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UE Furniture CoSHSE:603600 +5.41%85 Return-on-Tangible-Asset is 6.75% as of Jun. 2026, which is 32% below its 10-year median of 9.95. GuruFocus rates SHSE:603600 with a GF Score™ of 85/100 and a GF Value™ of ¥13.20 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 433 Furnishings, Fixtures & Appliances companies, UE Furniture Co ranks better than 73.21% 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. UE Furniture Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥259 Mil. UE Furniture Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥3,838 Mil. Therefore, UE Furniture Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 6.75%.
The historical rank and industry rank for UE Furniture Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603600'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.92 Med: 9.95 Max: 14.37
Current: 6.02
During the past 13 years, UE Furniture Co's highest Return-on-Tangible-Asset was 14.37%. The lowest was 5.92%. And the median was 9.95%.
SHSE:603600's Return-on-Tangible-Asset is ranked better than 73.21% of 433
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.58
vs SHSE:603600: 6.02
UE Furniture Co (SHSE:603600) 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.
UE Furniture Co Return-on-Tangible-Asset Related Terms
UE Furniture Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for UE Furniture 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:603600 vs SN, SGI, MHK: Return-on-Tangible-Asset Comparison
For the Furnishings, Fixtures & Appliances subindustry, UE Furniture 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.
UE Furniture Co Return-on-Tangible-Asset vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, UE Furniture Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where UE Furniture 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 6.75% mean?
UE Furniture Co (SHSE:603600) has a Return-on-Tangible-Asset of 6.75% 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 UE Furniture Co and its competitors. This is 32% below median its historical median of 9.95. Over the past decade, UE Furniture Co's Return-on-Tangible-Asset has ranged from 5.92 to 14.37. According to the industry distribution chart, UE Furniture Co ranks #116 out of 433 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 26.8%.
Is UE Furniture Co's Return-on-Tangible-Asset too high?
UE Furniture Co's current Return-on-Tangible-Asset of 6.75% is 32% below median its 10-year median of 9.95. Over the past 10 years, this metric has ranged from a low of 5.92 to a high of 14.37. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Asset is 2.58. UE Furniture Co's value of 6.75% is 161.6% above this industry median. Based on the distribution chart, UE Furniture Co ranks #116 out of 433 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, UE Furniture Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does UE Furniture Co's Return-on-Tangible-Asset compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, UE Furniture Co ranks #116 out of 433 companies for Return-on-Tangible-Asset. This puts UE Furniture Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.58. UE Furniture Co's value of 6.75% is 161.6% above this benchmark. Historically, UE Furniture Co's own Return-on-Tangible-Asset has ranged from 5.92 to 14.37 over the past decade. While the company's 10-year median is 9.95 vs. the industry median of 2.58, UE Furniture 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 2.58, based on 433 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. UE Furniture Co's current Return-on-Tangible-Asset of 6.75% is 161.6% 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 UE Furniture Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Asset is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UE Furniture Co's current Return-on-Tangible-Asset is 6.75%, which is 32% below median its own 10-year median of 9.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UE Furniture Co stock overvalued right now?
Based on GuruFocus' analysis, UE Furniture Co (SHSE:603600) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥13.20, compared to a current price of ¥10.92 — trading 17.3% below its estimated fair value. The current Return-on-Tangible-Asset is 6.75%, which is 32% below median its 10-year median of 9.95 and 161.6% above the Furnishings, Fixtures & Appliances industry median of 2.58. UE Furniture Co's overall GF Score™ is 85/100 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 UE Furniture Co (SHSE:603600), the current Return-on-Tangible-Asset is 6.75% 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 UE Furniture Co (SHSE:603600) Overvalued in 2026?
Based on GuruFocus' analysis, UE Furniture Co stock appears to be undervalued.
The current stock price of ¥10.92 is trading 17.3% below its estimated GF Value™ of ¥13.20.
GuruFocus considers UE Furniture Co to be Modestly Undervalued.
Key valuation signals for SHSE:603600:
Return-on-Tangible-Asset: 6.75% (32% below median its 10-year median of 9.95)
GF Value™: ¥13.20 vs. price of ¥10.92 (17.3% below fair value)
Industry Position: 161.6% above the Furnishings, Fixtures & Appliances median (#116 of 433)
No single metric tells the full story. See the SHSE:603600 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UE Furniture Co Ltd is specialized in the research, development, production, and sales of seats. Its products involve office chairs and training, Training chairs, massage chairs, leisure chairs, children's chairs, partly functional seating metal parts sofas and functional seat accessories.
85GF Score
Get the complete analysis for SHSE:603600
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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