Abacus Storage KingASX:ASK -1.13%42 Return-on-Tangible-Asset is 3.96% as of Dec. 2025, which is 54% below its 10-year median of 8.61. GuruFocus rates ASX:ASK with a GF Score™ of 42/100 and a GF Value™ of A$1.53 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 940 REITs companies, Abacus Storage King ranks better than 82.02% 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. Abacus Storage King's annualizedNet Income for the quarter that ended in Dec. 2025 was A$142.2 Mil. Abacus Storage King's average total tangible assets for the quarter that ended in Dec. 2025 was A$3,587.3 Mil. Therefore, Abacus Storage King's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.96%.
The historical rank and industry rank for Abacus Storage King's Return-on-Tangible-Asset or its related term are showing as below:
ASX:ASK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.58 Med: 8.61 Max: 10.23
Current: 8.46
During the past 4 years, Abacus Storage King's highest Return-on-Tangible-Asset was 10.23%. The lowest was 7.58%. And the median was 8.61%.
ASX:ASK's Return-on-Tangible-Asset is ranked better than 82.02% of 940
companies
in the REITs industry
Industry Median: 3.235
vs ASX:ASK: 8.46
Abacus Storage King (ASX:ASK) 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.
Abacus Storage King Return-on-Tangible-Asset Related Terms
Abacus Storage King Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Abacus Storage King'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.
Abacus Storage King Return-on-Tangible-Asset Chart
ASX:ASK vs PLD, PSA, EXR: Return-on-Tangible-Asset Comparison
For the REIT - Industrial subindustry, Abacus Storage King'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.
Abacus Storage King Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Abacus Storage King's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Abacus Storage King'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 3.96% mean?
Abacus Storage King (ASX:ASK) has a Return-on-Tangible-Asset of 3.96% 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 Abacus Storage King and its competitors. This is 54% below median its historical median of 8.61. Over the past decade, Abacus Storage King's Return-on-Tangible-Asset has ranged from 7.58 to 10.23. According to the industry distribution chart, Abacus Storage King ranks #169 out of 940 companies in the REITs industry, placing it in the top 18%.
Is Abacus Storage King's Return-on-Tangible-Asset too high?
Abacus Storage King's current Return-on-Tangible-Asset of 3.96% is 54% below median its 10-year median of 8.61. Over the past 10 years, this metric has ranged from a low of 7.58 to a high of 10.23. The REITs industry median Return-on-Tangible-Asset is 3.24. Abacus Storage King's value of 3.96% is 22.4% above this industry median. Based on the distribution chart, Abacus Storage King ranks #169 out of 940 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Abacus Storage King has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Abacus Storage King's Return-on-Tangible-Asset compare to PLD and PSA?
According to the REITs industry distribution chart, Abacus Storage King ranks #169 out of 940 companies for Return-on-Tangible-Asset. This places Abacus Storage King in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.24. Abacus Storage King's value of 3.96% is 22.4% above this benchmark. Historically, Abacus Storage King's own Return-on-Tangible-Asset has ranged from 7.58 to 10.23 over the past decade. While the company's 10-year median is 8.61 vs. the industry median of 3.24, Abacus Storage King 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.24, based on 940 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. Abacus Storage King's current Return-on-Tangible-Asset of 3.96% is 22.4% 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 Abacus Storage King and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Abacus Storage King's current Return-on-Tangible-Asset is 3.96%, which is 54% below median its own 10-year median of 8.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abacus Storage King stock overvalued right now?
Based on GuruFocus' analysis, Abacus Storage King (ASX:ASK) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.53, compared to a current price of A$1.31 — trading 14.4% below its estimated fair value. The current Return-on-Tangible-Asset is 3.96%, which is 54% below median its 10-year median of 8.61 and 22.4% above the REITs industry median of 3.24. Abacus Storage King's overall GF Score™ is 42/100 with 4 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 Abacus Storage King (ASX:ASK), the current Return-on-Tangible-Asset is 3.96% 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 Abacus Storage King (ASX:ASK) Overvalued in 2026?
Based on GuruFocus' analysis, Abacus Storage King stock appears to be undervalued.
The current stock price of A$1.31 is trading 14.4% below its estimated GF Value™ of A$1.53.
GuruFocus considers Abacus Storage King to be Modestly Undervalued.
Key valuation signals for ASX:ASK:
Return-on-Tangible-Asset: 3.96% (54% below median its 10-year median of 8.61)
GF Value™: A$1.53 vs. price of A$1.31 (14.4% below fair value)
Industry Position: 22.4% above the REITs median (#169 of 940)
No single metric tells the full story. See the ASX:ASK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Abacus Storage King is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.
42GF Score
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