The historical rank and industry rank for Headway Advanced Material Co's ROE % or its related term are showing as below:
TPE:1776'
s ROE % Range Over the Past 10 Years
Min: -3.15 Med: 4.88 Max: 14.02
Current: 1.9
During the past 13 years, Headway Advanced Material Co's highest ROE % was 14.02%. The lowest was -3.15%. And the median was 4.88%.
TPE:1776's ROE % is ranked worse than 66.48% of 1581
companies
in the Chemicals industry
Industry Median: 5.21
vs TPE:1776: 1.90
Headway Advanced Material Co (TPE:1776) 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.
Headway Advanced Material Co ROE % Related Terms
Headway Advanced Material Co ROE % Historical Data
* 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 Chemicals subindustry, Headway Advanced Material 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.
Headway Advanced Material Co ROE % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Headway Advanced Material Co's ROE % distribution charts can be found below:
* The bar in red indicates where Headway Advanced Material Co'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.
Headway Advanced Material Co (TPE:1776) has a ROE % of 6.52% 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 Headway Advanced Material Co and its competitors. This is 34% above median its historical median of 4.88. According to the industry distribution chart, Headway Advanced Material Co ranks #1051 out of 1581 companies in the Chemicals industry, placing it in the top 66.5%.
Is Headway Advanced Material Co's ROE % too high?
Headway Advanced Material Co's current ROE % of 6.52% is 34% above median its 10-year median of 4.88. The Chemicals industry median ROE % is 5.21. Headway Advanced Material Co's value of 6.52% is 25.1% above this industry median. Based on the distribution chart, Headway Advanced Material Co ranks #1051 out of 1581 companies in the Chemicals industry, which is below the industry midpoint. Overall, Headway Advanced Material Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Headway Advanced Material Co's ROE % compare to DOW?
According to the Chemicals industry distribution chart, Headway Advanced Material Co ranks #1051 out of 1581 companies for ROE %. This places Headway Advanced Material Co in the lower half of its industry. The industry median ROE % is 5.21. Headway Advanced Material Co's value of 6.52% is 25.1% above this benchmark. While the company's 10-year median is 4.88 vs. the industry median of 5.21, Headway Advanced Material 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 Chemicals company?
The median ROE % among Chemicals companies is 5.21, based on 1,581 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. Headway Advanced Material Co's current ROE % of 6.52% is 25.1% 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 Headway Advanced Material Co and its competitors. For the Chemicals industry, the median ROE % is 5.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Headway Advanced Material Co's current ROE % is 6.52%, which is 34% above median its own 10-year median of 4.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Headway Advanced Material Co stock overvalued right now?
Based on GuruFocus' analysis, Headway Advanced Material Co (TPE:1776) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$15.69, compared to a current price of NT$19.85 — trading 26.5% above its estimated fair value. The current ROE % is 6.52%, which is 34% above median its 10-year median of 4.88 and 25.1% above the Chemicals industry median of 5.21. Headway Advanced Material Co's overall GF Score™ is 70/100 with 10 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 Headway Advanced Material Co (TPE:1776), the current ROE % is 6.52% 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 Headway Advanced Material Co (TPE:1776) Overvalued in 2026?
Based on GuruFocus' analysis, Headway Advanced Material Co stock appears to be overvalued.
The current stock price of NT$19.85 is trading 26.5% above its estimated GF Value™ of NT$15.69.
GuruFocus considers Headway Advanced Material Co to be Modestly Overvalued.
Key valuation signals for TPE:1776:
ROE %: 6.52% (34% above median its 10-year median of 4.88)
GF Value™: NT$15.69 vs. price of NT$19.85 (26.5% above fair value)
Industry Position: 25.1% above the Chemicals median (#1051 of 1581)
No single metric tells the full story. See the TPE:1776 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Headway Advanced Material Co Ltd is engaged in business including the manufacture, processing, and sale of polyurethane curing agents, processing agents, coatings, resins for coatings, adhesives, flatting agents, and related raw materials. Geographically, the company generates revenue from Taiwan, Mainland China, and Vietnam, out of which the majority of revenue is generated from Taiwan. The company generates the majority of its revenue from the sale of PU resin.
70GF Score
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