Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Cheng Shin Rubber Industry Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 1.55%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
TPE:2105's 3-Year ROIIC % is ranked worse than 55.27% of 1252
companies
in the Vehicles & Parts industry
Industry Median: 4.24
vs TPE:2105: 1.55
Cheng Shin Rubber Industry Co (TPE:2105) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Cheng Shin Rubber Industry Co 3-Year ROIIC % Related Terms
Cheng Shin Rubber Industry Co 3-Year ROIIC % 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.
Cheng Shin Rubber Industry Co 3-Year ROIIC % Chart
For the Auto Parts subindustry, Cheng Shin Rubber Industry Co's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.
Cheng Shin Rubber Industry Co 3-Year ROIIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Cheng Shin Rubber Industry Co's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Cheng Shin Rubber Industry Co (TPE:2105) has a 3-Year ROIIC % of 1.55 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Cheng Shin Rubber Industry Co and its competitors. According to the industry distribution chart, Cheng Shin Rubber Industry Co ranks #692 out of 1252 companies in the Vehicles & Parts industry, placing it in the top 55.3%.
Is Cheng Shin Rubber Industry Co's 3-Year ROIIC % too high?
Cheng Shin Rubber Industry Co's current 3-Year ROIIC % is 1.55. The Vehicles & Parts industry median 3-Year ROIIC % is 4.24. Cheng Shin Rubber Industry Co's value of 1.55 is 63.4% below this industry median. Based on the distribution chart, Cheng Shin Rubber Industry Co ranks #692 out of 1252 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Cheng Shin Rubber Industry Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Shin Rubber Industry Co's 3-Year ROIIC % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Cheng Shin Rubber Industry Co ranks #692 out of 1252 companies for 3-Year ROIIC %. This places Cheng Shin Rubber Industry Co in the lower half of its industry. The industry median 3-Year ROIIC % is 4.24. Cheng Shin Rubber Industry Co's value of 1.55 is 63.4% 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 3-Year ROIIC % for a Vehicles & Parts company?
The median 3-Year ROIIC % among Vehicles & Parts companies is 4.24, based on 1,252 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cheng Shin Rubber Industry Co's current 3-Year ROIIC % of 1.55 is 63.4% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Cheng Shin Rubber Industry Co and its competitors. For the Vehicles & Parts industry, the median 3-Year ROIIC % is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheng Shin Rubber Industry Co's current 3-Year ROIIC % is 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Shin Rubber Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Cheng Shin Rubber Industry Co (TPE:2105) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$42.46, compared to a current price of NT$31.25 — trading 26.4% below its estimated fair value. The current 3-Year ROIIC % is 1.55 and 63.4% below the Vehicles & Parts industry median of 4.24. Cheng Shin Rubber Industry Co's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Cheng Shin Rubber Industry Co (TPE:2105), the current 3-Year ROIIC % is 1.55 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 Cheng Shin Rubber Industry Co (TPE:2105) Overvalued in 2026?
Based on GuruFocus' analysis, Cheng Shin Rubber Industry Co stock appears to be undervalued.
The current stock price of NT$31.25 is trading 26.4% below its estimated GF Value™ of NT$42.46.
GuruFocus considers Cheng Shin Rubber Industry Co to be Modestly Undervalued.
Key valuation signals for TPE:2105:
3-Year ROIIC %: 1.55
GF Value™: NT$42.46 vs. price of NT$31.25 (26.4% below fair value)
Industry Position: 63.4% below the Vehicles & Parts median (#692 of 1252)
No single metric tells the full story. See the TPE:2105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheng Shin Rubber Industry Co Business Description
Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and others. The Business organization is divided into Cheng Shin (Taiwan), MAXXIS (Taiwan) Trading, Cheng Shin (Xiamen), Cheng Shin (China), Petrel (Xiamen), Cheng Shin (Thailand), and other segments based on the nature of each company. The main sources of sales revenue are from manufacturing and sales of bicycle tires, electrical vehicle tires, reclaimed rubber, etc. Its geographical segments are Taiwan, China, the United States, and Others.
73GF Score
Get the complete analysis for TPE:2105
3-Year ROIIC % 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:2105 has been successfully added to your 
