Nano LabsNA -6.59%43 Return-on-Tangible-Equity is 45.00% as of Dec. 2025. GuruFocus rates NA with a GF Score™ of 43/100 and a GF Value™ of $0.89 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 985 Semiconductors companies, Nano Labs ranks better than 90.15% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Nano Labs's annualized net income for the quarter that ended in Dec. 2025 was $40.47 Mil. Nano Labs's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $89.94 Mil. Therefore, Nano Labs's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 45.00%.
The historical rank and industry rank for Nano Labs's Return-on-Tangible-Equity or its related term are showing as below:
NA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -902.49 Med: -78.66 Max: 70.17
Current: 28.15
During the past 6 years, Nano Labs's highest Return-on-Tangible-Equity was 70.17%. The lowest was -902.49%. And the median was -78.66%.
NA's Return-on-Tangible-Equity is ranked better than 90.15% of 985
companies
in the Semiconductors industry
Industry Median: 5.19
vs NA: 28.15
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Nano Labs Return-on-Tangible-Equity Related Terms
Nano Labs Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nano Labs's Return-on-Tangible-Equity 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.
NA vs PXLW, MOBX, SQNS: Return-on-Tangible-Equity Comparison
For the Semiconductors subindustry, Nano Labs's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Nano Labs Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Nano Labs's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nano Labs's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 45.00% mean?
Nano Labs (NA) has a Return-on-Tangible-Equity of 45.00% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nano Labs and its competitors. According to the industry distribution chart, Nano Labs ranks #97 out of 985 companies in the Semiconductors industry, placing it in the top 9.8%.
Is Nano Labs' Return-on-Tangible-Equity too high?
Nano Labs' current Return-on-Tangible-Equity is 45.00%. The Semiconductors industry median Return-on-Tangible-Equity is 5.19. Nano Labs' value of 45.00% is 767.1% above this industry median. Based on the distribution chart, Nano Labs ranks #97 out of 985 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Nano Labs has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nano Labs' Return-on-Tangible-Equity compare to PXLW and MOBX?
According to the Semiconductors industry distribution chart, Nano Labs ranks #97 out of 985 companies for Return-on-Tangible-Equity. This places Nano Labs in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.19. Nano Labs' value of 45.00% is 767.1% 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-Equity for a Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.19, based on 985 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nano Labs's current Return-on-Tangible-Equity of 45.00% is 767.1% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nano Labs and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nano Labs's current Return-on-Tangible-Equity is 45.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nano Labs stock overvalued right now?
Based on GuruFocus' analysis, Nano Labs (NA) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.89, compared to a current price of $1.73 — trading 94.4% above its estimated fair value. The current Return-on-Tangible-Equity is 45.00% and 767.1% above the Semiconductors industry median of 5.19. Nano Labs' overall GF Score™ is 43/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Nano Labs (NA), the current Return-on-Tangible-Equity is 45.00% as of Dec. 2025. 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 Nano Labs (NA) Overvalued in 2026?
Based on GuruFocus' analysis, Nano Labs stock appears to be overvalued.
The current stock price of $1.73 is trading 94.4% above its estimated GF Value™ of $0.89.
GuruFocus considers Nano Labs to be Significantly Overvalued.
Key valuation signals for NA:
Return-on-Tangible-Equity: 45.00%
GF Value™: $0.89 vs. price of $1.73 (94.4% above fair value)
Industry Position: 767.1% above the Semiconductors median (#97 of 985)
No single metric tells the full story. See the NA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nano Labs Ltd is a Web 3.0 infrastructure and product solution provider, as well as a crypto treasury company. It is focused on the development of HTC chips and HPC chips. In addition, the company has established BNB value investment and adopted BNB (a crypto token) as the primary reserve asset. Furthermore, it has launched the iPollo Claw, a dedicated hardware solution for the OpenClaw AI Agent Ecosystem. Nano Labs derives revenue mainly from its HTC and HPC offerings, which comprise Darkbird series HPC chips that feature high performance and high energy consumption efficiency, and Cuckoo series chips, used in GPUs. Geographically, the company generates maximum revenue from the People's Republic of China (PRC), and the rest from Singapore, Hong Kong, the United States, and other markets.
43GF Score
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