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National Metal Manufacturing And Casting Co (SAU:2220) 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.
National Metal Manufacturing And Casting Co Return-on-Tangible-Asset Related Terms
National Metal Manufacturing And Casting Co Return-on-Tangible-Asset Historical Data
* 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.
National Metal Manufacturing And Casting Co Return-on-Tangible-Asset Chart
National Metal Manufacturing And Casting Co Annual Data
SAU:2220 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, National Metal Manufacturing And Casting 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.
National Metal Manufacturing And Casting Co Return-on-Tangible-Asset vs Steel Industry
* 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of -2.32% mean?
National Metal Manufacturing And Casting Co (SAU:2220) has a Return-on-Tangible-Asset of -2.32% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on National Metal Manufacturing And Casting Co and its competitors. According to the industry distribution chart, National Metal Manufacturing And Casting Co ranks #570 out of 633 companies in the Steel industry, placing it in the top 90%.
Is National Metal Manufacturing And Casting Co's Return-on-Tangible-Asset too high?
National Metal Manufacturing And Casting Co's current Return-on-Tangible-Asset is -2.32%. Based on the distribution chart, National Metal Manufacturing And Casting Co ranks #570 out of 633 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, National Metal Manufacturing And Casting Co has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Metal Manufacturing And Casting Co's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, National Metal Manufacturing And Casting Co ranks #570 out of 633 companies for Return-on-Tangible-Asset. This places National Metal Manufacturing And Casting Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.21. 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.21, based on 633 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. 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 National Metal Manufacturing And Casting Co and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Metal Manufacturing And Casting Co's current Return-on-Tangible-Asset is -2.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Metal Manufacturing And Casting Co stock overvalued right now?
Based on GuruFocus' analysis, National Metal Manufacturing And Casting Co (SAU:2220) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼15.98, compared to a current price of ﷼11.99 — trading 25% below its estimated fair value. The current Return-on-Tangible-Asset is -2.32%. National Metal Manufacturing And Casting Co's overall GF Score™ is 59/100 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 National Metal Manufacturing And Casting Co (SAU:2220), the current Return-on-Tangible-Asset is -2.32% as of Jun. 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 National Metal Manufacturing And Casting Co (SAU:2220) Overvalued in 2026?
Based on GuruFocus' analysis, National Metal Manufacturing And Casting Co stock appears to be undervalued.
The current stock price of ﷼11.99 is trading 25% below its estimated GF Value™ of ﷼15.98.
GuruFocus considers National Metal Manufacturing And Casting Co to be Modestly Undervalued.
Key valuation signals for SAU:2220:
Return-on-Tangible-Asset: -2.32%
GF Value™: ﷼15.98 vs. price of ﷼11.99 (25% below fair value)
No single metric tells the full story. See the SAU:2220 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Metal Manufacturing And Casting Co manufactures and sells metal engineering products and services. It holds interests in the manufacturing of iron and steel castings, steel wires, spring and welding wires, strands, axles, pumps, fasteners, nails, bolts, valves, pipe fittings, and automotive spare parts; provides maintenance services. Its operating segments include: Transformation industries, Engineering and metal forming industries, and Industrial valves. Geographically, all the operations are functioned through the regions of Saudi Arabia, however, it also has a presence across Asia, the Middle East, and Europe.
59GF Score
Get the complete analysis for SAU:2220
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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