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NBTM New Materials Group CoSHSE:600114 -7.81%92 Return-on-Tangible-Asset is 7.19% as of Mar. 2026, which is 3% above its 10-year median of 6.99. GuruFocus rates SHSE:600114 with a GF Score™ of 92/100 and a GF Value™ of ¥23.72 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,334 Vehicles & Parts companies, NBTM New Materials Group Co ranks better than 79.69% on this metric.
The historical rank and industry rank for NBTM New Materials Group Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600114'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.53 Med: 6.99 Max: 10.71
Current: 8.02
During the past 13 years, NBTM New Materials Group Co's highest Return-on-Tangible-Asset was 10.71%. The lowest was 0.53%. And the median was 6.99%.
SHSE:600114's Return-on-Tangible-Asset is ranked better than 79.69% of 1334
companies
in the Vehicles & Parts industry
Industry Median: 3.305
vs SHSE:600114: 8.02
NBTM New Materials Group Co (SHSE:600114) 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.
NBTM New Materials Group Co Return-on-Tangible-Asset Related Terms
NBTM New Materials Group 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.
NBTM New Materials Group Co Return-on-Tangible-Asset Chart
SHSE:600114 vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, NBTM New Materials Group 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.
NBTM New Materials Group Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, NBTM New Materials Group Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NBTM New Materials Group 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 7.19% mean?
NBTM New Materials Group Co (SHSE:600114) has a Return-on-Tangible-Asset of 7.19% 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 NBTM New Materials Group Co and its competitors. This is near median its historical median of 6.99. Over the past decade, NBTM New Materials Group Co's Return-on-Tangible-Asset has ranged from 0.53 to 10.71. According to the industry distribution chart, NBTM New Materials Group Co ranks #271 out of 1334 companies in the Vehicles & Parts industry, placing it in the top 20.3%.
Is NBTM New Materials Group Co's Return-on-Tangible-Asset too high?
NBTM New Materials Group Co's current Return-on-Tangible-Asset of 7.19% is near median its 10-year median of 6.99. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 10.71. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.31. NBTM New Materials Group Co's value of 7.19% is 117.5% above this industry median. Based on the distribution chart, NBTM New Materials Group Co ranks #271 out of 1334 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, NBTM New Materials Group Co has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NBTM New Materials Group Co's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, NBTM New Materials Group Co ranks #271 out of 1334 companies for Return-on-Tangible-Asset. This places NBTM New Materials Group Co in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.31. NBTM New Materials Group Co's value of 7.19% is 117.5% above this benchmark. Historically, NBTM New Materials Group Co's own Return-on-Tangible-Asset has ranged from 0.53 to 10.71 over the past decade. While the company's 10-year median is 6.99 vs. the industry median of 3.31, NBTM New Materials Group 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.31, based on 1,334 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. NBTM New Materials Group Co's current Return-on-Tangible-Asset of 7.19% is 117.5% 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 NBTM New Materials Group Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NBTM New Materials Group Co's current Return-on-Tangible-Asset is 7.19%, which is near median its own 10-year median of 6.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NBTM New Materials Group Co stock overvalued right now?
Based on GuruFocus' analysis, NBTM New Materials Group Co (SHSE:600114) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥23.72, compared to a current price of ¥28.20 — trading 18.9% above its estimated fair value. The current Return-on-Tangible-Asset is 7.19%, which is near median its 10-year median of 6.99 and 117.5% above the Vehicles & Parts industry median of 3.31. NBTM New Materials Group Co's overall GF Score™ is 92/100 with 1 warning sign 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 NBTM New Materials Group Co (SHSE:600114), the current Return-on-Tangible-Asset is 7.19% 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 NBTM New Materials Group Co (SHSE:600114) Overvalued in 2026?
Based on GuruFocus' analysis, NBTM New Materials Group Co stock appears to be overvalued.
The current stock price of ¥28.20 is trading 18.9% above its estimated GF Value™ of ¥23.72.
GuruFocus considers NBTM New Materials Group Co to be Modestly Overvalued.
Key valuation signals for SHSE:600114:
Return-on-Tangible-Asset: 7.19% (near median its 10-year median of 6.99)
GF Value™: ¥23.72 vs. price of ¥28.20 (18.9% above fair value)
Industry Position: 117.5% above the Vehicles & Parts median (#271 of 1334)
No single metric tells the full story. See the SHSE:600114 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NBTM New Materials Group Co Ltd is engaged in producing and selling powder metal structural parts and magnetic materials components in China. It provides car parts, such as car engine, auto transmission, auto chassis, and other products; new energy parts; air condition compressor and refrigerator compressor parts for home appliances; and motorcycle engines, clutches, driven gears, and other components.
92GF Score
Get the complete analysis for SHSE:600114
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