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Tianqi LithiumFRA:2220 +2.82%84 Return-on-Tangible-Asset is 10.48% as of Mar. 2026, which is 64% above its 10-year median of 6.40. GuruFocus rates FRA:2220 with a GF Score™ of 84/100 and a GF Value™ of €1.95 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,613 Chemicals companies, Tianqi Lithium ranks better than 50.34% 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. Tianqi Lithium's annualizedNet Income for the quarter that ended in Mar. 2026 was €942 Mil. Tianqi Lithium's average total tangible assets for the quarter that ended in Mar. 2026 was €8,984 Mil. Therefore, Tianqi Lithium's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.48%.
The historical rank and industry rank for Tianqi Lithium's Return-on-Tangible-Asset or its related term are showing as below:
FRA:2220'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.74 Med: 6.4 Max: 42.41
Current: 3.15
During the past 13 years, Tianqi Lithium's highest Return-on-Tangible-Asset was 42.41%. The lowest was -13.74%. And the median was 6.40%.
FRA:2220's Return-on-Tangible-Asset is ranked better than 50.34% of 1613
companies
in the Chemicals industry
Industry Median: 3.13
vs FRA:2220: 3.15
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.
Tianqi Lithium Return-on-Tangible-Asset Related Terms
Tianqi Lithium Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tianqi Lithium'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.
FRA:2220 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Tianqi Lithium'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.
Tianqi Lithium Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tianqi Lithium's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tianqi Lithium'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 10.48% mean?
Tianqi Lithium (FRA:2220) has a Return-on-Tangible-Asset of 10.48% 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 Tianqi Lithium and its competitors. This is 64% above median its historical median of 6.40. According to the industry distribution chart, Tianqi Lithium ranks #801 out of 1613 companies in the Chemicals industry, placing it in the top 49.7%.
Is Tianqi Lithium's Return-on-Tangible-Asset too high?
Tianqi Lithium's current Return-on-Tangible-Asset of 10.48% is 64% above median its 10-year median of 6.40. The Chemicals industry median Return-on-Tangible-Asset is 3.13. Tianqi Lithium's value of 10.48% is 234.8% above this industry median. Based on the distribution chart, Tianqi Lithium ranks #801 out of 1613 companies in the Chemicals industry, which is above the industry midpoint. Overall, Tianqi Lithium has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tianqi Lithium's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tianqi Lithium ranks #801 out of 1613 companies for Return-on-Tangible-Asset. This puts Tianqi Lithium in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.13. Tianqi Lithium's value of 10.48% is 234.8% above this benchmark. While the company's 10-year median is 6.40 vs. the industry median of 3.13, Tianqi Lithium 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.13, based on 1,613 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. Tianqi Lithium's current Return-on-Tangible-Asset of 10.48% is 234.8% 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 Tianqi Lithium and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianqi Lithium's current Return-on-Tangible-Asset is 10.48%, which is 64% above median its own 10-year median of 6.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianqi Lithium stock overvalued right now?
Based on GuruFocus' analysis, Tianqi Lithium (FRA:2220) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.95, compared to a current price of €3.80 — trading 94.6% above its estimated fair value. The current Return-on-Tangible-Asset is 10.48%, which is 64% above median its 10-year median of 6.40 and 234.8% above the Chemicals industry median of 3.13. Tianqi Lithium's overall GF Score™ is 84/100 with 5 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 Tianqi Lithium (FRA:2220), the current Return-on-Tangible-Asset is 10.48% 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 Tianqi Lithium (FRA:2220) Overvalued in 2026?
Based on GuruFocus' analysis, Tianqi Lithium stock appears to be overvalued.
The current stock price of €3.80 is trading 94.6% above its estimated GF Value™ of €1.95.
GuruFocus considers Tianqi Lithium to be Significantly Overvalued.
Key valuation signals for FRA:2220:
Return-on-Tangible-Asset: 10.48% (64% above median its 10-year median of 6.40)
GF Value™: €1.95 vs. price of €3.80 (94.6% above fair value)
Industry Position: 234.8% above the Chemicals median (#801 of 1613)
No single metric tells the full story. See the FRA:2220 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianqi Lithium is a leading new energy materials company headquartered in Sichuan, China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that achieved 100% self-sufficiency and has fully vertically integrated lithium mines. The firm operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.
84GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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