Tonlin Department Store Co (TPE:2910) ROE %: 8.41% (As of Dec. 2025) — 74% Above Median


TPE:2910 Tonlin Department Store Co Ltd TPE:2910
74 GF Score
Price NT$21.95
GF Value NT$19.50
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Tonlin Department Store Co ROE %?

Tonlin Department Store Co TPE:2910 -1.13% 74 ROE % is 8.41% as of Dec. 2025, which is 74% above its 10-year median of 4.83. GuruFocus rates TPE:2910 with a GF Score™ of 74/100 and a GF Value™ of NT$19.50 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,090 Retail - Cyclical companies, Tonlin Department Store Co ranks better than 55.69% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Tonlin Department Store Co's annualized net income for the quarter that ended in Dec. 2025 was NT$230.0 Mil. Tonlin Department Store Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$2,733.6 Mil. Therefore, Tonlin Department Store Co's annualized ROE % for the quarter that ended in Dec. 2025 was 8.41%.

The historical rank and industry rank for Tonlin Department Store Co's ROE % or its related term are showing as below:

TPE:2910' s ROE % Range Over the Past 10 Years
Min: 1.16   Med: 4.83   Max: 8.23
Current: 8.01

During the past 13 years, Tonlin Department Store Co's highest ROE % was 8.23%. The lowest was 1.16%. And the median was 4.83%.

TPE:2910's ROE % is ranked better than
55.69% of 1090 companies
in the Retail - Cyclical industry
Industry Median: 6.505 vs TPE:2910: 8.01

Tonlin Department Store Co  (TPE:2910) 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
=229.964/2733.559
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(229.964 / 518.932)*(518.932 / 6283.4615)*(6283.4615 / 2733.559)
=Net Margin %*Asset Turnover*Equity Multiplier
=44.31 %*0.0826*2.2986
=ROA %*Equity Multiplier
=3.66 %*2.2986
=8.41 %

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
=229.964/2733.559
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (229.964 / 279.764) * (279.764 / 268.736) * (268.736 / 518.932) * (518.932 / 6283.4615) * (6283.4615 / 2733.559)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.822 * 1.041 * 51.79 % * 0.0826 * 2.2986
=8.41 %

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.


Tonlin Department Store Co ROE % Related Terms


Tonlin Department Store Co ROE % Historical Data

* Premium members only.

The historical data trend for Tonlin Department Store 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.

Tonlin Department Store Co ROE % Chart

Tonlin Department Store Co 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 5.91 4.03 8.23 7.45 7.85

Tonlin Department Store Co 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 7.84 7.82 3.14 12.74 8.41

TPE:2910 vs DDS, M: ROE % Comparison

For the Department Stores subindustry, Tonlin Department Store 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.


Tonlin Department Store Co ROE % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tonlin Department Store Co's ROE % distribution charts can be found below:

* The bar in red indicates where Tonlin Department Store Co's ROE % falls into.


TPE:2910
74GF Score
Tonlin Department Store Co Ltd TPE:2910
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tonlin Department Store Co ROE % Calculation

Tonlin Department Store Co'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 )
=215.077/( (2721.046+2757.8)/ 2 )
=215.077/2739.423
=7.85 %

Tonlin Department Store Co'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 )
=229.964/( (2709.318+2757.8)/ 2 )
=229.964/2733.559
=8.41 %

* 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 8.41% mean?
Tonlin Department Store Co (TPE:2910) has a ROE % of 8.41% 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 Tonlin Department Store Co and its competitors. This is 74% above median its historical median of 4.83. Over the past decade, Tonlin Department Store Co's ROE % has ranged from 1.16 to 8.23. According to the industry distribution chart, Tonlin Department Store Co ranks #483 out of 1090 companies in the Retail - Cyclical industry, placing it in the top 44.3%.
Is Tonlin Department Store Co's ROE % too high?
Tonlin Department Store Co's current ROE % of 8.41% is 74% above median its 10-year median of 4.83. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 8.23. The Retail - Cyclical industry median ROE % is 6.51. Tonlin Department Store Co's value of 8.41% is 29.3% above this industry median. Based on the distribution chart, Tonlin Department Store Co ranks #483 out of 1090 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Tonlin Department Store Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tonlin Department Store Co's ROE % compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Tonlin Department Store Co ranks #483 out of 1090 companies for ROE %. This puts Tonlin Department Store Co in the upper half of its industry. The industry median ROE % is 6.51. Tonlin Department Store Co's value of 8.41% is 29.3% above this benchmark. Historically, Tonlin Department Store Co's own ROE % has ranged from 1.16 to 8.23 over the past decade. While the company's 10-year median is 4.83 vs. the industry median of 6.51, Tonlin Department Store 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 Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.51, based on 1,090 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. Tonlin Department Store Co's current ROE % of 8.41% is 29.3% 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 Tonlin Department Store Co and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tonlin Department Store Co's current ROE % is 8.41%, which is 74% above median its own 10-year median of 4.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tonlin Department Store Co stock overvalued right now?
Based on GuruFocus' analysis, Tonlin Department Store Co (TPE:2910) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$19.50, compared to a current price of NT$21.95 — trading 12.6% above its estimated fair value. The current ROE % is 8.41%, which is 74% above median its 10-year median of 4.83 and 29.3% above the Retail - Cyclical industry median of 6.51. Tonlin Department Store Co's overall GF Score™ is 74/100 with 6 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 Tonlin Department Store Co (TPE:2910), the current ROE % is 8.41% 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 Tonlin Department Store Co (TPE:2910) Overvalued in 2026?

Based on GuruFocus' analysis, Tonlin Department Store Co stock appears to be overvalued. The current stock price of NT$21.95 is trading 12.6% above its estimated GF Value™ of NT$19.50. GuruFocus considers Tonlin Department Store Co to be Modestly Overvalued.

Key valuation signals for TPE:2910:

  • ROE %: 8.41% (74% above median its 10-year median of 4.83)
  • GF Value™: NT$19.50 vs. price of NT$21.95 (12.6% above fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 29.3% above the Retail - Cyclical median (#483 of 1090)

No single metric tells the full story. See the TPE:2910 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tonlin Department Store Co Business Description

Address Zhongxiao East Road, 10th Floor-6, No.197, Section 4, Taipei, TWN
Tonlin Department Store Co Ltd operates department stores offering men's and women's apparel and accessories, food, gifts, and general merchandise, among others. The reporting segments for the company are: Department store and Construction segment. Maximum revenue is generated from the Department store segment.
74GF Score

Get the complete analysis for TPE:2910

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

NT$21.95
Price
NT$19.50
GF Value