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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.
argenx SEARGX -0.69%78 Return-on-Tangible-Asset is 19.33% as of Jun. 2026. GuruFocus rates ARGX with a GF Score™ of 78/100 and a GF Value™ of $1,416.99 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,416 Biotechnology companies, argenx SE ranks better than 95.55% 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. argenx SE's annualizedNet Income for the quarter that ended in Jun. 2026 was $1,888 Mil. argenx SE's average total tangible assets for the quarter that ended in Jun. 2026 was $9,766 Mil. Therefore, argenx SE's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 19.33%.
The historical rank and industry rank for argenx SE's Return-on-Tangible-Asset or its related term are showing as below:
ARGX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -31.81 Med: -15.2 Max: 20.4
Current: 20.4
During the past 13 years, argenx SE's highest Return-on-Tangible-Asset was 20.40%. The lowest was -31.81%. And the median was -15.20%.
ARGX's Return-on-Tangible-Asset is ranked better than 95.55% of 1416
companies
in the Biotechnology industry
Industry Median: -35.76
vs ARGX: 20.40
argenx SE (NAS:ARGX) 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 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.
argenx SE Return-on-Tangible-Asset Related Terms
argenx SE Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for argenx SE'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.
ARGX vs VRTX, REGN, ALNY: Return-on-Tangible-Asset Comparison
For the Biotechnology subindustry, argenx SE'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.
argenx SE Return-on-Tangible-Asset vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, argenx SE's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where argenx SE'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 19.33% mean?
argenx SE (ARGX) has a Return-on-Tangible-Asset of 19.33% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on argenx SE and its competitors. According to the industry distribution chart, argenx SE ranks #63 out of 1416 companies in the Biotechnology industry, placing it in the top 4.4%.
Is argenx SE's Return-on-Tangible-Asset too high?
argenx SE's current Return-on-Tangible-Asset is 19.33%. Based on the distribution chart, argenx SE ranks #63 out of 1416 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, argenx SE has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does argenx SE's Return-on-Tangible-Asset compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, argenx SE ranks #63 out of 1416 companies for Return-on-Tangible-Asset. This places argenx SE in the top 4% of its industry — outperforming the majority of peers. 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 Biotechnology company?
A good Return-on-Tangible-Asset depends on the Biotechnology industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 argenx SE and its competitors. argenx SE's current Return-on-Tangible-Asset is 19.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is argenx SE stock overvalued right now?
Based on GuruFocus' analysis, argenx SE (ARGX) is currently considered Significantly Undervalued. The stock's GF Value™ is $1,416.99, compared to a current price of $918.22 — trading 35.2% below its estimated fair value. The current Return-on-Tangible-Asset is 19.33%. argenx SE's overall GF Score™ is 78/100 with 4 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 argenx SE (ARGX), the current Return-on-Tangible-Asset is 19.33% as of Jun. 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 argenx SE (ARGX) Overvalued in 2026?
Based on GuruFocus' analysis, argenx SE stock appears to be undervalued.
The current stock price of $918.22 is trading 35.2% below its estimated GF Value™ of $1,416.99.
GuruFocus considers argenx SE to be Significantly Undervalued.
Key valuation signals for ARGX:
Return-on-Tangible-Asset: 19.33%
GF Value™: $1,416.99 vs. price of $918.22 (35.2% below fair value)
No single metric tells the full story. See the ARGX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argenx is a Dutch biopharmaceutical company focused on developing antibody-based therapies for rare autoimmune diseases. The company's lead product, Vyvgart (efgartigimod), was approved by the FDA in December 2021 for the treatment of generalized myasthenia gravis (gMG). In 2022, Argenx also received FDA approval for Vyvgart Hytrulo, a subcutaneous formulation of Vyvgart, offering a more convenient option compared with Vyvgart's intravenous administration. In 2024, the FDA approved Vyvgart Hytrulo for Chronic Inflammatory Demyelinating Polyneuropathy, a rare immune-mediated neuromuscular disorder of the peripheral nervous system. Argenx is focused on innovation and developing its pipeline for treatments such as primary immune thrombocytopenia, thyroid eye disease, and Sjogren's Disease.
78GF Score
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