Nine Dragons Paper (Holdings)NDGPF 49 ROA % is 2.67% as of Dec. 2025, which is 33% below its 10-year median of 3.97. GuruFocus rates NDGPF with a GF Score™ of 49/100 and a GF Value™ of $0.71 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 288 Forest Products companies, Nine Dragons Paper (Holdings) ranks better than 63.54% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nine Dragons Paper (Holdings)'s annualizedNet Income for the quarter that ended in Dec. 2025 was $558 Mil.
Nine Dragons Paper (Holdings)'s average Total Assets over the quarter that ended in Dec. 2025 was $20,947 Mil. Therefore, Nine Dragons Paper (Holdings)'s annualized ROA % for the quarter that ended in Dec. 2025 was 2.67%.
The historical rank and industry rank for Nine Dragons Paper (Holdings)'s ROA % or its related term are showing as below:
NDGPF'
s ROA % Range Over the Past 10 Years
Min: -2.02 Med: 3.97 Max: 11.19
Current: 2.19
During the past 13 years, Nine Dragons Paper (Holdings)'s highest ROA % was 11.19%. The lowest was -2.02%. And the median was 3.97%.
NDGPF's ROA % is ranked better than 63.54% of 288
companies
in the Forest Products industry
Industry Median: 0.95
vs NDGPF: 2.19
Nine Dragons Paper (Holdings) (OTCPK:NDGPF) ROA % Explanation
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 two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
Nine Dragons Paper (Holdings) ROA % Related Terms
Nine Dragons Paper (Holdings) ROA % 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.
Nine Dragons Paper (Holdings) ROA % Competitor Comparison
For the Paper & Paper Products subindustry, Nine Dragons Paper (Holdings)'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.
Nine Dragons Paper (Holdings) ROA % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Nine Dragons Paper (Holdings)'s ROA % distribution charts can be found below:
* The bar in red indicates where Nine Dragons Paper (Holdings)'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 two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Nine Dragons Paper (Holdings) (NDGPF) has a ROA % of 2.67% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nine Dragons Paper (Holdings) and its competitors. This is 33% below median its historical median of 3.97. According to the industry distribution chart, Nine Dragons Paper (Holdings) ranks #105 out of 288 companies in the Forest Products industry, placing it in the top 36.5%.
Is Nine Dragons Paper (Holdings)'s ROA % too high?
Nine Dragons Paper (Holdings)'s current ROA % of 2.67% is 33% below median its 10-year median of 3.97. The Forest Products industry median ROA % is 0.95. Nine Dragons Paper (Holdings)'s value of 2.67% is 181.1% above this industry median. Based on the distribution chart, Nine Dragons Paper (Holdings) ranks #105 out of 288 companies in the Forest Products industry, which is above the industry midpoint. Overall, Nine Dragons Paper (Holdings) has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nine Dragons Paper (Holdings)'s ROA % compare to competitors?
According to the Forest Products industry distribution chart, Nine Dragons Paper (Holdings) ranks #105 out of 288 companies for ROA %. This puts Nine Dragons Paper (Holdings) in the upper half of its industry. The industry median ROA % is 0.95. Nine Dragons Paper (Holdings)'s value of 2.67% is 181.1% above this benchmark. While the company's 10-year median is 3.97 vs. the industry median of 0.95, Nine Dragons Paper (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 ROA % for a Forest Products company?
The median ROA % among Forest Products companies is 0.95, based on 288 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. Nine Dragons Paper (Holdings)'s current ROA % of 2.67% is 181.1% 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 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 Nine Dragons Paper (Holdings) and its competitors. For the Forest Products industry, the median ROA % is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nine Dragons Paper (Holdings)'s current ROA % is 2.67%, which is 33% below median its own 10-year median of 3.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nine Dragons Paper (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) (NDGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.71, compared to a current price of $0.90 — trading 26.8% above its estimated fair value. The current ROA % is 2.67%, which is 33% below median its 10-year median of 3.97 and 181.1% above the Forest Products industry median of 0.95. Nine Dragons Paper (Holdings)'s overall GF Score™ is 49/100 with 6 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 Nine Dragons Paper (Holdings) (NDGPF), the current ROA % is 2.67% 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 Nine Dragons Paper (Holdings) (NDGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) stock appears to be overvalued.
The current stock price of $0.90 is trading 26.8% above its estimated GF Value™ of $0.71.
GuruFocus considers Nine Dragons Paper (Holdings) to be Modestly Overvalued.
Key valuation signals for NDGPF:
ROA %: 2.67% (33% below median its 10-year median of 3.97)
GF Value™: $0.71 vs. price of $0.90 (26.8% above fair value)
Industry Position: 181.1% above the Forest Products median (#105 of 288)
No single metric tells the full story. See the NDGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nine Dragons Paper (Holdings) Business Description
Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company is a pulp and paper manufacturing group specializing in the integrated production of pulp and paper, with main products including various kinds of environmentally friendly packaging paper, printing and writing paper, high-end virgin paper, and products from the entire upstream and downstream production chain. Covering the full industry spectrum, it offers kraftlinerboard, testlinerboard, white top linerboard, coated linerboard, bleached folding boxboard, high-performance corrugating medium, coated duplex board, gypsum board cover paper, and more.
49GF Score
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