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China Tourism Group Duty FreeCTGDF 81 Return-on-Tangible-Asset is 12.35% as of Mar. 2026, which is 4% below its 10-year median of 12.81. GuruFocus rates CTGDF with a GF Score™ of 81/100 and a GF Value™ of $8.07 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,139 Retail - Cyclical companies, China Tourism Group Duty Free ranks better than 65.23% on this metric.
The historical rank and industry rank for China Tourism Group Duty Free's Return-on-Tangible-Asset or its related term are showing as below:
CTGDF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.91 Med: 12.81 Max: 20.25
Current: 5.31
During the past 13 years, China Tourism Group Duty Free's highest Return-on-Tangible-Asset was 20.25%. The lowest was 4.91%. And the median was 12.81%.
CTGDF's Return-on-Tangible-Asset is ranked better than 65.23% of 1139
companies
in the Retail - Cyclical industry
Industry Median: 2.97
vs CTGDF: 5.31
China Tourism Group Duty Free (OTCPK:CTGDF) 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.
China Tourism Group Duty Free Return-on-Tangible-Asset Related Terms
China Tourism Group Duty Free 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.
China Tourism Group Duty Free Return-on-Tangible-Asset Chart
CTGDF vs CASY, WSM, ULTA: Return-on-Tangible-Asset Comparison
For the Specialty Retail subindustry, China Tourism Group Duty Free'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.
China Tourism Group Duty Free Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Tourism Group Duty Free'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 12.35% mean?
China Tourism Group Duty Free (CTGDF) has a Return-on-Tangible-Asset of 12.35% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on China Tourism Group Duty Free and its competitors. This is near median its historical median of 12.81. Over the past decade, China Tourism Group Duty Free's Return-on-Tangible-Asset has ranged from 4.91 to 20.25. According to the industry distribution chart, China Tourism Group Duty Free ranks #396 out of 1139 companies in the Retail - Cyclical industry, placing it in the top 34.8%.
Is China Tourism Group Duty Free's Return-on-Tangible-Asset too high?
China Tourism Group Duty Free's current Return-on-Tangible-Asset of 12.35% is near median its 10-year median of 12.81. Over the past 10 years, this metric has ranged from a low of 4.91 to a high of 20.25. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.97. China Tourism Group Duty Free's value of 12.35% is 315.8% above this industry median. Based on the distribution chart, China Tourism Group Duty Free ranks #396 out of 1139 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, China Tourism Group Duty Free has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's Return-on-Tangible-Asset compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, China Tourism Group Duty Free ranks #396 out of 1139 companies for Return-on-Tangible-Asset. This puts China Tourism Group Duty Free in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.97. China Tourism Group Duty Free's value of 12.35% is 315.8% above this benchmark. Historically, China Tourism Group Duty Free's own Return-on-Tangible-Asset has ranged from 4.91 to 20.25 over the past decade. While the company's 10-year median is 12.81 vs. the industry median of 2.97, China Tourism Group Duty Free 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 a Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.97, based on 1,139 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. China Tourism Group Duty Free's current Return-on-Tangible-Asset of 12.35% is 315.8% 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 China Tourism Group Duty Free and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Tourism Group Duty Free's current Return-on-Tangible-Asset is 12.35%, which is near median its own 10-year median of 12.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
Based on GuruFocus' analysis, China Tourism Group Duty Free (CTGDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.07, compared to a current price of $6.25 — trading 22.6% below its estimated fair value. The current Return-on-Tangible-Asset is 12.35%, which is near median its 10-year median of 12.81 and 315.8% above the Retail - Cyclical industry median of 2.97. China Tourism Group Duty Free's overall GF Score™ is 81/100 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 China Tourism Group Duty Free (CTGDF), the current Return-on-Tangible-Asset is 12.35% as of Mar. 2026. 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 China Tourism Group Duty Free (CTGDF) Overvalued in 2026?
Based on GuruFocus' analysis, China Tourism Group Duty Free stock appears to be undervalued.
The current stock price of $6.25 is trading 22.6% below its estimated GF Value™ of $8.07.
GuruFocus considers China Tourism Group Duty Free to be Modestly Undervalued.
Key valuation signals for CTGDF:
Return-on-Tangible-Asset: 12.35% (near median its 10-year median of 12.81)
GF Value™: $8.07 vs. price of $6.25 (22.6% below fair value)
Industry Position: 315.8% above the Retail - Cyclical median (#396 of 1139)
No single metric tells the full story. See the CTGDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
81GF Score
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