KYE Systems (TPE:2365) ROE %: 2.85% (As of Dec. 2025) — 20% Above Median


TPE:2365 KYE Systems Corp TPE:2365
75 GF Score
Price NT$34.20
GF Value NT$35.42
Valuation Fairly Valued
! 3 Warning Signs
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What is KYE Systems ROE %?

KYE Systems TPE:2365 -2.43% 75 ROE % is 2.85% as of Dec. 2025, which is 20% above its 10-year median of 2.38. GuruFocus rates TPE:2365 with a GF Score™ of 75/100 and a GF Value™ of NT$35.42 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,422 Hardware companies, KYE Systems ranks worse than 59.66% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. KYE Systems's annualized net income for the quarter that ended in Dec. 2025 was NT$85.9 Mil. KYE Systems's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$3,015.0 Mil. Therefore, KYE Systems's annualized ROE % for the quarter that ended in Dec. 2025 was 2.85%.

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

TPE:2365' s ROE % Range Over the Past 10 Years
Min: -7.68   Med: 2.38   Max: 4.76
Current: 2.34

During the past 13 years, KYE Systems's highest ROE % was 4.76%. The lowest was -7.68%. And the median was 2.38%.

TPE:2365's ROE % is ranked worse than
59.66% of 2422 companies
in the Hardware industry
Industry Median: 4.66 vs TPE:2365: 2.34

KYE Systems  (TPE:2365) 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
=85.916/3014.9755
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(85.916 / 979.424)*(979.424 / 3491.5485)*(3491.5485 / 3014.9755)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.77 %*0.2805*1.1581
=ROA %*Equity Multiplier
=2.46 %*1.1581
=2.85 %

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
=85.916/3014.9755
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (85.916 / 112.792) * (112.792 / 38.448) * (38.448 / 979.424) * (979.424 / 3491.5485) * (3491.5485 / 3014.9755)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7617 * 2.9336 * 3.93 % * 0.2805 * 1.1581
=2.85 %

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.


KYE Systems ROE % Related Terms


KYE Systems ROE % Historical Data

* Premium members only.

The historical data trend for KYE Systems'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.

KYE Systems ROE % Chart

KYE Systems 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 1.72 1.86 2.44 4.69 2.31

KYE Systems 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 2.69 2.05 -1.29 5.87 2.85

TPE:2365 vs SNDK, DELL, STX: ROE % Comparison

For the Computer Hardware subindustry, KYE Systems'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.


KYE Systems ROE % vs Hardware Industry

For the Hardware industry and Technology sector, KYE Systems's ROE % distribution charts can be found below:

* The bar in red indicates where KYE Systems's ROE % falls into.


TPE:2365
75GF Score
KYE Systems Corp TPE:2365
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KYE Systems ROE % Calculation

KYE Systems'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 )
=70.983/( (3097.272+3049.919)/ 2 )
=70.983/3073.5955
=2.31 %

KYE Systems'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 )
=85.916/( (2980.032+3049.919)/ 2 )
=85.916/3014.9755
=2.85 %

* 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 2.85% mean?
KYE Systems (TPE:2365) has a ROE % of 2.85% 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 KYE Systems and its competitors. This is 20% above median its historical median of 2.38. According to the industry distribution chart, KYE Systems ranks #1445 out of 2422 companies in the Hardware industry, placing it in the top 59.7%.
Is KYE Systems' ROE % too high?
KYE Systems' current ROE % of 2.85% is 20% above median its 10-year median of 2.38. The Hardware industry median ROE % is 4.66. KYE Systems' value of 2.85% is 38.8% below this industry median. Based on the distribution chart, KYE Systems ranks #1445 out of 2422 companies in the Hardware industry, which is below the industry midpoint. Overall, KYE Systems has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KYE Systems' ROE % compare to SNDK and DELL?
According to the Hardware industry distribution chart, KYE Systems ranks #1445 out of 2422 companies for ROE %. This places KYE Systems in the lower half of its industry. The industry median ROE % is 4.66. KYE Systems' value of 2.85% is 38.8% below this benchmark. While the company's 10-year median is 2.38 vs. the industry median of 4.66, KYE Systems 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 Hardware company?
The median ROE % among Hardware companies is 4.66, based on 2,422 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. KYE Systems's current ROE % of 2.85% is 38.8% 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 KYE Systems and its competitors. For the Hardware industry, the median ROE % is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KYE Systems's current ROE % is 2.85%, which is 20% above median its own 10-year median of 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KYE Systems stock overvalued right now?
Based on GuruFocus' analysis, KYE Systems (TPE:2365) is currently considered Fairly Valued. The stock's GF Value™ is NT$35.42, compared to a current price of NT$34.20 — trading 3.4% below its estimated fair value. The current ROE % is 2.85%, which is 20% above median its 10-year median of 2.38 and 38.8% below the Hardware industry median of 4.66. KYE Systems' overall GF Score™ is 75/100 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 KYE Systems (TPE:2365), the current ROE % is 2.85% 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 KYE Systems (TPE:2365) Overvalued in 2026?

Based on GuruFocus' analysis, KYE Systems stock appears to be undervalued. The current stock price of NT$34.20 is trading 3.4% below its estimated GF Value™ of NT$35.42. GuruFocus considers KYE Systems to be Fairly Valued.

Key valuation signals for TPE:2365:

  • ROE %: 2.85% (20% above median its 10-year median of 2.38)
  • GF Value™: NT$35.42 vs. price of NT$34.20 (3.4% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 38.8% below the Hardware median (#1445 of 2422)

No single metric tells the full story. See the TPE:2365 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KYE Systems Business Description

Address Number 492, Chongxin Road, 1st-8th Floor, Section 5, Sanchong District, New Taipei City, TWN, 24160
KYE Systems Corp is a Taiwan-based company mainly engaged in the manufacturing, processing and trading of computer peripheral products such as computer mice, keyboards, video image products such as network and security cameras, and consumer electronic products such as headphone speakers and game console peripherals. The operating segments of the company are Electronic Products and Others. The majority of revenue is derived from the Electronic Products segment. Geographically, the company operates in Asia, America, Europe and Taiwan. The maximum revenue is generated from America.
75GF Score

Get the complete analysis for TPE:2365

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

NT$34.20
Price
NT$35.42
GF Value