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Vetnostrum Animal Health CoTPE:6936 -1.10%67 Return-on-Tangible-Asset is 10.34% as of Mar. 2026, which is 37% above its 10-year median of 7.54. GuruFocus rates TPE:6936 with a GF Score™ of 67/100 and a GF Value™ of NT$39.25 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,996 Consumer Packaged Goods companies, Vetnostrum Animal Health Co ranks better than 76.25% 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. Vetnostrum Animal Health Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$175 Mil. Vetnostrum Animal Health Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$1,692 Mil. Therefore, Vetnostrum Animal Health Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.34%.
The historical rank and industry rank for Vetnostrum Animal Health Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:6936'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.42 Med: 7.54 Max: 9.7
Current: 8.48
During the past 8 years, Vetnostrum Animal Health Co's highest Return-on-Tangible-Asset was 9.70%. The lowest was 6.42%. And the median was 7.54%.
TPE:6936's Return-on-Tangible-Asset is ranked better than 76.25% of 1996
companies
in the Consumer Packaged Goods industry
Industry Median: 3.485
vs TPE:6936: 8.48
Vetnostrum Animal Health Co (TPE:6936) 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.
Vetnostrum Animal Health Co Return-on-Tangible-Asset Related Terms
Vetnostrum Animal Health 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.
Vetnostrum Animal Health Co Return-on-Tangible-Asset Chart
TPE:6936 vs ADM, BG, TSN: Return-on-Tangible-Asset Comparison
For the Farm Products subindustry, Vetnostrum Animal Health 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.
Vetnostrum Animal Health Co Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Vetnostrum Animal Health Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Vetnostrum Animal Health 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 10.34% mean?
Vetnostrum Animal Health Co (TPE:6936) has a Return-on-Tangible-Asset of 10.34% 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 Vetnostrum Animal Health Co and its competitors. This is 37% above median its historical median of 7.54. Over the past decade, Vetnostrum Animal Health Co's Return-on-Tangible-Asset has ranged from 6.42 to 9.70. According to the industry distribution chart, Vetnostrum Animal Health Co ranks #474 out of 1996 companies in the Consumer Packaged Goods industry, placing it in the top 23.7%.
Is Vetnostrum Animal Health Co's Return-on-Tangible-Asset too high?
Vetnostrum Animal Health Co's current Return-on-Tangible-Asset of 10.34% is 37% above median its 10-year median of 7.54. Over the past 10 years, this metric has ranged from a low of 6.42 to a high of 9.70. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.49. Vetnostrum Animal Health Co's value of 10.34% is 196.7% above this industry median. Based on the distribution chart, Vetnostrum Animal Health Co ranks #474 out of 1996 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Vetnostrum Animal Health Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vetnostrum Animal Health Co's Return-on-Tangible-Asset compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Vetnostrum Animal Health Co ranks #474 out of 1996 companies for Return-on-Tangible-Asset. This places Vetnostrum Animal Health Co in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.49. Vetnostrum Animal Health Co's value of 10.34% is 196.7% above this benchmark. Historically, Vetnostrum Animal Health Co's own Return-on-Tangible-Asset has ranged from 6.42 to 9.70 over the past decade. While the company's 10-year median is 7.54 vs. the industry median of 3.49, Vetnostrum Animal Health 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.49, based on 1,996 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. Vetnostrum Animal Health Co's current Return-on-Tangible-Asset of 10.34% is 196.7% 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 Vetnostrum Animal Health Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vetnostrum Animal Health Co's current Return-on-Tangible-Asset is 10.34%, which is 37% above median its own 10-year median of 7.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vetnostrum Animal Health Co stock overvalued right now?
Based on GuruFocus' analysis, Vetnostrum Animal Health Co (TPE:6936) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$39.25, compared to a current price of NT$31.60 — trading 19.5% below its estimated fair value. The current Return-on-Tangible-Asset is 10.34%, which is 37% above median its 10-year median of 7.54 and 196.7% above the Consumer Packaged Goods industry median of 3.49. Vetnostrum Animal Health Co's overall GF Score™ is 67/100 with 2 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 Vetnostrum Animal Health Co (TPE:6936), the current Return-on-Tangible-Asset is 10.34% 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 Vetnostrum Animal Health Co (TPE:6936) Overvalued in 2026?
Based on GuruFocus' analysis, Vetnostrum Animal Health Co stock appears to be undervalued.
The current stock price of NT$31.60 is trading 19.5% below its estimated GF Value™ of NT$39.25.
GuruFocus considers Vetnostrum Animal Health Co to be Modestly Undervalued.
Key valuation signals for TPE:6936:
Return-on-Tangible-Asset: 10.34% (37% above median its 10-year median of 7.54)
GF Value™: NT$39.25 vs. price of NT$31.60 (19.5% below fair value)
Industry Position: 196.7% above the Consumer Packaged Goods median (#474 of 1996)
No single metric tells the full story. See the TPE:6936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vetnostrum Animal Health Co Ltd is mainly engaged in importing, manufacturing, and selling pharmaceuticals and nutrition supplements for animals, feed additives, and feed. It derives a majority of its revenue from the sale of animal pharmaceuticals, medicated feed additives, and feeds and the rendering of drug testing services. Geographically, the company derives maximum revenue from Taiwan, followed by the USA, Malaysia, and other countries.
67GF Score
Get the complete analysis for TPE:6936
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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