Taiwan Fu Hsing Industrial Co (TPE:9924) ROE %: 8.46% (As of Dec. 2025) — 38% Below Median


TPE:9924 Taiwan Fu Hsing Industrial Co Ltd TPE:9924
82 GF Score
Price NT$40.00
GF Value NT$43.79
Valuation Fairly Valued
! 2 Warning Signs
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What is Taiwan Fu Hsing Industrial Co ROE %?

Taiwan Fu Hsing Industrial Co TPE:9924 -0.62% 82 ROE % is 8.46% as of Dec. 2025, which is 38% below its 10-year median of 13.73. GuruFocus rates TPE:9924 with a GF Score™ of 82/100 and a GF Value™ of NT$43.79 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,738 Construction companies, Taiwan Fu Hsing Industrial Co ranks better than 52.82% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Taiwan Fu Hsing Industrial Co's annualized net income for the quarter that ended in Dec. 2025 was NT$584 Mil. Taiwan Fu Hsing Industrial Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$6,902 Mil. Therefore, Taiwan Fu Hsing Industrial Co's annualized ROE % for the quarter that ended in Dec. 2025 was 8.46%.

The historical rank and industry rank for Taiwan Fu Hsing Industrial Co's ROE % or its related term are showing as below:

TPE:9924' s ROE % Range Over the Past 10 Years
Min: 7.35   Med: 13.73   Max: 16.18
Current: 7.57

During the past 13 years, Taiwan Fu Hsing Industrial Co's highest ROE % was 16.18%. The lowest was 7.35%. And the median was 13.73%.

TPE:9924's ROE % is ranked better than
52.82% of 1738 companies
in the Construction industry
Industry Median: 6.715 vs TPE:9924: 7.57

Taiwan Fu Hsing Industrial Co  (TPE:9924) 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
=584.204/6902.007
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(584.204 / 6841.6)*(6841.6 / 8975.2145)*(8975.2145 / 6902.007)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.54 %*0.7623*1.3004
=ROA %*Equity Multiplier
=6.51 %*1.3004
=8.46 %

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
=584.204/6902.007
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (584.204 / 730.072) * (730.072 / 473.788) * (473.788 / 6841.6) * (6841.6 / 8975.2145) * (8975.2145 / 6902.007)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8002 * 1.5409 * 6.93 % * 0.7623 * 1.3004
=8.46 %

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.


Taiwan Fu Hsing Industrial Co ROE % Related Terms


Taiwan Fu Hsing Industrial Co ROE % Historical Data

* Premium members only.

The historical data trend for Taiwan Fu Hsing Industrial 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.

Taiwan Fu Hsing Industrial Co ROE % Chart

Taiwan Fu Hsing Industrial 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 11.22 14.33 13.90 12.57 7.35

Taiwan Fu Hsing Industrial 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 11.53 10.89 -2.75 13.93 8.46

TPE:9924 vs TT, JCI, CARR: ROE % Comparison

For the Building Products & Equipment subindustry, Taiwan Fu Hsing Industrial 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.


Taiwan Fu Hsing Industrial Co ROE % vs Construction Industry

For the Construction industry and Industrials sector, Taiwan Fu Hsing Industrial Co's ROE % distribution charts can be found below:

* The bar in red indicates where Taiwan Fu Hsing Industrial Co's ROE % falls into.


TPE:9924
82GF Score
Taiwan Fu Hsing Industrial Co Ltd TPE:9924
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Fu Hsing Industrial Co ROE % Calculation

Taiwan Fu Hsing Industrial 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 )
=533.488/( (7485.972+7036.526)/ 2 )
=533.488/7261.249
=7.35 %

Taiwan Fu Hsing Industrial 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 )
=584.204/( (6767.488+7036.526)/ 2 )
=584.204/6902.007
=8.46 %

