Ichia Technologies (TPE:2402) ROE %: 10.64% (As of Dec. 2025) — 175% Above Median


TPE:2402 Ichia Technologies Inc TPE:2402
76 GF Score
Price NT$64.10
GF Value NT$41.53
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Ichia Technologies ROE %?

Ichia Technologies TPE:2402 -4.19% 76 ROE % is 10.64% as of Dec. 2025, which is 175% above its 10-year median of 3.87. GuruFocus rates TPE:2402 with a GF Score™ of 76/100 and a GF Value™ of NT$41.53 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,423 Hardware companies, Ichia Technologies ranks better than 73.75% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ichia Technologies's annualized net income for the quarter that ended in Dec. 2025 was NT$750 Mil. Ichia Technologies's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$7,047 Mil. Therefore, Ichia Technologies's annualized ROE % for the quarter that ended in Dec. 2025 was 10.64%.

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

TPE:2402' s ROE % Range Over the Past 10 Years
Min: -4.87   Med: 3.87   Max: 11.16
Current: 11.16

During the past 13 years, Ichia Technologies's highest ROE % was 11.16%. The lowest was -4.87%. And the median was 3.87%.

TPE:2402's ROE % is ranked better than
73.75% of 2423 companies
in the Hardware industry
Industry Median: 4.61 vs TPE:2402: 11.16

Ichia Technologies  (TPE:2402) 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
=749.712/7046.594
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(749.712 / 10899.34)*(10899.34 / 14859.84)*(14859.84 / 7046.594)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.88 %*0.7335*2.1088
=ROA %*Equity Multiplier
=5.05 %*2.1088
=10.64 %

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
=749.712/7046.594
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (749.712 / 920.476) * (920.476 / 1023.52) * (1023.52 / 10899.34) * (10899.34 / 14859.84) * (14859.84 / 7046.594)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8145 * 0.8993 * 9.39 % * 0.7335 * 2.1088
=10.64 %

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.


Ichia Technologies ROE % Related Terms


Ichia Technologies ROE % Historical Data

* Premium members only.

The historical data trend for Ichia Technologies'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.

Ichia Technologies ROE % Chart

Ichia Technologies 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 3.90 6.06 7.58 10.78 10.47

Ichia Technologies 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 12.17 10.26 13.03 11.62 10.64

TPE:2402 vs APH, GLW, TEL: ROE % Comparison

For the Electronic Components subindustry, Ichia Technologies'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.


Ichia Technologies ROE % vs Hardware Industry

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

* The bar in red indicates where Ichia Technologies's ROE % falls into.


TPE:2402
76GF Score
Ichia Technologies Inc TPE:2402
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ichia Technologies ROE % Calculation

Ichia Technologies'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 )
=753.973/( (6994.413+7406.949)/ 2 )
=753.973/7200.681
=10.47 %

Ichia Technologies'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 )
=749.712/( (6686.239+7406.949)/ 2 )
=749.712/7046.594
=10.64 %

* 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 10.64% mean?
Ichia Technologies (TPE:2402) has a ROE % of 10.64% 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 Ichia Technologies and its competitors. This is 175% above median its historical median of 3.87. According to the industry distribution chart, Ichia Technologies ranks #636 out of 2423 companies in the Hardware industry, placing it in the top 26.2%.
Is Ichia Technologies' ROE % too high?
Ichia Technologies' current ROE % of 10.64% is 175% above median its 10-year median of 3.87. The Hardware industry median ROE % is 4.61. Ichia Technologies' value of 10.64% is 130.8% above this industry median. Based on the distribution chart, Ichia Technologies ranks #636 out of 2423 companies in the Hardware industry, which is above the industry midpoint. Overall, Ichia Technologies has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ichia Technologies' ROE % compare to APH and GLW?
According to the Hardware industry distribution chart, Ichia Technologies ranks #636 out of 2423 companies for ROE %. This puts Ichia Technologies in the upper half of its industry. The industry median ROE % is 4.61. Ichia Technologies' value of 10.64% is 130.8% above this benchmark. While the company's 10-year median is 3.87 vs. the industry median of 4.61, Ichia Technologies 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 4.61, based on 2,423 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. Ichia Technologies's current ROE % of 10.64% is 130.8% 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 Ichia Technologies and its competitors. For the Hardware industry, the median ROE % is 4.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichia Technologies's current ROE % is 10.64%, which is 175% above median its own 10-year median of 3.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichia Technologies stock overvalued right now?
Based on GuruFocus' analysis, Ichia Technologies (TPE:2402) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$41.53, compared to a current price of NT$64.10 — trading 54.3% above its estimated fair value. The current ROE % is 10.64%, which is 175% above median its 10-year median of 3.87 and 130.8% above the Hardware industry median of 4.61. Ichia Technologies' overall GF Score™ is 76/100 with 9 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 Ichia Technologies (TPE:2402), the current ROE % is 10.64% 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 Ichia Technologies (TPE:2402) Overvalued in 2026?

Based on GuruFocus' analysis, Ichia Technologies stock appears to be overvalued. The current stock price of NT$64.10 is trading 54.3% above its estimated GF Value™ of NT$41.53. GuruFocus considers Ichia Technologies to be Significantly Overvalued.

Key valuation signals for TPE:2402:

  • ROE %: 10.64% (175% above median its 10-year median of 3.87)
  • GF Value™: NT$41.53 vs. price of NT$64.10 (54.3% above fair value)
  • GF Score™: 76/100 with 9 warning signs
  • Industry Position: 130.8% above the Hardware median (#636 of 2423)

No single metric tells the full story. See the TPE:2402 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ichia Technologies Business Description

Address No. 268, Huaya 2nd Road, Hwa-Ya Technology Park, Guishan District, Taoyuan, TWN
Ichia Technologies Inc manufactures, processes, and trades various components (conductive silicone elastomers, plastic keys, keyboard assemblies, input devices, and flexible printed circuit boards) and materials for electronics, home appliances, electronical engineering, electrical equipment, communications (telecommunications),and computers, as well as to import and export domestic and foreign products and to engage in the agency, distribution, tender and quotation business. Its products and services include Flexible Printed Circuit, Printed Circuit Board, SLP (Substrate-like PCB), Switch Modules, Integrated Modules, Optical & Display Design, Decorative Technologies, Smart Surface Interfaces, Robotics & Automation, Wearables, Air Cooling, and Liquid Cooling.
76GF Score

Get the complete analysis for TPE:2402

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

NT$64.10
Price
NT$41.53
GF Value