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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. United Nova Technology Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥1,467 Mil. United Nova Technology Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥33,236 Mil. Therefore, United Nova Technology Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 4.41%.
The historical rank and industry rank for United Nova Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688469'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -22.28 Med: -7.06 Max: -0.45
Current: -0.45
During the past 7 years, United Nova Technology Co's highest Return-on-Tangible-Asset was -0.45%. The lowest was -22.28%. And the median was -7.06%.
SHSE:688469's Return-on-Tangible-Asset is ranked worse than 66.05% of 1034
companies
in the Semiconductors industry
Industry Median: 3.325
vs SHSE:688469: -0.45
United Nova Technology Co (SHSE:688469) 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.
United Nova Technology Co Return-on-Tangible-Asset Related Terms
United Nova Technology Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for United Nova 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.
United Nova Technology Co Return-on-Tangible-Asset Chart
SHSE:688469 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, United Nova 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.
United Nova Technology Co Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, United Nova Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where United Nova 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.41% mean?
United Nova Technology Co (SHSE:688469) has a Return-on-Tangible-Asset of 4.41% 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 United Nova Technology Co and its competitors. According to the industry distribution chart, United Nova Technology Co ranks #683 out of 1034 companies in the Semiconductors industry, placing it in the top 66.1%.
Is United Nova Technology Co's Return-on-Tangible-Asset too high?
United Nova Technology Co's current Return-on-Tangible-Asset is 4.41%. The Semiconductors industry median Return-on-Tangible-Asset is 3.33. United Nova Technology Co's value of 4.41% is 32.6% above this industry median. Based on the distribution chart, United Nova Technology Co ranks #683 out of 1034 companies in the Semiconductors industry, which is below the industry midpoint. Overall, United Nova Technology Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Nova Technology Co's Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, United Nova Technology Co ranks #683 out of 1034 companies for Return-on-Tangible-Asset. This places United Nova Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.33. United Nova Technology Co's value of 4.41% is 32.6% above this benchmark. 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 3.33, 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. United Nova Technology Co's current Return-on-Tangible-Asset of 4.41% is 32.6% 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 United Nova Technology Co and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 3.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Nova Technology Co's current Return-on-Tangible-Asset is 4.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Nova Technology Co stock overvalued right now?
Based on GuruFocus' analysis, United Nova Technology Co (SHSE:688469) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥5.91, compared to a current price of ¥8.88 — trading 50.3% above its estimated fair value. The current Return-on-Tangible-Asset is 4.41% and 32.6% above the Semiconductors industry median of 3.33. United Nova Technology Co's overall GF Score™ is 67/100 with 4 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 United Nova Technology Co (SHSE:688469), the current Return-on-Tangible-Asset is 4.41% 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 United Nova Technology Co (SHSE:688469) Overvalued in 2026?
Based on GuruFocus' analysis, United Nova Technology Co stock appears to be overvalued.
The current stock price of ¥8.88 is trading 50.3% above its estimated GF Value™ of ¥5.91.
GuruFocus considers United Nova Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:688469:
Return-on-Tangible-Asset: 4.41%
GF Value™: ¥5.91 vs. price of ¥8.88 (50.3% above fair value)
Industry Position: 32.6% above the Semiconductors median (#683 of 1034)
No single metric tells the full story. See the SHSE:688469 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Nova Technology Co Ltd provides foundry service focusing on technology solutions for power, connection, and sensor signal chains. On top of wafer foundry service, It also extended its foundry service to module packages in order to support semiconductor companies with one stop solution. It provides a complete manufacturing platform to support customer mass production as well as technology development.
67GF Score
Get the complete analysis for SHSE:688469
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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