Mayer Steel Pipe (TPE:2020) 3-Year RORE % : -40.11% (As of Dec. 2025)


TPE:2020 Mayer Steel Pipe Corp TPE:2020
75 GF Score
Price NT$21.45
GF Value NT$20.88
Valuation Fairly Valued
! 5 Warning Signs
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What is Mayer Steel Pipe 3-Year RORE %?

Mayer Steel Pipe TPE:2020 75 3-Year RORE % is -40.11 as of Dec. 2025. GuruFocus rates TPE:2020 with a GF Score™ of 75/100 and a GF Value™ of NT$20.88 (Fairly Valued). The stock has 5 warning signs investors should review. Among 600 Steel companies, Mayer Steel Pipe ranks worse than 76.5% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Mayer Steel Pipe's 3-Year RORE % for the quarter that ended in Dec. 2025 was -40.11%.

The industry rank for Mayer Steel Pipe's 3-Year RORE % or its related term are showing as below:

TPE:2020's 3-Year RORE % is ranked worse than
76.5% of 600 companies
in the Steel industry
Industry Median: 0.475 vs TPE:2020: -40.11

Mayer Steel Pipe  (TPE:2020) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Mayer Steel Pipe 3-Year RORE % Related Terms


Mayer Steel Pipe 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Mayer Steel Pipe's 3-Year RORE % 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.

Mayer Steel Pipe 3-Year RORE % Chart

Mayer Steel Pipe Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.08 737.50 31.42 70.18 -40.11

Mayer Steel Pipe Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
3-Year RORE % 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 70.18 44.66 23.56 -15.79 -40.11

TPE:2020 vs NUE, STLD, RS: 3-Year RORE % Comparison

For the Steel subindustry, Mayer Steel Pipe's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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.


Mayer Steel Pipe 3-Year RORE % vs Steel Industry

For the Steel industry and Basic Materials sector, Mayer Steel Pipe's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where Mayer Steel Pipe's 3-Year RORE % falls into.


TPE:2020
75GF Score
Mayer Steel Pipe Corp TPE:2020
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mayer Steel Pipe 3-Year RORE % Calculation

Mayer Steel Pipe's 3-Year RORE % for the quarter that ended in Dec. 2025 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 2.128-3.9 )/( 9.118-4.7 )
=-1.772/4.418
=-40.11 %

* 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 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Dec. 2025 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of -40.11 mean?
Mayer Steel Pipe (TPE:2020) has a 3-Year RORE % of -40.11 as of Dec. 2025. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Mayer Steel Pipe and its competitors. According to the industry distribution chart, Mayer Steel Pipe ranks #459 out of 600 companies in the Steel industry, placing it in the top 76.5%.
Is Mayer Steel Pipe's 3-Year RORE % too high?
Mayer Steel Pipe's current 3-Year RORE % is -40.11. Based on the distribution chart, Mayer Steel Pipe ranks #459 out of 600 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Mayer Steel Pipe has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mayer Steel Pipe's 3-Year RORE % compare to NUE and STLD?
According to the Steel industry distribution chart, Mayer Steel Pipe ranks #459 out of 600 companies for 3-Year RORE %. This places Mayer Steel Pipe in the lower half of its industry. The industry median 3-Year RORE % is 0.48. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year RORE % for a Steel company?
The median 3-Year RORE % among Steel companies is 0.48, based on 600 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Mayer Steel Pipe and its competitors. For the Steel industry, the median 3-Year RORE % is 0.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayer Steel Pipe's current 3-Year RORE % is -40.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayer Steel Pipe stock overvalued right now?
Based on GuruFocus' analysis, Mayer Steel Pipe (TPE:2020) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.88, compared to a current price of NT$21.45 — trading 2.7% above its estimated fair value. The current 3-Year RORE % is -40.11. Mayer Steel Pipe's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Mayer Steel Pipe (TPE:2020), the current 3-Year RORE % is -40.11 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 Mayer Steel Pipe (TPE:2020) Overvalued in 2026?

Based on GuruFocus' analysis, Mayer Steel Pipe stock appears to be overvalued. The current stock price of NT$21.45 is trading 2.7% above its estimated GF Value™ of NT$20.88. GuruFocus considers Mayer Steel Pipe to be Fairly Valued.

Key valuation signals for TPE:2020:

  • 3-Year RORE %: -40.11
  • GF Value™: NT$20.88 vs. price of NT$21.45 (2.7% above fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the TPE:2020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mayer Steel Pipe Business Description

Address No. 2-1, Section 3, Minquan East Road, 12th Floor, Zhongshan District, Taipei, TWN, 10477
Mayer Steel Pipe Corp operates as a steel pipe manufacturer in Taiwan. The primary business of the company and its entities is engaged in the production and sales of black steel pipes, galvanized steel pipes and stainless-steel coils for pipes. The company's reportable segments are the Steel Segment, Real Estate Investment Segment, Investment Segment, and Hotel Services Segment. The majority of revenue is derived from the Steel department, which focuses on the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for Pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.
75GF Score

Get the complete analysis for TPE:2020

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

NT$21.45
Price
NT$20.88
GF Value