diff --git a/.changeset/support-composable-ref-detection.md b/.changeset/support-composable-ref-detection.md
new file mode 100644
index 000000000..fa99e6752
--- /dev/null
+++ b/.changeset/support-composable-ref-detection.md
@@ -0,0 +1,5 @@
+---
+'eslint-plugin-vue': minor
+---
+
+Enhanced `vue/no-ref-as-operand` rule to detect ref objects returned from composable functions
diff --git a/lib/utils/ref-object-references.js b/lib/utils/ref-object-references.js
index fe6f26117..c37d5abc0 100644
--- a/lib/utils/ref-object-references.js
+++ b/lib/utils/ref-object-references.js
@@ -275,6 +275,72 @@ function* iterateIdentifierReferences(id, globalScope) {
   }
 }
 
+/**
+ * Check if a function returns a ref() call
+ * @param {FunctionDeclaration | FunctionExpression | ArrowFunctionExpression} node
+ * @returns {boolean}
+ */
+function checkFunctionReturnsRef(node) {
+  const body = node.body
+  if (!body) {
+    return false
+  }
+
+  // For arrow functions with expression body
+  if (
+    node.type === 'ArrowFunctionExpression' &&
+    body.type !== 'BlockStatement'
+  ) {
+    return isRefCall(body)
+  }
+
+  // For function declarations and arrow functions with block body
+  if (body.type === 'BlockStatement') {
+    for (const stmt of body.body) {
+      if (stmt.type === 'ReturnStatement' && stmt.argument) {
+        return isRefCall(stmt.argument)
+      }
+    }
+  }
+
+  return false
+}
+
+/**
+ * Check if an expression is a ref() call or returns a ref object
+ * @param {Expression} expr
+ * @returns {boolean}
+ */
+function isRefCall(expr) {
+  // Direct ref() call
+  if (expr.type === 'CallExpression') {
+    const callee = expr.callee
+    if (callee.type === 'Identifier' && callee.name === 'ref') {
+      return true
+    }
+  }
+
+  // Object with ref properties: { data: ref(...) }
+  if (expr.type === 'ObjectExpression') {
+    for (const prop of expr.properties) {
+      if (prop.type === 'Property' && prop.value && isRefCall(prop.value)) {
+        return true
+      }
+    }
+  }
+
+  // Array with ref items: [ref(...)]
+  if (expr.type === 'ArrayExpression') {
+    for (const element of expr.elements) {
+      if (element && element.type !== 'SpreadElement' && isRefCall(element)) {
+        return true
+      }
+    }
+  }
+
+  return false
+}
+
 /**
  * @param {RuleContext} context The rule context.
  */
@@ -415,6 +481,35 @@ class RefObjectReferenceExtractor {
     this.processPattern(pattern, ctx)
   }
 
+  /**
+   * Process composable function calls that return Ref
+   * @param {CallExpression} node
+   * @param {string} composableName
+   */
+  processComposableRefCall(node, composableName) {
+    const parent = node.parent
+    /** @type {Pattern | null} */
+    let pattern = null
+    if (parent.type === 'VariableDeclarator') {
+      pattern = parent.id
+    } else if (
+      parent.type === 'AssignmentExpression' &&
+      parent.operator === '='
+    ) {
+      pattern = parent.left
+    } else {
+      return
+    }
+
+    const ctx = {
+      method: composableName,
+      define: node,
+      defineChain: [node]
+    }
+
+    this.processPattern(pattern, ctx)
+  }
+
   /**
    * @param {MemberExpression | Identifier} node
    * @param {RefObjectReferenceContext} ctx
@@ -547,6 +642,93 @@ function extractRefObjectReferences(context) {
     references.processDefineModel(node)
   }
 
