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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.
Smartgiant Technology CoSHSE:688115 +7.48%73 Return-on-Tangible-Asset is 1.55% as of Mar. 2026, which is 88% below its 10-year median of 12.69. GuruFocus rates SHSE:688115 with a GF Score™ of 73/100 and a GF Value™ of ¥45.83 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,501 Hardware companies, Smartgiant Technology Co ranks worse than 62.85% 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. Smartgiant Technology Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥21.1 Mil. Smartgiant Technology Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥1,363.5 Mil. Therefore, Smartgiant Technology Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.55%.
The historical rank and industry rank for Smartgiant Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688115'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.73 Med: 12.69 Max: 35.87
Current: 0.57
During the past 8 years, Smartgiant Technology Co's highest Return-on-Tangible-Asset was 35.87%. The lowest was -0.73%. And the median was 12.69%.
SHSE:688115's Return-on-Tangible-Asset is ranked worse than 62.85% of 2501
companies
in the Hardware industry
Industry Median: 2.48
vs SHSE:688115: 0.57
Smartgiant Technology Co (SHSE:688115) 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.
Smartgiant Technology Co Return-on-Tangible-Asset Related Terms
Smartgiant Technology Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Smartgiant 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.
Smartgiant Technology Co Return-on-Tangible-Asset Chart
SHSE:688115 vs COHR, KEYS, GRMN: Return-on-Tangible-Asset Comparison
For the Scientific & Technical Instruments subindustry, Smartgiant 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.
Smartgiant Technology Co Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Smartgiant Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Smartgiant 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 1.55% mean?
Smartgiant Technology Co (SHSE:688115) has a Return-on-Tangible-Asset of 1.55% 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 Smartgiant Technology Co and its competitors. This is 88% below median its historical median of 12.69. According to the industry distribution chart, Smartgiant Technology Co ranks #1572 out of 2501 companies in the Hardware industry, placing it in the top 62.9%.
Is Smartgiant Technology Co's Return-on-Tangible-Asset too high?
Smartgiant Technology Co's current Return-on-Tangible-Asset of 1.55% is 88% below median its 10-year median of 12.69. The Hardware industry median Return-on-Tangible-Asset is 2.48. Smartgiant Technology Co's value of 1.55% is 37.5% below this industry median. Based on the distribution chart, Smartgiant Technology Co ranks #1572 out of 2501 companies in the Hardware industry, which is below the industry midpoint. Overall, Smartgiant Technology Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smartgiant Technology Co's Return-on-Tangible-Asset compare to COHR and KEYS?
According to the Hardware industry distribution chart, Smartgiant Technology Co ranks #1572 out of 2501 companies for Return-on-Tangible-Asset. This places Smartgiant Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.48. Smartgiant Technology Co's value of 1.55% is 37.5% below this benchmark. While the company's 10-year median is 12.69 vs. the industry median of 2.48, Smartgiant Technology 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.48, based on 2,501 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. Smartgiant Technology Co's current Return-on-Tangible-Asset of 1.55% is 37.5% 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 Smartgiant Technology Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smartgiant Technology Co's current Return-on-Tangible-Asset is 1.55%, which is 88% below median its own 10-year median of 12.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartgiant Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Smartgiant Technology Co (SHSE:688115) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥45.83, compared to a current price of ¥69.37 — trading 51.4% above its estimated fair value. The current Return-on-Tangible-Asset is 1.55%, which is 88% below median its 10-year median of 12.69 and 37.5% below the Hardware industry median of 2.48. Smartgiant Technology Co's overall GF Score™ is 73/100 with 9 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 Smartgiant Technology Co (SHSE:688115), the current Return-on-Tangible-Asset is 1.55% 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 Smartgiant Technology Co (SHSE:688115) Overvalued in 2026?
Based on GuruFocus' analysis, Smartgiant Technology Co stock appears to be overvalued.
The current stock price of ¥69.37 is trading 51.4% above its estimated GF Value™ of ¥45.83.
GuruFocus considers Smartgiant Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:688115:
Return-on-Tangible-Asset: 1.55% (88% below median its 10-year median of 12.69)
GF Value™: ¥45.83 vs. price of ¥69.37 (51.4% above fair value)
Industry Position: 37.5% below the Hardware median (#1572 of 2501)
No single metric tells the full story. See the SHSE:688115 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smartgiant Technology Co Ltd is engaged in the research and development, design, production and sales of industrial automation testing products such as embedded intelligent instrument modules.
73GF Score
Get the complete analysis for SHSE:688115
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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