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Nancal Technology CoSHSE:603859 -2.74%93 Return-on-Tangible-Asset is 5.96% as of Mar. 2026, which is 19% below its 10-year median of 7.35. GuruFocus rates SHSE:603859 with a GF Score™ of 93/100 and a GF Value™ of ¥36.43 (Fairly Valued). The stock has 4 warning signs investors should review. Among 559 Conglomerates companies, Nancal Technology Co ranks better than 79.61% 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. Nancal Technology Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥196 Mil. Nancal Technology Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥3,294 Mil. Therefore, Nancal Technology Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.96%.
The historical rank and industry rank for Nancal Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603859'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.93 Med: 7.35 Max: 9.44
Current: 7.14
During the past 13 years, Nancal Technology Co's highest Return-on-Tangible-Asset was 9.44%. The lowest was 4.93%. And the median was 7.35%.
SHSE:603859's Return-on-Tangible-Asset is ranked better than 79.61% of 559
companies
in the Conglomerates industry
Industry Median: 2.81
vs SHSE:603859: 7.14
Nancal Technology Co (SHSE:603859) 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.
Nancal Technology Co Return-on-Tangible-Asset Related Terms
Nancal Technology Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nancal Technology 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.
Nancal Technology Co Return-on-Tangible-Asset Chart
SHSE:603859 vs MMM, HON: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Nancal 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.
Nancal Technology Co Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Nancal Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nancal 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.96% mean?
Nancal Technology Co (SHSE:603859) has a Return-on-Tangible-Asset of 5.96% 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 Nancal Technology Co and its competitors. This is 19% below median its historical median of 7.35. Over the past decade, Nancal Technology Co's Return-on-Tangible-Asset has ranged from 4.93 to 9.44. According to the industry distribution chart, Nancal Technology Co ranks #114 out of 559 companies in the Conglomerates industry, placing it in the top 20.4%.
Is Nancal Technology Co's Return-on-Tangible-Asset too high?
Nancal Technology Co's current Return-on-Tangible-Asset of 5.96% is 19% below median its 10-year median of 7.35. Over the past 10 years, this metric has ranged from a low of 4.93 to a high of 9.44. The Conglomerates industry median Return-on-Tangible-Asset is 2.81. Nancal Technology Co's value of 5.96% is 112.1% above this industry median. Based on the distribution chart, Nancal Technology Co ranks #114 out of 559 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Nancal Technology Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nancal Technology Co's Return-on-Tangible-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, Nancal Technology Co ranks #114 out of 559 companies for Return-on-Tangible-Asset. This places Nancal Technology Co in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.81. Nancal Technology Co's value of 5.96% is 112.1% above this benchmark. Historically, Nancal Technology Co's own Return-on-Tangible-Asset has ranged from 4.93 to 9.44 over the past decade. While the company's 10-year median is 7.35 vs. the industry median of 2.81, Nancal 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.81, based on 559 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. Nancal Technology Co's current Return-on-Tangible-Asset of 5.96% is 112.1% 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 Nancal Technology Co and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nancal Technology Co's current Return-on-Tangible-Asset is 5.96%, which is 19% below median its own 10-year median of 7.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nancal Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Nancal Technology Co (SHSE:603859) is currently considered Fairly Valued. The stock's GF Value™ is ¥36.43, compared to a current price of ¥36.58 — trading 0.4% above its estimated fair value. The current Return-on-Tangible-Asset is 5.96%, which is 19% below median its 10-year median of 7.35 and 112.1% above the Conglomerates industry median of 2.81. Nancal Technology Co's overall GF Score™ is 93/100 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 Nancal Technology Co (SHSE:603859), the current Return-on-Tangible-Asset is 5.96% 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 Nancal Technology Co (SHSE:603859) Overvalued in 2026?
Based on GuruFocus' analysis, Nancal Technology Co stock appears to be overvalued.
The current stock price of ¥36.58 is trading 0.4% above its estimated GF Value™ of ¥36.43.
GuruFocus considers Nancal Technology Co to be Fairly Valued.
Key valuation signals for SHSE:603859:
Return-on-Tangible-Asset: 5.96% (19% below median its 10-year median of 7.35)
GF Value™: ¥36.43 vs. price of ¥36.58 (0.4% above fair value)
Industry Position: 112.1% above the Conglomerates median (#114 of 559)
No single metric tells the full story. See the SHSE:603859 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nancal Technology Co Ltd provides energy saving and intelligent manufacturing hardware and software integrated solutions for industrial enterprises in China. The company operates through the following business division Smart Electrical, Smart Charging and Smart Manufacturing. Its products are applied in the fields of petrochemical industry, iron and steel metallurgy, coal mining, aviation equipment and power new energy.
93GF Score
Get the complete analysis for SHSE:603859
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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