Associated British FoodsASBFY +1.79%82 Return-on-Tangible-Asset is 5.10% as of Feb. 2026, which is 23% below its 10-year median of 6.63. GuruFocus rates ASBFY with a GF Score™ of 82/100 and a GF Value™ of $30.44 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,987 Consumer Packaged Goods companies, Associated British Foods ranks better than 61.65% 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. Associated British Foods's annualizedNet Income for the quarter that ended in Feb. 2026 was $1,209 Mil. Associated British Foods's average total tangible assets for the quarter that ended in Feb. 2026 was $23,721 Mil. Therefore, Associated British Foods's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 5.10%.
The historical rank and industry rank for Associated British Foods's Return-on-Tangible-Asset or its related term are showing as below:
ASBFY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.15 Med: 6.63 Max: 11.18
Current: 5.5
During the past 13 years, Associated British Foods's highest Return-on-Tangible-Asset was 11.18%. The lowest was 3.15%. And the median was 6.63%.
ASBFY's Return-on-Tangible-Asset is ranked better than 61.65% of 1987
companies
in the Consumer Packaged Goods industry
Industry Median: 3.38
vs ASBFY: 5.50
Associated British Foods (OTCPK:ASBFY) 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.
Associated British Foods Return-on-Tangible-Asset Related Terms
Associated British Foods Return-on-Tangible-Asset Historical Data
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The historical data trend for Associated British Foods'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.
Associated British Foods Return-on-Tangible-Asset Chart
ASBFY vs KHC, GIS: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, Associated British Foods'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.
Associated British Foods Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Associated British Foods's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Associated British Foods'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 two times the semi-annual (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.10% mean?
Associated British Foods (ASBFY) has a Return-on-Tangible-Asset of 5.10% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Associated British Foods and its competitors. This is 23% below median its historical median of 6.63. Over the past decade, Associated British Foods' Return-on-Tangible-Asset has ranged from 3.15 to 11.18. According to the industry distribution chart, Associated British Foods ranks #762 out of 1987 companies in the Consumer Packaged Goods industry, placing it in the top 38.3%.
Is Associated British Foods' Return-on-Tangible-Asset too high?
Associated British Foods' current Return-on-Tangible-Asset of 5.10% is 23% below median its 10-year median of 6.63. Over the past 10 years, this metric has ranged from a low of 3.15 to a high of 11.18. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.38. Associated British Foods' value of 5.10% is 50.9% above this industry median. Based on the distribution chart, Associated British Foods ranks #762 out of 1987 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Associated British Foods has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Associated British Foods' Return-on-Tangible-Asset compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Associated British Foods ranks #762 out of 1987 companies for Return-on-Tangible-Asset. This puts Associated British Foods in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.38. Associated British Foods' value of 5.10% is 50.9% above this benchmark. Historically, Associated British Foods' own Return-on-Tangible-Asset has ranged from 3.15 to 11.18 over the past decade. While the company's 10-year median is 6.63 vs. the industry median of 3.38, Associated British Foods 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.38, based on 1,987 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. Associated British Foods's current Return-on-Tangible-Asset of 5.10% is 50.9% 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 Associated British Foods and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated British Foods's current Return-on-Tangible-Asset is 5.10%, which is 23% below median its own 10-year median of 6.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated British Foods stock overvalued right now?
Based on GuruFocus' analysis, Associated British Foods (ASBFY) is currently considered Modestly Undervalued. The stock's GF Value™ is $30.44, compared to a current price of $26.79 — trading 12% below its estimated fair value. The current Return-on-Tangible-Asset is 5.10%, which is 23% below median its 10-year median of 6.63 and 50.9% above the Consumer Packaged Goods industry median of 3.38. Associated British Foods' overall GF Score™ is 82/100 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 Associated British Foods (ASBFY), the current Return-on-Tangible-Asset is 5.10% as of Feb. 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 Associated British Foods (ASBFY) Overvalued in 2026?
Based on GuruFocus' analysis, Associated British Foods stock appears to be undervalued.
The current stock price of $26.79 is trading 12% below its estimated GF Value™ of $30.44.
GuruFocus considers Associated British Foods to be Modestly Undervalued.
Key valuation signals for ASBFY:
Return-on-Tangible-Asset: 5.10% (23% below median its 10-year median of 6.63)
GF Value™: $30.44 vs. price of $26.79 (12% below fair value)
Industry Position: 50.9% above the Consumer Packaged Goods median (#762 of 1987)
No single metric tells the full story. See the ASBFY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Associated British Foods is a diversified international food, ingredients, and retail group with 138,000 employees and operations in 56 countries across Europe, Africa, the Americas, Asia, and Australia. The group sells branded groceries, grows and processes sugar, supplies farmers with crop input and animal feed, and runs the multinational Primark clothing retail chain. It also supplies ingredients like bakers' yeast, enzymes, lipids, and cereal specialties. In fiscal 2025, approximately 36% of sales came from the UK, and Primark accounted for around 60% of operating profit.On April 21, 2026, ABF announced it plans to separate Primark and the food businesses. Subject to approvals, the demerger is expected to become effective at the end of 2027.
82GF Score
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