* 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 8.46% mean?
Taiwan Fu Hsing Industrial Co (TPE:9924) has a ROE % of 8.46% 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 Taiwan Fu Hsing Industrial Co and its competitors. This is 38% below median its historical median of 13.73. Over the past decade, Taiwan Fu Hsing Industrial Co's ROE % has ranged from 7.35 to 16.18. According to the industry distribution chart, Taiwan Fu Hsing Industrial Co ranks #820 out of 1738 companies in the Construction industry, placing it in the top 47.2%.
Is Taiwan Fu Hsing Industrial Co's ROE % too high?
Taiwan Fu Hsing Industrial Co's current ROE % of 8.46% is 38% below median its 10-year median of 13.73. Over the past 10 years, this metric has ranged from a low of 7.35 to a high of 16.18. The Construction industry median ROE % is 6.72. Taiwan Fu Hsing Industrial Co's value of 8.46% is 26% above this industry median. Based on the distribution chart, Taiwan Fu Hsing Industrial Co ranks #820 out of 1738 companies in the Construction industry, which is above the industry midpoint. Overall, Taiwan Fu Hsing Industrial Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Fu Hsing Industrial Co's ROE % compare to TT and JCI?
According to the Construction industry distribution chart, Taiwan Fu Hsing Industrial Co ranks #820 out of 1738 companies for ROE %. This puts Taiwan Fu Hsing Industrial Co in the upper half of its industry. The industry median ROE % is 6.72. Taiwan Fu Hsing Industrial Co's value of 8.46% is 26% above this benchmark. Historically, Taiwan Fu Hsing Industrial Co's own ROE % has ranged from 7.35 to 16.18 over the past decade. While the company's 10-year median is 13.73 vs. the industry median of 6.72, Taiwan Fu Hsing Industrial 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 Construction company?
The median ROE % among Construction companies is 6.72, based on 1,738 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. Taiwan Fu Hsing Industrial Co's current ROE % of 8.46% is 26% 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 Taiwan Fu Hsing Industrial Co and its competitors. For the Construction industry, the median ROE % is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Fu Hsing Industrial Co's current ROE % is 8.46%, which is 38% below median its own 10-year median of 13.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Fu Hsing Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Fu Hsing Industrial Co (TPE:9924) is currently considered Fairly Valued. The stock's GF Value™ is NT$43.79, compared to a current price of NT$40.00 — trading 8.7% below its estimated fair value. The current ROE % is 8.46%, which is 38% below median its 10-year median of 13.73 and 26% above the Construction industry median of 6.72. Taiwan Fu Hsing Industrial Co's overall GF Score™ is 82/100 with 2 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 Taiwan Fu Hsing Industrial Co (TPE:9924), the current ROE % is 8.46% 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 Taiwan Fu Hsing Industrial Co (TPE:9924) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Fu Hsing Industrial Co stock appears to be undervalued. The current stock price of NT$40.00 is trading 8.7% below its estimated GF Value™ of NT$43.79. GuruFocus considers Taiwan Fu Hsing Industrial Co to be Fairly Valued.

Key valuation signals for TPE:9924:

  • ROE %: 8.46% (38% below median its 10-year median of 13.73)
  • GF Value™: NT$43.79 vs. price of NT$40.00 (8.7% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 26% above the Construction median (#820 of 1738)

No single metric tells the full story. See the TPE:9924 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Fu Hsing Industrial Co Business Description

Address No. 88, Yucai Road, Benzhou Village, Gangshan District, Kaohsiung, TWN, 820
Taiwan Fu Hsing Industrial Co Ltd is engaged in the manufacture and distribution of door locks and related accessories and furniture. The products of the company include commercial door locks, residential door locks, door lock parts, door closing-related products, fire door hardware, electronic door locks, flat handle locks, round handle and flat handle horn locks, auxiliary locks, interlocking locks, large handle locks, and European standard lockboxes, floor springs, and tooling. Geographically, the company generates a majority of its revenue from its customers located in the United States followed by Asia, Europe, and other regions.
82GF Score

Get the complete analysis for TPE:9924

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

NT$40.00
Price
NT$43.79
GF Value