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The historical rank and industry rank for Advanced Micro-fabrication Equipment's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688012'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -22.3 Med: 6.96 Max: 10.36
Current: 10.2
During the past 10 years, Advanced Micro-fabrication Equipment's highest Return-on-Tangible-Asset was 10.36%. The lowest was -22.30%. And the median was 6.96%.
SHSE:688012's Return-on-Tangible-Asset is ranked better than 79.75% of 1027
companies
in the Semiconductors industry
Industry Median: 2.69
vs SHSE:688012: 10.20
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.
Advanced Micro-fabrication Equipment Return-on-Tangible-Asset Related Terms
Advanced Micro-fabrication Equipment 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.
SHSE:688012 vs AMAT, LRCX, KLAC: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, Advanced Micro-fabrication Equipment'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.
Advanced Micro-fabrication Equipment Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Advanced Micro-fabrication Equipment's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Advanced Micro-fabrication Equipment'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 13.49% mean?
Advanced Micro-fabrication Equipment (SHSE:688012) has a Return-on-Tangible-Asset of 13.49% 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 Advanced Micro-fabrication Equipment and its competitors. This is 94% above median its historical median of 6.96. According to the industry distribution chart, Advanced Micro-fabrication Equipment ranks #208 out of 1027 companies in the Semiconductors industry, placing it in the top 20.3%.
Is Advanced Micro-fabrication Equipment's Return-on-Tangible-Asset too high?
Advanced Micro-fabrication Equipment's current Return-on-Tangible-Asset of 13.49% is 94% above median its 10-year median of 6.96. The Semiconductors industry median Return-on-Tangible-Asset is 2.69. Advanced Micro-fabrication Equipment's value of 13.49% is 401.5% above this industry median. Based on the distribution chart, Advanced Micro-fabrication Equipment ranks #208 out of 1027 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Advanced Micro-fabrication Equipment has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advanced Micro-fabrication Equipment's Return-on-Tangible-Asset compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Advanced Micro-fabrication Equipment ranks #208 out of 1027 companies for Return-on-Tangible-Asset. This places Advanced Micro-fabrication Equipment in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.69. Advanced Micro-fabrication Equipment's value of 13.49% is 401.5% above this benchmark. While the company's 10-year median is 6.96 vs. the industry median of 2.69, Advanced Micro-fabrication Equipment 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.69, based on 1,027 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. Advanced Micro-fabrication Equipment's current Return-on-Tangible-Asset of 13.49% is 401.5% 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 Advanced Micro-fabrication Equipment and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advanced Micro-fabrication Equipment's current Return-on-Tangible-Asset is 13.49%, which is 94% above median its own 10-year median of 6.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced Micro-fabrication Equipment stock overvalued right now?
Based on GuruFocus' analysis, Advanced Micro-fabrication Equipment (SHSE:688012) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥234.45, compared to a current price of ¥383.00 — trading 63.4% above its estimated fair value. The current Return-on-Tangible-Asset is 13.49%, which is 94% above median its 10-year median of 6.96 and 401.5% above the Semiconductors industry median of 2.69. Advanced Micro-fabrication Equipment's overall GF Score™ is 82/100 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 Advanced Micro-fabrication Equipment (SHSE:688012), the current Return-on-Tangible-Asset is 13.49% 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 Advanced Micro-fabrication Equipment (SHSE:688012) Overvalued in 2026?
Based on GuruFocus' analysis, Advanced Micro-fabrication Equipment stock appears to be overvalued.
The current stock price of ¥383.00 is trading 63.4% above its estimated GF Value™ of ¥234.45.
GuruFocus considers Advanced Micro-fabrication Equipment to be Significantly Overvalued.
Key valuation signals for SHSE:688012:
Return-on-Tangible-Asset: 13.49% (94% above median its 10-year median of 6.96)
GF Value™: ¥234.45 vs. price of ¥383.00 (63.4% above fair value)
Industry Position: 401.5% above the Semiconductors median (#208 of 1027)
No single metric tells the full story. See the SHSE:688012 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Advanced Micro-fabrication Equipment Business Description
Advanced Micro-fabrication Equipment Inc is engaged in the development, production, and sales of equipment such as plasma etching equipment, deep silicon etching equipment, and metal organic chemical vapor deposition (MOCVD) equipment for microelectronic devices such as integrated circuits and LED chips.
82GF Score
Get the complete analysis for SHSE:688012
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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