Taiwan PaihoTPE:9938 -1.09%78 ROE % is 6.72% as of Dec. 2025, which is 58% below its 10-year median of 16.08. GuruFocus rates TPE:9938 with a GF Score™ of 78/100 and a GF Value™ of NT$68.91 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,018 Manufacturing - Apparel & Accessories companies, Taiwan Paiho ranks better than 72.5% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Taiwan Paiho's annualized net income for the quarter that ended in Dec. 2025 was NT$873 Mil. Taiwan Paiho's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$12,995 Mil. Therefore, Taiwan Paiho's annualized ROE % for the quarter that ended in Dec. 2025 was 6.72%.
The historical rank and industry rank for Taiwan Paiho's ROE % or its related term are showing as below:
TPE:9938'
s ROE % Range Over the Past 10 Years
Min: 4.98 Med: 16.08 Max: 20.08
Current: 9.53
During the past 13 years, Taiwan Paiho's highest ROE % was 20.08%. The lowest was 4.98%. And the median was 16.08%.
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 (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 Paiho ROE % Related Terms
Taiwan Paiho ROE % Historical Data
* Premium members only.
The historical data trend for Taiwan Paiho'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 Textile Manufacturing subindustry, Taiwan Paiho'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 Paiho ROE % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Taiwan Paiho's ROE % distribution charts can be found below:
* The bar in red indicates where Taiwan Paiho'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 (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Taiwan Paiho (TPE:9938) has a ROE % of 6.72% 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 Paiho and its competitors. This is 58% below median its historical median of 16.08. Over the past decade, Taiwan Paiho's ROE % has ranged from 4.98 to 20.08. According to the industry distribution chart, Taiwan Paiho ranks #280 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 27.5%.
Is Taiwan Paiho's ROE % too high?
Taiwan Paiho's current ROE % of 6.72% is 58% below median its 10-year median of 16.08. Over the past 10 years, this metric has ranged from a low of 4.98 to a high of 20.08. The Manufacturing - Apparel & Accessories industry median ROE % is 4.04. Taiwan Paiho's value of 6.72% is 66.3% above this industry median. Based on the distribution chart, Taiwan Paiho ranks #280 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Taiwan Paiho has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Paiho's ROE % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Taiwan Paiho ranks #280 out of 1018 companies for ROE %. This puts Taiwan Paiho in the upper half of its industry. The industry median ROE % is 4.04. Taiwan Paiho's value of 6.72% is 66.3% above this benchmark. Historically, Taiwan Paiho's own ROE % has ranged from 4.98 to 20.08 over the past decade. While the company's 10-year median is 16.08 vs. the industry median of 4.04, Taiwan Paiho 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 Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.04, based on 1,018 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 Paiho's current ROE % of 6.72% is 66.3% 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 Paiho and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Paiho's current ROE % is 6.72%, which is 58% below median its own 10-year median of 16.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Paiho stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Paiho (TPE:9938) is currently considered Possible Value Trap. The stock's GF Value™ is NT$68.91, compared to a current price of NT$45.40 — trading 34.1% below its estimated fair value. The current ROE % is 6.72%, which is 58% below median its 10-year median of 16.08 and 66.3% above the Manufacturing - Apparel & Accessories industry median of 4.04. Taiwan Paiho's overall GF Score™ is 78/100 with 7 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 Paiho (TPE:9938), the current ROE % is 6.72% 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 Paiho (TPE:9938) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Paiho stock appears to be undervalued.
The current stock price of NT$45.40 is trading 34.1% below its estimated GF Value™ of NT$68.91.
GuruFocus considers Taiwan Paiho to be Possible Value Trap.
Key valuation signals for TPE:9938:
ROE %: 6.72% (58% below median its 10-year median of 16.08)
GF Value™: NT$68.91 vs. price of NT$45.40 (34.1% below fair value)
Industry Position: 66.3% above the Manufacturing - Apparel & Accessories median (#280 of 1018)
No single metric tells the full story. See the TPE:9938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Paiho Ltd manufactures and sells touch fasteners, webbing, shoelaces, elastic, easy tape, and related superficial materials, as well as residential buildings constructed by entrusted construction contractors. The Group is also engaged in the construction business, including the sale of housing, shopping centers, and office buildings constructed by entrusted construction contractors. The Group operates through two reportable segments: Production, which generates maximum revenue, and Construction. Its business mainly operates in Taiwan, China, and Vietnam, with maximum revenue generated from Vietnam.
78GF Score
Get the complete analysis for TPE:9938
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:9938 has been successfully added to your 
