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Ningbo Solartron Technology CoSHSE:688299 -2.05%74 Return-on-Tangible-Asset is 1.48% as of Mar. 2026, which is 63% below its 10-year median of 4.00. GuruFocus rates SHSE:688299 with a GF Score™ of 74/100 and a GF Value™ of ¥15.11 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,615 Chemicals companies, Ningbo Solartron Technology Co ranks worse than 85.63% on this metric.
The historical rank and industry rank for Ningbo Solartron Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688299'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.72 Med: 4 Max: 8.94
Current: -4.72
During the past 12 years, Ningbo Solartron Technology Co's highest Return-on-Tangible-Asset was 8.94%. The lowest was -4.72%. And the median was 4.00%.
SHSE:688299's Return-on-Tangible-Asset is ranked worse than 85.63% of 1615
companies
in the Chemicals industry
Industry Median: 3.18
vs SHSE:688299: -4.72
Ningbo Solartron Technology Co (SHSE:688299) 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.
Ningbo Solartron Technology Co Return-on-Tangible-Asset Related Terms
Ningbo Solartron 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.
Ningbo Solartron Technology Co Return-on-Tangible-Asset Chart
SHSE:688299 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Ningbo Solartron 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.
Ningbo Solartron Technology Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ningbo Solartron Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ningbo Solartron 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 1.48% mean?
Ningbo Solartron Technology Co (SHSE:688299) has a Return-on-Tangible-Asset of 1.48% 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 Ningbo Solartron Technology Co and its competitors. This is 63% below median its historical median of 4.00. According to the industry distribution chart, Ningbo Solartron Technology Co ranks #1383 out of 1615 companies in the Chemicals industry, placing it in the top 85.6%.
Is Ningbo Solartron Technology Co's Return-on-Tangible-Asset too high?
Ningbo Solartron Technology Co's current Return-on-Tangible-Asset of 1.48% is 63% below median its 10-year median of 4.00. The Chemicals industry median Return-on-Tangible-Asset is 3.18. Ningbo Solartron Technology Co's value of 1.48% is 53.5% below this industry median. Based on the distribution chart, Ningbo Solartron Technology Co ranks #1383 out of 1615 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Ningbo Solartron Technology Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Solartron Technology Co's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ningbo Solartron Technology Co ranks #1383 out of 1615 companies for Return-on-Tangible-Asset. This places Ningbo Solartron Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.18. Ningbo Solartron Technology Co's value of 1.48% is 53.5% below this benchmark. While the company's 10-year median is 4.00 vs. the industry median of 3.18, Ningbo Solartron 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.18, 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. Ningbo Solartron Technology Co's current Return-on-Tangible-Asset of 1.48% is 53.5% 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 Ningbo Solartron Technology Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Solartron Technology Co's current Return-on-Tangible-Asset is 1.48%, which is 63% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Solartron Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Solartron Technology Co (SHSE:688299) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.11, compared to a current price of ¥12.88 — trading 14.8% below its estimated fair value. The current Return-on-Tangible-Asset is 1.48%, which is 63% below median its 10-year median of 4.00 and 53.5% below the Chemicals industry median of 3.18. Ningbo Solartron Technology Co's overall GF Score™ is 74/100 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 Ningbo Solartron Technology Co (SHSE:688299), the current Return-on-Tangible-Asset is 1.48% 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 Ningbo Solartron Technology Co (SHSE:688299) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Solartron Technology Co stock appears to be undervalued.
The current stock price of ¥12.88 is trading 14.8% below its estimated GF Value™ of ¥15.11.
GuruFocus considers Ningbo Solartron Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:688299:
Return-on-Tangible-Asset: 1.48% (63% below median its 10-year median of 4.00)
GF Value™: ¥15.11 vs. price of ¥12.88 (14.8% below fair value)
Industry Position: 53.5% below the Chemicals median (#1383 of 1615)
No single metric tells the full story. See the SHSE:688299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Solartron Technology Co Ltd is mainly engaged in the research, development, production and sales of reflective film, backing base film, optical base film and other special functional films. The main products are reflective film, backing base film, optical base film and other high performance functional films. Used in liquid crystal display, semiconductor lighting, new energy, semiconductor flexible circuit boards and other fields.
74GF Score
Get the complete analysis for SHSE:688299
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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