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Tongcheng Travel HoldingsTNGCF 85 Return-on-Tangible-Asset is 10.62% as of Mar. 2026, which is 44% above its 10-year median of 7.35. GuruFocus rates TNGCF with a GF Scoreâ„¢ of 85/100 and a GF Valueâ„¢ of $5.48. The stock has 3 warning signs investors should review. Among 855 Travel & Leisure companies, Tongcheng Travel Holdings ranks better than 79.53% 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. Tongcheng Travel Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was $452 Mil. Tongcheng Travel Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was $4,257 Mil. Therefore, Tongcheng Travel Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.62%.
The historical rank and industry rank for Tongcheng Travel Holdings's Return-on-Tangible-Asset or its related term are showing as below:
TNGCF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -103.03 Med: 7.35 Max: 9.31
Current: 8.43
During the past 11 years, Tongcheng Travel Holdings's highest Return-on-Tangible-Asset was 9.31%. The lowest was -103.03%. And the median was 7.35%.
TNGCF's Return-on-Tangible-Asset is ranked better than 79.53% of 855
companies
in the Travel & Leisure industry
Industry Median: 2.73
vs TNGCF: 8.43
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 companyÂ’s 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 companyÂ’s 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.
Tongcheng Travel Holdings Return-on-Tangible-Asset Related Terms
Tongcheng Travel Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tongcheng Travel Holdings'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.
TNGCF vs BKNG, ABNB, RCL: Return-on-Tangible-Asset Comparison
For the Travel Services subindustry, Tongcheng Travel Holdings'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.
Tongcheng Travel Holdings Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Tongcheng Travel Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tongcheng Travel Holdings'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 10.62% mean?
Tongcheng Travel Holdings (TNGCF) has a Return-on-Tangible-Asset of 10.62% 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 Tongcheng Travel Holdings and its competitors. This is 44% above median its historical median of 7.35. According to the industry distribution chart, Tongcheng Travel Holdings ranks #175 out of 855 companies in the Travel & Leisure industry, placing it in the top 20.5%.
Is Tongcheng Travel Holdings' Return-on-Tangible-Asset too high?
Tongcheng Travel Holdings' current Return-on-Tangible-Asset of 10.62% is 44% above median its 10-year median of 7.35. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.73. Tongcheng Travel Holdings' value of 10.62% is 289% above this industry median. Based on the distribution chart, Tongcheng Travel Holdings ranks #175 out of 855 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Tongcheng Travel Holdings has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Tongcheng Travel Holdings' Return-on-Tangible-Asset compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Tongcheng Travel Holdings ranks #175 out of 855 companies for Return-on-Tangible-Asset. This places Tongcheng Travel Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.73. Tongcheng Travel Holdings' value of 10.62% is 289% above this benchmark. While the company's 10-year median is 7.35 vs. the industry median of 2.73, Tongcheng Travel Holdings 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.73, based on 855 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. Tongcheng Travel Holdings's current Return-on-Tangible-Asset of 10.62% is 289% 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 Tongcheng Travel Holdings and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tongcheng Travel Holdings's current Return-on-Tangible-Asset is 10.62%, which is 44% above median its own 10-year median of 7.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongcheng Travel Holdings stock overvalued right now?
Tongcheng Travel Holdings (TNGCF) has a current Return-on-Tangible-Asset of 10.62%. The stock's GF Value™ is $5.48, compared to a current price of $2.80 — trading 48.9% below its estimated fair value. The current Return-on-Tangible-Asset is 10.62%, which is 44% above median its 10-year median of 7.35 and 289% above the Travel & Leisure industry median of 2.73. Tongcheng Travel Holdings' overall GF Score™ is 85/100 with 3 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 Tongcheng Travel Holdings (TNGCF), the current Return-on-Tangible-Asset is 10.62% 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 Tongcheng Travel Holdings (TNGCF) Overvalued in 2026?
Based on GuruFocus' analysis, Tongcheng Travel Holdings stock appears to be undervalued.
The current stock price of $2.80 is trading 48.9% below its estimated GF Value™ of $5.48.
Key valuation signals for TNGCF:
Return-on-Tangible-Asset: 10.62% (44% above median its 10-year median of 7.35)
GF Value™: $5.48 vs. price of $2.80 (48.9% below fair value)
Industry Position: 289% above the Travel & Leisure median (#175 of 855)
No single metric tells the full story. See the TNGCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 84% of its revenue from accommodation reservations and transportation ticketing in 2023. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers and travel kiosks. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.
85GF Score
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