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Tongguan Gold GroupFRA:INU0 +2.13%55 Return-on-Tangible-Asset is 18.92% as of Dec. 2025, which is 1113% above its 10-year median of 1.56. GuruFocus rates FRA:INU0 with a GF Score™ of 55/100 and a GF Value™ of €0.02 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,666 Metals & Mining companies, Tongguan Gold Group ranks better than 93.02% 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. Tongguan Gold Group's annualizedNet Income for the quarter that ended in Dec. 2025 was €107.1 Mil. Tongguan Gold Group's average total tangible assets for the quarter that ended in Dec. 2025 was €566.0 Mil. Therefore, Tongguan Gold Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 18.92%.
The historical rank and industry rank for Tongguan Gold Group's Return-on-Tangible-Asset or its related term are showing as below:
FRA:INU0'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.1 Med: 1.56 Max: 17.64
Current: 17.64
During the past 13 years, Tongguan Gold Group's highest Return-on-Tangible-Asset was 17.64%. The lowest was -5.10%. And the median was 1.56%.
FRA:INU0's Return-on-Tangible-Asset is ranked better than 93.02% of 2666
companies
in the Metals & Mining industry
Industry Median: -17.26
vs FRA:INU0: 17.64
Tongguan Gold Group (FRA:INU0) 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.
Tongguan Gold Group Return-on-Tangible-Asset Related Terms
Tongguan Gold Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tongguan Gold Group'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.
Tongguan Gold Group Return-on-Tangible-Asset Chart
FRA:INU0 vs NEM, AU, RGLD: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Tongguan Gold Group'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.
Tongguan Gold Group Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Tongguan Gold Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tongguan Gold Group'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 18.92% mean?
Tongguan Gold Group (FRA:INU0) has a Return-on-Tangible-Asset of 18.92% 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 Tongguan Gold Group and its competitors. This is 1113% above median its historical median of 1.56. According to the industry distribution chart, Tongguan Gold Group ranks #186 out of 2666 companies in the Metals & Mining industry, placing it in the top 7%.
Is Tongguan Gold Group's Return-on-Tangible-Asset too high?
Tongguan Gold Group's current Return-on-Tangible-Asset of 18.92% is 1113% above median its 10-year median of 1.56. Based on the distribution chart, Tongguan Gold Group ranks #186 out of 2666 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Tongguan Gold Group has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tongguan Gold Group's Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Tongguan Gold Group ranks #186 out of 2666 companies for Return-on-Tangible-Asset. This places Tongguan Gold Group in the top 7% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. 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 Tongguan Gold Group and its competitors. Tongguan Gold Group's current Return-on-Tangible-Asset is 18.92%, which is 1113% above median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongguan Gold Group stock overvalued right now?
Based on GuruFocus' analysis, Tongguan Gold Group (FRA:INU0) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.02, compared to a current price of €0.30 — trading 1383% above its estimated fair value. The current Return-on-Tangible-Asset is 18.92%, which is 1113% above median its 10-year median of 1.56. Tongguan Gold Group's overall GF Score™ is 55/100 with 2 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 Tongguan Gold Group (FRA:INU0), the current Return-on-Tangible-Asset is 18.92% 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 Tongguan Gold Group (FRA:INU0) Overvalued in 2026?
Based on GuruFocus' analysis, Tongguan Gold Group stock appears to be overvalued.
The current stock price of €0.30 is trading 1383% above its estimated GF Value™ of €0.02.
GuruFocus considers Tongguan Gold Group to be Significantly Overvalued.
Key valuation signals for FRA:INU0:
Return-on-Tangible-Asset: 18.92% (1113% above median its 10-year median of 1.56)
GF Value™: €0.02 vs. price of €0.30 (1383% above fair value)
No single metric tells the full story. See the FRA:INU0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongguan Gold Group Ltd operates as an investment holding company. It is engaged in (i) gold mining operation, which is sale of mine-produced gold, including gold concentrate, gold bullion and related products, that contains of gold exploration, mining, processing and/or smelting operations; and (ii) gold recycling, which is purchasing the gold related materials, refining and sale of gold bullion. The Group's gold mining operation and gold recycling are mainly carried out in the People's Republic of China (the PRC).
55GF Score
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