China Glaze Co (TPE:1809) ROE %: 1.79% (As of Dec. 2025) — 64% Above Median


TPE:1809 China Glaze Co Ltd TPE:1809
56 GF Score
Price NT$47.85
GF Value NT$18.57
Valuation Significantly Overvalued
! 3 Warning Signs
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What is China Glaze Co ROE %?

China Glaze Co TPE:1809 -7.80% 56 ROE % is 1.79% as of Dec. 2025, which is 64% above its 10-year median of 1.09. GuruFocus rates TPE:1809 with a GF Score™ of 56/100 and a GF Value™ of NT$18.57 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,743 Construction companies, China Glaze Co ranks worse than 72% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. China Glaze Co's annualized net income for the quarter that ended in Dec. 2025 was NT$52 Mil. China Glaze Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$2,900 Mil. Therefore, China Glaze Co's annualized ROE % for the quarter that ended in Dec. 2025 was 1.79%.

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

TPE:1809' s ROE % Range Over the Past 10 Years
Min: -2.06   Med: 1.09   Max: 3.29
Current: 1.1

During the past 13 years, China Glaze Co's highest ROE % was 3.29%. The lowest was -2.06%. And the median was 1.09%.

TPE:1809's ROE % is ranked worse than
72% of 1743 companies
in the Construction industry
Industry Median: 6.69 vs TPE:1809: 1.10

China Glaze Co  (TPE:1809) 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
=51.976/2899.914
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(51.976 / 2546.916)*(2546.916 / 4480.5325)*(4480.5325 / 2899.914)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.04 %*0.5684*1.5451
=ROA %*Equity Multiplier
=1.16 %*1.5451
=1.79 %

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
=51.976/2899.914
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (51.976 / 100.364) * (100.364 / 33.208) * (33.208 / 2546.916) * (2546.916 / 4480.5325) * (4480.5325 / 2899.914)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.5179 * 3.0223 * 1.3 % * 0.5684 * 1.5451
=1.79 %

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.


China Glaze Co ROE % Related Terms


China Glaze Co ROE % Historical Data

* Premium members only.

The historical data trend for China Glaze 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.

China Glaze Co ROE % Chart

China Glaze 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 1.45 2.15 -0.57 1.88 1.09

China Glaze 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 1.36 1.18 0.83 0.61 1.79

TPE:1809 vs TT, JCI, CARR: ROE % Comparison

For the Building Products & Equipment subindustry, China Glaze 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.


China Glaze Co ROE % vs Construction Industry

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

* The bar in red indicates where China Glaze Co's ROE % falls into.


TPE:1809
56GF Score
China Glaze Co Ltd TPE:1809
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Glaze Co ROE % Calculation

China Glaze 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 )
=32.108/( (2956.291+2929.459)/ 2 )
=32.108/2942.875
=1.09 %

China Glaze 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 )
=51.976/( (2870.369+2929.459)/ 2 )
=51.976/2899.914
=1.79 %

* 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 1.79% mean?
China Glaze Co (TPE:1809) has a ROE % of 1.79% 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 China Glaze Co and its competitors. This is 64% above median its historical median of 1.09. According to the industry distribution chart, China Glaze Co ranks #1255 out of 1743 companies in the Construction industry, placing it in the top 72%.
Is China Glaze Co's ROE % too high?
China Glaze Co's current ROE % of 1.79% is 64% above median its 10-year median of 1.09. The Construction industry median ROE % is 6.69. China Glaze Co's value of 1.79% is 73.2% below this industry median. Based on the distribution chart, China Glaze Co ranks #1255 out of 1743 companies in the Construction industry, which is below the industry midpoint. Overall, China Glaze Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Glaze Co's ROE % compare to TT and JCI?
According to the Construction industry distribution chart, China Glaze Co ranks #1255 out of 1743 companies for ROE %. This places China Glaze Co in the lower half of its industry. The industry median ROE % is 6.69. China Glaze Co's value of 1.79% is 73.2% below this benchmark. While the company's 10-year median is 1.09 vs. the industry median of 6.69, China Glaze Co has consistently been below 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 1,743 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. China Glaze Co's current ROE % of 1.79% is 73.2% below 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 China Glaze 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. China Glaze Co's current ROE % is 1.79%, which is 64% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Glaze Co stock overvalued right now?
Based on GuruFocus' analysis, China Glaze Co (TPE:1809) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$18.57, compared to a current price of NT$47.85 — trading 157.7% above its estimated fair value. The current ROE % is 1.79%, which is 64% above median its 10-year median of 1.09 and 73.2% below the Construction industry median of 6.69. China Glaze Co's overall GF Score™ is 56/100 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 China Glaze Co (TPE:1809), the current ROE % is 1.79% 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 China Glaze Co (TPE:1809) Overvalued in 2026?

Based on GuruFocus' analysis, China Glaze Co stock appears to be overvalued. The current stock price of NT$47.85 is trading 157.7% above its estimated GF Value™ of NT$18.57. GuruFocus considers China Glaze Co to be Significantly Overvalued.

Key valuation signals for TPE:1809:

  • ROE %: 1.79% (64% above median its 10-year median of 1.09)
  • GF Value™: NT$18.57 vs. price of NT$47.85 (157.7% above fair value)
  • GF Score™: 56/100 with 3 warning signs
  • Industry Position: 73.2% below the Construction median (#1255 of 1743)

No single metric tells the full story. See the TPE:1809 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Glaze Co Business Description

Address No. 136, Chung Hsing Road, Section 4, Zhudong Township, Hsinchu, TWN, 31061
China Glaze Co Ltd is engaged in mainly manufacturing and sales of various frit, glaze, pigments, ceramics, crystallized glass, phosphor powder for photoelectric use, and digital textile ink.
56GF Score

Get the complete analysis for TPE:1809

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

NT$47.85
Price
NT$18.57
GF Value