Advanced International Multitech Co (ROCO:8938) ROE %: 20.90% (As of Dec. 2025) — 38% Above Median

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ROCO:8938 Advanced International Multitech Co Ltd ROCO:8938
76 GF Score
Price NT$54.20
GF Value NT$70.04
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Advanced International Multitech Co ROE %?

Advanced International Multitech Co ROCO:8938 -1.45% 76 ROE % is 20.90% as of Dec. 2025, which is 38% above its 10-year median of 15.17. GuruFocus rates ROCO:8938 with a GF Score™ of 76/100 and a GF Value™ of NT$70.04 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 820 Travel & Leisure companies, Advanced International Multitech Co ranks better than 70.61% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Advanced International Multitech Co's annualized net income for the quarter that ended in Dec. 2025 was NT$1,617 Mil. Advanced International Multitech Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$7,738 Mil. Therefore, Advanced International Multitech Co's annualized ROE % for the quarter that ended in Dec. 2025 was 20.90%.

The historical rank and industry rank for Advanced International Multitech Co's ROE % or its related term are showing as below:

ROCO:8938' s ROE % Range Over the Past 10 Years
Min: 1.05   Med: 15.17   Max: 36.87
Current: 12.53

During the past 13 years, Advanced International Multitech Co's highest ROE % was 36.87%. The lowest was 1.05%. And the median was 15.17%.

ROCO:8938's ROE % is ranked better than
70.61% of 820 companies
in the Travel & Leisure industry
Industry Median: 5.485 vs ROCO:8938: 12.53

Advanced International Multitech Co  (ROCO:8938) 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
=1617.42/7738.3065
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1617.42 / 18886.288)*(18886.288 / 14331.358)*(14331.358 / 7738.3065)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.56 %*1.3178*1.852
=ROA %*Equity Multiplier
=11.28 %*1.852
=20.90 %

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
=1617.42/7738.3065
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1617.42 / 2074.528) * (2074.528 / 1699.596) * (1699.596 / 18886.288) * (18886.288 / 14331.358) * (14331.358 / 7738.3065)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7797 * 1.2206 * 9 % * 1.3178 * 1.852
=20.90 %

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.


Advanced International Multitech Co ROE % Related Terms


Advanced International Multitech Co ROE % Historical Data

* Premium members only.

The historical data trend for Advanced International Multitech 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.

Advanced International Multitech Co ROE % Chart

Advanced International Multitech 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 28.02 36.87 1.05 15.16 12.20

Advanced International Multitech Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 21.09 34.72 -17.74 11.60 20.90

ROCO:8938 vs AS, HAS, LTH: ROE % Comparison

For the Leisure subindustry, Advanced International Multitech 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.


Advanced International Multitech Co ROE % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Advanced International Multitech Co's ROE % distribution charts can be found below:

* The bar in red indicates where Advanced International Multitech Co's ROE % falls into.


ROCO:8938
76GF Score
Advanced International Multitech Co Ltd ROCO:8938
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Advanced International Multitech Co ROE % Calculation

Advanced International Multitech 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 )
=949.453/( (7567.989+8000.934)/ 2 )
=949.453/7784.4615
=12.20 %

Advanced International Multitech 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 )
=1617.42/( (7475.679+8000.934)/ 2 )
=1617.42/7738.3065
=20.90 %

* 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 20.90% mean?
Advanced International Multitech Co (ROCO:8938) has a ROE % of 20.90% 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 Advanced International Multitech Co and its competitors. This is 38% above median its historical median of 15.17. Over the past decade, Advanced International Multitech Co's ROE % has ranged from 1.05 to 36.87. According to the industry distribution chart, Advanced International Multitech Co ranks #241 out of 820 companies in the Travel & Leisure industry, placing it in the top 29.4%.
Is Advanced International Multitech Co's ROE % too high?
Advanced International Multitech Co's current ROE % of 20.90% is 38% above median its 10-year median of 15.17. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 36.87. The Travel & Leisure industry median ROE % is 5.49. Advanced International Multitech Co's value of 20.90% is 281% above this industry median. Based on the distribution chart, Advanced International Multitech Co ranks #241 out of 820 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Advanced International Multitech Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Advanced International Multitech Co's ROE % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Advanced International Multitech Co ranks #241 out of 820 companies for ROE %. This puts Advanced International Multitech Co in the upper half of its industry. The industry median ROE % is 5.49. Advanced International Multitech Co's value of 20.90% is 281% above this benchmark. Historically, Advanced International Multitech Co's own ROE % has ranged from 1.05 to 36.87 over the past decade. While the company's 10-year median is 15.17 vs. the industry median of 5.49, Advanced International Multitech 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 Travel & Leisure company?
The median ROE % among Travel & Leisure companies is 5.49, based on 820 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. Advanced International Multitech Co's current ROE % of 20.90% is 281% 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 Advanced International Multitech Co and its competitors. For the Travel & Leisure industry, the median ROE % is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advanced International Multitech Co's current ROE % is 20.90%, which is 38% above median its own 10-year median of 15.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced International Multitech Co stock overvalued right now?
Based on GuruFocus' analysis, Advanced International Multitech Co (ROCO:8938) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$70.04, compared to a current price of NT$54.20 — trading 22.6% below its estimated fair value. The current ROE % is 20.90%, which is 38% above median its 10-year median of 15.17 and 281% above the Travel & Leisure industry median of 5.49. Advanced International Multitech Co's overall GF Score™ is 76/100 with 6 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 Advanced International Multitech Co (ROCO:8938), the current ROE % is 20.90% 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 Advanced International Multitech Co (ROCO:8938) Overvalued in 2026?

Based on GuruFocus' analysis, Advanced International Multitech Co stock appears to be undervalued. The current stock price of NT$54.20 is trading 22.6% below its estimated GF Value™ of NT$70.04. GuruFocus considers Advanced International Multitech Co to be Modestly Undervalued.

Key valuation signals for ROCO:8938:

  • ROE %: 20.90% (38% above median its 10-year median of 15.17)
  • GF Value™: NT$70.04 vs. price of NT$54.20 (22.6% below fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 281% above the Travel & Leisure median (#241 of 820)

No single metric tells the full story. See the ROCO:8938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Advanced International Multitech Co Business Description

Address No.24 & 26, Chung Lin Road, Chung Lin Factory 1 / Chung Lin Factory 2, Lin Hai Industrial District, Xiaogang District, Kaohsiung City, TWN, 812
Advanced International Multitech Co Ltd is a Taiwan-based company. Along with its subsidiaries, the firm is engaged in the manufacturing, processing, trading, import, and export of carbon fiber prepackaged materials, and carbon fiber products, golf balls, composites, and bicycle parts. The product portfolio of the company includes golf club heads, graphite shafts, golf club sets, golf balls, putters, and carbon fiber components for bicycles, such as forks, frames, aviation products, and composite materials. It also manufactures carbon fiber bicycles, and others. Geographically, the company generates a majority of its revenue from the Americas followed by Asia and other regions.
76GF Score

Get the complete analysis for ROCO:8938

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

NT$54.20
Price
NT$70.04
GF Value