Morgan Stanley China A Share FundCAF -0.33%37 Return-on-Tangible-Asset is 39.96% as of Dec. 2025, which is 570% above its 10-year median of 5.96. GuruFocus rates CAF with a GF Score™ of 37/100. The stock has 4 warning signs investors should review. Among 1,636 Asset Management companies, Morgan Stanley China A Share Fund ranks better than 91.69% on this metric.
The historical rank and industry rank for Morgan Stanley China A Share Fund's Return-on-Tangible-Asset or its related term are showing as below:
CAF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -30.07 Med: 5.96 Max: 30.4
Current: 24.01
During the past 9 years, Morgan Stanley China A Share Fund's highest Return-on-Tangible-Asset was 30.40%. The lowest was -30.07%. And the median was 5.96%.
CAF's Return-on-Tangible-Asset is ranked better than 91.69% of 1636
companies
in the Asset Management industry
Industry Median: 4.135
vs CAF: 24.01
Morgan Stanley China A Share Fund (NYSE:CAF) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Morgan Stanley China A Share Fund Return-on-Tangible-Asset Related Terms
Morgan Stanley China A Share Fund Return-on-Tangible-Asset 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.
Morgan Stanley China A Share Fund Return-on-Tangible-Asset Chart
CAF vs HIO, BKT, HPF: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Morgan Stanley China A Share Fund's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Morgan Stanley China A Share Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Morgan Stanley China A Share Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Morgan Stanley China A Share Fund's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 39.96% mean?
Morgan Stanley China A Share Fund (CAF) has a Return-on-Tangible-Asset of 39.96% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Morgan Stanley China A Share Fund and its competitors. This is 570% above median its historical median of 5.96. According to the industry distribution chart, Morgan Stanley China A Share Fund ranks #136 out of 1636 companies in the Asset Management industry, placing it in the top 8.3%.
Is Morgan Stanley China A Share Fund's Return-on-Tangible-Asset too high?
Morgan Stanley China A Share Fund's current Return-on-Tangible-Asset of 39.96% is 570% above median its 10-year median of 5.96. The Asset Management industry median Return-on-Tangible-Asset is 4.14. Morgan Stanley China A Share Fund's value of 39.96% is 866.4% above this industry median. Based on the distribution chart, Morgan Stanley China A Share Fund ranks #136 out of 1636 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Morgan Stanley China A Share Fund has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley China A Share Fund's Return-on-Tangible-Asset compare to HIO and BKT?
According to the Asset Management industry distribution chart, Morgan Stanley China A Share Fund ranks #136 out of 1636 companies for Return-on-Tangible-Asset. This places Morgan Stanley China A Share Fund in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.14. Morgan Stanley China A Share Fund's value of 39.96% is 866.4% above this benchmark. While the company's 10-year median is 5.96 vs. the industry median of 4.14, Morgan Stanley China A Share Fund 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 Return-on-Tangible-Asset for an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.14, based on 1,636 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morgan Stanley China A Share Fund's current Return-on-Tangible-Asset of 39.96% is 866.4% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Morgan Stanley China A Share Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morgan Stanley China A Share Fund's current Return-on-Tangible-Asset is 39.96%, which is 570% above median its own 10-year median of 5.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Stanley China A Share Fund stock overvalued right now?
Morgan Stanley China A Share Fund (CAF) has a current Return-on-Tangible-Asset of 39.96%. The current Return-on-Tangible-Asset is 39.96%, which is 570% above median its 10-year median of 5.96 and 866.4% above the Asset Management industry median of 4.14. Morgan Stanley China A Share Fund's overall GF Score™ is 37/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Morgan Stanley China A Share Fund (CAF), the current Return-on-Tangible-Asset is 39.96% 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.
Morgan Stanley China A Share Fund Business Description
Morgan Stanley China A Share Fund Inc is the United States based non-diversified, closed-end management investment company. Its investment objective is to seek capital growth by investing a majority of its assets in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges. Its portfolio of investments consists of investment in different sectors such as the aerospace and defense, banks, automobiles, household durables, media, pharmaceuticals, software and other sectors.
37GF Score
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