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.
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.
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. Arcutis Biotherapeutics's annualizedNet Income for the quarter that ended in Jun. 2026 was $60.0 Mil. Arcutis Biotherapeutics's average total tangible assets for the quarter that ended in Jun. 2026 was $460.3 Mil. Therefore, Arcutis Biotherapeutics's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 13.04%.
The historical rank and industry rank for Arcutis Biotherapeutics's Return-on-Tangible-Asset or its related term are showing as below:
ARQT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -130.35 Med: -66.96 Max: 7.02
Current: 7.02
During the past 9 years, Arcutis Biotherapeutics's highest Return-on-Tangible-Asset was 7.02%. The lowest was -130.35%. And the median was -66.96%.
ARQT's Return-on-Tangible-Asset is ranked better than 89.05% of 1415
companies
in the Biotechnology industry
Industry Median: -35.77
vs ARQT: 7.02
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.
Arcutis Biotherapeutics Return-on-Tangible-Asset Related Terms
Arcutis Biotherapeutics Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Arcutis Biotherapeutics'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.
ARQT vs IDYA, NAMS, ALMS: Return-on-Tangible-Asset Comparison
For the Biotechnology subindustry, Arcutis Biotherapeutics'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.
Arcutis Biotherapeutics Return-on-Tangible-Asset vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Arcutis Biotherapeutics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Arcutis Biotherapeutics'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 13.04% mean?
Arcutis Biotherapeutics (ARQT) has a Return-on-Tangible-Asset of 13.04% 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 Arcutis Biotherapeutics and its competitors. According to the industry distribution chart, Arcutis Biotherapeutics ranks #155 out of 1415 companies in the Biotechnology industry, placing it in the top 11%.
Is Arcutis Biotherapeutics' Return-on-Tangible-Asset too high?
Arcutis Biotherapeutics' current Return-on-Tangible-Asset is 13.04%. Based on the distribution chart, Arcutis Biotherapeutics ranks #155 out of 1415 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Arcutis Biotherapeutics has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Arcutis Biotherapeutics' Return-on-Tangible-Asset compare to IDYA and NAMS?
According to the Biotechnology industry distribution chart, Arcutis Biotherapeutics ranks #155 out of 1415 companies for Return-on-Tangible-Asset. This places Arcutis Biotherapeutics in the top 11% 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 Arcutis Biotherapeutics and its competitors. Arcutis Biotherapeutics's current Return-on-Tangible-Asset is 13.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcutis Biotherapeutics stock overvalued right now?
Based on GuruFocus' analysis, Arcutis Biotherapeutics (ARQT) is currently considered Modestly Undervalued. The stock's GF Value™ is $30.59, compared to a current price of $25.08 — trading 18% below its estimated fair value. The current Return-on-Tangible-Asset is 13.04%. Arcutis Biotherapeutics' overall GF Score™ is 56/100 with 2 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 Arcutis Biotherapeutics (ARQT), the current Return-on-Tangible-Asset is 13.04% 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 Arcutis Biotherapeutics (ARQT) Overvalued in 2026?
Based on GuruFocus' analysis, Arcutis Biotherapeutics stock appears to be undervalued.
The current stock price of $25.08 is trading 18% below its estimated GF Value™ of $30.59.
GuruFocus considers Arcutis Biotherapeutics to be Modestly Undervalued.
Key valuation signals for ARQT:
Return-on-Tangible-Asset: 13.04%
GF Value™: $30.59 vs. price of $25.08 (18% below fair value)
No single metric tells the full story. See the ARQT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arcutis Biotherapeutics Inc is a commercial-stage biopharmaceutical company focused on developing and commercializing treatments for dermatological diseases with high unmet medical needs. Its current portfolio is comprised of differentiated topical and systemic treatments with potential to treat immune-mediated dermatological diseases and conditions. The company's product candidate ZORYVE roflumilast cream, has completed pivotal Phase 3 clinical trials in plaque psoriasis, demonstrating symptomatic improvement and favorable tolerability in this population. The Company has one reportable segment relating to the development and commercialization of treatments for dermatological diseases.
56GF Score
Get the complete analysis for ARQT
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ARQT has been successfully added to your 
