Triocean Industrial Co (TPE:1472) ROE %: 12.10% (As of Dec. 2025) — 156% Above Median


TPE:1472 Triocean Industrial Corp Co Ltd TPE:1472
80 GF Score
Price NT$88.00
GF Value NT$77.96
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Triocean Industrial Co ROE %?

Triocean Industrial Co TPE:1472 +0.11% 80 ROE % is 12.10% as of Dec. 2025, which is 156% above its 10-year median of 4.72. GuruFocus rates TPE:1472 with a GF Score™ of 80/100 and a GF Value™ of NT$77.96 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,742 Construction companies, Triocean Industrial Co ranks better than 77.96% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Triocean Industrial Co's annualized net income for the quarter that ended in Dec. 2025 was NT$273 Mil. Triocean Industrial Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$2,259 Mil. Therefore, Triocean Industrial Co's annualized ROE % for the quarter that ended in Dec. 2025 was 12.10%.

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

TPE:1472' s ROE % Range Over the Past 10 Years
Min: -116.12   Med: 4.72   Max: 17.1
Current: 15.44

During the past 13 years, Triocean Industrial Co's highest ROE % was 17.10%. The lowest was -116.12%. And the median was 4.72%.

TPE:1472's ROE % is ranked better than
77.96% of 1742 companies
in the Construction industry
Industry Median: 6.69 vs TPE:1472: 15.44

Triocean Industrial Co  (TPE:1472) 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
=273.292/2259.274
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(273.292 / 3661.272)*(3661.272 / 5391.002)*(5391.002 / 2259.274)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.46 %*0.6791*2.3862
=ROA %*Equity Multiplier
=5.07 %*2.3862
=12.10 %

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
=273.292/2259.274
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (273.292 / 309.612) * (309.612 / 261.416) * (261.416 / 3661.272) * (3661.272 / 5391.002) * (5391.002 / 2259.274)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8827 * 1.1844 * 7.14 % * 0.6791 * 2.3862
=12.10 %

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.


Triocean Industrial Co ROE % Related Terms


Triocean Industrial Co ROE % Historical Data

* Premium members only.

The historical data trend for Triocean Industrial 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.

Triocean Industrial Co ROE % Chart

Triocean Industrial 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 -5.31 0.48 12.91 8.96 15.53

Triocean Industrial 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 14.16 17.51 16.69 15.56 12.10

TPE:1472 vs PWR, FIX, EME: ROE % Comparison

For the Engineering & Construction subindustry, Triocean Industrial 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.


Triocean Industrial Co ROE % vs Construction Industry

For the Construction industry and Industrials sector, Triocean Industrial Co's ROE % distribution charts can be found below:

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


TPE:1472
80GF Score
Triocean Industrial Corp Co Ltd TPE:1472
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Triocean Industrial Co ROE % Calculation

Triocean Industrial 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 )
=335.975/( (2029.719+2298.05)/ 2 )
=335.975/2163.8845
=15.53 %

Triocean Industrial 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 )
=273.292/( (2220.498+2298.05)/ 2 )
=273.292/2259.274
=12.10 %

* 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 12.10% mean?
Triocean Industrial Co (TPE:1472) has a ROE % of 12.10% 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 Triocean Industrial Co and its competitors. This is 156% above median its historical median of 4.72. According to the industry distribution chart, Triocean Industrial Co ranks #384 out of 1742 companies in the Construction industry, placing it in the top 22%.
Is Triocean Industrial Co's ROE % too high?
Triocean Industrial Co's current ROE % of 12.10% is 156% above median its 10-year median of 4.72. The Construction industry median ROE % is 6.69. Triocean Industrial Co's value of 12.10% is 80.9% above this industry median. Based on the distribution chart, Triocean Industrial Co ranks #384 out of 1742 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Triocean Industrial Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Triocean Industrial Co's ROE % compare to PWR and FIX?
According to the Construction industry distribution chart, Triocean Industrial Co ranks #384 out of 1742 companies for ROE %. This places Triocean Industrial Co in the top 22% of its industry — outperforming the majority of peers. The industry median ROE % is 6.69. Triocean Industrial Co's value of 12.10% is 80.9% above this benchmark. While the company's 10-year median is 4.72 vs. the industry median of 6.69, Triocean Industrial 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 Construction company?
The median ROE % among Construction companies is 6.69, based on 1,742 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. Triocean Industrial Co's current ROE % of 12.10% is 80.9% 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 Triocean Industrial Co and its competitors. For the Construction industry, the median ROE % is 6.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Triocean Industrial Co's current ROE % is 12.10%, which is 156% above median its own 10-year median of 4.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triocean Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Triocean Industrial Co (TPE:1472) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$77.96, compared to a current price of NT$88.00 — trading 12.9% above its estimated fair value. The current ROE % is 12.10%, which is 156% above median its 10-year median of 4.72 and 80.9% above the Construction industry median of 6.69. Triocean Industrial Co's overall GF Score™ is 80/100 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 Triocean Industrial Co (TPE:1472), the current ROE % is 12.10% 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 Triocean Industrial Co (TPE:1472) Overvalued in 2026?

Based on GuruFocus' analysis, Triocean Industrial Co stock appears to be overvalued. The current stock price of NT$88.00 is trading 12.9% above its estimated GF Value™ of NT$77.96. GuruFocus considers Triocean Industrial Co to be Modestly Overvalued.

Key valuation signals for TPE:1472:

  • ROE %: 12.10% (156% above median its 10-year median of 4.72)
  • GF Value™: NT$77.96 vs. price of NT$88.00 (12.9% above fair value)
  • GF Score™: 80/100 with 2 warning signs
  • Industry Position: 80.9% above the Construction median (#384 of 1742)

No single metric tells the full story. See the TPE:1472 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Triocean Industrial Co Business Description

Address No. 360, Jiabao Road, 3rd Floor, Dashe District, Kaohsiung, TWN, 815006
Triocean Industrial Corp Co Ltd is engaged in the construction business. The company's business includes contracting repair/renovation projects, undertaking construction such as land preparation, infrastructure, installation of construction equipment, and construction, reconstruction, and repair of civil engineering projects. It mainly undertakes private residential projects, and cooperates with its subsidiary, to execute public engineering projects focusing on water and electrical works.
80GF Score

Get the complete analysis for TPE:1472

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

NT$88.00
Price
NT$77.96
GF Value