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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.
Welltend Technology ROE % Related Terms
Welltend Technology ROE % Historical Data
* Premium members only.
The historical data trend for Welltend Technology'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 Computer Hardware subindustry, Welltend Technology'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.
Welltend Technology ROE % vs Hardware Industry
For the Hardware industry and Technology sector, Welltend Technology's ROE % distribution charts can be found below:
* The bar in red indicates where Welltend Technology'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.
Welltend Technology (TPE:3021) has a ROE % of 4.54% 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 Welltend Technology and its competitors. This is 51% below median its historical median of 9.24. Over the past decade, Welltend Technology's ROE % has ranged from 1.94 to 13.37. According to the industry distribution chart, Welltend Technology ranks #1327 out of 2428 companies in the Hardware industry, placing it in the top 54.7%.
Is Welltend Technology's ROE % too high?
Welltend Technology's current ROE % of 4.54% is 51% below median its 10-year median of 9.24. Over the past 10 years, this metric has ranged from a low of 1.94 to a high of 13.37. The Hardware industry median ROE % is 4.58. Welltend Technology's value of 4.54% is 0.8% below this industry median. Based on the distribution chart, Welltend Technology ranks #1327 out of 2428 companies in the Hardware industry, which is below the industry midpoint. Overall, Welltend Technology has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Welltend Technology's ROE % compare to DELL and ANET?
According to the Hardware industry distribution chart, Welltend Technology ranks #1327 out of 2428 companies for ROE %. This places Welltend Technology in the lower half of its industry. The industry median ROE % is 4.58. Welltend Technology's value of 4.54% is 0.8% below this benchmark. Historically, Welltend Technology's own ROE % has ranged from 1.94 to 13.37 over the past decade. While the company's 10-year median is 9.24 vs. the industry median of 4.58, Welltend Technology has consistently been below 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 4.58, based on 2,428 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. Welltend Technology's current ROE % of 4.54% is 0.8% below 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 Welltend Technology and its competitors. For the Hardware industry, the median ROE % is 4.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Welltend Technology's current ROE % is 4.54%, which is 51% below median its own 10-year median of 9.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Welltend Technology stock overvalued right now?
Based on GuruFocus' analysis, Welltend Technology (TPE:3021) is currently considered Fairly Valued. The stock's GF Value™ is NT$21.17, compared to a current price of NT$21.30 — trading 0.6% above its estimated fair value. The current ROE % is 4.54%, which is 51% below median its 10-year median of 9.24 and 0.8% below the Hardware industry median of 4.58. Welltend Technology's overall GF Score™ is 72/100 with 4 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 Welltend Technology (TPE:3021), the current ROE % is 4.54% 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 Welltend Technology (TPE:3021) Overvalued in 2026?
Based on GuruFocus' analysis, Welltend Technology stock appears to be overvalued.
The current stock price of NT$21.30 is trading 0.6% above its estimated GF Value™ of NT$21.17.
GuruFocus considers Welltend Technology to be Fairly Valued.
Key valuation signals for TPE:3021:
ROE %: 4.54% (51% below median its 10-year median of 9.24)
GF Value™: NT$21.17 vs. price of NT$21.30 (0.6% above fair value)
Industry Position: 0.8% below the Hardware median (#1327 of 2428)
No single metric tells the full story. See the TPE:3021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Welltend Technology Corp is engaged in manufacturing and selling electronic components and wire connectors, and providing information system integration and consulting services. Its product portfolio includes connectors, wires, and cable assemblies used in printers, copiers, USB cables, wire harnesses, automotive infotainment systems, and home appliances, among other products. The Group's system integration and consulting services business offers database prevention, database upgrade, server virtualization, BPM flow system, and other IT-related products and services. Its operating segments are: Wire and connectors, which generate maximum revenue, and Information services. Geographically, the Group derives maximum revenue from Taiwan, followed by Mainland China, Philippines, and Thailand.
72GF Score
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