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.
Great Microwave Technology CoSHSE:688270 -2.56%87 Return-on-Tangible-Asset is 6.50% as of Mar. 2026, which is 27% above its 10-year median of 5.10. GuruFocus rates SHSE:688270 with a GF Score™ of 87/100 and a GF Value™ of ¥57.13 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,034 Semiconductors companies, Great Microwave Technology Co ranks better than 63.64% on this metric.
The historical rank and industry rank for Great Microwave Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688270'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -62.31 Med: 5.1 Max: 30.4
Current: 6.33
During the past 8 years, Great Microwave Technology Co's highest Return-on-Tangible-Asset was 30.40%. The lowest was -62.31%. And the median was 5.10%.
SHSE:688270's Return-on-Tangible-Asset is ranked better than 63.64% of 1034
companies
in the Semiconductors industry
Industry Median: 3.615
vs SHSE:688270: 6.33
Great Microwave Technology Co (SHSE:688270) 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.
Great Microwave Technology Co Return-on-Tangible-Asset Related Terms
Great Microwave Technology 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.
Great Microwave Technology Co Return-on-Tangible-Asset Chart
SHSE:688270 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Great Microwave 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.
Great Microwave Technology Co Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Great Microwave Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Great Microwave 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 6.50% mean?
Great Microwave Technology Co (SHSE:688270) has a Return-on-Tangible-Asset of 6.50% 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 Great Microwave Technology Co and its competitors. This is 27% above median its historical median of 5.10. According to the industry distribution chart, Great Microwave Technology Co ranks #376 out of 1034 companies in the Semiconductors industry, placing it in the top 36.4%.
Is Great Microwave Technology Co's Return-on-Tangible-Asset too high?
Great Microwave Technology Co's current Return-on-Tangible-Asset of 6.50% is 27% above median its 10-year median of 5.10. The Semiconductors industry median Return-on-Tangible-Asset is 3.62. Great Microwave Technology Co's value of 6.50% is 79.8% above this industry median. Based on the distribution chart, Great Microwave Technology Co ranks #376 out of 1034 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Great Microwave Technology Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Great Microwave Technology Co's Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Great Microwave Technology Co ranks #376 out of 1034 companies for Return-on-Tangible-Asset. This puts Great Microwave Technology Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.62. Great Microwave Technology Co's value of 6.50% is 79.8% above this benchmark. While the company's 10-year median is 5.10 vs. the industry median of 3.62, Great Microwave 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 3.62, based on 1,034 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. Great Microwave Technology Co's current Return-on-Tangible-Asset of 6.50% is 79.8% 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 Great Microwave Technology Co and its competitors. For the Semiconductors 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. Great Microwave Technology Co's current Return-on-Tangible-Asset is 6.50%, which is 27% above median its own 10-year median of 5.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Microwave Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Great Microwave Technology Co (SHSE:688270) is currently considered Fairly Valued. The stock's GF Value™ is ¥57.13, compared to a current price of ¥59.71 — trading 4.5% above its estimated fair value. The current Return-on-Tangible-Asset is 6.50%, which is 27% above median its 10-year median of 5.10 and 79.8% above the Semiconductors industry median of 3.62. Great Microwave Technology Co's overall GF Score™ is 87/100 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 Great Microwave Technology Co (SHSE:688270), the current Return-on-Tangible-Asset is 6.50% 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 Great Microwave Technology Co (SHSE:688270) Overvalued in 2026?
Based on GuruFocus' analysis, Great Microwave Technology Co stock appears to be overvalued.
The current stock price of ¥59.71 is trading 4.5% above its estimated GF Value™ of ¥57.13.
GuruFocus considers Great Microwave Technology Co to be Fairly Valued.
Key valuation signals for SHSE:688270:
Return-on-Tangible-Asset: 6.50% (27% above median its 10-year median of 5.10)
GF Value™: ¥57.13 vs. price of ¥59.71 (4.5% above fair value)
Industry Position: 79.8% above the Semiconductors median (#376 of 1034)
No single metric tells the full story. See the SHSE:688270 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:688270 has been successfully added to your 
