Golden Insurance Brokers Co (ROCO:6028) ROE %: 28.16% (As of Dec. 2025) — 19% Above Median


ROCO:6028 Golden Insurance Brokers Co Ltd ROCO:6028
84 GF Score
Price NT$78.70
GF Value NT$136.80
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Golden Insurance Brokers Co ROE %?

Golden Insurance Brokers Co ROCO:6028 -0.25% 84 ROE % is 28.16% as of Dec. 2025, which is 19% above its 10-year median of 23.75. GuruFocus rates ROCO:6028 with a GF Score™ of 84/100 and a GF Value™ of NT$136.80 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 505 Insurance companies, Golden Insurance Brokers Co ranks better than 59.21% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Golden Insurance Brokers Co's annualized net income for the quarter that ended in Dec. 2025 was NT$176 Mil. Golden Insurance Brokers Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$626 Mil. Therefore, Golden Insurance Brokers Co's annualized ROE % for the quarter that ended in Dec. 2025 was 28.16%.

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

ROCO:6028' s ROE % Range Over the Past 10 Years
Min: 13.57   Med: 23.75   Max: 42.58
Current: 13.57

During the past 12 years, Golden Insurance Brokers Co's highest ROE % was 42.58%. The lowest was 13.57%. And the median was 23.75%.

ROCO:6028's ROE % is ranked better than
59.21% of 505 companies
in the Insurance industry
Industry Median: 11.66 vs ROCO:6028: 13.57

Golden Insurance Brokers Co  (ROCO:6028) 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
=176.368/626.233
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(176.368 / 4734.868)*(4734.868 / 1503.903)*(1503.903 / 626.233)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.72 %*3.1484*2.4015
=ROA %*Equity Multiplier
=11.71 %*2.4015
=28.16 %

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
=176.368/626.233
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (176.368 / 221.412) * (221.412 / 217.368) * (217.368 / 4734.868) * (4734.868 / 1503.903) * (1503.903 / 626.233)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7966 * 1.0186 * 4.59 % * 3.1484 * 2.4015
=28.16 %

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.


Golden Insurance Brokers Co ROE % Related Terms


Golden Insurance Brokers Co ROE % Historical Data

* Premium members only.

The historical data trend for Golden Insurance Brokers 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.

Golden Insurance Brokers Co ROE % Chart

Golden Insurance Brokers 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 18.98 15.10 26.08 42.58 26.93

Golden Insurance Brokers Co Quarterly Data
Jun18 Sep18 Dec18 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Sep24 Dec24 Jun25 Sep25 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 56.60 25.58 0.00 26.75 28.16

ROCO:6028 vs MRSH, AON, AJG: ROE % Comparison

For the Insurance Brokers subindustry, Golden Insurance Brokers 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.


Golden Insurance Brokers Co ROE % vs Insurance Industry

For the Insurance industry and Financial Services sector, Golden Insurance Brokers Co's ROE % distribution charts can be found below:

* The bar in red indicates where Golden Insurance Brokers Co's ROE % falls into.


ROCO:6028
84GF Score
Golden Insurance Brokers Co Ltd ROCO:6028
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golden Insurance Brokers Co ROE % Calculation

Golden Insurance Brokers 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 )
=172.842/( (635.437+648.279)/ 2 )
=172.842/641.858
=26.93 %

Golden Insurance Brokers 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: Sep. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=176.368/( (604.187+648.279)/ 2 )
=176.368/626.233
=28.16 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 28.16% mean?
Golden Insurance Brokers Co (ROCO:6028) has a ROE % of 28.16% 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 Golden Insurance Brokers Co and its competitors. This is 19% above median its historical median of 23.75. Over the past decade, Golden Insurance Brokers Co's ROE % has ranged from 13.57 to 42.58. According to the industry distribution chart, Golden Insurance Brokers Co ranks #206 out of 505 companies in the Insurance industry, placing it in the top 40.8%.
Is Golden Insurance Brokers Co's ROE % too high?
Golden Insurance Brokers Co's current ROE % of 28.16% is 19% above median its 10-year median of 23.75. Over the past 10 years, this metric has ranged from a low of 13.57 to a high of 42.58. The Insurance industry median ROE % is 11.66. Golden Insurance Brokers Co's value of 28.16% is 141.5% above this industry median. Based on the distribution chart, Golden Insurance Brokers Co ranks #206 out of 505 companies in the Insurance industry, which is above the industry midpoint. Overall, Golden Insurance Brokers Co has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Golden Insurance Brokers Co's ROE % compare to MRSH and AON?
According to the Insurance industry distribution chart, Golden Insurance Brokers Co ranks #206 out of 505 companies for ROE %. This puts Golden Insurance Brokers Co in the upper half of its industry. The industry median ROE % is 11.66. Golden Insurance Brokers Co's value of 28.16% is 141.5% above this benchmark. Historically, Golden Insurance Brokers Co's own ROE % has ranged from 13.57 to 42.58 over the past decade. While the company's 10-year median is 23.75 vs. the industry median of 11.66, Golden Insurance Brokers 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 an Insurance company?
The median ROE % among Insurance companies is 11.66, based on 505 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. Golden Insurance Brokers Co's current ROE % of 28.16% is 141.5% 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 Golden Insurance Brokers Co and its competitors. For the Insurance industry, the median ROE % is 11.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Insurance Brokers Co's current ROE % is 28.16%, which is 19% above median its own 10-year median of 23.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Insurance Brokers Co stock overvalued right now?
Based on GuruFocus' analysis, Golden Insurance Brokers Co (ROCO:6028) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$136.80, compared to a current price of NT$78.70 — trading 42.5% below its estimated fair value. The current ROE % is 28.16%, which is 19% above median its 10-year median of 23.75 and 141.5% above the Insurance industry median of 11.66. Golden Insurance Brokers Co's overall GF Score™ is 84/100 with 3 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 Golden Insurance Brokers Co (ROCO:6028), the current ROE % is 28.16% 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 Golden Insurance Brokers Co (ROCO:6028) Overvalued in 2026?

Based on GuruFocus' analysis, Golden Insurance Brokers Co stock appears to be undervalued. The current stock price of NT$78.70 is trading 42.5% below its estimated GF Value™ of NT$136.80. GuruFocus considers Golden Insurance Brokers Co to be Significantly Undervalued.

Key valuation signals for ROCO:6028:

  • ROE %: 28.16% (19% above median its 10-year median of 23.75)
  • GF Value™: NT$136.80 vs. price of NT$78.70 (42.5% below fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 141.5% above the Insurance median (#206 of 505)

No single metric tells the full story. See the ROCO:6028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Golden Insurance Brokers Co Business Description

Address Dashun 1st Road, Zuoying District, Room. 4, 4th Floor, Number 93, Kaohsiung, TWN, 813
Golden Insurance Brokers Co Ltd is an Insurance Broker based in Taiwan. The company is involved in providing Life Insurance, Medical Insurance, Savings Insurance and Investment Insurance among others.
84GF Score

Get the complete analysis for ROCO:6028

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

NT$78.70
Price
NT$136.80
GF Value