Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
SHSE:603683'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.26 Med: 3.02 Max: 10.66
Current: 3.3
During the past 13 years, Shanghai Smith Adhesive New Material Co's highest Return-on-Tangible-Asset was 10.66%. The lowest was 0.26%. And the median was 3.02%.
SHSE:603683's Return-on-Tangible-Asset is ranked worse than 52.57% of 1617
companies
in the Chemicals industry
Industry Median: 3.62
vs SHSE:603683: 3.30
Shanghai Smith Adhesive New Material Co (SHSE:603683) 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.
Shanghai Smith Adhesive New Material Co Return-on-Tangible-Asset Related Terms
Shanghai Smith Adhesive New Material 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.
Shanghai Smith Adhesive New Material Co Return-on-Tangible-Asset Chart
Shanghai Smith Adhesive New Material Co Annual Data
SHSE:603683 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Shanghai Smith Adhesive New Material 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.
Shanghai Smith Adhesive New Material Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shanghai Smith Adhesive New Material Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shanghai Smith Adhesive New Material 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 2.87% mean?
Shanghai Smith Adhesive New Material Co (SHSE:603683) has a Return-on-Tangible-Asset of 2.87% 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 Shanghai Smith Adhesive New Material Co and its competitors. This is near median its historical median of 3.02. Over the past decade, Shanghai Smith Adhesive New Material Co's Return-on-Tangible-Asset has ranged from 0.26 to 10.66. According to the industry distribution chart, Shanghai Smith Adhesive New Material Co ranks #850 out of 1617 companies in the Chemicals industry, placing it in the top 52.6%.
Is Shanghai Smith Adhesive New Material Co's Return-on-Tangible-Asset too high?
Shanghai Smith Adhesive New Material Co's current Return-on-Tangible-Asset of 2.87% is near median its 10-year median of 3.02. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 10.66. The Chemicals industry median Return-on-Tangible-Asset is 3.62. Shanghai Smith Adhesive New Material Co's value of 2.87% is 20.7% below this industry median. Based on the distribution chart, Shanghai Smith Adhesive New Material Co ranks #850 out of 1617 companies in the Chemicals industry, which is below the industry midpoint. Overall, Shanghai Smith Adhesive New Material Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Smith Adhesive New Material Co's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shanghai Smith Adhesive New Material Co ranks #850 out of 1617 companies for Return-on-Tangible-Asset. This places Shanghai Smith Adhesive New Material Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.62. Shanghai Smith Adhesive New Material Co's value of 2.87% is 20.7% below this benchmark. Historically, Shanghai Smith Adhesive New Material Co's own Return-on-Tangible-Asset has ranged from 0.26 to 10.66 over the past decade. While the company's 10-year median is 3.02 vs. the industry median of 3.62, Shanghai Smith Adhesive New Material Co has consistently been below 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 3.62, based on 1,617 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. Shanghai Smith Adhesive New Material Co's current Return-on-Tangible-Asset of 2.87% is 20.7% below 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 Shanghai Smith Adhesive New Material Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Smith Adhesive New Material Co's current Return-on-Tangible-Asset is 2.87%, which is near median its own 10-year median of 3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Smith Adhesive New Material Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Smith Adhesive New Material Co (SHSE:603683) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥12.65, compared to a current price of ¥15.99 — trading 26.4% above its estimated fair value. The current Return-on-Tangible-Asset is 2.87%, which is near median its 10-year median of 3.02 and 20.7% below the Chemicals industry median of 3.62. Shanghai Smith Adhesive New Material Co's overall GF Score™ is 67/100 with 5 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 Shanghai Smith Adhesive New Material Co (SHSE:603683), the current Return-on-Tangible-Asset is 2.87% 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 Shanghai Smith Adhesive New Material Co (SHSE:603683) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Smith Adhesive New Material Co stock appears to be overvalued.
The current stock price of ¥15.99 is trading 26.4% above its estimated GF Value™ of ¥12.65.
GuruFocus considers Shanghai Smith Adhesive New Material Co to be Modestly Overvalued.
Key valuation signals for SHSE:603683:
Return-on-Tangible-Asset: 2.87% (near median its 10-year median of 3.02)
GF Value™: ¥12.65 vs. price of ¥15.99 (26.4% above fair value)
Industry Position: 20.7% below the Chemicals median (#850 of 1617)
No single metric tells the full story. See the SHSE:603683 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Smith Adhesive New Material Co Ltd is engaged in producing and manufacturing adhesive materials, including special paper, profile adhesive tape, electronic adhesive tape, cloth-based adhesive tape and other adhesive tape products. Its main products include masking tape, duct tape, rice tape, double-sided tape, foam tape, aluminum foil tape, kraft paper tape, bopp tape, covering tape and industrial tape. Products are widely used in various fields such as household, automotive, stationary, electronic and other fields.
67GF Score
Get the complete analysis for SHSE:603683
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:603683 has been successfully added to your 
