CapitaLand Ascendas REITACDSF 80 Return-on-Tangible-Asset is 4.97% as of Dec. 2025, which is 17% above its 10-year median of 4.23. GuruFocus rates ACDSF with a GF Score™ of 80/100 and a GF Value™ of $1.83 (Fairly Valued). The stock has 9 warning signs investors should review. Among 936 REITs companies, CapitaLand Ascendas REIT ranks better than 58.76% 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. CapitaLand Ascendas REIT's annualizedNet Income for the quarter that ended in Dec. 2025 was $739 Mil. CapitaLand Ascendas REIT's average total tangible assets for the quarter that ended in Dec. 2025 was $14,856 Mil. Therefore, CapitaLand Ascendas REIT's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 4.97%.
The historical rank and industry rank for CapitaLand Ascendas REIT's Return-on-Tangible-Asset or its related term are showing as below:
ACDSF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.93 Med: 4.23 Max: 5.83
Current: 4.14
During the past 13 years, CapitaLand Ascendas REIT's highest Return-on-Tangible-Asset was 5.83%. The lowest was 0.93%. And the median was 4.23%.
ACDSF's Return-on-Tangible-Asset is ranked better than 58.76% of 936
companies
in the REITs industry
Industry Median: 3.25
vs ACDSF: 4.14
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.
CapitaLand Ascendas REIT Return-on-Tangible-Asset Related Terms
CapitaLand Ascendas REIT Return-on-Tangible-Asset Historical Data
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The historical data trend for CapitaLand Ascendas REIT's Return-on-Tangible-Asset 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.
ACDSF vs PLD, PSA, EXR: Return-on-Tangible-Asset Comparison
For the REIT - Industrial subindustry, CapitaLand Ascendas REIT'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.
CapitaLand Ascendas REIT Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, CapitaLand Ascendas REIT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CapitaLand Ascendas REIT'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 4.97% mean?
CapitaLand Ascendas REIT (ACDSF) has a Return-on-Tangible-Asset of 4.97% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on CapitaLand Ascendas REIT and its competitors. This is 17% above median its historical median of 4.23. Over the past decade, CapitaLand Ascendas REIT's Return-on-Tangible-Asset has ranged from 0.93 to 5.83. According to the industry distribution chart, CapitaLand Ascendas REIT ranks #386 out of 936 companies in the REITs industry, placing it in the top 41.2%.
Is CapitaLand Ascendas REIT's Return-on-Tangible-Asset too high?
CapitaLand Ascendas REIT's current Return-on-Tangible-Asset of 4.97% is 17% above median its 10-year median of 4.23. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 5.83. The REITs industry median Return-on-Tangible-Asset is 3.25. CapitaLand Ascendas REIT's value of 4.97% is 52.9% above this industry median. Based on the distribution chart, CapitaLand Ascendas REIT ranks #386 out of 936 companies in the REITs industry, which is above the industry midpoint. Overall, CapitaLand Ascendas REIT has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand Ascendas REIT's Return-on-Tangible-Asset compare to PLD and PSA?
According to the REITs industry distribution chart, CapitaLand Ascendas REIT ranks #386 out of 936 companies for Return-on-Tangible-Asset. This puts CapitaLand Ascendas REIT in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.25. CapitaLand Ascendas REIT's value of 4.97% is 52.9% above this benchmark. Historically, CapitaLand Ascendas REIT's own Return-on-Tangible-Asset has ranged from 0.93 to 5.83 over the past decade. While the company's 10-year median is 4.23 vs. the industry median of 3.25, CapitaLand Ascendas REIT 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.25, based on 936 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. CapitaLand Ascendas REIT's current Return-on-Tangible-Asset of 4.97% is 52.9% 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 CapitaLand Ascendas REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CapitaLand Ascendas REIT's current Return-on-Tangible-Asset is 4.97%, which is 17% above median its own 10-year median of 4.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand Ascendas REIT stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand Ascendas REIT (ACDSF) is currently considered Fairly Valued. The stock's GF Value™ is $1.83, compared to a current price of $1.92 — trading 5% above its estimated fair value. The current Return-on-Tangible-Asset is 4.97%, which is 17% above median its 10-year median of 4.23 and 52.9% above the REITs industry median of 3.25. CapitaLand Ascendas REIT's overall GF Score™ is 80/100 with 9 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 CapitaLand Ascendas REIT (ACDSF), the current Return-on-Tangible-Asset is 4.97% 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 CapitaLand Ascendas REIT (ACDSF) Overvalued in 2026?
Based on GuruFocus' analysis, CapitaLand Ascendas REIT stock appears to be overvalued.
The current stock price of $1.92 is trading 5% above its estimated GF Value™ of $1.83.
GuruFocus considers CapitaLand Ascendas REIT to be Fairly Valued.
Key valuation signals for ACDSF:
Return-on-Tangible-Asset: 4.97% (17% above median its 10-year median of 4.23)
GF Value™: $1.83 vs. price of $1.92 (5% above fair value)
Industry Position: 52.9% above the REITs median (#386 of 936)
No single metric tells the full story. See the ACDSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2025, it held a SGD 18.2 billion portfolio of 222 properties across Singapore, Australia, Europe, and the US. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns a 17.5% stake in the trust.
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