AdheriumASX:ADRDB 8 Return-on-Tangible-Asset is -305.63% as of Dec. 2025. GuruFocus rates ASX:ADRDB with a GF Score™ of 8/100 and a GF Value™ of A$0.35 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 857 Medical Devices & Instruments companies, Adherium ranks worse than 96.97% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Adherium's annualizedNet Income for the quarter that ended in Dec. 2025 was A$-11.72 Mil. Adherium's average total tangible assets for the quarter that ended in Dec. 2025 was A$3.84 Mil. Therefore, Adherium's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -305.63%.
The historical rank and industry rank for Adherium's Return-on-Tangible-Asset or its related term are showing as below:
ASX:ADRDB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -305.24 Med: -97.26 Max: 27.46
Current: -305.24
During the past 10 years, Adherium's highest Return-on-Tangible-Asset was 27.46%. The lowest was -305.24%. And the median was -97.26%.
ASX:ADRDB's Return-on-Tangible-Asset is ranked worse than 96.97% of 857
companies
in the Medical Devices & Instruments industry
Industry Median: 0.57
vs ASX:ADRDB: -305.24
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.
Adherium Return-on-Tangible-Asset Related Terms
Adherium Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Adherium'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.
ASX:ADRDB vs ABT, SYK, MDT: Return-on-Tangible-Asset Comparison
For the Medical Devices subindustry, Adherium'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.
Adherium Return-on-Tangible-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Adherium's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Adherium'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -305.63% mean?
Adherium (ASX:ADRDB) has a Return-on-Tangible-Asset of -305.63% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Adherium and its competitors. According to the industry distribution chart, Adherium ranks #831 out of 857 companies in the Medical Devices & Instruments industry, placing it in the top 97%.
Is Adherium's Return-on-Tangible-Asset too high?
Adherium's current Return-on-Tangible-Asset is -305.63%. Based on the distribution chart, Adherium ranks #831 out of 857 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Adherium has a GF Score™ of 8/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Adherium's Return-on-Tangible-Asset compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Adherium ranks #831 out of 857 companies for Return-on-Tangible-Asset. This places Adherium in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.57. 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Asset among Medical Devices & Instruments companies is 0.57, based on 857 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. 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 Adherium and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Asset is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adherium's current Return-on-Tangible-Asset is -305.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adherium stock overvalued right now?
Based on GuruFocus' analysis, Adherium (ASX:ADRDB) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.35, compared to a current price of A$0.20 — trading 42.9% below its estimated fair value. The current Return-on-Tangible-Asset is -305.63%. Adherium's overall GF Score™ is 8/100 with 8 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 Adherium (ASX:ADRDB), the current Return-on-Tangible-Asset is -305.63% as of Dec. 2025. 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 Adherium (ASX:ADRDB) Overvalued in 2026?
Based on GuruFocus' analysis, Adherium stock appears to be undervalued.
The current stock price of A$0.20 is trading 42.9% below its estimated GF Value™ of A$0.35.
GuruFocus considers Adherium to be Possible Value Trap.
Key valuation signals for ASX:ADRDB:
Return-on-Tangible-Asset: -305.63%
GF Value™: A$0.35 vs. price of A$0.20 (42.9% below fair value)
No single metric tells the full story. See the ASX:ADRDB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adherium Ltd is engaged in the development, manufacture, and supply of its Hailie digital health technologies that address sub-optimal medication use and improve health outcomes in chronic disease. It is an international Respiratory eHealth company focused on patient medication adherence, remote monitoring, and data management solutions for patients, payers, and providers. Its geographically segments include New Zealand and Australia, Europe, North America, and Asia. The majority of its revenue comes from Europe.
8GF Score
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