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Elite Material CoTPE:2383 -6.67%74 ROE % is 43.41% as of Mar. 2026, which is 72% above its 10-year median of 25.23. GuruFocus rates TPE:2383 with a GF Score™ of 74/100 and a GF Value™ of NT$1,410.83 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,429 Hardware companies, Elite Material Co ranks better than 97.04% on this metric.
The historical rank and industry rank for Elite Material Co's ROE % or its related term are showing as below:
TPE:2383'
s ROE % Range Over the Past 10 Years
Min: 14.73 Med: 25.23 Max: 38.87
Current: 38.87
During the past 13 years, Elite Material Co's highest ROE % was 38.87%. The lowest was 14.73%. And the median was 25.23%.
TPE:2383's ROE % is ranked better than 97.04% of 2429
companies
in the Hardware industry
Industry Median: 4.66
vs TPE:2383: 38.87
Elite Material Co (TPE:2383) 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 (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.
Elite Material Co ROE % Related Terms
Elite Material Co ROE % Historical Data
* Premium members only.
The historical data trend for Elite Material 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.
For the Electronic Components subindustry, Elite 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.
Elite Material Co ROE % vs Hardware Industry
For the Hardware industry and Technology sector, Elite Material Co's ROE % distribution charts can be found below:
* The bar in red indicates where Elite 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 (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Elite Material Co (TPE:2383) has a ROE % of 43.41% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Elite Material Co and its competitors. This is 72% above median its historical median of 25.23. Over the past decade, Elite Material Co's ROE % has ranged from 14.73 to 38.87. According to the industry distribution chart, Elite Material Co ranks #72 out of 2429 companies in the Hardware industry, placing it in the top 3%.
Is Elite Material Co's ROE % too high?
Elite Material Co's current ROE % of 43.41% is 72% above median its 10-year median of 25.23. Over the past 10 years, this metric has ranged from a low of 14.73 to a high of 38.87. The Hardware industry median ROE % is 4.66. Elite Material Co's value of 43.41% is 831.5% above this industry median. Based on the distribution chart, Elite Material Co ranks #72 out of 2429 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Elite Material Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elite Material Co's ROE % compare to APH and GLW?
According to the Hardware industry distribution chart, Elite Material Co ranks #72 out of 2429 companies for ROE %. This places Elite Material Co in the top 3% of its industry — outperforming the majority of peers. The industry median ROE % is 4.66. Elite Material Co's value of 43.41% is 831.5% above this benchmark. Historically, Elite Material Co's own ROE % has ranged from 14.73 to 38.87 over the past decade. While the company's 10-year median is 25.23 vs. the industry median of 4.66, Elite 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 Hardware company?
The median ROE % among Hardware companies is 4.66, based on 2,429 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. Elite Material Co's current ROE % of 43.41% is 831.5% 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 Elite Material Co 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. Elite Material Co's current ROE % is 43.41%, which is 72% above median its own 10-year median of 25.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elite Material Co stock overvalued right now?
Based on GuruFocus' analysis, Elite Material Co (TPE:2383) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$1,410.83, compared to a current price of NT$4,755.00 — trading 237% above its estimated fair value. The current ROE % is 43.41%, which is 72% above median its 10-year median of 25.23 and 831.5% above the Hardware industry median of 4.66. Elite Material Co's overall GF Score™ is 74/100 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 Elite Material Co (TPE:2383), the current ROE % is 43.41% as of Mar. 2026. 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 Elite Material Co (TPE:2383) Overvalued in 2026?
Based on GuruFocus' analysis, Elite Material Co stock appears to be overvalued.
The current stock price of NT$4,755.00 is trading 237% above its estimated GF Value™ of NT$1,410.83.
GuruFocus considers Elite Material Co to be Significantly Overvalued.
Key valuation signals for TPE:2383:
ROE %: 43.41% (72% above median its 10-year median of 25.23)
GF Value™: NT$1,410.83 vs. price of NT$4,755.00 (237% above fair value)
Industry Position: 831.5% above the Hardware median (#72 of 2429)
No single metric tells the full story. See the TPE:2383 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals, raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: the domestic segment produces and sells various types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components; the Foreign segment produces and sells prepreg for printed circuit boards and copper-clad laminates; and the Other segment includes investment and product exchange business. Geographically, it operates in Taiwan, China, and Other countries.
74GF Score
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