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Tiangong International CoFRA:34T1 67 Return-on-Tangible-Asset is 2.95% as of Dec. 2025, which is 1% below its 10-year median of 2.97. GuruFocus rates FRA:34T1 with a GF Score™ of 67/100 and a GF Value™ of €0.27. The stock has 7 warning signs investors should review. Among 634 Steel companies, Tiangong International Co ranks better than 58.68% 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. Tiangong International Co's annualizedNet Income for the quarter that ended in Dec. 2025 was €47.7 Mil. Tiangong International Co's average total tangible assets for the quarter that ended in Dec. 2025 was €1,615.2 Mil. Therefore, Tiangong International Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.95%.
The historical rank and industry rank for Tiangong International Co's Return-on-Tangible-Asset or its related term are showing as below:
FRA:34T1'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.29 Med: 2.97 Max: 5.77
Current: 3.06
During the past 13 years, Tiangong International Co's highest Return-on-Tangible-Asset was 5.77%. The lowest was 1.29%. And the median was 2.97%.
FRA:34T1's Return-on-Tangible-Asset is ranked better than 58.68% of 634
companies
in the Steel industry
Industry Median: 2.095
vs FRA:34T1: 3.06
Tiangong International Co (FRA:34T1) 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.
Tiangong International Co Return-on-Tangible-Asset Related Terms
Tiangong International Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tiangong International Co'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.
Tiangong International Co Return-on-Tangible-Asset Chart
FRA:34T1 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Tiangong International Co'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.
Tiangong International Co Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Tiangong International Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tiangong International Co'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 2.95% mean?
Tiangong International Co (FRA:34T1) has a Return-on-Tangible-Asset of 2.95% 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 Tiangong International Co and its competitors. This is near median its historical median of 2.97. Over the past decade, Tiangong International Co's Return-on-Tangible-Asset has ranged from 1.29 to 5.77. According to the industry distribution chart, Tiangong International Co ranks #262 out of 634 companies in the Steel industry, placing it in the top 41.3%.
Is Tiangong International Co's Return-on-Tangible-Asset too high?
Tiangong International Co's current Return-on-Tangible-Asset of 2.95% is near median its 10-year median of 2.97. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 5.77. The Steel industry median Return-on-Tangible-Asset is 2.10. Tiangong International Co's value of 2.95% is 40.8% above this industry median. Based on the distribution chart, Tiangong International Co ranks #262 out of 634 companies in the Steel industry, which is above the industry midpoint. Overall, Tiangong International Co has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Tiangong International Co's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Tiangong International Co ranks #262 out of 634 companies for Return-on-Tangible-Asset. This puts Tiangong International Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.10. Tiangong International Co's value of 2.95% is 40.8% above this benchmark. Historically, Tiangong International Co's own Return-on-Tangible-Asset has ranged from 1.29 to 5.77 over the past decade. While the company's 10-year median is 2.97 vs. the industry median of 2.10, Tiangong International Co 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.10, based on 634 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. Tiangong International Co's current Return-on-Tangible-Asset of 2.95% is 40.8% 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 Tiangong International Co and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tiangong International Co's current Return-on-Tangible-Asset is 2.95%, which is near median its own 10-year median of 2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tiangong International Co stock overvalued right now?
Tiangong International Co (FRA:34T1) has a current Return-on-Tangible-Asset of 2.95%. The stock's GF Value™ is €0.27, compared to a current price of €0.33 — trading 23.7% above its estimated fair value. The current Return-on-Tangible-Asset is 2.95%, which is near median its 10-year median of 2.97 and 40.8% above the Steel industry median of 2.10. Tiangong International Co's overall GF Score™ is 67/100 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 Tiangong International Co (FRA:34T1), the current Return-on-Tangible-Asset is 2.95% 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.
Is Tiangong International Co (FRA:34T1) Overvalued in 2026?
Based on GuruFocus' analysis, Tiangong International Co stock appears to be overvalued.
The current stock price of €0.33 is trading 23.7% above its estimated GF Value™ of €0.27.
Key valuation signals for FRA:34T1:
Return-on-Tangible-Asset: 2.95% (near median its 10-year median of 2.97)
GF Value™: €0.27 vs. price of €0.33 (23.7% above fair value)
Industry Position: 40.8% above the Steel median (#262 of 634)
No single metric tells the full story. See the FRA:34T1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tiangong International Co Ltd is engaged in the manufacturing and sales of high alloy steel, cutting tools, titanium alloy, trading of goods, and others. The reportable segments of the company are, the DS segment, which derives majority revenue, manufactures and sells materials that are used in the die set manufacturing industry; the HSS segment manufactures and sells materials that are used in the tools manufacturing industry; the cutting tools segment manufactures and sells HSS and carbide cutting tools to the tooling industry; the Titanium alloy segment manufactures and sells titanium alloys to the titanium industry; and the Others segment assembles and sells power tool kits. The company operates in PRC, North America, Europe, Asia (other than the PRC), and other regions.
67GF Score
Get the complete analysis for FRA:34T1
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