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Carnegie Clean EnergyASX:CCE -13.04%13 Return-on-Tangible-Asset is -38.83% as of Dec. 2025. GuruFocus rates ASX:CCE with a GF Score™ of 13/100 and a GF Value™ of A$0.06 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 449 Utilities - Independent Power Producers companies, Carnegie Clean Energy ranks worse than 92.43% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Carnegie Clean Energy's annualizedNet Income for the quarter that ended in Dec. 2025 was A$-3.41 Mil. Carnegie Clean Energy's average total tangible assets for the quarter that ended in Dec. 2025 was A$8.78 Mil. Therefore, Carnegie Clean Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -38.83%.
The historical rank and industry rank for Carnegie Clean Energy's Return-on-Tangible-Asset or its related term are showing as below:
ASX:CCE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -275.51 Med: -29.32 Max: -4.44
Current: -31.2
During the past 13 years, Carnegie Clean Energy's highest Return-on-Tangible-Asset was -4.44%. The lowest was -275.51%. And the median was -29.32%.
ASX:CCE's Return-on-Tangible-Asset is ranked worse than 92.43% of 449
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.29
vs ASX:CCE: -31.20
Carnegie Clean Energy (ASX:CCE) 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.
Carnegie Clean Energy Return-on-Tangible-Asset Related Terms
Carnegie Clean Energy Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Carnegie Clean Energy'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.
Carnegie Clean Energy Return-on-Tangible-Asset Chart
Carnegie Clean Energy Return-on-Tangible-Asset Competitor Comparison
For the Utilities - Renewable subindustry, Carnegie Clean Energy'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.
Carnegie Clean Energy Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Carnegie Clean Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Carnegie Clean Energy'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 -38.83% mean?
Carnegie Clean Energy (ASX:CCE) has a Return-on-Tangible-Asset of -38.83% 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 Carnegie Clean Energy and its competitors. According to the industry distribution chart, Carnegie Clean Energy ranks #415 out of 449 companies in the Utilities - Independent Power Producers industry, placing it in the top 92.4%.
Is Carnegie Clean Energy's Return-on-Tangible-Asset too high?
Carnegie Clean Energy's current Return-on-Tangible-Asset is -38.83%. Based on the distribution chart, Carnegie Clean Energy ranks #415 out of 449 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Carnegie Clean Energy has a GF Score™ of 13/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carnegie Clean Energy's Return-on-Tangible-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Carnegie Clean Energy ranks #415 out of 449 companies for Return-on-Tangible-Asset. This places Carnegie Clean Energy in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.29. 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.29, based on 449 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 Carnegie Clean Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carnegie Clean Energy's current Return-on-Tangible-Asset is -38.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carnegie Clean Energy stock overvalued right now?
Based on GuruFocus' analysis, Carnegie Clean Energy (ASX:CCE) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.06, compared to a current price of A$0.20 — trading 233.3% above its estimated fair value. The current Return-on-Tangible-Asset is -38.83%. Carnegie Clean Energy's overall GF Score™ is 13/100 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 Carnegie Clean Energy (ASX:CCE), the current Return-on-Tangible-Asset is -38.83% 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 Carnegie Clean Energy (ASX:CCE) Overvalued in 2026?
Based on GuruFocus' analysis, Carnegie Clean Energy stock appears to be overvalued.
The current stock price of A$0.20 is trading 233.3% above its estimated GF Value™ of A$0.06.
GuruFocus considers Carnegie Clean Energy to be Significantly Overvalued.
Key valuation signals for ASX:CCE:
Return-on-Tangible-Asset: -38.83%
GF Value™: A$0.06 vs. price of A$0.20 (233.3% above fair value)
No single metric tells the full story. See the ASX:CCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carnegie Clean Energy Ltd is the developer of utility-scale solar, battery, wave, and hybrid energy projects. The firm is mainly engaged in CETO wave energy technology/microgrid build, own, operator, which is developing and commercializing technology for zero-emission electricity generation from ocean swell, and the production and selling of energy through the ownership of microgrids; and Solar and Battery engineering and procurement. The firm realizes a majority of its revenue from Garden Island Microgrid through electricity sales.
13GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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