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Assa Abloy ABASAZY +0.27%92 Return-on-Tangible-Asset is 22.51% as of Jun. 2026, which is 7% above its 10-year median of 20.96. GuruFocus rates ASAZY with a GF Score™ of 92/100 and a GF Value™ of $17.00 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,094 Business Services companies, Assa Abloy AB ranks better than 94.7% 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. Assa Abloy AB's annualizedNet Income for the quarter that ended in Jun. 2026 was $1,857 Mil. Assa Abloy AB's average total tangible assets for the quarter that ended in Jun. 2026 was $8,247 Mil. Therefore, Assa Abloy AB's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 22.51%.
The historical rank and industry rank for Assa Abloy AB's Return-on-Tangible-Asset or its related term are showing as below:
ASAZY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.9 Med: 20.96 Max: 22.66
Current: 21.79
During the past 13 years, Assa Abloy AB's highest Return-on-Tangible-Asset was 22.66%. The lowest was 6.90%. And the median was 20.96%.
ASAZY's Return-on-Tangible-Asset is ranked better than 94.7% of 1094
companies
in the Business Services industry
Industry Median: 3.98
vs ASAZY: 21.79
Assa Abloy AB (OTCPK:ASAZY) 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.
Assa Abloy AB Return-on-Tangible-Asset Related Terms
Assa Abloy AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Assa Abloy AB'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.
ASAZY vs ALLE, MSA, ADT: Return-on-Tangible-Asset Comparison
For the Security & Protection Services subindustry, Assa Abloy AB'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.
Assa Abloy AB Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Assa Abloy AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Assa Abloy AB'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 22.51% mean?
Assa Abloy AB (ASAZY) has a Return-on-Tangible-Asset of 22.51% 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 Assa Abloy AB and its competitors. This is near median its historical median of 20.96. Over the past decade, Assa Abloy AB's Return-on-Tangible-Asset has ranged from 6.90 to 22.66. According to the industry distribution chart, Assa Abloy AB ranks #58 out of 1094 companies in the Business Services industry, placing it in the top 5.3%.
Is Assa Abloy AB's Return-on-Tangible-Asset too high?
Assa Abloy AB's current Return-on-Tangible-Asset of 22.51% is near median its 10-year median of 20.96. Over the past 10 years, this metric has ranged from a low of 6.90 to a high of 22.66. The Business Services industry median Return-on-Tangible-Asset is 3.98. Assa Abloy AB's value of 22.51% is 465.6% above this industry median. Based on the distribution chart, Assa Abloy AB ranks #58 out of 1094 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Assa Abloy AB has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Assa Abloy AB's Return-on-Tangible-Asset compare to ALLE and MSA?
According to the Business Services industry distribution chart, Assa Abloy AB ranks #58 out of 1094 companies for Return-on-Tangible-Asset. This places Assa Abloy AB in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.98. Assa Abloy AB's value of 22.51% is 465.6% above this benchmark. Historically, Assa Abloy AB's own Return-on-Tangible-Asset has ranged from 6.90 to 22.66 over the past decade. While the company's 10-year median is 20.96 vs. the industry median of 3.98, Assa Abloy AB has consistently been above 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 a Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,094 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. Assa Abloy AB's current Return-on-Tangible-Asset of 22.51% is 465.6% 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 Assa Abloy AB and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Assa Abloy AB's current Return-on-Tangible-Asset is 22.51%, which is near median its own 10-year median of 20.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Assa Abloy AB stock overvalued right now?
Based on GuruFocus' analysis, Assa Abloy AB (ASAZY) is currently considered Fairly Valued. The stock's GF Value™ is $17.00, compared to a current price of $18.50 — trading 8.8% above its estimated fair value. The current Return-on-Tangible-Asset is 22.51%, which is near median its 10-year median of 20.96 and 465.6% above the Business Services industry median of 3.98. Assa Abloy AB's overall GF Score™ is 92/100 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 Assa Abloy AB (ASAZY), the current Return-on-Tangible-Asset is 22.51% 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 Assa Abloy AB (ASAZY) Overvalued in 2026?
Based on GuruFocus' analysis, Assa Abloy AB stock appears to be overvalued.
The current stock price of $18.50 is trading 8.8% above its estimated GF Value™ of $17.00.
GuruFocus considers Assa Abloy AB to be Fairly Valued.
Key valuation signals for ASAZY:
Return-on-Tangible-Asset: 22.51% (near median its 10-year median of 20.96)
GF Value™: $17.00 vs. price of $18.50 (8.8% above fair value)
Industry Position: 465.6% above the Business Services median (#58 of 1094)
No single metric tells the full story. See the ASAZY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Assa Abloy is the world's largest supplier of locking and physical access solutions, sporting the world's largest installed base of locks that protect some of the most security-sensitive buildings, such as the European Parliament in Brussels. Some 70% of the group's revenue is derived from commercial, government, and other nonresidential customers. The company's product base is centered on electromechanical locks, which require identification to unlock with a keycard, biometric scan, or personal identification number. Assa Abloy's products are sold directly to security systems integrators, locksmiths, hardware stores, and original equipment manufacturers.
92GF Score
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