Far Eastern Department Stores (TPE:2903) ROE %: 8.12% (As of Dec. 2025) — 34% Above Median


TPE:2903 Far Eastern Department Stores Ltd TPE:2903
73 GF Score
Price NT$23.15
GF Value NT$22.26
Valuation Fairly Valued
! 7 Warning Signs
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What is Far Eastern Department Stores ROE %?

Far Eastern Department Stores TPE:2903 -1.07% 73 ROE % is 8.12% as of Dec. 2025, which is 34% above its 10-year median of 6.04. GuruFocus rates TPE:2903 with a GF Score™ of 73/100 and a GF Value™ of NT$22.26 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,097 Retail - Cyclical companies, Far Eastern Department Stores ranks better than 52.42% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Far Eastern Department Stores's annualized net income for the quarter that ended in Dec. 2025 was NT$2,504 Mil. Far Eastern Department Stores's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$30,838 Mil. Therefore, Far Eastern Department Stores's annualized ROE % for the quarter that ended in Dec. 2025 was 8.12%.

The historical rank and industry rank for Far Eastern Department Stores's ROE % or its related term are showing as below:

TPE:2903' s ROE % Range Over the Past 10 Years
Min: 3.88   Med: 6.04   Max: 8.76
Current: 7.05

During the past 13 years, Far Eastern Department Stores's highest ROE % was 8.76%. The lowest was 3.88%. And the median was 6.04%.

TPE:2903's ROE % is ranked better than
52.42% of 1097 companies
in the Retail - Cyclical industry
Industry Median: 6.46 vs TPE:2903: 7.05

Far Eastern Department Stores  (TPE:2903) 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
=2503.648/30837.7775
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2503.648 / 41742.036)*(41742.036 / 137493.705)*(137493.705 / 30837.7775)
=Net Margin %*Asset Turnover*Equity Multiplier
=6 %*0.3036*4.4586
=ROA %*Equity Multiplier
=1.82 %*4.4586
=8.12 %

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
=2503.648/30837.7775
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (2503.648 / 4120.092) * (4120.092 / 5868.18) * (5868.18 / 41742.036) * (41742.036 / 137493.705) * (137493.705 / 30837.7775)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6077 * 0.7021 * 14.06 % * 0.3036 * 4.4586
=8.12 %

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.


Far Eastern Department Stores ROE % Related Terms


Far Eastern Department Stores ROE % Historical Data

* Premium members only.

The historical data trend for Far Eastern Department Stores'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.

Far Eastern Department Stores ROE % Chart

Far Eastern Department Stores 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 3.88 6.17 8.76 7.40 7.01

Far Eastern Department Stores 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 9.87 5.94 5.15 9.14 8.12

TPE:2903 vs DDS: ROE % Comparison

For the Department Stores subindustry, Far Eastern Department Stores'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.


Far Eastern Department Stores ROE % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Far Eastern Department Stores's ROE % distribution charts can be found below:

* The bar in red indicates where Far Eastern Department Stores's ROE % falls into.


TPE:2903
73GF Score
Far Eastern Department Stores Ltd TPE:2903
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Far Eastern Department Stores ROE % Calculation

Far Eastern Department Stores'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 )
=2197.617/( (31565.826+31107.144)/ 2 )
=2197.617/31336.485
=7.01 %

Far Eastern Department Stores'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 )
=2503.648/( (30568.411+31107.144)/ 2 )
=2503.648/30837.7775
=8.12 %

* 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 8.12% mean?
Far Eastern Department Stores (TPE:2903) has a ROE % of 8.12% 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 Far Eastern Department Stores and its competitors. This is 34% above median its historical median of 6.04. Over the past decade, Far Eastern Department Stores' ROE % has ranged from 3.88 to 8.76. According to the industry distribution chart, Far Eastern Department Stores ranks #522 out of 1097 companies in the Retail - Cyclical industry, placing it in the top 47.6%.
Is Far Eastern Department Stores' ROE % too high?
Far Eastern Department Stores' current ROE % of 8.12% is 34% above median its 10-year median of 6.04. Over the past 10 years, this metric has ranged from a low of 3.88 to a high of 8.76. The Retail - Cyclical industry median ROE % is 6.46. Far Eastern Department Stores' value of 8.12% is 25.7% above this industry median. Based on the distribution chart, Far Eastern Department Stores ranks #522 out of 1097 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Far Eastern Department Stores has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Far Eastern Department Stores' ROE % compare to DDS?
According to the Retail - Cyclical industry distribution chart, Far Eastern Department Stores ranks #522 out of 1097 companies for ROE %. This puts Far Eastern Department Stores in the upper half of its industry. The industry median ROE % is 6.46. Far Eastern Department Stores' value of 8.12% is 25.7% above this benchmark. Historically, Far Eastern Department Stores' own ROE % has ranged from 3.88 to 8.76 over the past decade. While the company's 10-year median is 6.04 vs. the industry median of 6.46, Far Eastern Department Stores 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 Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.46, based on 1,097 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. Far Eastern Department Stores's current ROE % of 8.12% is 25.7% 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 Far Eastern Department Stores and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Far Eastern Department Stores's current ROE % is 8.12%, which is 34% above median its own 10-year median of 6.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Far Eastern Department Stores stock overvalued right now?
Based on GuruFocus' analysis, Far Eastern Department Stores (TPE:2903) is currently considered Fairly Valued. The stock's GF Value™ is NT$22.26, compared to a current price of NT$23.15 — trading 4% above its estimated fair value. The current ROE % is 8.12%, which is 34% above median its 10-year median of 6.04 and 25.7% above the Retail - Cyclical industry median of 6.46. Far Eastern Department Stores' overall GF Score™ is 73/100 with 7 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 Far Eastern Department Stores (TPE:2903), the current ROE % is 8.12% 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 Far Eastern Department Stores (TPE:2903) Overvalued in 2026?

Based on GuruFocus' analysis, Far Eastern Department Stores stock appears to be overvalued. The current stock price of NT$23.15 is trading 4% above its estimated GF Value™ of NT$22.26. GuruFocus considers Far Eastern Department Stores to be Fairly Valued.

Key valuation signals for TPE:2903:

  • ROE %: 8.12% (34% above median its 10-year median of 6.04)
  • GF Value™: NT$22.26 vs. price of NT$23.15 (4% above fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 25.7% above the Retail - Cyclical median (#522 of 1097)

No single metric tells the full story. See the TPE:2903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Far Eastern Department Stores Business Description

Address Xinzhan Road, No. 16, 18th Floor, Banqiao District, New Taipei City, TWN, 220
Far Eastern Department Stores Ltd is a Taiwan-based company principally engaged in the operation of department stores and supermarkets. It provides a broad range of merchandise, including foods, apparel, gold and jewelry, household appliances, groceries, home furnishing products, consumer electronics, stationery goods, artworks, entertainment appliances, and sports and leisure goods. Geographically, the Group generates maximum revenue from ROC, and the rest from China.
73GF Score

Get the complete analysis for TPE:2903

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

NT$23.15
Price
NT$22.26
GF Value