Nippon Ceramic CoNPPRF 94 Return-on-Tangible-Asset is 9.79% as of Mar. 2026, which is 90% above its 10-year median of 5.16. GuruFocus rates NPPRF with a GF Score™ of 94/100 and a GF Value™ of $14.33. The stock has 4 warning signs investors should review. Among 2,496 Hardware companies, Nippon Ceramic Co ranks better than 92.59% 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 Ceramic Co's annualizedNet Income for the quarter that ended in Mar. 2026 was $33.4 Mil. Nippon Ceramic Co's average total tangible assets for the quarter that ended in Mar. 2026 was $341.2 Mil. Therefore, Nippon Ceramic Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.79%.
The historical rank and industry rank for Nippon Ceramic Co's Return-on-Tangible-Asset or its related term are showing as below:
NPPRF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.79 Med: 5.16 Max: 13.45
Current: 13.45
During the past 13 years, Nippon Ceramic Co's highest Return-on-Tangible-Asset was 13.45%. The lowest was 3.79%. And the median was 5.16%.
NPPRF's Return-on-Tangible-Asset is ranked better than 92.59% of 2496
companies
in the Hardware industry
Industry Median: 2.425
vs NPPRF: 13.45
Nippon Ceramic Co (OTCPK:NPPRF) 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.
Nippon Ceramic Co Return-on-Tangible-Asset Related Terms
Nippon Ceramic Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nippon Ceramic 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.
NPPRF vs APH, GLW: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Nippon Ceramic 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 Ceramic Co Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Nippon Ceramic Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nippon Ceramic 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 9.79% mean?
Nippon Ceramic Co (NPPRF) has a Return-on-Tangible-Asset of 9.79% 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 Ceramic Co and its competitors. This is 90% above median its historical median of 5.16. Over the past decade, Nippon Ceramic Co's Return-on-Tangible-Asset has ranged from 3.79 to 13.45. According to the industry distribution chart, Nippon Ceramic Co ranks #185 out of 2496 companies in the Hardware industry, placing it in the top 7.4%.
Is Nippon Ceramic Co's Return-on-Tangible-Asset too high?
Nippon Ceramic Co's current Return-on-Tangible-Asset of 9.79% is 90% above median its 10-year median of 5.16. Over the past 10 years, this metric has ranged from a low of 3.79 to a high of 13.45. The Hardware industry median Return-on-Tangible-Asset is 2.43. Nippon Ceramic Co's value of 9.79% is 303.7% above this industry median. Based on the distribution chart, Nippon Ceramic Co ranks #185 out of 2496 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Ceramic Co has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Ceramic Co's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Nippon Ceramic Co ranks #185 out of 2496 companies for Return-on-Tangible-Asset. This places Nippon Ceramic Co in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.43. Nippon Ceramic Co's value of 9.79% is 303.7% above this benchmark. Historically, Nippon Ceramic Co's own Return-on-Tangible-Asset has ranged from 3.79 to 13.45 over the past decade. While the company's 10-year median is 5.16 vs. the industry median of 2.43, Nippon Ceramic 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.43, based on 2,496 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 Ceramic Co's current Return-on-Tangible-Asset of 9.79% is 303.7% 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 Ceramic Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Ceramic Co's current Return-on-Tangible-Asset is 9.79%, which is 90% above median its own 10-year median of 5.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Ceramic Co stock overvalued right now?
Nippon Ceramic Co (NPPRF) has a current Return-on-Tangible-Asset of 9.79%. The stock's GF Value™ is $14.33, compared to a current price of $16.40 — trading 14.4% above its estimated fair value. The current Return-on-Tangible-Asset is 9.79%, which is 90% above median its 10-year median of 5.16 and 303.7% above the Hardware industry median of 2.43. Nippon Ceramic Co's overall GF Score™ is 94/100 with 4 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 Ceramic Co (NPPRF), the current Return-on-Tangible-Asset is 9.79% 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 Ceramic Co (NPPRF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Ceramic Co stock appears to be overvalued.
The current stock price of $16.40 is trading 14.4% above its estimated GF Value™ of $14.33.
Key valuation signals for NPPRF:
Return-on-Tangible-Asset: 9.79% (90% above median its 10-year median of 5.16)
GF Value™: $14.33 vs. price of $16.40 (14.4% above fair value)
Industry Position: 303.7% above the Hardware median (#185 of 2496)
No single metric tells the full story. See the NPPRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Ceramic Co Ltd is a Japan based company engaged in development, manufacturing and sale of ceramic sensors, ferrite, module and others. Its products are applicable for household equipment and plant facilities; automobiles; home electronics and office automation equipment; and electronics. Its Household equipment & plant faculties include lighting, sensor, security system, fire detection sensor etc. In automobile industry its products are applicable in sensor, DC- DC Converter, charging & discharging battery etc. Its products in home electronics include Microwave, airconditioner and IH cooker. Under electronics industry its products are power supplies, fan motors, inverters.
94GF Score
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