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BYD CoFRA:BY6 -1.32%88 Return-on-Tangible-Asset is 1.98% as of Mar. 2026, which is 43% below its 10-year median of 3.45. GuruFocus rates FRA:BY6 with a GF Score™ of 88/100 and a GF Value™ of €13.33 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,331 Vehicles & Parts companies, BYD Co ranks better than 51.16% 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. BYD Co's annualizedNet Income for the quarter that ended in Mar. 2026 was €2,051 Mil. BYD Co's average total tangible assets for the quarter that ended in Mar. 2026 was €103,644 Mil. Therefore, BYD Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.98%.
The historical rank and industry rank for BYD Co's Return-on-Tangible-Asset or its related term are showing as below:
FRA:BY6'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.91 Med: 3.45 Max: 5.85
Current: 3.34
During the past 13 years, BYD Co's highest Return-on-Tangible-Asset was 5.85%. The lowest was 0.91%. And the median was 3.45%.
FRA:BY6's Return-on-Tangible-Asset is ranked better than 51.16% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 3.16
vs FRA:BY6: 3.34
BYD Co (FRA:BY6) 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.
BYD Co Return-on-Tangible-Asset Related Terms
BYD Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for BYD 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.
FRA:BY6 vs TSLA, GM, F: Return-on-Tangible-Asset Comparison
For the Auto Manufacturers subindustry, BYD 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.
BYD Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, BYD Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BYD 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.98% mean?
BYD Co (FRA:BY6) has a Return-on-Tangible-Asset of 1.98% 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 BYD Co and its competitors. This is 43% below median its historical median of 3.45. Over the past decade, BYD Co's Return-on-Tangible-Asset has ranged from 0.91 to 5.85. According to the industry distribution chart, BYD Co ranks #650 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 48.8%.
Is BYD Co's Return-on-Tangible-Asset too high?
BYD Co's current Return-on-Tangible-Asset of 1.98% is 43% below median its 10-year median of 3.45. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 5.85. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.16. BYD Co's value of 1.98% is 37.3% below this industry median. Based on the distribution chart, BYD Co ranks #650 out of 1331 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, BYD Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BYD Co's Return-on-Tangible-Asset compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, BYD Co ranks #650 out of 1331 companies for Return-on-Tangible-Asset. This puts BYD Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.16. BYD Co's value of 1.98% is 37.3% below this benchmark. Historically, BYD Co's own Return-on-Tangible-Asset has ranged from 0.91 to 5.85 over the past decade. While the company's 10-year median is 3.45 vs. the industry median of 3.16, BYD Co 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.16, based on 1,331 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. BYD Co's current Return-on-Tangible-Asset of 1.98% is 37.3% 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 BYD Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BYD Co's current Return-on-Tangible-Asset is 1.98%, which is 43% below median its own 10-year median of 3.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BYD Co stock overvalued right now?
Based on GuruFocus' analysis, BYD Co (FRA:BY6) is currently considered Modestly Undervalued. The stock's GF Value™ is €13.33, compared to a current price of €9.73 — trading 27% below its estimated fair value. The current Return-on-Tangible-Asset is 1.98%, which is 43% below median its 10-year median of 3.45 and 37.3% below the Vehicles & Parts industry median of 3.16. BYD Co's overall GF Score™ is 88/100 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 BYD Co (FRA:BY6), the current Return-on-Tangible-Asset is 1.98% 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 BYD Co (FRA:BY6) Overvalued in 2026?
Based on GuruFocus' analysis, BYD Co stock appears to be undervalued.
The current stock price of €9.73 is trading 27% below its estimated GF Value™ of €13.33.
GuruFocus considers BYD Co to be Modestly Undervalued.
Key valuation signals for FRA:BY6:
Return-on-Tangible-Asset: 1.98% (43% below median its 10-year median of 3.45)
GF Value™: €13.33 vs. price of €9.73 (27% below fair value)
Industry Position: 37.3% below the Vehicles & Parts median (#650 of 1331)
No single metric tells the full story. See the FRA:BY6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold about 4.6 million passenger NEVs in 2025, accounting for 30% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.
88GF Score
Get the complete analysis for FRA:BY6
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