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KEDE Numerical Control CoSHSE:688305 +0.35%92 Return-on-Tangible-Asset is 2.71% as of Jun. 2026, which is 54% below its 10-year median of 5.95. GuruFocus rates SHSE:688305 with a GF Score™ of 92/100 and a GF Value™ of ¥54.83 (Fairly Valued). The stock has 6 warning signs investors should review. Among 3,089 Industrial Products companies, KEDE Numerical Control Co ranks better than 54.39% 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. KEDE Numerical Control Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥49.3 Mil. KEDE Numerical Control Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥1,819.0 Mil. Therefore, KEDE Numerical Control Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 2.71%.
The historical rank and industry rank for KEDE Numerical Control Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688305'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.99 Med: 5.95 Max: 9.78
Current: 4.04
During the past 9 years, KEDE Numerical Control Co's highest Return-on-Tangible-Asset was 9.78%. The lowest was -9.99%. And the median was 5.95%.
SHSE:688305's Return-on-Tangible-Asset is ranked better than 54.39% of 3089
companies
in the Industrial Products industry
Industry Median: 3.37
vs SHSE:688305: 4.04
KEDE Numerical Control Co (SHSE:688305) 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.
KEDE Numerical Control Co Return-on-Tangible-Asset Related Terms
KEDE Numerical Control Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for KEDE Numerical Control 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.
KEDE Numerical Control Co Return-on-Tangible-Asset Chart
SHSE:688305 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, KEDE Numerical Control 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.
KEDE Numerical Control Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, KEDE Numerical Control Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where KEDE Numerical Control 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.71% mean?
KEDE Numerical Control Co (SHSE:688305) has a Return-on-Tangible-Asset of 2.71% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on KEDE Numerical Control Co and its competitors. This is 54% below median its historical median of 5.95. According to the industry distribution chart, KEDE Numerical Control Co ranks #1409 out of 3089 companies in the Industrial Products industry, placing it in the top 45.6%.
Is KEDE Numerical Control Co's Return-on-Tangible-Asset too high?
KEDE Numerical Control Co's current Return-on-Tangible-Asset of 2.71% is 54% below median its 10-year median of 5.95. The Industrial Products industry median Return-on-Tangible-Asset is 3.37. KEDE Numerical Control Co's value of 2.71% is 19.6% below this industry median. Based on the distribution chart, KEDE Numerical Control Co ranks #1409 out of 3089 companies in the Industrial Products industry, which is above the industry midpoint. Overall, KEDE Numerical Control Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KEDE Numerical Control Co's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, KEDE Numerical Control Co ranks #1409 out of 3089 companies for Return-on-Tangible-Asset. This puts KEDE Numerical Control Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.37. KEDE Numerical Control Co's value of 2.71% is 19.6% below this benchmark. While the company's 10-year median is 5.95 vs. the industry median of 3.37, KEDE Numerical Control 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.37, based on 3,089 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. KEDE Numerical Control Co's current Return-on-Tangible-Asset of 2.71% is 19.6% 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 KEDE Numerical Control Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KEDE Numerical Control Co's current Return-on-Tangible-Asset is 2.71%, which is 54% below median its own 10-year median of 5.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KEDE Numerical Control Co stock overvalued right now?
Based on GuruFocus' analysis, KEDE Numerical Control Co (SHSE:688305) is currently considered Fairly Valued. The stock's GF Value™ is ¥54.83, compared to a current price of ¥57.17 — trading 4.3% above its estimated fair value. The current Return-on-Tangible-Asset is 2.71%, which is 54% below median its 10-year median of 5.95 and 19.6% below the Industrial Products industry median of 3.37. KEDE Numerical Control Co's overall GF Score™ is 92/100 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 KEDE Numerical Control Co (SHSE:688305), the current Return-on-Tangible-Asset is 2.71% as of Jun. 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 KEDE Numerical Control Co (SHSE:688305) Overvalued in 2026?
Based on GuruFocus' analysis, KEDE Numerical Control Co stock appears to be overvalued.
The current stock price of ¥57.17 is trading 4.3% above its estimated GF Value™ of ¥54.83.
GuruFocus considers KEDE Numerical Control Co to be Fairly Valued.
Key valuation signals for SHSE:688305:
Return-on-Tangible-Asset: 2.71% (54% below median its 10-year median of 5.95)
GF Value™: ¥54.83 vs. price of ¥57.17 (4.3% above fair value)
Industry Position: 19.6% below the Industrial Products median (#1409 of 3089)
No single metric tells the full story. See the SHSE:688305 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KEDE Numerical Control Co Ltd is engaged in the research and development, production, sales and service of high-end five-axis linkage CNC machine tools and key functional components, and high-end CNC systems.
92GF Score
Get the complete analysis for SHSE:688305
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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