ASM International NVASMXF -5.34%94 Return-on-Tangible-Asset is 22.39% as of Mar. 2026, which is 24% above its 10-year median of 18.01. GuruFocus rates ASMXF with a GF Score™ of 94/100 and a GF Value™ of $718.61 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,025 Semiconductors companies, ASM International NV ranks better than 96.1% 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. ASM International NV's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,103 Mil. ASM International NV's average total tangible assets for the quarter that ended in Mar. 2026 was $4,925 Mil. Therefore, ASM International NV's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 22.39%.
The historical rank and industry rank for ASM International NV's Return-on-Tangible-Asset or its related term are showing as below:
ASMXF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.77 Med: 18.01 Max: 25.13
Current: 24.38
During the past 13 years, ASM International NV's highest Return-on-Tangible-Asset was 25.13%. The lowest was 6.77%. And the median was 18.01%.
ASMXF's Return-on-Tangible-Asset is ranked better than 96.1% of 1025
companies
in the Semiconductors industry
Industry Median: 2.63
vs ASMXF: 24.38
ASM International NV (OTCPK:ASMXF) 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.
ASM International NV Return-on-Tangible-Asset Related Terms
ASM International NV Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ASM International NV'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.
ASM International NV Return-on-Tangible-Asset Chart
ASMXF vs AMAT, LRCX, KLAC: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, ASM International NV'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.
ASM International NV Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASM International NV's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ASM International NV'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 22.39% mean?
ASM International NV (ASMXF) has a Return-on-Tangible-Asset of 22.39% 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 ASM International NV and its competitors. This is 24% above median its historical median of 18.01. Over the past decade, ASM International NV's Return-on-Tangible-Asset has ranged from 6.77 to 25.13. According to the industry distribution chart, ASM International NV ranks #40 out of 1025 companies in the Semiconductors industry, placing it in the top 3.9%.
Is ASM International NV's Return-on-Tangible-Asset too high?
ASM International NV's current Return-on-Tangible-Asset of 22.39% is 24% above median its 10-year median of 18.01. Over the past 10 years, this metric has ranged from a low of 6.77 to a high of 25.13. The Semiconductors industry median Return-on-Tangible-Asset is 2.63. ASM International NV's value of 22.39% is 751.3% above this industry median. Based on the distribution chart, ASM International NV ranks #40 out of 1025 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, ASM International NV has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASM International NV's Return-on-Tangible-Asset compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, ASM International NV ranks #40 out of 1025 companies for Return-on-Tangible-Asset. This places ASM International NV in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.63. ASM International NV's value of 22.39% is 751.3% above this benchmark. Historically, ASM International NV's own Return-on-Tangible-Asset has ranged from 6.77 to 25.13 over the past decade. While the company's 10-year median is 18.01 vs. the industry median of 2.63, ASM International NV 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.63, based on 1,025 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. ASM International NV's current Return-on-Tangible-Asset of 22.39% is 751.3% 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 ASM International NV and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASM International NV's current Return-on-Tangible-Asset is 22.39%, which is 24% above median its own 10-year median of 18.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASM International NV stock overvalued right now?
Based on GuruFocus' analysis, ASM International NV (ASMXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $718.61, compared to a current price of $1,063.00 — trading 47.9% above its estimated fair value. The current Return-on-Tangible-Asset is 22.39%, which is 24% above median its 10-year median of 18.01 and 751.3% above the Semiconductors industry median of 2.63. ASM International NV's overall GF Score™ is 94/100 with 5 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 ASM International NV (ASMXF), the current Return-on-Tangible-Asset is 22.39% 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 ASM International NV (ASMXF) Overvalued in 2026?
Based on GuruFocus' analysis, ASM International NV stock appears to be overvalued.
The current stock price of $1,063.00 is trading 47.9% above its estimated GF Value™ of $718.61.
GuruFocus considers ASM International NV to be Significantly Overvalued.
Key valuation signals for ASMXF:
Return-on-Tangible-Asset: 22.39% (24% above median its 10-year median of 18.01)
GF Value™: $718.61 vs. price of $1,063.00 (47.9% above fair value)
Industry Position: 751.3% above the Semiconductors median (#40 of 1025)
No single metric tells the full story. See the ASMXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASM International is a Dutch company that supplies deposition equipment for chip fabrication. It is the leader in atomic layer deposition, a precise deposition technique that is required in the most advanced semiconductors. ASM's main clients are logic foundries TSMC, Samsung, and Intel, as well as memory foundries SK Hynix and Micron Technology. Foundries and wafer fab equipment providers like ASM work closely, which gives the firm insight into the customer's innovation and product road maps. Once a machine is established in a fab, it can generate service revenue for decades.
94GF Score
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