AVITA MedicalASX:AVH -7.49%60 Return-on-Tangible-Asset is -85.15% as of Mar. 2026. GuruFocus rates ASX:AVH with a GF Score™ of 60/100 and a GF Value™ of A$3.10 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 854 Medical Devices & Instruments companies, AVITA Medical ranks worse than 88.17% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. AVITA Medical's annualizedNet Income for the quarter that ended in Mar. 2026 was A$-60.5 Mil. AVITA Medical's average total tangible assets for the quarter that ended in Mar. 2026 was A$71.0 Mil. Therefore, AVITA Medical's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -85.15%.
The historical rank and industry rank for AVITA Medical's Return-on-Tangible-Asset or its related term are showing as below:
ASX:AVH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -143.65 Med: -77.95 Max: -23.93
Current: -83.25
During the past 13 years, AVITA Medical's highest Return-on-Tangible-Asset was -23.93%. The lowest was -143.65%. And the median was -77.95%.
ASX:AVH's Return-on-Tangible-Asset is ranked worse than 88.17% of 854
companies
in the Medical Devices & Instruments industry
Industry Median: 0.595
vs ASX:AVH: -83.25
AVITA Medical (ASX:AVH) 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.
AVITA Medical Return-on-Tangible-Asset Related Terms
AVITA Medical Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for AVITA Medical'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:AVH vs MXCT, HYPR, ZOMDF: Return-on-Tangible-Asset Comparison
For the Medical Devices subindustry, AVITA Medical'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.
AVITA Medical Return-on-Tangible-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, AVITA Medical's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where AVITA Medical'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 -85.15% mean?
AVITA Medical (ASX:AVH) has a Return-on-Tangible-Asset of -85.15% 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 AVITA Medical and its competitors. According to the industry distribution chart, AVITA Medical ranks #753 out of 854 companies in the Medical Devices & Instruments industry, placing it in the top 88.2%.
Is AVITA Medical's Return-on-Tangible-Asset too high?
AVITA Medical's current Return-on-Tangible-Asset is -85.15%. Based on the distribution chart, AVITA Medical ranks #753 out of 854 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, AVITA Medical has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AVITA Medical's Return-on-Tangible-Asset compare to MXCT and HYPR?
According to the Medical Devices & Instruments industry distribution chart, AVITA Medical ranks #753 out of 854 companies for Return-on-Tangible-Asset. This places AVITA Medical in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.60. 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 0.60, based on 854 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 AVITA Medical and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Asset is 0.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AVITA Medical's current Return-on-Tangible-Asset is -85.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AVITA Medical stock overvalued right now?
Based on GuruFocus' analysis, AVITA Medical (ASX:AVH) is currently considered Possible Value Trap. The stock's GF Value™ is A$3.10, compared to a current price of A$1.24 — trading 60.2% below its estimated fair value. The current Return-on-Tangible-Asset is -85.15%. AVITA Medical's overall GF Score™ is 60/100 with 6 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 AVITA Medical (ASX:AVH), the current Return-on-Tangible-Asset is -85.15% 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 AVITA Medical (ASX:AVH) Overvalued in 2026?
Based on GuruFocus' analysis, AVITA Medical stock appears to be undervalued.
The current stock price of A$1.24 is trading 60.2% below its estimated GF Value™ of A$3.10.
GuruFocus considers AVITA Medical to be Possible Value Trap.
Key valuation signals for ASX:AVH:
Return-on-Tangible-Asset: -85.15%
GF Value™: A$3.10 vs. price of A$1.24 (60.2% below fair value)
No single metric tells the full story. See the ASX:AVH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avita is largely a single product company. Its RECELL system is an innovative burn treatment device which creates Spray-on Skin from a small skin sample within 30 minutes, thus avoiding or reducing the need for skin grafts. It's approved for the treatment of adult and paediatric patients in the US and an expanded indication for soft-tissue reconstruction. It is currently used in most of the 140 US burn centers. Despite having product approval in Australia, Canada, and China, Avita is not actively marketing in those territories and focussing instead on the US region, although international sales, particularly in Japan, are growing. Avita is domiciled, and has its primary listing, in the US.
60GF Score
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