The historical rank and industry rank for Progressive Planet Solutions's Return-on-Tangible-Asset or its related term are showing as below:
ASHXF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -195.84 Med: -46.09 Max: 7.34
Current: 7.34
During the past 13 years, Progressive Planet Solutions's highest Return-on-Tangible-Asset was 7.34%. The lowest was -195.84%. And the median was -46.09%.
ASHXF's Return-on-Tangible-Asset is ranked better than 86.08% of 2658
companies
in the Metals & Mining industry
Industry Median: -17.365
vs ASHXF: 7.34
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.
Progressive Planet Solutions Return-on-Tangible-Asset Related Terms
Progressive Planet Solutions Return-on-Tangible-Asset Historical Data
* 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.
For the Other Industrial Metals & Mining subindustry, Progressive Planet Solutions'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.
Progressive Planet Solutions Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Progressive Planet Solutions's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Progressive Planet Solutions'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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of -15.47% mean?
Progressive Planet Solutions (ASHXF) has a Return-on-Tangible-Asset of -15.47% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Progressive Planet Solutions and its competitors. According to the industry distribution chart, Progressive Planet Solutions ranks #370 out of 2658 companies in the Metals & Mining industry, placing it in the top 13.9%.
Is Progressive Planet Solutions' Return-on-Tangible-Asset too high?
Progressive Planet Solutions' current Return-on-Tangible-Asset is -15.47%. Based on the distribution chart, Progressive Planet Solutions ranks #370 out of 2658 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Progressive Planet Solutions has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Progressive Planet Solutions' Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Progressive Planet Solutions ranks #370 out of 2658 companies for Return-on-Tangible-Asset. This places Progressive Planet Solutions in the top 14% 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining 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 Progressive Planet Solutions and its competitors. Progressive Planet Solutions's current Return-on-Tangible-Asset is -15.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive Planet Solutions stock overvalued right now?
Based on GuruFocus' analysis, Progressive Planet Solutions (ASHXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.13, compared to a current price of $0.25 — trading 92.2% above its estimated fair value. The current Return-on-Tangible-Asset is -15.47%. Progressive Planet Solutions' overall GF Score™ is 35/100 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 Progressive Planet Solutions (ASHXF), the current Return-on-Tangible-Asset is -15.47% as of Jan. 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 Progressive Planet Solutions (ASHXF) Overvalued in 2026?
Based on GuruFocus' analysis, Progressive Planet Solutions stock appears to be overvalued.
The current stock price of $0.25 is trading 92.2% above its estimated GF Value™ of $0.13.
GuruFocus considers Progressive Planet Solutions to be Significantly Overvalued.
Key valuation signals for ASHXF:
Return-on-Tangible-Asset: -15.47%
GF Value™: $0.13 vs. price of $0.25 (92.2% above fair value)
No single metric tells the full story. See the ASHXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progressive Planet Solutions Inc is a manufacturer of mineral-based products derived from diatomaceous earth, zeolite, and bentonite. It owns a diatomaceous earth mine and a bentonite mine both located in Canada, and is also an operator and partial owner of a zeolite mine. Its expertise lies in developing critical low-carbon and carbon sequestering solutions. The company is also engaged in research and development activities to expand its current operations by developing products for the agricultural and supplementary cementing materials markets. Geographically, its products are sold in the United States where it generates maximum revenue, and in Canada.
35GF Score
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