Kingboard HoldingsKBDCF 59 Return-on-Tangible-Asset is 3.62% as of Dec. 2025, which is 24% below its 10-year median of 4.79. GuruFocus rates KBDCF with a GF Score™ of 59/100 and a GF Value™ of $2.89 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 569 Conglomerates companies, Kingboard Holdings ranks better than 65.38% 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. Kingboard Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was $468 Mil. Kingboard Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was $12,935 Mil. Therefore, Kingboard Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.62%.
The historical rank and industry rank for Kingboard Holdings's Return-on-Tangible-Asset or its related term are showing as below:
KBDCF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.7 Med: 4.79 Max: 11.25
Current: 4.44
During the past 13 years, Kingboard Holdings's highest Return-on-Tangible-Asset was 11.25%. The lowest was 1.70%. And the median was 4.79%.
KBDCF's Return-on-Tangible-Asset is ranked better than 65.38% of 569
companies
in the Conglomerates industry
Industry Median: 2.69
vs KBDCF: 4.44
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.
Kingboard Holdings Return-on-Tangible-Asset Related Terms
Kingboard Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kingboard Holdings'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.
KBDCF vs HON, MMM: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Kingboard 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.
Kingboard Holdings Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Kingboard Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kingboard Holdings'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 3.62% mean?
Kingboard Holdings (KBDCF) has a Return-on-Tangible-Asset of 3.62% 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 Kingboard Holdings and its competitors. This is 24% below median its historical median of 4.79. Over the past decade, Kingboard Holdings' Return-on-Tangible-Asset has ranged from 1.70 to 11.25. According to the industry distribution chart, Kingboard Holdings ranks #197 out of 569 companies in the Conglomerates industry, placing it in the top 34.6%.
Is Kingboard Holdings' Return-on-Tangible-Asset too high?
Kingboard Holdings' current Return-on-Tangible-Asset of 3.62% is 24% below median its 10-year median of 4.79. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 11.25. The Conglomerates industry median Return-on-Tangible-Asset is 2.69. Kingboard Holdings' value of 3.62% is 34.6% above this industry median. Based on the distribution chart, Kingboard Holdings ranks #197 out of 569 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Kingboard Holdings has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kingboard Holdings' Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, Kingboard Holdings ranks #197 out of 569 companies for Return-on-Tangible-Asset. This puts Kingboard Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.69. Kingboard Holdings' value of 3.62% is 34.6% above this benchmark. Historically, Kingboard Holdings' own Return-on-Tangible-Asset has ranged from 1.70 to 11.25 over the past decade. While the company's 10-year median is 4.79 vs. the industry median of 2.69, Kingboard 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.69, based on 569 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. Kingboard Holdings's current Return-on-Tangible-Asset of 3.62% is 34.6% 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 Kingboard Holdings and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kingboard Holdings's current Return-on-Tangible-Asset is 3.62%, which is 24% below median its own 10-year median of 4.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kingboard Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kingboard Holdings (KBDCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.89, compared to a current price of $15.50 — trading 436.3% above its estimated fair value. The current Return-on-Tangible-Asset is 3.62%, which is 24% below median its 10-year median of 4.79 and 34.6% above the Conglomerates industry median of 2.69. Kingboard Holdings' overall GF Score™ is 59/100 with 5 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 Kingboard Holdings (KBDCF), the current Return-on-Tangible-Asset is 3.62% 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 Kingboard Holdings (KBDCF) Overvalued in 2026?
Based on GuruFocus' analysis, Kingboard Holdings stock appears to be overvalued.
The current stock price of $15.50 is trading 436.3% above its estimated GF Value™ of $2.89.
GuruFocus considers Kingboard Holdings to be Significantly Overvalued.
Key valuation signals for KBDCF:
Return-on-Tangible-Asset: 3.62% (24% below median its 10-year median of 4.79)
GF Value™: $2.89 vs. price of $15.50 (436.3% above fair value)
Industry Position: 34.6% above the Conglomerates median (#197 of 569)
No single metric tells the full story. See the KBDCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kingboard Holdings Ltd is an investment holding company in China. It operates in six segments: laminates, printed circuit boards, chemicals, properties, investments, and others, including service income, manufacture, and sale of magnetic products, and hotel business. The company's products include Tar, coke, methanol, benzene, acetic acid, glass epoxy laminate, paper laminate, single and double-sided printed circuit boards, and others. Geographically, it has operations in China, Thailand, Japan, Korea, Singapore, Europe, America, and Africa, out of which China accounts for the majority of the revenue.
59GF Score
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