WinWay Technology Co (TPE:6515) ROE %: 31.32% (As of Dec. 2025) — 19% Above Median


TPE:6515 WinWay Technology Co Ltd TPE:6515
79 GF Score
Price NT$8,190.00
GF Value NT$2,083.17
Valuation Significantly Overvalued
! 1 Warning Sign
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What is WinWay Technology Co ROE %?

WinWay Technology Co TPE:6515 -10.00% 79 ROE % is 31.32% as of Dec. 2025, which is 19% above its 10-year median of 26.21. GuruFocus rates TPE:6515 with a GF Score™ of 79/100 and a GF Value™ of NT$2,083.17 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,004 Semiconductors companies, WinWay Technology Co ranks better than 92.33% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. WinWay Technology Co's annualized net income for the quarter that ended in Dec. 2025 was NT$1,933 Mil. WinWay Technology Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$6,174 Mil. Therefore, WinWay Technology Co's annualized ROE % for the quarter that ended in Dec. 2025 was 31.32%.

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

TPE:6515' s ROE % Range Over the Past 10 Years
Min: 12.92   Med: 26.21   Max: 43.47
Current: 29.14

During the past 10 years, WinWay Technology Co's highest ROE % was 43.47%. The lowest was 12.92%. And the median was 26.21%.

TPE:6515's ROE % is ranked better than
92.33% of 1004 companies
in the Semiconductors industry
Industry Median: 4.55 vs TPE:6515: 29.14

WinWay Technology Co  (TPE:6515) 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
=1933.352/6173.597
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1933.352 / 8934.616)*(8934.616 / 8465.2505)*(8465.2505 / 6173.597)
=Net Margin %*Asset Turnover*Equity Multiplier
=21.64 %*1.0554*1.3712
=ROA %*Equity Multiplier
=22.84 %*1.3712
=31.32 %

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
=1933.352/6173.597
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1933.352 / 2286.084) * (2286.084 / 1895.768) * (1895.768 / 8934.616) * (8934.616 / 8465.2505) * (8465.2505 / 6173.597)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8457 * 1.2059 * 21.22 % * 1.0554 * 1.3712
=31.32 %

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.


WinWay Technology Co ROE % Related Terms


WinWay Technology Co ROE % Historical Data

* Premium members only.

The historical data trend for WinWay Technology 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.

WinWay Technology Co ROE % Chart

WinWay Technology 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 20.70 33.21 12.92 26.27 27.92

WinWay Technology 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 28.55 45.16 15.16 26.09 31.32

TPE:6515 vs NVDA, AVGO, MU: ROE % Comparison

For the Semiconductors subindustry, WinWay Technology 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.


WinWay Technology Co ROE % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, WinWay Technology Co's ROE % distribution charts can be found below:

* The bar in red indicates where WinWay Technology Co's ROE % falls into.


TPE:6515
79GF Score
WinWay Technology Co Ltd TPE:6515
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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WinWay Technology Co ROE % Calculation

WinWay Technology 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 )
=1672.872/( (5539.904+6445.309)/ 2 )
=1672.872/5992.6065
=27.92 %

WinWay Technology 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 )
=1933.352/( (5901.885+6445.309)/ 2 )
=1933.352/6173.597
=31.32 %

* 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 31.32% mean?
WinWay Technology Co (TPE:6515) has a ROE % of 31.32% 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 WinWay Technology Co and its competitors. This is 19% above median its historical median of 26.21. Over the past decade, WinWay Technology Co's ROE % has ranged from 12.92 to 43.47. According to the industry distribution chart, WinWay Technology Co ranks #77 out of 1004 companies in the Semiconductors industry, placing it in the top 7.7%.
Is WinWay Technology Co's ROE % too high?
WinWay Technology Co's current ROE % of 31.32% is 19% above median its 10-year median of 26.21. Over the past 10 years, this metric has ranged from a low of 12.92 to a high of 43.47. The Semiconductors industry median ROE % is 4.55. WinWay Technology Co's value of 31.32% is 588.4% above this industry median. Based on the distribution chart, WinWay Technology Co ranks #77 out of 1004 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, WinWay Technology Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WinWay Technology Co's ROE % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, WinWay Technology Co ranks #77 out of 1004 companies for ROE %. This places WinWay Technology Co in the top 8% of its industry — outperforming the majority of peers. The industry median ROE % is 4.55. WinWay Technology Co's value of 31.32% is 588.4% above this benchmark. Historically, WinWay Technology Co's own ROE % has ranged from 12.92 to 43.47 over the past decade. While the company's 10-year median is 26.21 vs. the industry median of 4.55, WinWay Technology 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 Semiconductors company?
The median ROE % among Semiconductors companies is 4.55, based on 1,004 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. WinWay Technology Co's current ROE % of 31.32% is 588.4% 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 WinWay Technology Co and its competitors. For the Semiconductors industry, the median ROE % is 4.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WinWay Technology Co's current ROE % is 31.32%, which is 19% above median its own 10-year median of 26.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WinWay Technology Co stock overvalued right now?
Based on GuruFocus' analysis, WinWay Technology Co (TPE:6515) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$2,083.17, compared to a current price of NT$8,190.00 — trading 293.2% above its estimated fair value. The current ROE % is 31.32%, which is 19% above median its 10-year median of 26.21 and 588.4% above the Semiconductors industry median of 4.55. WinWay Technology Co's overall GF Score™ is 79/100 with 1 warning sign 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 WinWay Technology Co (TPE:6515), the current ROE % is 31.32% 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 WinWay Technology Co (TPE:6515) Overvalued in 2026?

Based on GuruFocus' analysis, WinWay Technology Co stock appears to be overvalued. The current stock price of NT$8,190.00 is trading 293.2% above its estimated GF Value™ of NT$2,083.17. GuruFocus considers WinWay Technology Co to be Significantly Overvalued.

Key valuation signals for TPE:6515:

  • ROE %: 31.32% (19% above median its 10-year median of 26.21)
  • GF Value™: NT$2,083.17 vs. price of NT$8,190.00 (293.2% above fair value)
  • GF Score™: 79/100 with 1 warning sign
  • Industry Position: 588.4% above the Semiconductors median (#77 of 1004)

No single metric tells the full story. See the TPE:6515 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WinWay Technology Co Business Description

Address Chuangyi South Road, No. 68, Nanzih District, Kaohsiung City, TWN, 811646
WinWay Technology Co Ltd company is engaged in designing, processing, and sales of optoelectronic product test fixtures, integrated circuit test interfaces and fixtures and their key components, and the import and export trade of related products. Its products are Package Test, Wafer Test, Thermal control Products. The group has one reportable segment. This segment is mainly the manufacturing and sales of optoelectronic products test fixtures. Geographically, the company has a presence in Taiwan, America, China, Asia, Europe, and Canada where it generates the majority of its revenue from America.
79GF Score

Get the complete analysis for TPE:6515

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

NT$8,190.00
Price
NT$2,083.17
GF Value