ARBK (Argo Blockchain) Return-on-Tangible-Asset: 201.18% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ARBK Argo Blockchain PLC ARBK
46 GF Score
Price $3.11
GF Value $31.25
Valuation Possible Value Trap
! 5 Warning Signs
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What is Argo Blockchain Return-on-Tangible-Asset?

Argo Blockchain ARBK -0.48% 46 Return-on-Tangible-Asset is 201.18% as of Dec. 2025. GuruFocus rates ARBK with a GF Score™ of 46/100 and a GF Value™ of $31.25 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 818 Capital Markets companies, Argo Blockchain ranks better than 97.68% 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. Argo Blockchain's annualized Net Income for the quarter that ended in Dec. 2025 was $26.42 Mil. Argo Blockchain's average total tangible assets for the quarter that ended in Dec. 2025 was $13.13 Mil. Therefore, Argo Blockchain's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 201.18%.

The historical rank and industry rank for Argo Blockchain's Return-on-Tangible-Asset or its related term are showing as below:

ARBK' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -117.07   Med: -3.9   Max: 33.63
Current: 33.63

During the past 8 years, Argo Blockchain's highest Return-on-Tangible-Asset was 33.63%. The lowest was -117.07%. And the median was -3.90%.

ARBK's Return-on-Tangible-Asset is ranked better than
97.68% of 818 companies
in the Capital Markets industry
Industry Median: 1.54 vs ARBK: 33.63

Argo Blockchain  (NAS:ARBK) Return-on-Tangible-Asset Explanation

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 company’s 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 company’s 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.


Argo Blockchain Return-on-Tangible-Asset Related Terms


Argo Blockchain Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Argo Blockchain'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.

Argo Blockchain Return-on-Tangible-Asset Chart

Argo Blockchain Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial 18.41 -93.70 -37.82 -117.07 27.95

Argo Blockchain Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -39.67 -139.22 -135.37 -115.87 201.18

ARBK vs BTCS, BGDE, PLUT: Return-on-Tangible-Asset Comparison

For the Capital Markets subindustry, Argo Blockchain'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.


Argo Blockchain Return-on-Tangible-Asset vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Argo Blockchain's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Argo Blockchain's Return-on-Tangible-Asset falls into.


ARBK
46GF Score
Argo Blockchain PLC ARBK
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Argo Blockchain Return-on-Tangible-Asset Calculation

Argo Blockchain's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=5.084/( (19.082+17.293)/ 2 )
=5.084/18.1875
=27.95 %

Argo Blockchain's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=26.424/( (8.976+17.293)/ 2 )
=26.424/13.1345
=201.18 %

* 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 201.18% mean?
Argo Blockchain (ARBK) has a Return-on-Tangible-Asset of 201.18% 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 Argo Blockchain and its competitors. According to the industry distribution chart, Argo Blockchain ranks #19 out of 818 companies in the Capital Markets industry, placing it in the top 2.3%.
Is Argo Blockchain's Return-on-Tangible-Asset too high?
Argo Blockchain's current Return-on-Tangible-Asset is 201.18%. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. Argo Blockchain's value of 201.18% is 12963.6% above this industry median. Based on the distribution chart, Argo Blockchain ranks #19 out of 818 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Argo Blockchain has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Argo Blockchain's Return-on-Tangible-Asset compare to BTCS and BGDE?
According to the Capital Markets industry distribution chart, Argo Blockchain ranks #19 out of 818 companies for Return-on-Tangible-Asset. This places Argo Blockchain in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.54. Argo Blockchain's value of 201.18% is 12963.6% 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 818 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. Argo Blockchain's current Return-on-Tangible-Asset of 201.18% is 12963.6% 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 Argo Blockchain and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argo Blockchain's current Return-on-Tangible-Asset is 201.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argo Blockchain stock overvalued right now?
Based on GuruFocus' analysis, Argo Blockchain (ARBK) is currently considered Possible Value Trap. The stock's GF Value™ is $31.25, compared to a current price of $3.11 — trading 90% below its estimated fair value. The current Return-on-Tangible-Asset is 201.18% and 12963.6% above the Capital Markets industry median of 1.54. Argo Blockchain's overall GF Score™ is 46/100 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 Argo Blockchain (ARBK), the current Return-on-Tangible-Asset is 201.18% 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 Argo Blockchain (ARBK) Overvalued in 2026?

Based on GuruFocus' analysis, Argo Blockchain stock appears to be undervalued. The current stock price of $3.11 is trading 90% below its estimated GF Value™ of $31.25. GuruFocus considers Argo Blockchain to be Possible Value Trap.

Key valuation signals for ARBK:

  • Return-on-Tangible-Asset: 201.18%
  • GF Value™: $31.25 vs. price of $3.11 (90% below fair value)
  • GF Score™: 46/100 with 5 warning signs
  • Industry Position: 12963.6% above the Capital Markets median (#19 of 818)

No single metric tells the full story. See the ARBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Argo Blockchain Business Description

Address 27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH
Argo Blockchain PLC is a blockchain technology company focused on the large-scale mining of Bitcoin. It mines bitcoin using purpose-built computers (or mining machines) to solve complex cryptographic algorithms on the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. The company acquires and deploys mining technology solutions in North American facilities that utilize predominantly renewable and inexpensive electricity.
46GF Score

Get the complete analysis for ARBK

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.11
Price
$31.25
GF Value