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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Global Heavy Chemicals's annualizedNet Income for the quarter that ended in Mar. 2026 was BDT-283.39 Mil. Global Heavy Chemicals's average total tangible assets for the quarter that ended in Mar. 2026 was BDT7,161.68 Mil. Therefore, Global Heavy Chemicals's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -3.96%.
The historical rank and industry rank for Global Heavy Chemicals's Return-on-Tangible-Asset or its related term are showing as below:
DHA:GHCL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.68 Med: 0.45 Max: 1.83
Current: -3.89
During the past 13 years, Global Heavy Chemicals's highest Return-on-Tangible-Asset was 1.83%. The lowest was -8.68%. And the median was 0.45%.
DHA:GHCL's Return-on-Tangible-Asset is ranked worse than 83.56% of 1612
companies
in the Chemicals industry
Industry Median: 3.07
vs DHA:GHCL: -3.89
Global Heavy Chemicals (DHA:GHCL) 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.
Global Heavy Chemicals Return-on-Tangible-Asset Related Terms
Global Heavy Chemicals Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Global Heavy Chemicals's Return-on-Tangible-Asset 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.
Global Heavy Chemicals Return-on-Tangible-Asset Chart
DHA:GHCL vs DOW: Return-on-Tangible-Asset Comparison
For the Chemicals subindustry, Global Heavy Chemicals'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.
Global Heavy Chemicals Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Global Heavy Chemicals's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Global Heavy Chemicals'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 -3.96% mean?
Global Heavy Chemicals (DHA:GHCL) has a Return-on-Tangible-Asset of -3.96% 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 Global Heavy Chemicals and its competitors. According to the industry distribution chart, Global Heavy Chemicals ranks #1347 out of 1612 companies in the Chemicals industry, placing it in the top 83.6%.
Is Global Heavy Chemicals' Return-on-Tangible-Asset too high?
Global Heavy Chemicals' current Return-on-Tangible-Asset is -3.96%. Based on the distribution chart, Global Heavy Chemicals ranks #1347 out of 1612 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Global Heavy Chemicals has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Global Heavy Chemicals' Return-on-Tangible-Asset compare to DOW?
According to the Chemicals industry distribution chart, Global Heavy Chemicals ranks #1347 out of 1612 companies for Return-on-Tangible-Asset. This places Global Heavy Chemicals in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.07. 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.07, based on 1,612 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. 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 Global Heavy Chemicals and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Heavy Chemicals's current Return-on-Tangible-Asset is -3.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Heavy Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Global Heavy Chemicals (DHA:GHCL) is currently considered Significantly Overvalued. The stock's GF Value™ is BDT5.03, compared to a current price of BDT25.20 — trading 401% above its estimated fair value. The current Return-on-Tangible-Asset is -3.96%. Global Heavy Chemicals' overall GF Score™ is 60/100 with 7 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 Global Heavy Chemicals (DHA:GHCL), the current Return-on-Tangible-Asset is -3.96% 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 Global Heavy Chemicals (DHA:GHCL) Overvalued in 2026?
Based on GuruFocus' analysis, Global Heavy Chemicals stock appears to be overvalued.
The current stock price of BDT25.20 is trading 401% above its estimated GF Value™ of BDT5.03.
GuruFocus considers Global Heavy Chemicals to be Significantly Overvalued.
Key valuation signals for DHA:GHCL:
Return-on-Tangible-Asset: -3.96%
GF Value™: BDT5.03 vs. price of BDT25.20 (401% above fair value)
No single metric tells the full story. See the DHA:GHCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Heavy Chemicals Ltd is Bangladesh-Based a chemical manufacturing company. The principal business activity of the company is to manufacture and distribute Sodium hydroxide, Chlorine and other chemical products. Its product portfolio includes certain brands for retail purposes such as Clotech Liquid Bleach, Tuffclean Tiles Cleaner and others.
60GF Score
Get the complete analysis for DHA:GHCL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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