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China Display Optoelectronics Technology Holdings (FRA:PJJ1) 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.
China Display Optoelectronics Technology Holdings Return-on-Tangible-Asset Related Terms
China Display Optoelectronics Technology Holdings Return-on-Tangible-Asset Historical Data
* 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.
China Display Optoelectronics Technology Holdings Return-on-Tangible-Asset Chart
China Display Optoelectronics Technology Holdings Annual Data
FRA:PJJ1 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, China Display Optoelectronics Technology Holdings'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.
China Display Optoelectronics Technology Holdings Return-on-Tangible-Asset vs Hardware Industry
* 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 4.38% mean?
China Display Optoelectronics Technology Holdings (FRA:PJJ1) has a Return-on-Tangible-Asset of 4.38% 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 China Display Optoelectronics Technology Holdings and its competitors. This is 40% above median its historical median of 3.13. Over the past decade, China Display Optoelectronics Technology Holdings' Return-on-Tangible-Asset has ranged from 0.51 to 6.56. According to the industry distribution chart, China Display Optoelectronics Technology Holdings ranks #1189 out of 2497 companies in the Hardware industry, placing it in the top 47.6%.
Is China Display Optoelectronics Technology Holdings' Return-on-Tangible-Asset too high?
China Display Optoelectronics Technology Holdings' current Return-on-Tangible-Asset of 4.38% is 40% above median its 10-year median of 3.13. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 6.56. The Hardware industry median Return-on-Tangible-Asset is 2.89. China Display Optoelectronics Technology Holdings' value of 4.38% is 51.6% above this industry median. Based on the distribution chart, China Display Optoelectronics Technology Holdings ranks #1189 out of 2497 companies in the Hardware industry, which is above the industry midpoint. Overall, China Display Optoelectronics Technology Holdings has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does China Display Optoelectronics Technology Holdings' Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, China Display Optoelectronics Technology Holdings ranks #1189 out of 2497 companies for Return-on-Tangible-Asset. This puts China Display Optoelectronics Technology Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.89. China Display Optoelectronics Technology Holdings' value of 4.38% is 51.6% above this benchmark. Historically, China Display Optoelectronics Technology Holdings' own Return-on-Tangible-Asset has ranged from 0.51 to 6.56 over the past decade. While the company's 10-year median is 3.13 vs. the industry median of 2.89, China Display Optoelectronics Technology Holdings 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 2.89, based on 2,497 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. China Display Optoelectronics Technology Holdings's current Return-on-Tangible-Asset of 4.38% is 51.6% 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 China Display Optoelectronics Technology Holdings and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Display Optoelectronics Technology Holdings's current Return-on-Tangible-Asset is 4.38%, which is 40% above median its own 10-year median of 3.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Display Optoelectronics Technology Holdings stock overvalued right now?
China Display Optoelectronics Technology Holdings (FRA:PJJ1) has a current Return-on-Tangible-Asset of 4.38%. The stock's GF Value™ is €0.06, compared to a current price of €0.03 — trading 51.7% below its estimated fair value. The current Return-on-Tangible-Asset is 4.38%, which is 40% above median its 10-year median of 3.13 and 51.6% above the Hardware industry median of 2.89. China Display Optoelectronics Technology Holdings' overall GF Score™ is 54/100 with 4 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 China Display Optoelectronics Technology Holdings (FRA:PJJ1), the current Return-on-Tangible-Asset is 4.38% 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 China Display Optoelectronics Technology Holdings (FRA:PJJ1) Overvalued in 2026?
Based on GuruFocus' analysis, China Display Optoelectronics Technology Holdings stock appears to be undervalued.
The current stock price of €0.03 is trading 51.7% below its estimated GF Value™ of €0.06.
Key valuation signals for FRA:PJJ1:
Return-on-Tangible-Asset: 4.38% (40% above median its 10-year median of 3.13)
GF Value™: €0.06 vs. price of €0.03 (51.7% below fair value)
Industry Position: 51.6% above the Hardware median (#1189 of 2497)
No single metric tells the full story. See the FRA:PJJ1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Display Optoelectronics Technology Holdings Ltd is an investment holding company. Along with its subsidiaries, it is mainly engaged in research and development, manufacturing, sales, and distribution of TFT-LCD/CTP modules. Its product portfolio comprises VR/AR screen display modules, mobile phone screen displays, laptop screen displays, car screen display modules, and others. Maximum revenue for the group is generated from the sale of mobile phone display modules. It has one reportable operating segment being the display product segment, which principally engages in the processing, manufacture, and sale of LCD module products. Geographically, the group generates maximum revenue from the Chinese Mainland, followed by Hong Kong and Taiwan.
54GF Score
Get the complete analysis for FRA:PJJ1
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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