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Grace Fabric Technology CoSHSE:603256 -0.55%71 Return-on-Tangible-Asset is 18.70% as of Jun. 2026, which is 191% above its 10-year median of 6.42. GuruFocus rates SHSE:603256 with a GF Score™ of 71/100 and a GF Value™ of ¥21.26 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,618 Chemicals companies, Grace Fabric Technology Co ranks better than 91.22% 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. Grace Fabric Technology Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥957 Mil. Grace Fabric Technology Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥5,118 Mil. Therefore, Grace Fabric Technology Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 18.70%.
The historical rank and industry rank for Grace Fabric Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603256'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.5 Med: 6.42 Max: 15.18
Current: 13.07
During the past 12 years, Grace Fabric Technology Co's highest Return-on-Tangible-Asset was 15.18%. The lowest was -2.50%. And the median was 6.42%.
SHSE:603256's Return-on-Tangible-Asset is ranked better than 91.22% of 1618
companies
in the Chemicals industry
Industry Median: 3.54
vs SHSE:603256: 13.07
Grace Fabric Technology Co (SHSE:603256) 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.
Grace Fabric Technology Co Return-on-Tangible-Asset Related Terms
Grace Fabric Technology 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.
Grace Fabric Technology Co Return-on-Tangible-Asset Chart
SHSE:603256 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Grace Fabric Technology 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.
Grace Fabric Technology Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Grace Fabric Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Grace Fabric Technology 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 18.70% mean?
Grace Fabric Technology Co (SHSE:603256) has a Return-on-Tangible-Asset of 18.70% 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 Grace Fabric Technology Co and its competitors. This is 191% above median its historical median of 6.42. According to the industry distribution chart, Grace Fabric Technology Co ranks #142 out of 1618 companies in the Chemicals industry, placing it in the top 8.8%.
Is Grace Fabric Technology Co's Return-on-Tangible-Asset too high?
Grace Fabric Technology Co's current Return-on-Tangible-Asset of 18.70% is 191% above median its 10-year median of 6.42. The Chemicals industry median Return-on-Tangible-Asset is 3.54. Grace Fabric Technology Co's value of 18.70% is 428.2% above this industry median. Based on the distribution chart, Grace Fabric Technology Co ranks #142 out of 1618 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Grace Fabric Technology 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 Grace Fabric Technology Co's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Grace Fabric Technology Co ranks #142 out of 1618 companies for Return-on-Tangible-Asset. This places Grace Fabric Technology Co in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.54. Grace Fabric Technology Co's value of 18.70% is 428.2% above this benchmark. While the company's 10-year median is 6.42 vs. the industry median of 3.54, Grace Fabric Technology 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.54, based on 1,618 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. Grace Fabric Technology Co's current Return-on-Tangible-Asset of 18.70% is 428.2% 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 Grace Fabric Technology Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grace Fabric Technology Co's current Return-on-Tangible-Asset is 18.70%, which is 191% above median its own 10-year median of 6.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grace Fabric Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Grace Fabric Technology Co (SHSE:603256) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥21.26, compared to a current price of ¥133.16 — trading 526.3% above its estimated fair value. The current Return-on-Tangible-Asset is 18.70%, which is 191% above median its 10-year median of 6.42 and 428.2% above the Chemicals industry median of 3.54. Grace Fabric Technology Co's overall GF Score™ is 71/100 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 Grace Fabric Technology Co (SHSE:603256), the current Return-on-Tangible-Asset is 18.70% 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 Grace Fabric Technology Co (SHSE:603256) Overvalued in 2026?
Based on GuruFocus' analysis, Grace Fabric Technology Co stock appears to be overvalued.
The current stock price of ¥133.16 is trading 526.3% above its estimated GF Value™ of ¥21.26.
GuruFocus considers Grace Fabric Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:603256:
Return-on-Tangible-Asset: 18.70% (191% above median its 10-year median of 6.42)
GF Value™: ¥21.26 vs. price of ¥133.16 (526.3% above fair value)
Industry Position: 428.2% above the Chemicals median (#142 of 1618)
No single metric tells the full story. See the SHSE:603256 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grace Fabric Technology Co Ltd is mainly engaged in the research and development, production and sales of electronic grade glass fiber cloth. The company's main products are high-end electronic grade glass fiber cloth products, mainly including ultra-thin, ultra-thin, thin electronic grade fiberglass cloth.
71GF Score
Get the complete analysis for SHSE:603256
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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