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Nano LabsNA +6.97%41 Return-on-Tangible-Asset is 23.01% as of Dec. 2025. GuruFocus rates NA with a GF Score™ of 41/100 and a GF Value™ of $0.88 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,028 Semiconductors companies, Nano Labs ranks better than 86.87% 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. Nano Labs's annualizedNet Income for the quarter that ended in Dec. 2025 was $40.47 Mil. Nano Labs's average total tangible assets for the quarter that ended in Dec. 2025 was $175.90 Mil. Therefore, Nano Labs's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 23.01%.
The historical rank and industry rank for Nano Labs's Return-on-Tangible-Asset or its related term are showing as below:
NA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -80.42 Med: -30.94 Max: 16.68
Current: 13.43
During the past 6 years, Nano Labs's highest Return-on-Tangible-Asset was 16.68%. The lowest was -80.42%. And the median was -30.94%.
NA's Return-on-Tangible-Asset is ranked better than 86.87% of 1028
companies
in the Semiconductors industry
Industry Median: 2.615
vs NA: 13.43
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.
Nano Labs Return-on-Tangible-Asset Related Terms
Nano Labs Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nano Labs'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.
NA vs PXLW, MOBX, SQNS: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Nano Labs'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.
Nano Labs Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Nano Labs's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nano Labs'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 23.01% mean?
Nano Labs (NA) has a Return-on-Tangible-Asset of 23.01% 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 Nano Labs and its competitors. According to the industry distribution chart, Nano Labs ranks #135 out of 1028 companies in the Semiconductors industry, placing it in the top 13.1%.
Is Nano Labs' Return-on-Tangible-Asset too high?
Nano Labs' current Return-on-Tangible-Asset is 23.01%. The Semiconductors industry median Return-on-Tangible-Asset is 2.62. Nano Labs' value of 23.01% is 779.9% above this industry median. Based on the distribution chart, Nano Labs ranks #135 out of 1028 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Nano Labs has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nano Labs' Return-on-Tangible-Asset compare to PXLW and MOBX?
According to the Semiconductors industry distribution chart, Nano Labs ranks #135 out of 1028 companies for Return-on-Tangible-Asset. This places Nano Labs in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.62. Nano Labs' value of 23.01% is 779.9% above this benchmark. 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.62, based on 1,028 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. Nano Labs's current Return-on-Tangible-Asset of 23.01% is 779.9% 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 Nano Labs and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nano Labs's current Return-on-Tangible-Asset is 23.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nano Labs stock overvalued right now?
Based on GuruFocus' analysis, Nano Labs (NA) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.88, compared to a current price of $2.00 — trading 126.7% above its estimated fair value. The current Return-on-Tangible-Asset is 23.01% and 779.9% above the Semiconductors industry median of 2.62. Nano Labs' overall GF Score™ is 41/100 with 10 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 Nano Labs (NA), the current Return-on-Tangible-Asset is 23.01% 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 Nano Labs (NA) Overvalued in 2026?
Based on GuruFocus' analysis, Nano Labs stock appears to be overvalued.
The current stock price of $2.00 is trading 126.7% above its estimated GF Value™ of $0.88.
GuruFocus considers Nano Labs to be Significantly Overvalued.
Key valuation signals for NA:
Return-on-Tangible-Asset: 23.01%
GF Value™: $0.88 vs. price of $2.00 (126.7% above fair value)
Industry Position: 779.9% above the Semiconductors median (#135 of 1028)
No single metric tells the full story. See the NA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nano Labs Ltd is a Web 3.0 infrastructure and product solution provider, as well as a crypto treasury company. It is focused on the development of HTC chips and HPC chips. In addition, the company has established BNB value investment and adopted BNB (a crypto token) as the primary reserve asset. Furthermore, it has launched the iPollo Claw, a dedicated hardware solution for the OpenClaw AI Agent Ecosystem. Nano Labs derives revenue mainly from its HTC and HPC offerings, which comprise Darkbird series HPC chips that feature high performance and high energy consumption efficiency, and Cuckoo series chips, used in GPUs. Geographically, the company generates maximum revenue from the People's Republic of China (PRC), and the rest from Singapore, Hong Kong, the United States, and other markets.
41GF Score
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