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National Polymer IndustriesDHA:NPOLYMER -2.13%68 Return-on-Tangible-Asset is 0.62% as of Mar. 2026, which is 76% below its 10-year median of 2.55. GuruFocus rates DHA:NPOLYMER with a GF Score™ of 68/100 and a GF Value™ of BDT17.27 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,786 Construction companies, National Polymer Industries ranks worse than 75.42% on this metric.
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. National Polymer Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was BDT51 Mil. National Polymer Industries's average total tangible assets for the quarter that ended in Mar. 2026 was BDT8,228 Mil. Therefore, National Polymer Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.62%.
The historical rank and industry rank for National Polymer Industries's Return-on-Tangible-Asset or its related term are showing as below:
DHA:NPOLYMER'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.35 Med: 2.55 Max: 3.46
Current: -0.35
During the past 13 years, National Polymer Industries's highest Return-on-Tangible-Asset was 3.46%. The lowest was -0.35%. And the median was 2.55%.
DHA:NPOLYMER's Return-on-Tangible-Asset is ranked worse than 75.42% of 1786
companies
in the Construction industry
Industry Median: 3.055
vs DHA:NPOLYMER: -0.35
National Polymer Industries (DHA:NPOLYMER) 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.
National Polymer Industries Return-on-Tangible-Asset Related Terms
National Polymer Industries 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.
National Polymer Industries Return-on-Tangible-Asset Chart
DHA:NPOLYMER vs TT, JCI, CARR: Return-on-Tangible-Asset Comparison
For the Building Products & Equipment subindustry, National Polymer Industries'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.
National Polymer Industries Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, National Polymer Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where National Polymer Industries'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 0.62% mean?
National Polymer Industries (DHA:NPOLYMER) has a Return-on-Tangible-Asset of 0.62% 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 National Polymer Industries and its competitors. This is 76% below median its historical median of 2.55. According to the industry distribution chart, National Polymer Industries ranks #1347 out of 1786 companies in the Construction industry, placing it in the top 75.4%.
Is National Polymer Industries' Return-on-Tangible-Asset too high?
National Polymer Industries' current Return-on-Tangible-Asset of 0.62% is 76% below median its 10-year median of 2.55. The Construction industry median Return-on-Tangible-Asset is 3.06. National Polymer Industries' value of 0.62% is 79.7% below this industry median. Based on the distribution chart, National Polymer Industries ranks #1347 out of 1786 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, National Polymer Industries has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Polymer Industries' Return-on-Tangible-Asset compare to TT and JCI?
According to the Construction industry distribution chart, National Polymer Industries ranks #1347 out of 1786 companies for Return-on-Tangible-Asset. This places National Polymer Industries in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.06. National Polymer Industries' value of 0.62% is 79.7% below this benchmark. While the company's 10-year median is 2.55 vs. the industry median of 3.06, National Polymer Industries has consistently been below 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,786 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. National Polymer Industries's current Return-on-Tangible-Asset of 0.62% is 79.7% below 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 National Polymer Industries and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Polymer Industries's current Return-on-Tangible-Asset is 0.62%, which is 76% below median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Polymer Industries stock overvalued right now?
Based on GuruFocus' analysis, National Polymer Industries (DHA:NPOLYMER) is currently considered Significantly Overvalued. The stock's GF Value™ is BDT17.27, compared to a current price of BDT36.70 — trading 112.5% above its estimated fair value. The current Return-on-Tangible-Asset is 0.62%, which is 76% below median its 10-year median of 2.55 and 79.7% below the Construction industry median of 3.06. National Polymer Industries' overall GF Score™ is 68/100 with 10 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 National Polymer Industries (DHA:NPOLYMER), the current Return-on-Tangible-Asset is 0.62% 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 National Polymer Industries (DHA:NPOLYMER) Overvalued in 2026?
Based on GuruFocus' analysis, National Polymer Industries stock appears to be overvalued.
The current stock price of BDT36.70 is trading 112.5% above its estimated GF Value™ of BDT17.27.
GuruFocus considers National Polymer Industries to be Significantly Overvalued.
Key valuation signals for DHA:NPOLYMER:
Return-on-Tangible-Asset: 0.62% (76% below median its 10-year median of 2.55)
GF Value™: BDT17.27 vs. price of BDT36.70 (112.5% above fair value)
Industry Position: 79.7% below the Construction median (#1347 of 1786)
No single metric tells the full story. See the DHA:NPOLYMER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Polymer Industries PLC is engaged in manufacturing a wide range of plastic products for building, construction, sanitation and irrigation applications. It owns and operates PVC Pipes, PVC Water Tanks, PVC Doors and Bottle grade PVC Compound Manufacturing Plant, produces and markets the same in the local and foreign markets. The company generates revenue from the sale of its products.
68GF Score
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