Axcelis TechnologiesACLS +1.81%85 Return-on-Tangible-Asset is 2.69% as of Mar. 2026, which is 77% below its 10-year median of 11.60. GuruFocus rates ACLS with a GF Score™ of 85/100 and a GF Value™ of $87.50 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,026 Semiconductors companies, Axcelis Technologies ranks better than 72.42% 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. Axcelis Technologies's annualizedNet Income for the quarter that ended in Mar. 2026 was $36.9 Mil. Axcelis Technologies's average total tangible assets for the quarter that ended in Mar. 2026 was $1,367.9 Mil. Therefore, Axcelis Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.69%.
The historical rank and industry rank for Axcelis Technologies's Return-on-Tangible-Asset or its related term are showing as below:
ACLS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.11 Med: 11.6 Max: 32.12
Current: 7.47
During the past 13 years, Axcelis Technologies's highest Return-on-Tangible-Asset was 32.12%. The lowest was 3.11%. And the median was 11.60%.
ACLS's Return-on-Tangible-Asset is ranked better than 72.42% of 1026
companies
in the Semiconductors industry
Industry Median: 2.59
vs ACLS: 7.47
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.
Axcelis Technologies Return-on-Tangible-Asset Related Terms
Axcelis Technologies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Axcelis Technologies'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.
ACLS vs UCTT, AXTI, IPGP: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, Axcelis Technologies'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.
Axcelis Technologies Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Axcelis Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Axcelis Technologies'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.69% mean?
Axcelis Technologies (ACLS) has a Return-on-Tangible-Asset of 2.69% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Axcelis Technologies and its competitors. This is 77% below median its historical median of 11.60. Over the past decade, Axcelis Technologies' Return-on-Tangible-Asset has ranged from 3.11 to 32.12. According to the industry distribution chart, Axcelis Technologies ranks #283 out of 1026 companies in the Semiconductors industry, placing it in the top 27.6%.
Is Axcelis Technologies' Return-on-Tangible-Asset too high?
Axcelis Technologies' current Return-on-Tangible-Asset of 2.69% is 77% below median its 10-year median of 11.60. Over the past 10 years, this metric has ranged from a low of 3.11 to a high of 32.12. The Semiconductors industry median Return-on-Tangible-Asset is 2.59. Axcelis Technologies' value of 2.69% is 3.9% above this industry median. Based on the distribution chart, Axcelis Technologies ranks #283 out of 1026 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Axcelis Technologies has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Axcelis Technologies' Return-on-Tangible-Asset compare to UCTT and AXTI?
According to the Semiconductors industry distribution chart, Axcelis Technologies ranks #283 out of 1026 companies for Return-on-Tangible-Asset. This puts Axcelis Technologies in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.59. Axcelis Technologies' value of 2.69% is 3.9% above this benchmark. Historically, Axcelis Technologies' own Return-on-Tangible-Asset has ranged from 3.11 to 32.12 over the past decade. While the company's 10-year median is 11.60 vs. the industry median of 2.59, Axcelis Technologies 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.59, based on 1,026 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. Axcelis Technologies's current Return-on-Tangible-Asset of 2.69% is 3.9% 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 Axcelis Technologies and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axcelis Technologies's current Return-on-Tangible-Asset is 2.69%, which is 77% below median its own 10-year median of 11.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axcelis Technologies stock overvalued right now?
Based on GuruFocus' analysis, Axcelis Technologies (ACLS) is currently considered Significantly Overvalued. The stock's GF Value™ is $87.50, compared to a current price of $176.13 — trading 101.3% above its estimated fair value. The current Return-on-Tangible-Asset is 2.69%, which is 77% below median its 10-year median of 11.60 and 3.9% above the Semiconductors industry median of 2.59. Axcelis Technologies' overall GF Score™ is 85/100 with 8 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 Axcelis Technologies (ACLS), the current Return-on-Tangible-Asset is 2.69% 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 Axcelis Technologies (ACLS) Overvalued in 2026?
Based on GuruFocus' analysis, Axcelis Technologies stock appears to be overvalued.
The current stock price of $176.13 is trading 101.3% above its estimated GF Value™ of $87.50.
GuruFocus considers Axcelis Technologies to be Significantly Overvalued.
Key valuation signals for ACLS:
Return-on-Tangible-Asset: 2.69% (77% below median its 10-year median of 11.60)
GF Value™: $87.50 vs. price of $176.13 (101.3% above fair value)
Industry Position: 3.9% above the Semiconductors median (#283 of 1026)
No single metric tells the full story. See the ACLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axcelis Technologies Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. In addition to equipment, the company provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services, and customer training. Geographically, the group has a business presence in North America, Asia Pacific, and Europe, of which key revenue is derived from the Asia Pacific.
85GF Score
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