Artesian ResourcesARTNB 75 Return-on-Tangible-Asset is 2.77% as of Mar. 2026, which is at its 10-year median of 2.77. GuruFocus rates ARTNB with a GF Score™ of 75/100 and a GF Value™ of $36.40. The stock has 3 warning signs investors should review. Among 510 Utilities - Regulated companies, Artesian Resources ranks worse than 58.24% 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. Artesian Resources's annualizedNet Income for the quarter that ended in Mar. 2026 was $23.7 Mil. Artesian Resources's average total tangible assets for the quarter that ended in Mar. 2026 was $857.1 Mil. Therefore, Artesian Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.77%.
The historical rank and industry rank for Artesian Resources's Return-on-Tangible-Asset or its related term are showing as below:
ARTNB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.25 Med: 2.77 Max: 2.96
Current: 2.8
During the past 13 years, Artesian Resources's highest Return-on-Tangible-Asset was 2.96%. The lowest was 2.25%. And the median was 2.77%.
ARTNB's Return-on-Tangible-Asset is ranked worse than 58.24% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.3
vs ARTNB: 2.80
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.
Artesian Resources Return-on-Tangible-Asset Related Terms
Artesian Resources Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Artesian Resources'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.
ARTNB vs CDZI, PCYO, CWCO: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Water subindustry, Artesian Resources'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.
Artesian Resources Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Artesian Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Artesian Resources'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 2.77% mean?
Artesian Resources (ARTNB) has a Return-on-Tangible-Asset of 2.77% 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 Artesian Resources and its competitors. This is near median its historical median of 2.77. Over the past decade, Artesian Resources' Return-on-Tangible-Asset has ranged from 2.25 to 2.96. According to the industry distribution chart, Artesian Resources ranks #297 out of 510 companies in the Utilities - Regulated industry, placing it in the top 58.2%.
Is Artesian Resources' Return-on-Tangible-Asset too high?
Artesian Resources' current Return-on-Tangible-Asset of 2.77% is near median its 10-year median of 2.77. Over the past 10 years, this metric has ranged from a low of 2.25 to a high of 2.96. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.30. Artesian Resources' value of 2.77% is 16.1% below this industry median. Based on the distribution chart, Artesian Resources ranks #297 out of 510 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Artesian Resources has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Artesian Resources' Return-on-Tangible-Asset compare to CDZI and PCYO?
According to the Utilities - Regulated industry distribution chart, Artesian Resources ranks #297 out of 510 companies for Return-on-Tangible-Asset. This places Artesian Resources in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.30. Artesian Resources' value of 2.77% is 16.1% below this benchmark. Historically, Artesian Resources' own Return-on-Tangible-Asset has ranged from 2.25 to 2.96 over the past decade. While the company's 10-year median is 2.77 vs. the industry median of 3.30, Artesian Resources has consistently been below 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.30, based on 510 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. Artesian Resources's current Return-on-Tangible-Asset of 2.77% is 16.1% below 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 Artesian Resources and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artesian Resources's current Return-on-Tangible-Asset is 2.77%, which is near median its own 10-year median of 2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artesian Resources stock overvalued right now?
Artesian Resources (ARTNB) has a current Return-on-Tangible-Asset of 2.77%. The stock's GF Value™ is $36.40, compared to a current price of $33.51 — trading 7.9% below its estimated fair value. The current Return-on-Tangible-Asset is 2.77%, which is near median its 10-year median of 2.77 and 16.1% below the Utilities - Regulated industry median of 3.30. Artesian Resources' overall GF Score™ is 75/100 with 3 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 Artesian Resources (ARTNB), the current Return-on-Tangible-Asset is 2.77% 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 Artesian Resources (ARTNB) Overvalued in 2026?
Based on GuruFocus' analysis, Artesian Resources stock appears to be undervalued.
The current stock price of $33.51 is trading 7.9% below its estimated GF Value™ of $36.40.
Key valuation signals for ARTNB:
Return-on-Tangible-Asset: 2.77% (near median its 10-year median of 2.77)
GF Value™: $36.40 vs. price of $33.51 (7.9% below fair value)
Industry Position: 16.1% below the Utilities - Regulated median (#297 of 510)
No single metric tells the full story. See the ARTNB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Artesian Resources Corp operates as a holding company based in the United States. Through its subsidiaries, it offers water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The Group distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal, and utility customers. Additionally, it is involved in contract water and wastewater operations; offers wastewater services, and water, sewer, and internal Service Line Protection Plans. The Group operates its businesses mainly through one reportable segment, the Regulated Utility segment.
75GF Score
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