Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Grange ResourcesASX:GRR -3.33%49 Return-on-Tangible-Asset is 4.83% as of Dec. 2025, which is 66% below its 10-year median of 14.35. GuruFocus rates ASX:GRR with a GF Score™ of 49/100 and a GF Value™ of A$0.26 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 634 Steel companies, Grange Resources ranks better than 64.04% 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. Grange Resources's annualizedNet Income for the quarter that ended in Dec. 2025 was A$65.7 Mil. Grange Resources's average total tangible assets for the quarter that ended in Dec. 2025 was A$1,359.6 Mil. Therefore, Grange Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 4.83%.
The historical rank and industry rank for Grange Resources's Return-on-Tangible-Asset or its related term are showing as below:
ASX:GRR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.46 Med: 14.35 Max: 60.22
Current: 3.48
During the past 13 years, Grange Resources's highest Return-on-Tangible-Asset was 60.22%. The lowest was 3.46%. And the median was 14.35%.
ASX:GRR's Return-on-Tangible-Asset is ranked better than 64.04% of 634
companies
in the Steel industry
Industry Median: 2.015
vs ASX:GRR: 3.48
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.
Grange Resources Return-on-Tangible-Asset Related Terms
Grange Resources Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Grange Resources'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:GRR vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Grange Resources'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.
Grange Resources Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Grange Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Grange Resources'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 4.83% mean?
Grange Resources (ASX:GRR) has a Return-on-Tangible-Asset of 4.83% 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 Grange Resources and its competitors. This is 66% below median its historical median of 14.35. Over the past decade, Grange Resources' Return-on-Tangible-Asset has ranged from 3.46 to 60.22. According to the industry distribution chart, Grange Resources ranks #228 out of 634 companies in the Steel industry, placing it in the top 36%.
Is Grange Resources' Return-on-Tangible-Asset too high?
Grange Resources' current Return-on-Tangible-Asset of 4.83% is 66% below median its 10-year median of 14.35. Over the past 10 years, this metric has ranged from a low of 3.46 to a high of 60.22. The Steel industry median Return-on-Tangible-Asset is 2.02. Grange Resources' value of 4.83% is 139.7% above this industry median. Based on the distribution chart, Grange Resources ranks #228 out of 634 companies in the Steel industry, which is above the industry midpoint. Overall, Grange Resources has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Grange Resources' Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Grange Resources ranks #228 out of 634 companies for Return-on-Tangible-Asset. This puts Grange Resources in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.02. Grange Resources' value of 4.83% is 139.7% above this benchmark. Historically, Grange Resources' own Return-on-Tangible-Asset has ranged from 3.46 to 60.22 over the past decade. While the company's 10-year median is 14.35 vs. the industry median of 2.02, Grange Resources 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.02, based on 634 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. Grange Resources's current Return-on-Tangible-Asset of 4.83% is 139.7% 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 Grange Resources and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grange Resources's current Return-on-Tangible-Asset is 4.83%, which is 66% below median its own 10-year median of 14.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grange Resources stock overvalued right now?
Based on GuruFocus' analysis, Grange Resources (ASX:GRR) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.26, compared to a current price of A$0.15 — trading 44.2% below its estimated fair value. The current Return-on-Tangible-Asset is 4.83%, which is 66% below median its 10-year median of 14.35 and 139.7% above the Steel industry median of 2.02. Grange Resources' overall GF Score™ is 49/100 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 Grange Resources (ASX:GRR), the current Return-on-Tangible-Asset is 4.83% 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 Grange Resources (ASX:GRR) Overvalued in 2026?
Based on GuruFocus' analysis, Grange Resources stock appears to be undervalued.
The current stock price of A$0.15 is trading 44.2% below its estimated GF Value™ of A$0.26.
GuruFocus considers Grange Resources to be Possible Value Trap.
Key valuation signals for ASX:GRR:
Return-on-Tangible-Asset: 4.83% (66% below median its 10-year median of 14.35)
GF Value™: A$0.26 vs. price of A$0.15 (44.2% below fair value)
Industry Position: 139.7% above the Steel median (#228 of 634)
No single metric tells the full story. See the ASX:GRR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grange Resources Ltd is engaged in the exploration, evaluation, and development of mineral resources and iron ore mining operations. The Group has one reportable segment, being the exploration, evaluation, and development of mineral resources and iron ore mining operations.
49GF Score
Get the complete analysis for ASX:GRR
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:GRR has been successfully added to your 
