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Nippon Paint Holdings CoNPCPF 89 Return-on-Tangible-Asset is 10.36% as of Mar. 2026, which is 46% above its 10-year median of 7.10. GuruFocus rates NPCPF with a GF Scoreâ„¢ of 89/100 and a GF Valueâ„¢ of $8.07 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,612 Chemicals companies, Nippon Paint Holdings Co ranks better than 78.91% 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. Nippon Paint Holdings Co's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,299 Mil. Nippon Paint Holdings Co's average total tangible assets for the quarter that ended in Mar. 2026 was $12,538 Mil. Therefore, Nippon Paint Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.36%.
The historical rank and industry rank for Nippon Paint Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
NPCPF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.93 Med: 7.1 Max: 11.88
Current: 7.6
During the past 13 years, Nippon Paint Holdings Co's highest Return-on-Tangible-Asset was 11.88%. The lowest was 4.93%. And the median was 7.10%.
NPCPF's Return-on-Tangible-Asset is ranked better than 78.91% of 1612
companies
in the Chemicals industry
Industry Median: 3.08
vs NPCPF: 7.60
Nippon Paint Holdings Co (OTCPK:NPCPF) 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 companyÂ’s 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 companyÂ’s 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.
Nippon Paint Holdings Co Return-on-Tangible-Asset Related Terms
Nippon Paint Holdings Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nippon Paint Holdings 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.
Nippon Paint Holdings Co Return-on-Tangible-Asset Chart
NPCPF vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Nippon Paint Holdings 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.
Nippon Paint Holdings Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nippon Paint Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nippon Paint Holdings 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 10.36% mean?
Nippon Paint Holdings Co (NPCPF) has a Return-on-Tangible-Asset of 10.36% 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 Nippon Paint Holdings Co and its competitors. This is 46% above median its historical median of 7.10. Over the past decade, Nippon Paint Holdings Co's Return-on-Tangible-Asset has ranged from 4.93 to 11.88. According to the industry distribution chart, Nippon Paint Holdings Co ranks #340 out of 1612 companies in the Chemicals industry, placing it in the top 21.1%.
Is Nippon Paint Holdings Co's Return-on-Tangible-Asset too high?
Nippon Paint Holdings Co's current Return-on-Tangible-Asset of 10.36% is 46% above median its 10-year median of 7.10. Over the past 10 years, this metric has ranged from a low of 4.93 to a high of 11.88. The Chemicals industry median Return-on-Tangible-Asset is 3.08. Nippon Paint Holdings Co's value of 10.36% is 236.4% above this industry median. Based on the distribution chart, Nippon Paint Holdings Co ranks #340 out of 1612 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Paint Holdings Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Paint Holdings Co's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nippon Paint Holdings Co ranks #340 out of 1612 companies for Return-on-Tangible-Asset. This places Nippon Paint Holdings Co in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.08. Nippon Paint Holdings Co's value of 10.36% is 236.4% above this benchmark. Historically, Nippon Paint Holdings Co's own Return-on-Tangible-Asset has ranged from 4.93 to 11.88 over the past decade. While the company's 10-year median is 7.10 vs. the industry median of 3.08, Nippon Paint Holdings 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 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. Nippon Paint Holdings Co's current Return-on-Tangible-Asset of 10.36% is 236.4% 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 Nippon Paint Holdings Co 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. Nippon Paint Holdings Co's current Return-on-Tangible-Asset is 10.36%, which is 46% above median its own 10-year median of 7.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Paint Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Paint Holdings Co (NPCPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.07, compared to a current price of $6.61 — trading 18.1% below its estimated fair value. The current Return-on-Tangible-Asset is 10.36%, which is 46% above median its 10-year median of 7.10 and 236.4% above the Chemicals industry median of 3.08. Nippon Paint Holdings Co's overall GF Score™ is 89/100 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 Nippon Paint Holdings Co (NPCPF), the current Return-on-Tangible-Asset is 10.36% 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 Nippon Paint Holdings Co (NPCPF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Paint Holdings Co stock appears to be undervalued.
The current stock price of $6.61 is trading 18.1% below its estimated GF Value™ of $8.07.
GuruFocus considers Nippon Paint Holdings Co to be Modestly Undervalued.
Key valuation signals for NPCPF:
Return-on-Tangible-Asset: 10.36% (46% above median its 10-year median of 7.10)
GF Value™: $8.07 vs. price of $6.61 (18.1% below fair value)
Industry Position: 236.4% above the Chemicals median (#340 of 1612)
No single metric tells the full story. See the NPCPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Paint is a global paint company with operations in over 50 countries. About two-thirds of sales are in decorative paint, serving mostly residential and some commercial customers. It has the dominant share of the paint markets in China and some smaller Asian countries, as well as Australia. In other regions, it's often one of the three largest players. Its products are distributed via paint and home improvement retailers, some 300,000 distributors globally. Household brands include Nipsea, Nippon Paint, Dulux (in Asia, the Pacific, and Europe), British Paints, Betek Boya, and Alina, among others. About one-fourth of sales are in industrial coatings and paints. Here, customer groups include manufacturers of automotive and industrial products.
89GF Score
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