ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Taiwan Printed Circuit Board Techvest's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 3.32%.
As of today (2026-06-30), Taiwan Printed Circuit Board Techvest's WACC % is 1.77%. Taiwan Printed Circuit Board Techvest's ROIC % is 3.84% (calculated using TTM income statement data).
Taiwan Printed Circuit Board Techvest generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Taiwan Printed Circuit Board Techvest's WACC % is 1.77%. Taiwan Printed Circuit Board Techvest's ROIC % is 3.84% (calculated using TTM income statement data).
Taiwan Printed Circuit Board Techvest generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Taiwan Printed Circuit Board Techvest ROIC % Related Terms
Taiwan Printed Circuit Board Techvest ROIC % Historical Data
* 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 Electronic Components subindustry, Taiwan Printed Circuit Board Techvest's ROIC %, along with its competitors' market caps and ROIC % 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 Printed Circuit Board Techvest ROIC % vs Hardware Industry
Note:
The Operating Income data used here is four times the quarterly (Dec. 2025) data.
The tax rate is limited to between 0% and 100%.
* 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 Printed Circuit Board Techvest (TPE:8213) has a ROIC % of 3.32% as of Dec. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Taiwan Printed Circuit Board Techvest and its competitors.
Is Taiwan Printed Circuit Board Techvest's ROIC % too high?
Taiwan Printed Circuit Board Techvest's current ROIC % is 3.32%. The Hardware industry median ROIC % is 4.10. Taiwan Printed Circuit Board Techvest's value of 3.32% is 19% below this industry median. Overall, Taiwan Printed Circuit Board Techvest has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Printed Circuit Board Techvest's ROIC % compare to APH and GLW?
Taiwan Printed Circuit Board Techvest's ROIC % of 3.32% can be compared against companies in the Hardware industry. The industry median ROIC % is 4.10. Taiwan Printed Circuit Board Techvest's value of 3.32% is 19% 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 ROIC % for a Hardware company?
The median ROIC % among Hardware companies is 4.10, based on 2,448 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiwan Printed Circuit Board Techvest's current ROIC % of 3.32% is 19% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Taiwan Printed Circuit Board Techvest and its competitors. For the Hardware industry, the median ROIC % is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Printed Circuit Board Techvest's current ROIC % is 3.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Printed Circuit Board Techvest stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Printed Circuit Board Techvest (TPE:8213) is currently considered Fairly Valued. The stock's GF Value™ is NT$36.24, compared to a current price of NT$36.65 — trading 1.1% above its estimated fair value. The current ROIC % is 3.32% and 19% below the Hardware industry median of 4.10. Taiwan Printed Circuit Board Techvest's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Taiwan Printed Circuit Board Techvest (TPE:8213), the current ROIC % is 3.32% 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 Taiwan Printed Circuit Board Techvest (TPE:8213) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Printed Circuit Board Techvest stock appears to be overvalued.
The current stock price of NT$36.65 is trading 1.1% above its estimated GF Value™ of NT$36.24.
GuruFocus considers Taiwan Printed Circuit Board Techvest to be Fairly Valued.
Key valuation signals for TPE:8213:
ROIC %: 3.32%
GF Value™: NT$36.24 vs. price of NT$36.65 (1.1% above fair value)
No single metric tells the full story. See the TPE:8213 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Printed Circuit Board Techvest Business Description
Taiwan Printed Circuit Board Techvest Ltd is a manufacturing service company that manufactures and sells electronic components and printed circuit boards. The product portfolio includes liquid crystal display boards, notebook boards, LCD high-order displays, LED boards, and aluminum plates. The company has factories in Taiwan, Vietnam and China.
76GF Score
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