Ningbo Joyson ElectronicFRA:VM2 -0.68%57 ROA % is 2.34% as of Mar. 2026, which is 46% above its 10-year median of 1.60. GuruFocus rates FRA:VM2 with a GF Score™ of 57/100 and a GF Value™ of €1.21 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,336 Vehicles & Parts companies, Ningbo Joyson Electronic ranks worse than 58.38% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Ningbo Joyson Electronic's annualizedNet Income for the quarter that ended in Mar. 2026 was €202 Mil.
Ningbo Joyson Electronic's average Total Assets over the quarter that ended in Mar. 2026 was €8,638 Mil. Therefore, Ningbo Joyson Electronic's annualized ROA % for the quarter that ended in Mar. 2026 was 2.34%.
The historical rank and industry rank for Ningbo Joyson Electronic's ROA % or its related term are showing as below:
FRA:VM2'
s ROA % Range Over the Past 10 Years
Min: -6.93 Med: 1.6 Max: 2.78
Current: 2.03
During the past 13 years, Ningbo Joyson Electronic's highest ROA % was 2.78%. The lowest was -6.93%. And the median was 1.60%.
FRA:VM2's ROA % is ranked worse than 58.38% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 2.95
vs FRA:VM2: 2.03
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Auto Parts subindustry, Ningbo Joyson Electronic's ROA %, along with its competitors' market caps and ROA % 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.
Ningbo Joyson Electronic ROA % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo Joyson Electronic's ROA % distribution charts can be found below:
* The bar in red indicates where Ningbo Joyson Electronic's ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
Ningbo Joyson Electronic (FRA:VM2) has a ROA % of 2.34% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Ningbo Joyson Electronic and its competitors. This is 46% above median its historical median of 1.60. According to the industry distribution chart, Ningbo Joyson Electronic ranks #780 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 58.4%.
Is Ningbo Joyson Electronic's ROA % too high?
Ningbo Joyson Electronic's current ROA % of 2.34% is 46% above median its 10-year median of 1.60. The Vehicles & Parts industry median ROA % is 2.95. Ningbo Joyson Electronic's value of 2.34% is 20.7% below this industry median. Based on the distribution chart, Ningbo Joyson Electronic ranks #780 out of 1336 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Ningbo Joyson Electronic has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Joyson Electronic's ROA % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Ningbo Joyson Electronic ranks #780 out of 1336 companies for ROA %. This places Ningbo Joyson Electronic in the lower half of its industry. The industry median ROA % is 2.95. Ningbo Joyson Electronic's value of 2.34% is 20.7% below this benchmark. While the company's 10-year median is 1.60 vs. the industry median of 2.95, Ningbo Joyson Electronic 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 ROA % for a Vehicles & Parts company?
The median ROA % among Vehicles & Parts companies is 2.95, based on 1,336 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ningbo Joyson Electronic's current ROA % of 2.34% is 20.7% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Ningbo Joyson Electronic and its competitors. For the Vehicles & Parts industry, the median ROA % is 2.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Joyson Electronic's current ROA % is 2.34%, which is 46% above median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Joyson Electronic stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Joyson Electronic (FRA:VM2) is currently considered Modestly Overvalued. The stock's GF Value™ is €1.21, compared to a current price of €1.46 — trading 20.7% above its estimated fair value. The current ROA % is 2.34%, which is 46% above median its 10-year median of 1.60 and 20.7% below the Vehicles & Parts industry median of 2.95. Ningbo Joyson Electronic's overall GF Score™ is 57/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Ningbo Joyson Electronic (FRA:VM2), the current ROA % is 2.34% 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 Ningbo Joyson Electronic (FRA:VM2) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Joyson Electronic stock appears to be overvalued.
The current stock price of €1.46 is trading 20.7% above its estimated GF Value™ of €1.21.
GuruFocus considers Ningbo Joyson Electronic to be Modestly Overvalued.
Key valuation signals for FRA:VM2:
ROA %: 2.34% (46% above median its 10-year median of 1.60)
GF Value™: €1.21 vs. price of €1.46 (20.7% above fair value)
Industry Position: 20.7% below the Vehicles & Parts median (#780 of 1336)
No single metric tells the full story. See the FRA:VM2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Joyson Electronic Corp is a key supplier of automotive electronics and automotive safety. It is mainly engaged in the research and development and manufacturing of smart cockpits, smart networking, smart driving, new energy management and automotive safety. It currently has two business divisions, automotive safety and automotive electronics. The automotive electronics segment principally includes intelligent vehicle solutions, covering areas such as cockpit domain controllers, intelligent automotive connectivity, and intelligent driving, as well as human-machine interface products and new energy control systems. The automotive safety segment principally encompasses products such as seat belts, airbags, intelligent steering wheels, and integrated safety solutions.
57GF Score
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