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. Alignment Healthcare's annualizedNet Income for the quarter that ended in Mar. 2026 was $46 Mil. Alignment Healthcare's average total tangible assets for the quarter that ended in Mar. 2026 was $1,127 Mil. Therefore, Alignment Healthcare's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.05%.
The historical rank and industry rank for Alignment Healthcare's Return-on-Tangible-Asset or its related term are showing as below:
ALHC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -43.41 Med: -25.15 Max: 1.93
Current: 1.93
During the past 7 years, Alignment Healthcare's highest Return-on-Tangible-Asset was 1.93%. The lowest was -43.41%. And the median was -25.15%.
ALHC's Return-on-Tangible-Asset is ranked worse than 61.11% of 18
companies
in the Healthcare Plans industry
Industry Median: 2.415
vs ALHC: 1.93
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.
Alignment Healthcare Return-on-Tangible-Asset Related Terms
Alignment Healthcare Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Alignment Healthcare'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.
ALHC vs CLOV, PGNY, OSCR: Return-on-Tangible-Asset Comparison
For the Healthcare Plans subindustry, Alignment Healthcare'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.
Alignment Healthcare Return-on-Tangible-Asset vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Alignment Healthcare's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Alignment Healthcare'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 4.05% mean?
Alignment Healthcare (ALHC) has a Return-on-Tangible-Asset of 4.05% 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 Alignment Healthcare and its competitors. According to the industry distribution chart, Alignment Healthcare ranks #11 out of 18 companies in the Healthcare Plans industry, placing it in the top 61.1%.
Is Alignment Healthcare's Return-on-Tangible-Asset too high?
Alignment Healthcare's current Return-on-Tangible-Asset is 4.05%. The Healthcare Plans industry median Return-on-Tangible-Asset is 2.42. Alignment Healthcare's value of 4.05% is 67.7% above this industry median. Based on the distribution chart, Alignment Healthcare ranks #11 out of 18 companies in the Healthcare Plans industry, which is below the industry midpoint. Overall, Alignment Healthcare has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alignment Healthcare's Return-on-Tangible-Asset compare to CLOV and PGNY?
According to the Healthcare Plans industry distribution chart, Alignment Healthcare ranks #11 out of 18 companies for Return-on-Tangible-Asset. This places Alignment Healthcare in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.42. Alignment Healthcare's value of 4.05% is 67.7% above this benchmark. 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 Healthcare Plans company?
The median Return-on-Tangible-Asset among Healthcare Plans companies is 2.42, based on 18 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. Alignment Healthcare's current Return-on-Tangible-Asset of 4.05% is 67.7% 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 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 Alignment Healthcare and its competitors. For the Healthcare Plans industry, the median Return-on-Tangible-Asset is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alignment Healthcare's current Return-on-Tangible-Asset is 4.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alignment Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Alignment Healthcare (ALHC) is currently considered Modestly Overvalued. The stock's GF Value™ is $19.24, compared to a current price of $24.56 — trading 27.7% above its estimated fair value. The current Return-on-Tangible-Asset is 4.05% and 67.7% above the Healthcare Plans industry median of 2.42. Alignment Healthcare's overall GF Score™ is 71/100 with 5 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 Alignment Healthcare (ALHC), the current Return-on-Tangible-Asset is 4.05% 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 Alignment Healthcare (ALHC) Overvalued in 2026?
Based on GuruFocus' analysis, Alignment Healthcare stock appears to be overvalued.
The current stock price of $24.56 is trading 27.7% above its estimated GF Value™ of $19.24.
GuruFocus considers Alignment Healthcare to be Modestly Overvalued.
Key valuation signals for ALHC:
Return-on-Tangible-Asset: 4.05%
GF Value™: $19.24 vs. price of $24.56 (27.7% above fair value)
Industry Position: 67.7% above the Healthcare Plans median (#11 of 18)
No single metric tells the full story. See the ALHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alignment Healthcare Inc is a next-generation, consumer-centric platform that is revolutionizing the healthcare experience for seniors through Medicare Advantage plans. These plans are marketed and sold direct-to-consumer, allowing seniors to select the manner in which customers receive healthcare coverage and services on an annual basis. The company combines a technology platform and clinical model for more effective health outcomes.
71GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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