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.
Minmetals Development CoSHSE:600058 -0.31%51 Return-on-Tangible-Asset is 0.30% as of Mar. 2026, which is 58% below its 10-year median of 0.71. GuruFocus rates SHSE:600058 with a GF Score™ of 51/100 and a GF Value™ of ¥5.45 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 635 Steel companies, Minmetals Development Co ranks worse than 69.92% 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. Minmetals Development Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥68 Mil. Minmetals Development Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥22,742 Mil. Therefore, Minmetals Development Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.30%.
The historical rank and industry rank for Minmetals Development Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600058'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.92 Med: 0.71 Max: 2.19
Current: -0.13
During the past 13 years, Minmetals Development Co's highest Return-on-Tangible-Asset was 2.19%. The lowest was -3.92%. And the median was 0.71%.
SHSE:600058's Return-on-Tangible-Asset is ranked worse than 69.92% of 635
companies
in the Steel industry
Industry Median: 2.04
vs SHSE:600058: -0.13
Minmetals Development Co (SHSE:600058) 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.
Minmetals Development Co Return-on-Tangible-Asset Related Terms
Minmetals Development Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Minmetals Development 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.
Minmetals Development Co Return-on-Tangible-Asset Chart
SHSE:600058 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Minmetals Development 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.
Minmetals Development Co Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Minmetals Development Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Minmetals Development 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 0.30% mean?
Minmetals Development Co (SHSE:600058) has a Return-on-Tangible-Asset of 0.30% 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 Minmetals Development Co and its competitors. This is 58% below median its historical median of 0.71. According to the industry distribution chart, Minmetals Development Co ranks #444 out of 635 companies in the Steel industry, placing it in the top 69.9%.
Is Minmetals Development Co's Return-on-Tangible-Asset too high?
Minmetals Development Co's current Return-on-Tangible-Asset of 0.30% is 58% below median its 10-year median of 0.71. The Steel industry median Return-on-Tangible-Asset is 2.04. Minmetals Development Co's value of 0.30% is 85.3% below this industry median. Based on the distribution chart, Minmetals Development Co ranks #444 out of 635 companies in the Steel industry, which is below the industry midpoint. Overall, Minmetals Development Co has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Minmetals Development Co's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Minmetals Development Co ranks #444 out of 635 companies for Return-on-Tangible-Asset. This places Minmetals Development Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.04. Minmetals Development Co's value of 0.30% is 85.3% below this benchmark. While the company's 10-year median is 0.71 vs. the industry median of 2.04, Minmetals Development Co has consistently been below 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.04, based on 635 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. Minmetals Development Co's current Return-on-Tangible-Asset of 0.30% is 85.3% below 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 Minmetals Development Co and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minmetals Development Co's current Return-on-Tangible-Asset is 0.30%, which is 58% below median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minmetals Development Co stock overvalued right now?
Based on GuruFocus' analysis, Minmetals Development Co (SHSE:600058) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥5.45, compared to a current price of ¥9.59 — trading 76% above its estimated fair value. The current Return-on-Tangible-Asset is 0.30%, which is 58% below median its 10-year median of 0.71 and 85.3% below the Steel industry median of 2.04. Minmetals Development Co's overall GF Score™ is 51/100 with 2 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 Minmetals Development Co (SHSE:600058), the current Return-on-Tangible-Asset is 0.30% 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 Minmetals Development Co (SHSE:600058) Overvalued in 2026?
Based on GuruFocus' analysis, Minmetals Development Co stock appears to be overvalued.
The current stock price of ¥9.59 is trading 76% above its estimated GF Value™ of ¥5.45.
GuruFocus considers Minmetals Development Co to be Significantly Overvalued.
Key valuation signals for SHSE:600058:
Return-on-Tangible-Asset: 0.30% (58% below median its 10-year median of 0.71)
GF Value™: ¥5.45 vs. price of ¥9.59 (76% above fair value)
Industry Position: 85.3% below the Steel median (#444 of 635)
No single metric tells the full story. See the SHSE:600058 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Minmetals Development Co Ltd is a steel distribution service provider. The activities of the company include the supply of metallurgical raw materials which includes iron ore, coal, coke, and pig iron, steel trading, processing and distribution, and logistics services.
51GF Score
Get the complete analysis for SHSE:600058
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
SHSE:600058 has been successfully added to your 
