Nissan ChemicalFRA:NSC +0.46%94 Return-on-Tangible-Asset is 17.48% as of Mar. 2026, which is 33% above its 10-year median of 13.10. GuruFocus rates FRA:NSC with a GF Score™ of 94/100 and a GF Value™ of €34.78 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,611 Chemicals companies, Nissan Chemical ranks better than 95.72% 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. Nissan Chemical's annualizedNet Income for the quarter that ended in Mar. 2026 was €320 Mil. Nissan Chemical's average total tangible assets for the quarter that ended in Mar. 2026 was €1,829 Mil. Therefore, Nissan Chemical's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 17.48%.
The historical rank and industry rank for Nissan Chemical's Return-on-Tangible-Asset or its related term are showing as below:
FRA:NSC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.5 Med: 13.1 Max: 15.36
Current: 15.36
During the past 13 years, Nissan Chemical's highest Return-on-Tangible-Asset was 15.36%. The lowest was 10.50%. And the median was 13.10%.
FRA:NSC's Return-on-Tangible-Asset is ranked better than 95.72% of 1611
companies
in the Chemicals industry
Industry Median: 3.08
vs FRA:NSC: 15.36
Nissan Chemical (FRA:NSC) 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.
Nissan Chemical Return-on-Tangible-Asset Related Terms
Nissan Chemical Return-on-Tangible-Asset Historical Data
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The historical data trend for Nissan Chemical'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:NSC vs DOW: Return-on-Tangible-Asset Comparison
For the Chemicals subindustry, Nissan Chemical'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.
Nissan Chemical Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nissan Chemical's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nissan Chemical'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 17.48% mean?
Nissan Chemical (FRA:NSC) has a Return-on-Tangible-Asset of 17.48% 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 Nissan Chemical and its competitors. This is 33% above median its historical median of 13.10. Over the past decade, Nissan Chemical's Return-on-Tangible-Asset has ranged from 10.50 to 15.36. According to the industry distribution chart, Nissan Chemical ranks #69 out of 1611 companies in the Chemicals industry, placing it in the top 4.3%.
Is Nissan Chemical's Return-on-Tangible-Asset too high?
Nissan Chemical's current Return-on-Tangible-Asset of 17.48% is 33% above median its 10-year median of 13.10. Over the past 10 years, this metric has ranged from a low of 10.50 to a high of 15.36. The Chemicals industry median Return-on-Tangible-Asset is 3.08. Nissan Chemical's value of 17.48% is 467.5% above this industry median. Based on the distribution chart, Nissan Chemical ranks #69 out of 1611 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Nissan Chemical has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nissan Chemical's Return-on-Tangible-Asset compare to DOW?
According to the Chemicals industry distribution chart, Nissan Chemical ranks #69 out of 1611 companies for Return-on-Tangible-Asset. This places Nissan Chemical in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.08. Nissan Chemical's value of 17.48% is 467.5% above this benchmark. Historically, Nissan Chemical's own Return-on-Tangible-Asset has ranged from 10.50 to 15.36 over the past decade. While the company's 10-year median is 13.10 vs. the industry median of 3.08, Nissan Chemical 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 3.08, based on 1,611 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. Nissan Chemical's current Return-on-Tangible-Asset of 17.48% is 467.5% 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 Nissan Chemical and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nissan Chemical's current Return-on-Tangible-Asset is 17.48%, which is 33% above median its own 10-year median of 13.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nissan Chemical stock overvalued right now?
Based on GuruFocus' analysis, Nissan Chemical (FRA:NSC) is currently considered Modestly Overvalued. The stock's GF Value™ is €34.78, compared to a current price of €43.80 — trading 25.9% above its estimated fair value. The current Return-on-Tangible-Asset is 17.48%, which is 33% above median its 10-year median of 13.10 and 467.5% above the Chemicals industry median of 3.08. Nissan Chemical's overall GF Score™ is 94/100 with 6 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 Nissan Chemical (FRA:NSC), the current Return-on-Tangible-Asset is 17.48% 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 Nissan Chemical (FRA:NSC) Overvalued in 2026?
Based on GuruFocus' analysis, Nissan Chemical stock appears to be overvalued.
The current stock price of €43.80 is trading 25.9% above its estimated GF Value™ of €34.78.
GuruFocus considers Nissan Chemical to be Modestly Overvalued.
Key valuation signals for FRA:NSC:
Return-on-Tangible-Asset: 17.48% (33% above median its 10-year median of 13.10)
GF Value™: €34.78 vs. price of €43.80 (25.9% above fair value)
Industry Position: 467.5% above the Chemicals median (#69 of 1611)
No single metric tells the full story. See the FRA:NSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nissan Chemical Corp manufactures and sells chemicals, semiconductors, and pharmaceutical products. The company operates through six segments. The Agricultural Chemicals segment offers pesticides, plant growth regulators, and veterinary drug ingredients. The Chemicals segment provides basic and fine chemicals such as acids, ammonia, epoxies, and flame retardants. The Functional Materials segment supplies display and semiconductor materials, polyimides, abrasives, and surface treatment agents. The Healthcare segment develops pharmaceutical ingredients and offers contract problem-solving services. The Wholesale segment handles chemical product distribution. The Others segment includes fertilizers, landscaping, transportation, plant engineering, and sulfuric acid production.
94GF Score
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