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Innovent BiologicsIVBXF 78 Return-on-Tangible-Asset is -0.15% as of Dec. 2025. GuruFocus rates IVBXF with a GF Score™ of 78/100 and a GF Value™ of $14.24 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,416 Biotechnology companies, Innovent Biologics ranks better than 84.68% 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. Innovent Biologics's annualizedNet Income for the quarter that ended in Dec. 2025 was $-6 Mil. Innovent Biologics's average total tangible assets for the quarter that ended in Dec. 2025 was $4,064 Mil. Therefore, Innovent Biologics's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -0.15%.
The historical rank and industry rank for Innovent Biologics's Return-on-Tangible-Asset or its related term are showing as below:
IVBXF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -134.74 Med: -15.67 Max: 3.15
Current: 3.15
During the past 10 years, Innovent Biologics's highest Return-on-Tangible-Asset was 3.15%. The lowest was -134.74%. And the median was -15.67%.
IVBXF's Return-on-Tangible-Asset is ranked better than 84.68% of 1416
companies
in the Biotechnology industry
Industry Median: -35.76
vs IVBXF: 3.15
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.
Innovent Biologics Return-on-Tangible-Asset Related Terms
Innovent Biologics Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Innovent Biologics'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.
IVBXF vs VRTX, REGN, ALNY: Return-on-Tangible-Asset Comparison
For the Biotechnology subindustry, Innovent Biologics'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.
Innovent Biologics Return-on-Tangible-Asset vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Innovent Biologics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Innovent Biologics'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 -0.15% mean?
Innovent Biologics (IVBXF) has a Return-on-Tangible-Asset of -0.15% 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 Innovent Biologics and its competitors. According to the industry distribution chart, Innovent Biologics ranks #217 out of 1416 companies in the Biotechnology industry, placing it in the top 15.3%.
Is Innovent Biologics' Return-on-Tangible-Asset too high?
Innovent Biologics' current Return-on-Tangible-Asset is -0.15%. Based on the distribution chart, Innovent Biologics ranks #217 out of 1416 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Innovent Biologics has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Innovent Biologics' Return-on-Tangible-Asset compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Innovent Biologics ranks #217 out of 1416 companies for Return-on-Tangible-Asset. This places Innovent Biologics in the top 15% 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 Biotechnology company?
A good Return-on-Tangible-Asset depends on the Biotechnology 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 Innovent Biologics and its competitors. Innovent Biologics's current Return-on-Tangible-Asset is -0.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovent Biologics stock overvalued right now?
Based on GuruFocus' analysis, Innovent Biologics (IVBXF) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.24, compared to a current price of $12.80 — trading 10.1% below its estimated fair value. The current Return-on-Tangible-Asset is -0.15%. Innovent Biologics' overall GF Score™ is 78/100 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 Innovent Biologics (IVBXF), the current Return-on-Tangible-Asset is -0.15% 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 Innovent Biologics (IVBXF) Overvalued in 2026?
Based on GuruFocus' analysis, Innovent Biologics stock appears to be undervalued.
The current stock price of $12.80 is trading 10.1% below its estimated GF Value™ of $14.24.
GuruFocus considers Innovent Biologics to be Modestly Undervalued.
Key valuation signals for IVBXF:
Return-on-Tangible-Asset: -0.15%
GF Value™: $14.24 vs. price of $12.80 (10.1% below fair value)
No single metric tells the full story. See the IVBXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovent Biologics is one of the leading biotechnology companies in China. Listed on the Hong Kong stock exchange in 2018, Innovent has 12 commercialized oncology products and four commercialized nononcology products as of January 2026, and 34 drugs in its research and development pipeline. Its core assets are Tyvyt, a PD-1 inhibitor included in the National Reimbursement Drug Lists (NRDL) for the first-line treatment of five major cancers, and mazdutide, a GLP-1/glucagon dual agonist drug for weight loss, fat breakdown, and Type 2 diabetes. Mazdutide is the first domestic GLP-1 drug produced and competes with Eli Lilly and Novo Nordisk in China. Tyvyt's main competition includes drugs from Junshi, Jiangsu Hengrui, BeOne, Merck, and Bristol Myers.
78GF Score
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