Global Brands Manufacture (TPE:6191) ROE %: 12.22% (As of Dec. 2025) — Near Median


TPE:6191 Global Brands Manufacture Ltd TPE:6191
86 GF Score
Price NT$100.50
GF Value NT$97.38
Valuation Fairly Valued
! 4 Warning Signs
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What is Global Brands Manufacture ROE %?

Global Brands Manufacture TPE:6191 +1.21% 86 ROE % is 12.22% as of Dec. 2025, which is 1% below its 10-year median of 12.33. GuruFocus rates TPE:6191 with a GF Score™ of 86/100 and a GF Value™ of NT$97.38 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,423 Hardware companies, Global Brands Manufacture ranks better than 80.19% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Global Brands Manufacture's annualized net income for the quarter that ended in Dec. 2025 was NT$3,072 Mil. Global Brands Manufacture's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$25,137 Mil. Therefore, Global Brands Manufacture's annualized ROE % for the quarter that ended in Dec. 2025 was 12.22%.

The historical rank and industry rank for Global Brands Manufacture's ROE % or its related term are showing as below:

TPE:6191' s ROE % Range Over the Past 10 Years
Min: 3.55   Med: 12.33   Max: 18.41
Current: 13.57

During the past 13 years, Global Brands Manufacture's highest ROE % was 18.41%. The lowest was 3.55%. And the median was 12.33%.

TPE:6191's ROE % is ranked better than
80.19% of 2423 companies
in the Hardware industry
Industry Median: 4.61 vs TPE:6191: 13.57

Global Brands Manufacture  (TPE:6191) 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
=3072.356/25137.264
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3072.356 / 37275.912)*(37275.912 / 59470.6715)*(59470.6715 / 25137.264)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.24 %*0.6268*2.3658
=ROA %*Equity Multiplier
=5.16 %*2.3658
=12.22 %

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
=3072.356/25137.264
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (3072.356 / 4640.38) * (4640.38 / 2834.868) * (2834.868 / 37275.912) * (37275.912 / 59470.6715) * (59470.6715 / 25137.264)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6621 * 1.6369 * 7.61 % * 0.6268 * 2.3658
=12.22 %

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.


Global Brands Manufacture ROE % Related Terms


Global Brands Manufacture ROE % Historical Data

* Premium members only.

The historical data trend for Global Brands Manufacture'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.

Global Brands Manufacture ROE % Chart

Global Brands Manufacture 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 18.41 14.61 16.54 13.18 12.87

Global Brands Manufacture 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 8.86 12.77 13.00 17.37 12.22

TPE:6191 vs APH, GLW, TEL: ROE % Comparison

For the Electronic Components subindustry, Global Brands Manufacture'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.


Global Brands Manufacture ROE % vs Hardware Industry

For the Hardware industry and Technology sector, Global Brands Manufacture's ROE % distribution charts can be found below:

* The bar in red indicates where Global Brands Manufacture's ROE % falls into.


TPE:6191
86GF Score
Global Brands Manufacture Ltd TPE:6191
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Global Brands Manufacture ROE % Calculation

Global Brands Manufacture'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 )
=3150.503/( (22755.077+26221.108)/ 2 )
=3150.503/24488.0925
=12.87 %

Global Brands Manufacture'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 )
=3072.356/( (24053.42+26221.108)/ 2 )
=3072.356/25137.264
=12.22 %

* 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 12.22% mean?
Global Brands Manufacture (TPE:6191) has a ROE % of 12.22% 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 Global Brands Manufacture and its competitors. This is near median its historical median of 12.33. Over the past decade, Global Brands Manufacture's ROE % has ranged from 3.55 to 18.41. According to the industry distribution chart, Global Brands Manufacture ranks #480 out of 2423 companies in the Hardware industry, placing it in the top 19.8%.
Is Global Brands Manufacture's ROE % too high?
Global Brands Manufacture's current ROE % of 12.22% is near median its 10-year median of 12.33. Over the past 10 years, this metric has ranged from a low of 3.55 to a high of 18.41. The Hardware industry median ROE % is 4.61. Global Brands Manufacture's value of 12.22% is 165.1% above this industry median. Based on the distribution chart, Global Brands Manufacture ranks #480 out of 2423 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Global Brands Manufacture has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Brands Manufacture's ROE % compare to APH and GLW?
According to the Hardware industry distribution chart, Global Brands Manufacture ranks #480 out of 2423 companies for ROE %. This places Global Brands Manufacture in the top 20% of its industry — outperforming the majority of peers. The industry median ROE % is 4.61. Global Brands Manufacture's value of 12.22% is 165.1% above this benchmark. Historically, Global Brands Manufacture's own ROE % has ranged from 3.55 to 18.41 over the past decade. While the company's 10-year median is 12.33 vs. the industry median of 4.61, Global Brands Manufacture 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. Global Brands Manufacture's current ROE % of 12.22% is 165.1% 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 Global Brands Manufacture 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. Global Brands Manufacture's current ROE % is 12.22%, which is near median its own 10-year median of 12.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Brands Manufacture stock overvalued right now?
Based on GuruFocus' analysis, Global Brands Manufacture (TPE:6191) is currently considered Fairly Valued. The stock's GF Value™ is NT$97.38, compared to a current price of NT$100.50 — trading 3.2% above its estimated fair value. The current ROE % is 12.22%, which is near median its 10-year median of 12.33 and 165.1% above the Hardware industry median of 4.61. Global Brands Manufacture's overall GF Score™ is 86/100 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 Global Brands Manufacture (TPE:6191), the current ROE % is 12.22% 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 Global Brands Manufacture (TPE:6191) Overvalued in 2026?

Based on GuruFocus' analysis, Global Brands Manufacture stock appears to be overvalued. The current stock price of NT$100.50 is trading 3.2% above its estimated GF Value™ of NT$97.38. GuruFocus considers Global Brands Manufacture to be Fairly Valued.

Key valuation signals for TPE:6191:

  • ROE %: 12.22% (near median its 10-year median of 12.33)
  • GF Value™: NT$97.38 vs. price of NT$100.50 (3.2% above fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 165.1% above the Hardware median (#480 of 2423)

No single metric tells the full story. See the TPE:6191 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Global Brands Manufacture Business Description

Address No. 48-3, Minquan Road, 4th Floor, Xindian District, New Taipei, TWN, 231023
Global Brands Manufacture Ltd is mainly engaged in the manufacturer specializing in Printed Circuit Boards (PCB) and Electronic Manufacturing Services (EMS). The company serves a diverse range of markets, including information, communication, automobile, and consumer electronics. Its geographical segments are Asia, America, and Europe, of which the majority of its revenue comes from Asia.
86GF Score

Get the complete analysis for TPE:6191

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

NT$100.50
Price
NT$97.38
GF Value