19% below median its 10-year median of 0.98. The Industrial Products industry median ROE % is 5.86. Mustang Industrial's value of 0.79% is 86.5% below this industry median. Based on the distribution chart, Mustang Industrial ranks #2320 out of 3001 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Mustang Industrial has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustang Industrial's ROE % compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Mustang Industrial ranks #2320 out of 3001 companies for ROE %. This places Mustang Industrial in the lower half of its industry. The industry median ROE % is 5.86. Mustang Industrial's value of 0.79% is 86.5% below this benchmark. While the company's 10-year median is 0.98 vs. the industry median of 5.86, Mustang Industrial 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 an Industrial Products company?
The median ROE % among Industrial Products companies is 5.86, based on 3,001 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. Mustang Industrial's current ROE % of 0.79% is 86.5% 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 Mustang Industrial and its competitors. For the Industrial Products industry, the median ROE % is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mustang Industrial's current ROE % is 0.79%, which is 19% below median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustang Industrial stock overvalued right now?
Based on GuruFocus' analysis, Mustang Industrial (ROCO:5460) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$9.63, compared to a current price of NT$16.60 — trading 72.4% above its estimated fair value. The current ROE % is 0.79%, which is 19% below median its 10-year median of 0.98 and 86.5% below the Industrial Products industry median of 5.86. Mustang Industrial's overall GF Score™ is 61/100 with 1 warning sign 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 Mustang Industrial (ROCO:5460), the current ROE % is 0.79% 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 Mustang Industrial (ROCO:5460) Overvalued in 2026?
Based on GuruFocus' analysis, Mustang Industrial stock appears to be overvalued.
The current stock price of NT$16.60 is trading 72.4% above its estimated GF Value™ of NT$9.63.
GuruFocus considers Mustang Industrial to be Significantly Overvalued.
Key valuation signals for ROCO:5460:
ROE %: 0.79% (19% below median its 10-year median of 0.98)
GF Value™: NT$9.63 vs. price of NT$16.60 (72.4% above fair value)
Industry Position: 86.5% below the Industrial Products median (#2320 of 3001)
No single metric tells the full story. See the ROCO:5460 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mustang Industrial Corp is engaged in the manufacture and distribution of metal stamping components in Taiwan. Its products include shielding frames and metal covers, brackets, chassis, antenna springs, and shielding cans, among others.
61GF Score
Get the complete analysis for ROCO:5460
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:5460 has been successfully added to your 
