Carnival Industrial (TPE:1417) ROE %: 14.20% (As of Dec. 2025)


TPE:1417 Carnival Industrial Corp TPE:1417
57 GF Score
Price NT$8.35
GF Value NT$3.65
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Carnival Industrial ROE %?

Carnival Industrial TPE:1417 -0.83% 57 ROE % is 14.20% as of Dec. 2025. GuruFocus rates TPE:1417 with a GF Score™ of 57/100 and a GF Value™ of NT$3.65 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,092 Retail - Cyclical companies, Carnival Industrial ranks worse than 57.14% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Carnival Industrial's annualized net income for the quarter that ended in Dec. 2025 was NT$333.5 Mil. Carnival Industrial's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$2,348.3 Mil. Therefore, Carnival Industrial's annualized ROE % for the quarter that ended in Dec. 2025 was 14.20%.

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

TPE:1417' s ROE % Range Over the Past 10 Years
Min: -12.41   Med: -3.36   Max: 10.55
Current: 4.98

During the past 13 years, Carnival Industrial's highest ROE % was 10.55%. The lowest was -12.41%. And the median was -3.36%.

TPE:1417's ROE % is ranked worse than
57.14% of 1092 companies
in the Retail - Cyclical industry
Industry Median: 6.49 vs TPE:1417: 4.98

Carnival Industrial  (TPE:1417) 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
=333.544/2348.2705
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(333.544 / 665.428)*(665.428 / 2823.611)*(2823.611 / 2348.2705)
=Net Margin %*Asset Turnover*Equity Multiplier
=50.12 %*0.2357*1.2024
=ROA %*Equity Multiplier
=11.81 %*1.2024
=14.20 %

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
=333.544/2348.2705
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (333.544 / 392.432) * (392.432 / 112.9) * (112.9 / 665.428) * (665.428 / 2823.611) * (2823.611 / 2348.2705)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8499 * 3.4759 * 16.97 % * 0.2357 * 1.2024
=14.20 %

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.


Carnival Industrial ROE % Related Terms


Carnival Industrial ROE % Historical Data

* Premium members only.

The historical data trend for Carnival 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.

Carnival Industrial ROE % Chart

Carnival Industrial 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 3.73 3.95 -2.50 -6.30 5.03

Carnival Industrial 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 -15.22 -1.79 2.13 5.39 14.20

TPE:1417 vs TJX, ROST, BURL: ROE % Comparison

For the Apparel Retail subindustry, Carnival 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.


Carnival Industrial ROE % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Carnival Industrial's ROE % distribution charts can be found below:

* The bar in red indicates where Carnival Industrial's ROE % falls into.


TPE:1417
57GF Score
Carnival Industrial Corp TPE:1417
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carnival Industrial ROE % Calculation

Carnival Industrial'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 )
=117.245/( (2317.004+2342.234)/ 2 )
=117.245/2329.619
=5.03 %

Carnival Industrial'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 )
=333.544/( (2354.307+2342.234)/ 2 )
=333.544/2348.2705
=14.20 %

* 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 14.20% mean?
Carnival Industrial (TPE:1417) has a ROE % of 14.20% 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 Carnival Industrial and its competitors. According to the industry distribution chart, Carnival Industrial ranks #624 out of 1092 companies in the Retail - Cyclical industry, placing it in the top 57.1%.
Is Carnival Industrial's ROE % too high?
Carnival Industrial's current ROE % is 14.20%. The Retail - Cyclical industry median ROE % is 6.49. Carnival Industrial's value of 14.20% is 118.8% above this industry median. Based on the distribution chart, Carnival Industrial ranks #624 out of 1092 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Carnival Industrial has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carnival Industrial's ROE % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Carnival Industrial ranks #624 out of 1092 companies for ROE %. This places Carnival Industrial in the lower half of its industry. The industry median ROE % is 6.49. Carnival Industrial's value of 14.20% is 118.8% above this benchmark. 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 Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.49, based on 1,092 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. Carnival Industrial's current ROE % of 14.20% is 118.8% 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 Carnival Industrial and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carnival Industrial's current ROE % is 14.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carnival Industrial stock overvalued right now?
Based on GuruFocus' analysis, Carnival Industrial (TPE:1417) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$3.65, compared to a current price of NT$8.35 — trading 128.8% above its estimated fair value. The current ROE % is 14.20% and 118.8% above the Retail - Cyclical industry median of 6.49. Carnival Industrial's overall GF Score™ is 57/100 with 2 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 Carnival Industrial (TPE:1417), the current ROE % is 14.20% 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 Carnival Industrial (TPE:1417) Overvalued in 2026?

Based on GuruFocus' analysis, Carnival Industrial stock appears to be overvalued. The current stock price of NT$8.35 is trading 128.8% above its estimated GF Value™ of NT$3.65. GuruFocus considers Carnival Industrial to be Significantly Overvalued.

Key valuation signals for TPE:1417:

  • ROE %: 14.20%
  • GF Value™: NT$3.65 vs. price of NT$8.35 (128.8% above fair value)
  • GF Score™: 57/100 with 2 warning signs
  • Industry Position: 118.8% above the Retail - Cyclical median (#624 of 1092)

No single metric tells the full story. See the TPE:1417 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carnival Industrial Business Description

Address No. 25, Sector 4, Ren’ai road, 7th Floor, Da’an Dist, Taipei, TWN
Carnival Industrial Corp is a Taiwan-based Apparel manufacturer. It manufactures and trades apparel and group uniforms, men's and women's garments, including trousers, pants, skirts, fancy dresses, jackets, and apparel accessories under the brand name CARNIVAL. The Group operates in a single line of business in apparel sales. The majority of its revenue comes from the Apparel sales department.
57GF Score

Get the complete analysis for TPE:1417

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

NT$8.35
Price
NT$3.65
GF Value