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Chubu Steel Plate CoNGO:5461 74 Return-on-Tangible-Asset is 1.98% as of Mar. 2026, which is 42% below its 10-year median of 3.41. GuruFocus rates NGO:5461 with a GF Score™ of 74/100 and a GF Value™ of 円1,816.55. The stock has 6 warning signs investors should review. Among 634 Steel companies, Chubu Steel Plate Co ranks worse than 53.94% 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. Chubu Steel Plate Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,668 Mil. Chubu Steel Plate Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円84,087 Mil. Therefore, Chubu Steel Plate Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.98%.
The historical rank and industry rank for Chubu Steel Plate Co's Return-on-Tangible-Asset or its related term are showing as below:
NGO:5461'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.51 Med: 3.41 Max: 10.38
Current: 1.51
During the past 13 years, Chubu Steel Plate Co's highest Return-on-Tangible-Asset was 10.38%. The lowest was 1.51%. And the median was 3.41%.
NGO:5461's Return-on-Tangible-Asset is ranked worse than 53.94% of 634
companies
in the Steel industry
Industry Median: 2.055
vs NGO:5461: 1.51
Chubu Steel Plate Co (NGO:5461) 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.
Chubu Steel Plate Co Return-on-Tangible-Asset Related Terms
Chubu Steel Plate Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Chubu Steel Plate Co'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.
Chubu Steel Plate Co Return-on-Tangible-Asset Chart
NGO:5461 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Chubu Steel Plate Co'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.
Chubu Steel Plate Co Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Chubu Steel Plate Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chubu Steel Plate Co'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.98% mean?
Chubu Steel Plate Co (NGO:5461) has a Return-on-Tangible-Asset of 1.98% 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 Chubu Steel Plate Co and its competitors. This is 42% below median its historical median of 3.41. Over the past decade, Chubu Steel Plate Co's Return-on-Tangible-Asset has ranged from 1.51 to 10.38. According to the industry distribution chart, Chubu Steel Plate Co ranks #342 out of 634 companies in the Steel industry, placing it in the top 53.9%.
Is Chubu Steel Plate Co's Return-on-Tangible-Asset too high?
Chubu Steel Plate Co's current Return-on-Tangible-Asset of 1.98% is 42% below median its 10-year median of 3.41. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 10.38. The Steel industry median Return-on-Tangible-Asset is 2.06. Chubu Steel Plate Co's value of 1.98% is 3.6% below this industry median. Based on the distribution chart, Chubu Steel Plate Co ranks #342 out of 634 companies in the Steel industry, which is below the industry midpoint. Overall, Chubu Steel Plate Co has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Chubu Steel Plate Co's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Chubu Steel Plate Co ranks #342 out of 634 companies for Return-on-Tangible-Asset. This places Chubu Steel Plate Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.06. Chubu Steel Plate Co's value of 1.98% is 3.6% below this benchmark. Historically, Chubu Steel Plate Co's own Return-on-Tangible-Asset has ranged from 1.51 to 10.38 over the past decade. While the company's 10-year median is 3.41 vs. the industry median of 2.06, Chubu Steel Plate Co has consistently been below 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.06, based on 634 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. Chubu Steel Plate Co's current Return-on-Tangible-Asset of 1.98% is 3.6% below 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 Chubu Steel Plate Co and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chubu Steel Plate Co's current Return-on-Tangible-Asset is 1.98%, which is 42% below median its own 10-year median of 3.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chubu Steel Plate Co stock overvalued right now?
Chubu Steel Plate Co (NGO:5461) has a current Return-on-Tangible-Asset of 1.98%. The stock's GF Value™ is 円1,816.55, compared to a current price of 円2,082.00 — trading 14.6% above its estimated fair value. The current Return-on-Tangible-Asset is 1.98%, which is 42% below median its 10-year median of 3.41 and 3.6% below the Steel industry median of 2.06. Chubu Steel Plate Co's overall GF Score™ is 74/100 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 Chubu Steel Plate Co (NGO:5461), the current Return-on-Tangible-Asset is 1.98% 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 Chubu Steel Plate Co (NGO:5461) Overvalued in 2026?
Based on GuruFocus' analysis, Chubu Steel Plate Co stock appears to be overvalued.
The current stock price of 円2,082.00 is trading 14.6% above its estimated GF Value™ of 円1,816.55.
Key valuation signals for NGO:5461:
Return-on-Tangible-Asset: 1.98% (42% below median its 10-year median of 3.41)
GF Value™: 円1,816.55 vs. price of 円2,082.00 (14.6% above fair value)
Industry Position: 3.6% below the Steel median (#342 of 634)
No single metric tells the full story. See the NGO:5461 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chubu Steel Plate Co Ltd engages in the manufacture and sale of thick steel sheets and pieces, and the cutting of steel plates in Japan. The company's segment includes Steel-related business, Rental Business, Logistics business, and Engineering Business. The company generates the majority of its revenue from Steel-related business, which manufactures and sells thick steel plate products using electric furnaces.
74GF Score
Get the complete analysis for NGO:5461
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