U-Ming Marine Transport (TPE:2606) ROE %: 14.12% (As of Dec. 2025) — 85% Above Median


TPE:2606 U-Ming Marine Transport Corp TPE:2606
89 GF Score
Price NT$60.10
GF Value NT$59.23
Valuation Fairly Valued
! 8 Warning Signs
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What is U-Ming Marine Transport ROE %?

U-Ming Marine Transport TPE:2606 +0.84% 89 ROE % is 14.12% as of Dec. 2025, which is 85% above its 10-year median of 7.64. GuruFocus rates TPE:2606 with a GF Score™ of 89/100 and a GF Value™ of NT$59.23 (Fairly Valued). The stock has 8 warning signs investors should review. Among 983 Transportation companies, U-Ming Marine Transport ranks better than 59.51% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. U-Ming Marine Transport's annualized net income for the quarter that ended in Dec. 2025 was NT$5,247 Mil. U-Ming Marine Transport's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$37,162 Mil. Therefore, U-Ming Marine Transport's annualized ROE % for the quarter that ended in Dec. 2025 was 14.12%.

The historical rank and industry rank for U-Ming Marine Transport's ROE % or its related term are showing as below:

TPE:2606' s ROE % Range Over the Past 10 Years
Min: -3.37   Med: 7.64   Max: 19.96
Current: 9.64

During the past 13 years, U-Ming Marine Transport's highest ROE % was 19.96%. The lowest was -3.37%. And the median was 7.64%.

TPE:2606's ROE % is ranked better than
59.51% of 983 companies
in the Transportation industry
Industry Median: 7.6 vs TPE:2606: 9.64

U-Ming Marine Transport  (TPE:2606) 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
=5247.248/37161.5755
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5247.248 / 16885.216)*(16885.216 / 84880.86)*(84880.86 / 37161.5755)
=Net Margin %*Asset Turnover*Equity Multiplier
=31.08 %*0.1989*2.2841
=ROA %*Equity Multiplier
=6.18 %*2.2841
=14.12 %

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
=5247.248/37161.5755
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (5247.248 / 5446.684) * (5446.684 / 5121.504) * (5121.504 / 16885.216) * (16885.216 / 84880.86) * (84880.86 / 37161.5755)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9634 * 1.0635 * 30.33 % * 0.1989 * 2.2841
=14.12 %

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.


U-Ming Marine Transport ROE % Related Terms


U-Ming Marine Transport ROE % Historical Data

* Premium members only.

The historical data trend for U-Ming Marine Transport'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.

U-Ming Marine Transport ROE % Chart

U-Ming Marine Transport 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 19.96 15.04 8.25 12.63 9.18

U-Ming Marine Transport 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 9.35 2.21 7.01 17.17 14.12

U-Ming Marine Transport ROE % Competitor Comparison

For the Marine Shipping subindustry, U-Ming Marine Transport'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.


U-Ming Marine Transport ROE % vs Transportation Industry

For the Transportation industry and Industrials sector, U-Ming Marine Transport's ROE % distribution charts can be found below:

* The bar in red indicates where U-Ming Marine Transport's ROE % falls into.


TPE:2606
89GF Score
U-Ming Marine Transport Corp TPE:2606
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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U-Ming Marine Transport ROE % Calculation

U-Ming Marine Transport'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 )
=3640.394/( (40460.8+38879.345)/ 2 )
=3640.394/39670.0725
=9.18 %

U-Ming Marine Transport'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 )
=5247.248/( (35443.806+38879.345)/ 2 )
=5247.248/37161.5755
=14.12 %

* 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 14.12% mean?
U-Ming Marine Transport (TPE:2606) has a ROE % of 14.12% 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 U-Ming Marine Transport and its competitors. This is 85% above median its historical median of 7.64. According to the industry distribution chart, U-Ming Marine Transport ranks #398 out of 983 companies in the Transportation industry, placing it in the top 40.5%.
Is U-Ming Marine Transport's ROE % too high?
U-Ming Marine Transport's current ROE % of 14.12% is 85% above median its 10-year median of 7.64. The Transportation industry median ROE % is 7.60. U-Ming Marine Transport's value of 14.12% is 85.8% above this industry median. Based on the distribution chart, U-Ming Marine Transport ranks #398 out of 983 companies in the Transportation industry, which is above the industry midpoint. Overall, U-Ming Marine Transport has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does U-Ming Marine Transport's ROE % compare to competitors?
According to the Transportation industry distribution chart, U-Ming Marine Transport ranks #398 out of 983 companies for ROE %. This puts U-Ming Marine Transport in the upper half of its industry. The industry median ROE % is 7.60. U-Ming Marine Transport's value of 14.12% is 85.8% above this benchmark. While the company's 10-year median is 7.64 vs. the industry median of 7.60, U-Ming Marine Transport 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 Transportation company?
The median ROE % among Transportation companies is 7.60, based on 983 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. U-Ming Marine Transport's current ROE % of 14.12% is 85.8% 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 U-Ming Marine Transport and its competitors. For the Transportation industry, the median ROE % is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. U-Ming Marine Transport's current ROE % is 14.12%, which is 85% above median its own 10-year median of 7.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is U-Ming Marine Transport stock overvalued right now?
Based on GuruFocus' analysis, U-Ming Marine Transport (TPE:2606) is currently considered Fairly Valued. The stock's GF Value™ is NT$59.23, compared to a current price of NT$60.10 — trading 1.5% above its estimated fair value. The current ROE % is 14.12%, which is 85% above median its 10-year median of 7.64 and 85.8% above the Transportation industry median of 7.60. U-Ming Marine Transport's overall GF Score™ is 89/100 with 8 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 U-Ming Marine Transport (TPE:2606), the current ROE % is 14.12% 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 U-Ming Marine Transport (TPE:2606) Overvalued in 2026?

Based on GuruFocus' analysis, U-Ming Marine Transport stock appears to be overvalued. The current stock price of NT$60.10 is trading 1.5% above its estimated GF Value™ of NT$59.23. GuruFocus considers U-Ming Marine Transport to be Fairly Valued.

Key valuation signals for TPE:2606:

  • ROE %: 14.12% (85% above median its 10-year median of 7.64)
  • GF Value™: NT$59.23 vs. price of NT$60.10 (1.5% above fair value)
  • GF Score™: 89/100 with 8 warning signs
  • Industry Position: 85.8% above the Transportation median (#398 of 983)

No single metric tells the full story. See the TPE:2606 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


U-Ming Marine Transport Business Description

Address No. 207, Section 2, Tun Hwa South Road, 29th Floor, Taipei, TWN, 106
U-Ming Marine Transport Corp is a transportation and logistics company, domiciled in Taiwan. The company organizes itself into two segments: marine transportation and investment. The marine transportation segment, which contributes the vast majority of revenue, owns and operates a fleet of vessels to transport dry bulk cargo, including cement, oil, coal, iron ore, steel, grain, and other commodities.
89GF Score

Get the complete analysis for TPE:2606

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

NT$60.10
Price
NT$59.23
GF Value