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Zhejiang Fulai New Material CoSHSE:605488 +0.42%79 Return-on-Tangible-Asset is 1.95% as of Mar. 2026, which is 82% below its 10-year median of 11.03. GuruFocus rates SHSE:605488 with a GF Score™ of 79/100 and a GF Value™ of ¥18.21 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,615 Chemicals companies, Zhejiang Fulai New Material Co ranks worse than 62.35% on this metric.
The historical rank and industry rank for Zhejiang Fulai New Material Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:605488'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.68 Med: 11.03 Max: 17.04
Current: 1.68
During the past 9 years, Zhejiang Fulai New Material Co's highest Return-on-Tangible-Asset was 17.04%. The lowest was 1.68%. And the median was 11.03%.
SHSE:605488's Return-on-Tangible-Asset is ranked worse than 62.35% of 1615
companies
in the Chemicals industry
Industry Median: 3.16
vs SHSE:605488: 1.68
Zhejiang Fulai New Material Co (SHSE:605488) 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.
Zhejiang Fulai New Material Co Return-on-Tangible-Asset Related Terms
Zhejiang Fulai 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.
Zhejiang Fulai New Material Co Return-on-Tangible-Asset Chart
SHSE:605488 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Zhejiang Fulai 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.
Zhejiang Fulai New Material Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Zhejiang Fulai New Material Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zhejiang Fulai 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.95% mean?
Zhejiang Fulai New Material Co (SHSE:605488) has a Return-on-Tangible-Asset of 1.95% 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 Zhejiang Fulai New Material Co and its competitors. This is 82% below median its historical median of 11.03. Over the past decade, Zhejiang Fulai New Material Co's Return-on-Tangible-Asset has ranged from 1.68 to 17.04. According to the industry distribution chart, Zhejiang Fulai New Material Co ranks #1007 out of 1615 companies in the Chemicals industry, placing it in the top 62.4%.
Is Zhejiang Fulai New Material Co's Return-on-Tangible-Asset too high?
Zhejiang Fulai New Material Co's current Return-on-Tangible-Asset of 1.95% is 82% below median its 10-year median of 11.03. Over the past 10 years, this metric has ranged from a low of 1.68 to a high of 17.04. The Chemicals industry median Return-on-Tangible-Asset is 3.16. Zhejiang Fulai New Material Co's value of 1.95% is 38.3% below this industry median. Based on the distribution chart, Zhejiang Fulai New Material Co ranks #1007 out of 1615 companies in the Chemicals industry, which is below the industry midpoint. Overall, Zhejiang Fulai New Material Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Fulai New Material Co's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Zhejiang Fulai New Material Co ranks #1007 out of 1615 companies for Return-on-Tangible-Asset. This places Zhejiang Fulai New Material Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.16. Zhejiang Fulai New Material Co's value of 1.95% is 38.3% below this benchmark. Historically, Zhejiang Fulai New Material Co's own Return-on-Tangible-Asset has ranged from 1.68 to 17.04 over the past decade. While the company's 10-year median is 11.03 vs. the industry median of 3.16, Zhejiang Fulai 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 3.16, based on 1,615 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. Zhejiang Fulai New Material Co's current Return-on-Tangible-Asset of 1.95% is 38.3% 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 Zhejiang Fulai New Material Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Fulai New Material Co's current Return-on-Tangible-Asset is 1.95%, which is 82% below median its own 10-year median of 11.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Fulai New Material Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Fulai New Material Co (SHSE:605488) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥18.21, compared to a current price of ¥30.84 — trading 69.4% above its estimated fair value. The current Return-on-Tangible-Asset is 1.95%, which is 82% below median its 10-year median of 11.03 and 38.3% below the Chemicals industry median of 3.16. Zhejiang Fulai New Material Co's overall GF Score™ is 79/100 with 6 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 Zhejiang Fulai New Material Co (SHSE:605488), the current Return-on-Tangible-Asset is 1.95% 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 Zhejiang Fulai New Material Co (SHSE:605488) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Fulai New Material Co stock appears to be overvalued.
The current stock price of ¥30.84 is trading 69.4% above its estimated GF Value™ of ¥18.21.
GuruFocus considers Zhejiang Fulai New Material Co to be Significantly Overvalued.
Key valuation signals for SHSE:605488:
Return-on-Tangible-Asset: 1.95% (82% below median its 10-year median of 11.03)
GF Value™: ¥18.21 vs. price of ¥30.84 (69.4% above fair value)
Industry Position: 38.3% below the Chemicals median (#1007 of 1615)
No single metric tells the full story. See the SHSE:605488 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Fulai New Material Co Ltd is engaged in the development, production and sales of functional coating composite materials. It mainly produces advertising inkjet printing materials, label and logo printing materials, electronic-grade functional materials and other products. It owns brands such as Fleisant, Meshen, and Ori Digital.
79GF Score
Get the complete analysis for SHSE:605488
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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