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Opple Lighting CoSHSE:603515 +0.40%86 Return-on-Tangible-Asset is 5.58% as of Jun. 2026, which is 47% below its 10-year median of 10.53. GuruFocus rates SHSE:603515 with a GF Score™ of 86/100 and a GF Value™ of ¥17.16 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 432 Furnishings, Fixtures & Appliances companies, Opple Lighting Co ranks better than 84.26% 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. Opple Lighting Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥493 Mil. Opple Lighting Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥8,838 Mil. Therefore, Opple Lighting Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 5.58%.
The historical rank and industry rank for Opple Lighting Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603515'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.98 Med: 10.53 Max: 13.37
Current: 8.98
During the past 13 years, Opple Lighting Co's highest Return-on-Tangible-Asset was 13.37%. The lowest was 8.98%. And the median was 10.53%.
SHSE:603515's Return-on-Tangible-Asset is ranked better than 84.26% of 432
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.59
vs SHSE:603515: 8.98
Opple Lighting Co (SHSE:603515) 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.
Opple Lighting Co Return-on-Tangible-Asset Related Terms
Opple Lighting Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Opple Lighting 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.
SHSE:603515 vs SN, SGI, MHK: Return-on-Tangible-Asset Comparison
For the Furnishings, Fixtures & Appliances subindustry, Opple Lighting 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.
Opple Lighting Co Return-on-Tangible-Asset vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Opple Lighting Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Opple Lighting 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 5.58% mean?
Opple Lighting Co (SHSE:603515) has a Return-on-Tangible-Asset of 5.58% 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 Opple Lighting Co and its competitors. This is 47% below median its historical median of 10.53. Over the past decade, Opple Lighting Co's Return-on-Tangible-Asset has ranged from 8.98 to 13.37. According to the industry distribution chart, Opple Lighting Co ranks #68 out of 432 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 15.7%.
Is Opple Lighting Co's Return-on-Tangible-Asset too high?
Opple Lighting Co's current Return-on-Tangible-Asset of 5.58% is 47% below median its 10-year median of 10.53. Over the past 10 years, this metric has ranged from a low of 8.98 to a high of 13.37. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Asset is 2.59. Opple Lighting Co's value of 5.58% is 115.4% above this industry median. Based on the distribution chart, Opple Lighting Co ranks #68 out of 432 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Opple Lighting Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Opple Lighting Co's Return-on-Tangible-Asset compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Opple Lighting Co ranks #68 out of 432 companies for Return-on-Tangible-Asset. This places Opple Lighting Co in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.59. Opple Lighting Co's value of 5.58% is 115.4% above this benchmark. Historically, Opple Lighting Co's own Return-on-Tangible-Asset has ranged from 8.98 to 13.37 over the past decade. While the company's 10-year median is 10.53 vs. the industry median of 2.59, Opple Lighting 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 Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Asset among Furnishings, Fixtures & Appliances companies is 2.59, based on 432 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. Opple Lighting Co's current Return-on-Tangible-Asset of 5.58% is 115.4% 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 Opple Lighting Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Asset is 2.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Opple Lighting Co's current Return-on-Tangible-Asset is 5.58%, which is 47% below median its own 10-year median of 10.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Opple Lighting Co stock overvalued right now?
Based on GuruFocus' analysis, Opple Lighting Co (SHSE:603515) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥17.16, compared to a current price of ¥14.91 — trading 13.1% below its estimated fair value. The current Return-on-Tangible-Asset is 5.58%, which is 47% below median its 10-year median of 10.53 and 115.4% above the Furnishings, Fixtures & Appliances industry median of 2.59. Opple Lighting Co's overall GF Score™ is 86/100 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 Opple Lighting Co (SHSE:603515), the current Return-on-Tangible-Asset is 5.58% 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 Opple Lighting Co (SHSE:603515) Overvalued in 2026?
Based on GuruFocus' analysis, Opple Lighting Co stock appears to be undervalued.
The current stock price of ¥14.91 is trading 13.1% below its estimated GF Value™ of ¥17.16.
GuruFocus considers Opple Lighting Co to be Modestly Undervalued.
Key valuation signals for SHSE:603515:
Return-on-Tangible-Asset: 5.58% (47% below median its 10-year median of 10.53)
GF Value™: ¥17.16 vs. price of ¥14.91 (13.1% below fair value)
Industry Position: 115.4% above the Furnishings, Fixtures & Appliances median (#68 of 432)
No single metric tells the full story. See the SHSE:603515 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Opple Lighting Co Ltd is a China-based integrated lighting manufacturing company. It offers electrical appliances to large-scale commercial lighting solutions. The products of the company are LED light source, LED home luminaires and LED professional luminaires. Its other products range from lamps and ceiling fixtures to electrical appliances.
86GF Score
Get the complete analysis for SHSE:603515
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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