Nongfu Spring CoNNFSF 91 Return-on-Tangible-Asset is 25.75% as of Dec. 2025, which is 4% above its 10-year median of 24.78. GuruFocus rates NNFSF with a GF Score™ of 91/100 and a GF Value™ of $8.35 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 116 Beverages - Non-Alcoholic companies, Nongfu Spring Co ranks better than 97.41% 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. Nongfu Spring Co's annualizedNet Income for the quarter that ended in Dec. 2025 was $2,342 Mil. Nongfu Spring Co's average total tangible assets for the quarter that ended in Dec. 2025 was $9,093 Mil. Therefore, Nongfu Spring Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 25.75%.
The historical rank and industry rank for Nongfu Spring Co's Return-on-Tangible-Asset or its related term are showing as below:
NNFSF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 19.42 Med: 24.78 Max: 27.27
Current: 26.32
During the past 9 years, Nongfu Spring Co's highest Return-on-Tangible-Asset was 27.27%. The lowest was 19.42%. And the median was 24.78%.
NNFSF's Return-on-Tangible-Asset is ranked better than 97.41% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 6.755
vs NNFSF: 26.32
Nongfu Spring Co (OTCPK:NNFSF) 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.
Nongfu Spring Co Return-on-Tangible-Asset Related Terms
Nongfu Spring Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Nongfu Spring 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.
NNFSF vs KO, PEP, MNST: Return-on-Tangible-Asset Comparison
For the Beverages - Non-Alcoholic subindustry, Nongfu Spring 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.
Nongfu Spring Co Return-on-Tangible-Asset vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Nongfu Spring Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nongfu Spring 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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 25.75% mean?
Nongfu Spring Co (NNFSF) has a Return-on-Tangible-Asset of 25.75% 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 Nongfu Spring Co and its competitors. This is near median its historical median of 24.78. Over the past decade, Nongfu Spring Co's Return-on-Tangible-Asset has ranged from 19.42 to 27.27. According to the industry distribution chart, Nongfu Spring Co ranks #3 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 2.6%.
Is Nongfu Spring Co's Return-on-Tangible-Asset too high?
Nongfu Spring Co's current Return-on-Tangible-Asset of 25.75% is near median its 10-year median of 24.78. Over the past 10 years, this metric has ranged from a low of 19.42 to a high of 27.27. The Beverages - Non-Alcoholic industry median Return-on-Tangible-Asset is 6.76. Nongfu Spring Co's value of 25.75% is 281.2% above this industry median. Based on the distribution chart, Nongfu Spring Co ranks #3 out of 116 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Nongfu Spring Co has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nongfu Spring Co's Return-on-Tangible-Asset compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Nongfu Spring Co ranks #3 out of 116 companies for Return-on-Tangible-Asset. This places Nongfu Spring Co in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 6.76. Nongfu Spring Co's value of 25.75% is 281.2% above this benchmark. Historically, Nongfu Spring Co's own Return-on-Tangible-Asset has ranged from 19.42 to 27.27 over the past decade. While the company's 10-year median is 24.78 vs. the industry median of 6.76, Nongfu Spring Co 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 Beverages - Non-Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Non-Alcoholic companies is 6.76, based on 116 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. Nongfu Spring Co's current Return-on-Tangible-Asset of 25.75% is 281.2% 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 Nongfu Spring Co and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Asset is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nongfu Spring Co's current Return-on-Tangible-Asset is 25.75%, which is near median its own 10-year median of 24.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nongfu Spring Co stock overvalued right now?
Based on GuruFocus' analysis, Nongfu Spring Co (NNFSF) is currently considered Significantly Undervalued. The stock's GF Value™ is $8.35, compared to a current price of $5.19 — trading 37.8% below its estimated fair value. The current Return-on-Tangible-Asset is 25.75%, which is near median its 10-year median of 24.78 and 281.2% above the Beverages - Non-Alcoholic industry median of 6.76. Nongfu Spring Co's overall GF Score™ is 91/100 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 Nongfu Spring Co (NNFSF), the current Return-on-Tangible-Asset is 25.75% 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 Nongfu Spring Co (NNFSF) Overvalued in 2026?
Based on GuruFocus' analysis, Nongfu Spring Co stock appears to be undervalued.
The current stock price of $5.19 is trading 37.8% below its estimated GF Value™ of $8.35.
GuruFocus considers Nongfu Spring Co to be Significantly Undervalued.
Key valuation signals for NNFSF:
Return-on-Tangible-Asset: 25.75% (near median its 10-year median of 24.78)
GF Value™: $8.35 vs. price of $5.19 (37.8% below fair value)
Industry Position: 281.2% above the Beverages - Non-Alcoholic median (#3 of 116)
No single metric tells the full story. See the NNFSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1996, Nongfu Spring is a leading beverage producer with products primarily in the packaged water, ready-to-drink tea, juice, coffee, and functional beverages sectors in China. It holds the number-one share in the bottled water market; this segment contributed approximately 40% of the firm's revenue and EBIT in 2024.
91GF Score
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