Choice Development (TPE:9929) ROE %: 6.50% (As of Dec. 2025)


TPE:9929 Choice Development Inc TPE:9929
74 GF Score
Price NT$11.20
GF Value NT$14.50
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Choice Development ROE %?

Choice Development TPE:9929 +0.90% 74 ROE % is 6.50% as of Dec. 2025. GuruFocus rates TPE:9929 with a GF Score™ of 74/100 and a GF Value™ of NT$14.50 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,057 Business Services companies, Choice Development ranks worse than 76.06% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Choice Development's annualized net income for the quarter that ended in Dec. 2025 was NT$50.7 Mil. Choice Development's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$778.9 Mil. Therefore, Choice Development's annualized ROE % for the quarter that ended in Dec. 2025 was 6.50%.

The historical rank and industry rank for Choice Development's ROE % or its related term are showing as below:

TPE:9929' s ROE % Range Over the Past 10 Years
Min: -24.75   Med: -0.28   Max: 85.78
Current: -0.87

During the past 13 years, Choice Development's highest ROE % was 85.78%. The lowest was -24.75%. And the median was -0.28%.

TPE:9929's ROE % is ranked worse than
76.06% of 1057 companies
in the Business Services industry
Industry Median: 8.03 vs TPE:9929: -0.87

Choice Development  (TPE:9929) 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
=50.66/778.892
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(50.66 / 709.652)*(709.652 / 1811.7395)*(1811.7395 / 778.892)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.14 %*0.3917*2.326
=ROA %*Equity Multiplier
=2.8 %*2.326
=6.50 %

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
=50.66/778.892
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (50.66 / 52.392) * (52.392 / 66.896) * (66.896 / 709.652) * (709.652 / 1811.7395) * (1811.7395 / 778.892)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9669 * 0.7832 * 9.43 % * 0.3917 * 2.326
=6.50 %

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.


Choice Development ROE % Related Terms


Choice Development ROE % Historical Data

* Premium members only.

The historical data trend for Choice Development'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.

Choice Development ROE % Chart

Choice Development 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 0.46 -8.89 -12.57 -1.69 -0.86

Choice Development 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 2.26 -5.69 -2.26 -1.82 6.50

TPE:9929 vs CTAS, CPRT, ULS: ROE % Comparison

For the Specialty Business Services subindustry, Choice Development'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.


Choice Development ROE % vs Business Services Industry

For the Business Services industry and Industrials sector, Choice Development's ROE % distribution charts can be found below:

* The bar in red indicates where Choice Development's ROE % falls into.


TPE:9929
74GF Score
Choice Development Inc TPE:9929
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Choice Development ROE % Calculation

Choice Development'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 )
=-6.922/( (825.075+781.076)/ 2 )
=-6.922/803.0755
=-0.86 %

Choice Development'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 )
=50.66/( (776.708+781.076)/ 2 )
=50.66/778.892
=6.50 %

* 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 6.50% mean?
Choice Development (TPE:9929) has a ROE % of 6.50% 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 Choice Development and its competitors. According to the industry distribution chart, Choice Development ranks #804 out of 1057 companies in the Business Services industry, placing it in the top 76.1%.
Is Choice Development's ROE % too high?
Choice Development's current ROE % is 6.50%. The Business Services industry median ROE % is 8.03. Choice Development's value of 6.50% is 19.1% below this industry median. Based on the distribution chart, Choice Development ranks #804 out of 1057 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Choice Development has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Choice Development's ROE % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Choice Development ranks #804 out of 1057 companies for ROE %. This places Choice Development in the lower half of its industry. The industry median ROE % is 8.03. Choice Development's value of 6.50% is 19.1% below this benchmark. 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 Business Services company?
The median ROE % among Business Services companies is 8.03, based on 1,057 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. Choice Development's current ROE % of 6.50% is 19.1% 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 Choice Development and its competitors. For the Business Services industry, the median ROE % is 8.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Choice Development's current ROE % is 6.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Choice Development stock overvalued right now?
Based on GuruFocus' analysis, Choice Development (TPE:9929) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$14.50, compared to a current price of NT$11.20 — trading 22.8% below its estimated fair value. The current ROE % is 6.50% and 19.1% below the Business Services industry median of 8.03. Choice Development'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 Choice Development (TPE:9929), the current ROE % is 6.50% 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 Choice Development (TPE:9929) Overvalued in 2026?

Based on GuruFocus' analysis, Choice Development stock appears to be undervalued. The current stock price of NT$11.20 is trading 22.8% below its estimated GF Value™ of NT$14.50. GuruFocus considers Choice Development to be Modestly Undervalued.

Key valuation signals for TPE:9929:

  • ROE %: 6.50%
  • GF Value™: NT$14.50 vs. price of NT$11.20 (22.8% below fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 19.1% below the Business Services median (#804 of 1057)

No single metric tells the full story. See the TPE:9929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Choice Development Business Description

Address Civic Boulevard, 9th Floor, No. 288, Section 6, Yongji Village, Xinyi District, Taipei, TWN, 10565
Choice Development Inc is engaged in printing, packaging material production, photography, plate making, binding, planning and design, and medical equipment retailing. The company's operating segments are the Printing, Advertising, Innovation, and Development. The majority of its revenue is generated from the Printing department.
74GF Score

Get the complete analysis for TPE:9929

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

NT$11.20
Price
NT$14.50
GF Value