NIONIOIF 71 Return-on-Tangible-Asset is -1.60% as of Mar. 2026. GuruFocus rates NIOIF with a GF Score™ of 71/100 and a GF Value™ of $7.77 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,334 Vehicles & Parts companies, NIO ranks worse than 90.03% 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. NIO's annualizedNet Income for the quarter that ended in Mar. 2026 was $-288 Mil. NIO's average total tangible assets for the quarter that ended in Mar. 2026 was $17,954 Mil. Therefore, NIO's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -1.60%.
The historical rank and industry rank for NIO's Return-on-Tangible-Asset or its related term are showing as below:
NIOIF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -143.77 Med: -19.8 Max: -8.13
Current: -8.13
During the past 10 years, NIO's highest Return-on-Tangible-Asset was -8.13%. The lowest was -143.77%. And the median was -19.80%.
NIOIF's Return-on-Tangible-Asset is ranked worse than 90.03% of 1334
companies
in the Vehicles & Parts industry
Industry Median: 3.115
vs NIOIF: -8.13
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.
NIO Return-on-Tangible-Asset Related Terms
NIO Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NIO'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.
NIOIF vs LI, XPEV, VFS: Return-on-Tangible-Asset Comparison
For the Auto Manufacturers subindustry, NIO'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.
NIO Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, NIO's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NIO'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -1.60% mean?
NIO (NIOIF) has a Return-on-Tangible-Asset of -1.60% 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 NIO and its competitors. According to the industry distribution chart, NIO ranks #1201 out of 1334 companies in the Vehicles & Parts industry, placing it in the top 90%.
Is NIO's Return-on-Tangible-Asset too high?
NIO's current Return-on-Tangible-Asset is -1.60%. Based on the distribution chart, NIO ranks #1201 out of 1334 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, NIO has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NIO's Return-on-Tangible-Asset compare to LI and XPEV?
According to the Vehicles & Parts industry distribution chart, NIO ranks #1201 out of 1334 companies for Return-on-Tangible-Asset. This places NIO in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.12. 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.12, based on 1,334 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. 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 NIO and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIO's current Return-on-Tangible-Asset is -1.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIO stock overvalued right now?
Based on GuruFocus' analysis, NIO (NIOIF) is currently considered Possible Value Trap. The stock's GF Value™ is $7.77, compared to a current price of $5.20 — trading 33.1% below its estimated fair value. The current Return-on-Tangible-Asset is -1.60%. NIO's overall GF Score™ is 71/100 with 3 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 NIO (NIOIF), the current Return-on-Tangible-Asset is -1.60% 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 NIO (NIOIF) Overvalued in 2026?
Based on GuruFocus' analysis, NIO stock appears to be undervalued.
The current stock price of $5.20 is trading 33.1% below its estimated GF Value™ of $7.77.
GuruFocus considers NIO to be Possible Value Trap.
Key valuation signals for NIOIF:
Return-on-Tangible-Asset: -1.60%
GF Value™: $7.77 vs. price of $5.20 (33.1% below fair value)
No single metric tells the full story. See the NIOIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations, such as battery swapping and autonomous driving. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold around 326,000 EVs in 2025, accounting for about 2% of China's passenger new energy vehicle market.
71GF Score
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