NetEaseNETTF -0.98%94 ROA % is 19.06% as of Mar. 2026, which is 21% above its 10-year median of 15.81. GuruFocus rates NETTF with a GF Score™ of 94/100 and a GF Value™ of $24.76 (Fairly Valued). Among 568 Interactive Media companies, NetEase ranks better than 89.61% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. NetEase's annualizedNet Income for the quarter that ended in Mar. 2026 was $6,195 Mil.
NetEase's average Total Assets over the quarter that ended in Mar. 2026 was $32,505 Mil. Therefore, NetEase's annualized ROA % for the quarter that ended in Mar. 2026 was 19.06%.
The historical rank and industry rank for NetEase's ROA % or its related term are showing as below:
NETTF'
s ROA % Range Over the Past 10 Years
Min: 7.64 Med: 15.81 Max: 22.71
Current: 15.94
During the past 13 years, NetEase's highest ROA % was 22.71%. The lowest was 7.64%. And the median was 15.81%.
NETTF's ROA % is ranked better than 89.61% of 568
companies
in the Interactive Media industry
Industry Median: 0.675
vs NETTF: 15.94
NetEase (OTCPK:NETTF) 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 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.
NetEase ROA % Related Terms
NetEase ROA % Historical Data
* Premium members only.
The historical data trend for NetEase's ROA % 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.
For the Electronic Gaming & Multimedia subindustry, NetEase'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.
NetEase ROA % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase's ROA % distribution charts can be found below:
* The bar in red indicates where NetEase'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.
NetEase (NETTF) has a ROA % of 19.06% 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 NetEase and its competitors. This is 21% above median its historical median of 15.81. Over the past decade, NetEase's ROA % has ranged from 7.64 to 22.71. According to the industry distribution chart, NetEase ranks #59 out of 568 companies in the Interactive Media industry, placing it in the top 10.4%.
Is NetEase's ROA % too high?
NetEase's current ROA % of 19.06% is 21% above median its 10-year median of 15.81. Over the past 10 years, this metric has ranged from a low of 7.64 to a high of 22.71. The Interactive Media industry median ROA % is 0.68. NetEase's value of 19.06% is 2723.7% above this industry median. Based on the distribution chart, NetEase ranks #59 out of 568 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, NetEase has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase's ROA % compare to EA and TTWO?
According to the Interactive Media industry distribution chart, NetEase ranks #59 out of 568 companies for ROA %. This places NetEase in the top 10% of its industry — outperforming the majority of peers. The industry median ROA % is 0.68. NetEase's value of 19.06% is 2723.7% above this benchmark. Historically, NetEase's own ROA % has ranged from 7.64 to 22.71 over the past decade. While the company's 10-year median is 15.81 vs. the industry median of 0.68, NetEase 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 an Interactive Media company?
The median ROA % among Interactive Media companies is 0.68, based on 568 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. NetEase's current ROA % of 19.06% is 2723.7% 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 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 NetEase and its competitors. For the Interactive Media industry, the median ROA % is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase's current ROA % is 19.06%, which is 21% above median its own 10-year median of 15.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase stock overvalued right now?
Based on GuruFocus' analysis, NetEase (NETTF) is currently considered Fairly Valued. The stock's GF Value™ is $24.76, compared to a current price of $24.26 — trading 2% below its estimated fair value. The current ROA % is 19.06%, which is 21% above median its 10-year median of 15.81 and 2723.7% above the Interactive Media industry median of 0.68. NetEase's overall GF Score™ is 94/100. 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 NetEase (NETTF), the current ROA % is 19.06% 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 NetEase (NETTF) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase stock appears to be undervalued.
The current stock price of $24.26 is trading 2% below its estimated GF Value™ of $24.76.
GuruFocus considers NetEase to be Fairly Valued.
Key valuation signals for NETTF:
ROA %: 19.06% (21% above median its 10-year median of 15.81)
GF Value™: $24.76 vs. price of $24.26 (2% below fair value)
Industry Position: 2723.7% above the Interactive Media median (#59 of 568)
No single metric tells the full story. See the NETTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in the late 1990s as an internet portal, NetEase has evolved into China's second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise strategy. Over the past decade, the company has expanded its portfolio with successful titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which continue to maintain sizable and engaged player bases.In addition to its in-house development capabilities, NetEase partners with global IP holders such as Microsoft and Marvel to develop and publish titles based on established franchises, including World of Warcraft, Diablo Immortal, and Marvel Rivals, further strengthening its global presence.
94GF Score
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