The historical rank and industry rank for Mayer Steel Pipe's ROE % or its related term are showing as below:
TPE:2020'
s ROE % Range Over the Past 10 Years
Min: 7.81 Med: 13.01 Max: 29.38
Current: 12.72
During the past 13 years, Mayer Steel Pipe's highest ROE % was 29.38%. The lowest was 7.81%. And the median was 13.01%.
TPE:2020's ROE % is ranked better than 84.41% of 622
companies
in the Steel industry
Industry Median: 3.69
vs TPE:2020: 12.72
Mayer Steel Pipe (TPE:2020) 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.
Mayer Steel Pipe ROE % Related Terms
Mayer Steel Pipe ROE % Historical Data
* Premium members only.
The historical data trend for Mayer Steel Pipe'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.
For the Steel subindustry, Mayer Steel Pipe'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.
Mayer Steel Pipe ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Mayer Steel Pipe's ROE % distribution charts can be found below:
* The bar in red indicates where Mayer Steel Pipe'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.
Mayer Steel Pipe (TPE:2020) has a ROE % of 11.36% 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 Mayer Steel Pipe and its competitors. This is 13% below median its historical median of 13.01. Over the past decade, Mayer Steel Pipe's ROE % has ranged from 7.81 to 29.38. According to the industry distribution chart, Mayer Steel Pipe ranks #97 out of 622 companies in the Steel industry, placing it in the top 15.6%.
Is Mayer Steel Pipe's ROE % too high?
Mayer Steel Pipe's current ROE % of 11.36% is 13% below median its 10-year median of 13.01. Over the past 10 years, this metric has ranged from a low of 7.81 to a high of 29.38. The Steel industry median ROE % is 3.69. Mayer Steel Pipe's value of 11.36% is 207.9% above this industry median. Based on the distribution chart, Mayer Steel Pipe ranks #97 out of 622 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mayer Steel Pipe has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mayer Steel Pipe's ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Mayer Steel Pipe ranks #97 out of 622 companies for ROE %. This places Mayer Steel Pipe in the top 16% of its industry — outperforming the majority of peers. The industry median ROE % is 3.69. Mayer Steel Pipe's value of 11.36% is 207.9% above this benchmark. Historically, Mayer Steel Pipe's own ROE % has ranged from 7.81 to 29.38 over the past decade. While the company's 10-year median is 13.01 vs. the industry median of 3.69, Mayer Steel Pipe 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 Steel company?
The median ROE % among Steel companies is 3.69, based on 622 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. Mayer Steel Pipe's current ROE % of 11.36% is 207.9% 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 Mayer Steel Pipe and its competitors. For the Steel industry, the median ROE % is 3.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayer Steel Pipe's current ROE % is 11.36%, which is 13% below median its own 10-year median of 13.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayer Steel Pipe stock overvalued right now?
Based on GuruFocus' analysis, Mayer Steel Pipe (TPE:2020) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.99, compared to a current price of NT$21.45 — trading 2.2% above its estimated fair value. The current ROE % is 11.36%, which is 13% below median its 10-year median of 13.01 and 207.9% above the Steel industry median of 3.69. Mayer Steel Pipe's overall GF Score™ is 75/100 with 5 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 Mayer Steel Pipe (TPE:2020), the current ROE % is 11.36% 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 Mayer Steel Pipe (TPE:2020) Overvalued in 2026?
Based on GuruFocus' analysis, Mayer Steel Pipe stock appears to be overvalued.
The current stock price of NT$21.45 is trading 2.2% above its estimated GF Value™ of NT$20.99.
GuruFocus considers Mayer Steel Pipe to be Fairly Valued.
Key valuation signals for TPE:2020:
ROE %: 11.36% (13% below median its 10-year median of 13.01)
GF Value™: NT$20.99 vs. price of NT$21.45 (2.2% above fair value)
Industry Position: 207.9% above the Steel median (#97 of 622)
No single metric tells the full story. See the TPE:2020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayer Steel Pipe Corp operates as a steel pipe manufacturer in Taiwan. The primary business of the company and its entities is engaged in the production and sales of black steel pipes, galvanized steel pipes and stainless-steel coils for pipes. The company's reportable segments are the Steel Segment, Real Estate Investment Segment, Investment Segment, and Hotel Services Segment. The majority of revenue is derived from the Steel department, which focuses on the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for Pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.
75GF Score
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