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Fuda New Material Group CoSHSE:603045 +0.95%71 Return-on-Tangible-Asset is 21.36% as of Mar. 2026, which is 530% above its 10-year median of 3.39. GuruFocus rates SHSE:603045 with a GF Score™ of 71/100 and a GF Value™ of ¥27.58 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 3,076 Industrial Products companies, Fuda New Material Group Co ranks better than 84.23% 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. Fuda New Material Group Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥724 Mil. Fuda New Material Group Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥3,391 Mil. Therefore, Fuda New Material Group Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 21.36%.
The historical rank and industry rank for Fuda New Material Group Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603045'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.51 Med: 3.39 Max: 9.69
Current: 9.69
During the past 13 years, Fuda New Material Group Co's highest Return-on-Tangible-Asset was 9.69%. The lowest was 1.51%. And the median was 3.39%.
SHSE:603045's Return-on-Tangible-Asset is ranked better than 84.23% of 3076
companies
in the Industrial Products industry
Industry Median: 3.315
vs SHSE:603045: 9.69
Fuda New Material Group Co (SHSE:603045) 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.
Fuda New Material Group Co Return-on-Tangible-Asset Related Terms
Fuda New Material 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.
Fuda New Material Group Co Return-on-Tangible-Asset Chart
SHSE:603045 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Fuda New Material 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.
Fuda New Material Group Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fuda New Material Group Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Fuda New Material 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 21.36% mean?
Fuda New Material Group Co (SHSE:603045) has a Return-on-Tangible-Asset of 21.36% 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 Fuda New Material Group Co and its competitors. This is 530% above median its historical median of 3.39. Over the past decade, Fuda New Material Group Co's Return-on-Tangible-Asset has ranged from 1.51 to 9.69. According to the industry distribution chart, Fuda New Material Group Co ranks #485 out of 3076 companies in the Industrial Products industry, placing it in the top 15.8%.
Is Fuda New Material Group Co's Return-on-Tangible-Asset too high?
Fuda New Material Group Co's current Return-on-Tangible-Asset of 21.36% is 530% above median its 10-year median of 3.39. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 9.69. The Industrial Products industry median Return-on-Tangible-Asset is 3.32. Fuda New Material Group Co's value of 21.36% is 544.3% above this industry median. Based on the distribution chart, Fuda New Material Group Co ranks #485 out of 3076 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Fuda New Material Group Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fuda New Material Group Co's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Fuda New Material Group Co ranks #485 out of 3076 companies for Return-on-Tangible-Asset. This places Fuda New Material Group Co in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.32. Fuda New Material Group Co's value of 21.36% is 544.3% above this benchmark. Historically, Fuda New Material Group Co's own Return-on-Tangible-Asset has ranged from 1.51 to 9.69 over the past decade. While the company's 10-year median is 3.39 vs. the industry median of 3.32, Fuda New Material 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.32, based on 3,076 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. Fuda New Material Group Co's current Return-on-Tangible-Asset of 21.36% is 544.3% 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 Fuda New Material Group Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuda New Material Group Co's current Return-on-Tangible-Asset is 21.36%, which is 530% above median its own 10-year median of 3.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuda New Material Group Co stock overvalued right now?
Based on GuruFocus' analysis, Fuda New Material Group Co (SHSE:603045) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥27.58, compared to a current price of ¥55.11 — trading 99.8% above its estimated fair value. The current Return-on-Tangible-Asset is 21.36%, which is 530% above median its 10-year median of 3.39 and 544.3% above the Industrial Products industry median of 3.32. Fuda New Material Group Co's overall GF Score™ is 71/100 with 3 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 Fuda New Material Group Co (SHSE:603045), the current Return-on-Tangible-Asset is 21.36% 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 Fuda New Material Group Co (SHSE:603045) Overvalued in 2026?
Based on GuruFocus' analysis, Fuda New Material Group Co stock appears to be overvalued.
The current stock price of ¥55.11 is trading 99.8% above its estimated GF Value™ of ¥27.58.
GuruFocus considers Fuda New Material Group Co to be Significantly Overvalued.
Key valuation signals for SHSE:603045:
Return-on-Tangible-Asset: 21.36% (530% above median its 10-year median of 3.39)
GF Value™: ¥27.58 vs. price of ¥55.11 (99.8% above fair value)
Industry Position: 544.3% above the Industrial Products median (#485 of 3076)
No single metric tells the full story. See the SHSE:603045 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fuda New Material Group Co Ltd is engaged in the manufacturing of power electronic components; sales of power electronic components; manufacturing of electronic components; manufacturing of power transmission, distribution.
71GF Score
Get the complete analysis for SHSE:603045
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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