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Nippon Chemi-ConFRA:NCZ +1.95%56 Return-on-Tangible-Asset is 2.79% as of Mar. 2026, which is 772% above its 10-year median of 0.32. GuruFocus rates FRA:NCZ with a GF Score™ of 56/100 and a GF Value™ of €6.29 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,501 Hardware companies, Nippon Chemi-Con ranks worse than 52.62% 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. Nippon Chemi-Con's annualizedNet Income for the quarter that ended in Mar. 2026 was €24.8 Mil. Nippon Chemi-Con's average total tangible assets for the quarter that ended in Mar. 2026 was €887.0 Mil. Therefore, Nippon Chemi-Con's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.79%.
The historical rank and industry rank for Nippon Chemi-Con's Return-on-Tangible-Asset or its related term are showing as below:
FRA:NCZ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.86 Med: 0.32 Max: 2.1
Current: 2.1
During the past 13 years, Nippon Chemi-Con's highest Return-on-Tangible-Asset was 2.10%. The lowest was -12.86%. And the median was 0.32%.
FRA:NCZ's Return-on-Tangible-Asset is ranked worse than 52.62% of 2501
companies
in the Hardware industry
Industry Median: 2.48
vs FRA:NCZ: 2.10
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.
Nippon Chemi-Con Return-on-Tangible-Asset Related Terms
Nippon Chemi-Con Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nippon Chemi-Con'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:NCZ vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Nippon Chemi-Con'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.
Nippon Chemi-Con Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Nippon Chemi-Con's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nippon Chemi-Con'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 2.79% mean?
Nippon Chemi-Con (FRA:NCZ) has a Return-on-Tangible-Asset of 2.79% 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 Nippon Chemi-Con and its competitors. This is 772% above median its historical median of 0.32. According to the industry distribution chart, Nippon Chemi-Con ranks #1316 out of 2501 companies in the Hardware industry, placing it in the top 52.6%.
Is Nippon Chemi-Con's Return-on-Tangible-Asset too high?
Nippon Chemi-Con's current Return-on-Tangible-Asset of 2.79% is 772% above median its 10-year median of 0.32. The Hardware industry median Return-on-Tangible-Asset is 2.48. Nippon Chemi-Con's value of 2.79% is 12.5% above this industry median. Based on the distribution chart, Nippon Chemi-Con ranks #1316 out of 2501 companies in the Hardware industry, which is below the industry midpoint. Overall, Nippon Chemi-Con has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Chemi-Con's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Nippon Chemi-Con ranks #1316 out of 2501 companies for Return-on-Tangible-Asset. This places Nippon Chemi-Con in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.48. Nippon Chemi-Con's value of 2.79% is 12.5% above this benchmark. While the company's 10-year median is 0.32 vs. the industry median of 2.48, Nippon Chemi-Con 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.48, based on 2,501 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. Nippon Chemi-Con's current Return-on-Tangible-Asset of 2.79% is 12.5% 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 Nippon Chemi-Con and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Chemi-Con's current Return-on-Tangible-Asset is 2.79%, which is 772% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Chemi-Con stock overvalued right now?
Based on GuruFocus' analysis, Nippon Chemi-Con (FRA:NCZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.29, compared to a current price of €15.70 — trading 149.6% above its estimated fair value. The current Return-on-Tangible-Asset is 2.79%, which is 772% above median its 10-year median of 0.32 and 12.5% above the Hardware industry median of 2.48. Nippon Chemi-Con's overall GF Score™ is 56/100 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 Nippon Chemi-Con (FRA:NCZ), the current Return-on-Tangible-Asset is 2.79% 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 Nippon Chemi-Con (FRA:NCZ) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Chemi-Con stock appears to be overvalued.
The current stock price of €15.70 is trading 149.6% above its estimated GF Value™ of €6.29.
GuruFocus considers Nippon Chemi-Con to be Significantly Overvalued.
Key valuation signals for FRA:NCZ:
Return-on-Tangible-Asset: 2.79% (772% above median its 10-year median of 0.32)
GF Value™: €6.29 vs. price of €15.70 (149.6% above fair value)
Industry Position: 12.5% above the Hardware median (#1316 of 2501)
No single metric tells the full story. See the FRA:NCZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Chemi-Con Corp is a Japan-based company, engages in the manufacture and sale of aluminum materials, capacitors, precision mechanical components, and electronics. The company provides the manufacture and sale of aluminum electrolytic capacitors and related products including aluminum foils. It also provides multilayer ceramic capacitors, film capacitors, metal oxide varistors TNR, nanocrystalline/amorphous/dust choke coils, electric double layer capacitors, and electro-mechanical products.
56GF Score
Get the complete analysis for FRA:NCZ
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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