+  // Process composable functions that return Ref by analyzing all function definitions
+  // Build a map of functions that return Ref by checking all scopes
+  const refReturningFunctions = new Map()
+
+  /**
+   * @param {import('eslint').Scope.Scope} scope
+   */
+  function findRefReturningFunctions(scope) {
+    for (const variable of scope.variables) {
+      if (variable.defs.length === 1) {
+        const def = variable.defs[0]
+        // Function declaration
+        if (def.type === 'FunctionName') {
+          const node = def.node
+          if (checkFunctionReturnsRef(node)) {
+            refReturningFunctions.set(variable.name, node)
+          }
+        }
+        // Variable with function expression
+        else if (def.type === 'Variable' && def.node.init) {
+          const init = def.node.init
+          if (
+            (init.type === 'FunctionExpression' ||
+              init.type === 'ArrowFunctionExpression') &&
+            checkFunctionReturnsRef(init)
+          ) {
+            refReturningFunctions.set(variable.name, init)
+          }
+        }
+      }
+    }
+  }
+
+  // Search all scopes for function definitions
+  const allScopes = sourceCode.scopeManager
+    ? sourceCode.scopeManager.scopes
+    : []
+  for (const scope of allScopes) {
+    findRefReturningFunctions(scope)
+  }
+  if (!sourceCode.scopeManager) {
+    findRefReturningFunctions(globalScope)
+  }
+
+  // Now find all calls to these functions and process them
+  // We need to search through all variables, not just globalScope.variables
+  const searchedVariables = new Set()
+
+  for (const scope of allScopes) {
+    for (const variable of scope.variables) {
+      if (!searchedVariables.has(variable.name)) {
+        searchedVariables.add(variable.name)
+        if (refReturningFunctions.has(variable.name)) {
+          for (const ref of variable.references) {
+            const parent = ref.identifier.parent
+            // Check if this is a call expression to a composable function that returns Ref
+            if (
+              parent &&
+              parent.type === 'CallExpression' &&
+              parent.callee === ref.identifier
+            ) {
+              references.processComposableRefCall(parent, variable.name)
+            }
+          }
+        }
+      }
+    }
+  }
+
+  if (!sourceCode.scopeManager) {
+    for (const variable of globalScope.variables) {
+      if (refReturningFunctions.has(variable.name)) {
+        for (const ref of variable.references) {
+          const parent = ref.identifier.parent
+          // Check if this is a call expression to a composable function that returns Ref
+          if (
+            parent &&
+            parent.type === 'CallExpression' &&
+            parent.callee === ref.identifier
+          ) {
+            references.processComposableRefCall(parent, variable.name)
+          }
+        }
+      }
+    }
+  }
+
   cacheForRefObjectReferences.set(sourceCode.ast, references)
 
   return references
diff --git a/tests/lib/rules/no-ref-as-operand.js b/tests/lib/rules/no-ref-as-operand.js
index 86cd7bd54..80cb728ca 100644
--- a/tests/lib/rules/no-ref-as-operand.js
+++ b/tests/lib/rules/no-ref-as-operand.js
@@ -307,6 +307,44 @@ tester.run('no-ref-as-operand', rule, {
       }
     })
     </script>
+    `,
+    `
+    import { ref } from 'vue'
+
+    function useCount() {
+      return ref(0)
+    }
+
+    const count = useCount()
+    console.log(count.value)
+    `,
+    `
+    import { ref } from 'vue'
+
+    const useList = () => ref([])
+
+    const list = useList()
+    console.log(list.value)
+    `,
+    `
+    import { ref } from 'vue'
+
+    function useMultiple() {
+      return [ref(0), ref(1)]
+    }
+
+    const [a, b] = useMultiple()
+    console.log(a.value, b.value)
+    `,
+    `
+    import { ref } from 'vue'
+
+    function useRef() {
+      return ref(0)
+    }
+
+    const count = useRef()
+    count.value++
     `
   ],
   invalid: [
@@ -1249,6 +1287,66 @@ tester.run('no-ref-as-operand', rule, {
           endColumn: 28
         }
       ]
+    },
+    {
+      code: `
+      import { ref } from 'vue'
+
+      function useCount() {
+        return ref(0)
+      }
+
+      const count = useCount()
+      count++ // error
+      `,
+      output: `
+      import { ref } from 'vue'
+
+      function useCount() {
+        return ref(0)
+      }
+
+      const count = useCount()
+      count.value++ // error
+      `,
+      errors: [
+        {
+          message:
+            'Must use `.value` to read or write the value wrapped by `useCount()`.',
+          line: 9,
+          column: 7,
+          endLine: 9,
+          endColumn: 12
+        }
+      ]
+    },
+    {
+      code: `
+      import { ref } from 'vue'
+
+      const useList = () => ref([])
+
+      const list = useList()
+      list + 1 // error
+      `,
+      output: `
+      import { ref } from 'vue'
+
+      const useList = () => ref([])
+
+      const list = useList()
+      list.value + 1 // error
+      `,
+      errors: [
+        {
+          message:
+            'Must use `.value` to read or write the value wrapped by `useList()`.',
+          line: 7,
+          column: 7,
+          endLine: 7,
+          endColumn: 11
+        }
+      ]
     }
   ]
 })