Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
2 Cheap Cars GroupNZSE:2CC 48 Return-on-Tangible-Asset is 12.58% as of Mar. 2026, which is 36% above its 10-year median of 9.28. GuruFocus rates NZSE:2CC with a GF Score™ of 48/100 and a GF Value™ of NZ$0.71 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,332 Vehicles & Parts companies, 2 Cheap Cars Group ranks better than 86.26% 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. 2 Cheap Cars Group's annualizedNet Income for the quarter that ended in Mar. 2026 was NZ$4.36 Mil. 2 Cheap Cars Group's average total tangible assets for the quarter that ended in Mar. 2026 was NZ$34.69 Mil. Therefore, 2 Cheap Cars Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.58%.
The historical rank and industry rank for 2 Cheap Cars Group's Return-on-Tangible-Asset or its related term are showing as below:
NZSE:2CC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.86 Med: 9.28 Max: 19.61
Current: 9.38
During the past 6 years, 2 Cheap Cars Group's highest Return-on-Tangible-Asset was 19.61%. The lowest was 3.86%. And the median was 9.28%.
NZSE:2CC's Return-on-Tangible-Asset is ranked better than 86.26% of 1332
companies
in the Vehicles & Parts industry
Industry Median: 3.125
vs NZSE:2CC: 9.38
2 Cheap Cars Group (NZSE:2CC) 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.
2 Cheap Cars Group Return-on-Tangible-Asset Related Terms
2 Cheap Cars Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for 2 Cheap Cars Group'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.
NZSE:2CC vs CVNA, PAG, ALTB: Return-on-Tangible-Asset Comparison
For the Auto & Truck Dealerships subindustry, 2 Cheap Cars Group'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.
2 Cheap Cars Group Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where 2 Cheap Cars Group'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 12.58% mean?
2 Cheap Cars Group (NZSE:2CC) has a Return-on-Tangible-Asset of 12.58% 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 2 Cheap Cars Group and its competitors. This is 36% above median its historical median of 9.28. Over the past decade, 2 Cheap Cars Group's Return-on-Tangible-Asset has ranged from 3.86 to 19.61. According to the industry distribution chart, 2 Cheap Cars Group ranks #183 out of 1332 companies in the Vehicles & Parts industry, placing it in the top 13.7%.
Is 2 Cheap Cars Group's Return-on-Tangible-Asset too high?
2 Cheap Cars Group's current Return-on-Tangible-Asset of 12.58% is 36% above median its 10-year median of 9.28. Over the past 10 years, this metric has ranged from a low of 3.86 to a high of 19.61. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.13. 2 Cheap Cars Group's value of 12.58% is 302.6% above this industry median. Based on the distribution chart, 2 Cheap Cars Group ranks #183 out of 1332 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, 2 Cheap Cars Group has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does 2 Cheap Cars Group's Return-on-Tangible-Asset compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, 2 Cheap Cars Group ranks #183 out of 1332 companies for Return-on-Tangible-Asset. This places 2 Cheap Cars Group in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.13. 2 Cheap Cars Group's value of 12.58% is 302.6% above this benchmark. Historically, 2 Cheap Cars Group's own Return-on-Tangible-Asset has ranged from 3.86 to 19.61 over the past decade. While the company's 10-year median is 9.28 vs. the industry median of 3.13, 2 Cheap Cars Group 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.13, based on 1,332 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. 2 Cheap Cars Group's current Return-on-Tangible-Asset of 12.58% is 302.6% 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 2 Cheap Cars Group and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 2 Cheap Cars Group's current Return-on-Tangible-Asset is 12.58%, which is 36% above median its own 10-year median of 9.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 2 Cheap Cars Group stock overvalued right now?
Based on GuruFocus' analysis, 2 Cheap Cars Group (NZSE:2CC) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$0.71, compared to a current price of NZ$0.80 — trading 12.7% above its estimated fair value. The current Return-on-Tangible-Asset is 12.58%, which is 36% above median its 10-year median of 9.28 and 302.6% above the Vehicles & Parts industry median of 3.13. 2 Cheap Cars Group's overall GF Score™ is 48/100 with 5 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 2 Cheap Cars Group (NZSE:2CC), the current Return-on-Tangible-Asset is 12.58% 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 2 Cheap Cars Group (NZSE:2CC) Overvalued in 2026?
Based on GuruFocus' analysis, 2 Cheap Cars Group stock appears to be overvalued.
The current stock price of NZ$0.80 is trading 12.7% above its estimated GF Value™ of NZ$0.71.
GuruFocus considers 2 Cheap Cars Group to be Modestly Overvalued.
Key valuation signals for NZSE:2CC:
Return-on-Tangible-Asset: 12.58% (36% above median its 10-year median of 9.28)
GF Value™: NZ$0.71 vs. price of NZ$0.80 (12.7% above fair value)
Industry Position: 302.6% above the Vehicles & Parts median (#183 of 1332)
No single metric tells the full story. See the NZSE:2CC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The group draws revenue from the two divisions: automotive retail division, revenue is derived from the sale of vehicles and from agent commissions relating to third-party finance and insurance products.
48GF Score
Get the complete analysis for NZSE:2CC
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NZSE:2CC has been successfully added to your 
