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NOFNOFCF 89 Return-on-Tangible-Asset is 15.43% as of Mar. 2026, which is 64% above its 10-year median of 9.39. GuruFocus rates NOFCF with a GF Score™ of 89/100 and a GF Value™ of $19.18. Among 1,612 Chemicals companies, NOF ranks better than 88.52% 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. NOF's annualizedNet Income for the quarter that ended in Mar. 2026 was $378 Mil. NOF's average total tangible assets for the quarter that ended in Mar. 2026 was $2,448 Mil. Therefore, NOF's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 15.43%.
The historical rank and industry rank for NOF's Return-on-Tangible-Asset or its related term are showing as below:
NOFCF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.53 Med: 9.39 Max: 11.38
Current: 10.83
During the past 13 years, NOF's highest Return-on-Tangible-Asset was 11.38%. The lowest was 8.53%. And the median was 9.39%.
NOFCF's Return-on-Tangible-Asset is ranked better than 88.52% of 1612
companies
in the Chemicals industry
Industry Median: 3.08
vs NOFCF: 10.83
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.
NOF Return-on-Tangible-Asset Related Terms
NOF Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NOF'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.
NOFCF vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, NOF'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.
NOF Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, NOF's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NOF'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 15.43% mean?
NOF (NOFCF) has a Return-on-Tangible-Asset of 15.43% 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 NOF and its competitors. This is 64% above median its historical median of 9.39. Over the past decade, NOF's Return-on-Tangible-Asset has ranged from 8.53 to 11.38. According to the industry distribution chart, NOF ranks #185 out of 1612 companies in the Chemicals industry, placing it in the top 11.5%.
Is NOF's Return-on-Tangible-Asset too high?
NOF's current Return-on-Tangible-Asset of 15.43% is 64% above median its 10-year median of 9.39. Over the past 10 years, this metric has ranged from a low of 8.53 to a high of 11.38. The Chemicals industry median Return-on-Tangible-Asset is 3.08. NOF's value of 15.43% is 401% above this industry median. Based on the distribution chart, NOF ranks #185 out of 1612 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, NOF has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does NOF's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, NOF ranks #185 out of 1612 companies for Return-on-Tangible-Asset. This places NOF in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.08. NOF's value of 15.43% is 401% above this benchmark. Historically, NOF's own Return-on-Tangible-Asset has ranged from 8.53 to 11.38 over the past decade. While the company's 10-year median is 9.39 vs. the industry median of 3.08, NOF 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.08, based on 1,612 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. NOF's current Return-on-Tangible-Asset of 15.43% is 401% 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 NOF and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NOF's current Return-on-Tangible-Asset is 15.43%, which is 64% above median its own 10-year median of 9.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NOF stock overvalued right now?
NOF (NOFCF) has a current Return-on-Tangible-Asset of 15.43%. The stock's GF Value™ is $19.18, compared to a current price of $17.86 — trading 6.9% below its estimated fair value. The current Return-on-Tangible-Asset is 15.43%, which is 64% above median its 10-year median of 9.39 and 401% above the Chemicals industry median of 3.08. NOF's overall GF Score™ is 89/100. 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 NOF (NOFCF), the current Return-on-Tangible-Asset is 15.43% 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 NOF (NOFCF) Overvalued in 2026?
Based on GuruFocus' analysis, NOF stock appears to be undervalued.
The current stock price of $17.86 is trading 6.9% below its estimated GF Value™ of $19.18.
Key valuation signals for NOFCF:
Return-on-Tangible-Asset: 15.43% (64% above median its 10-year median of 9.39)
GF Value™: $19.18 vs. price of $17.86 (6.9% below fair value)
Industry Position: 401% above the Chemicals median (#185 of 1612)
No single metric tells the full story. See the NOFCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NOF Corp is engaged in the chemical manufacturing business. The Group has three reportable segments: Functional Chemicals Business, Pharmaceuticals, Medical and Healthcare Business, & Chemicals Business. The Functional Chemicals segment manufactures and sells fatty acids, surfactants, ethylene oxide/propylene oxide derivatives, organic peroxides, petrochemicals, functional polymers, electronic materials, and special rust prevention agents. The Pharmaceuticals, Medical and Healthcare segment produces pharmaceutical and functional food ingredients, health-related products, biocompatible materials, and raw materials for DDS pharmaceutical formulations. The Chemicals segment manufactures and sells industrial explosives, space-related products, defense-related products, and functional products.
89GF Score
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