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Trade Window HoldingsASX:TWL 9 Return-on-Tangible-Asset is -59.80% as of Mar. 2026. GuruFocus rates ASX:TWL with a GF Score™ of 9/100 and a GF Value™ of A$0.28 (Significantly Undervalued). Among 2,892 Software companies, Trade Window Holdings ranks worse than 89.07% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Trade Window Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was A$-2.09 Mil. Trade Window Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was A$3.50 Mil. Therefore, Trade Window Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -59.80%.
The historical rank and industry rank for Trade Window Holdings's Return-on-Tangible-Asset or its related term are showing as below:
ASX:TWL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -225.08 Med: -110.99 Max: -68.39
Current: -78.21
During the past 5 years, Trade Window Holdings's highest Return-on-Tangible-Asset was -68.39%. The lowest was -225.08%. And the median was -110.99%.
ASX:TWL's Return-on-Tangible-Asset is ranked worse than 89.07% of 2892
companies
in the Software industry
Industry Median: 2.07
vs ASX:TWL: -78.21
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.
Trade Window Holdings Return-on-Tangible-Asset Related Terms
Trade Window Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Trade Window Holdings'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:TWL vs UBER, SHOP, CRM: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Trade Window Holdings'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.
Trade Window Holdings Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Trade Window Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Trade Window Holdings'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -59.80% mean?
Trade Window Holdings (ASX:TWL) has a Return-on-Tangible-Asset of -59.80% 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 Trade Window Holdings and its competitors. According to the industry distribution chart, Trade Window Holdings ranks #2576 out of 2892 companies in the Software industry, placing it in the top 89.1%.
Is Trade Window Holdings' Return-on-Tangible-Asset too high?
Trade Window Holdings' current Return-on-Tangible-Asset is -59.80%. Based on the distribution chart, Trade Window Holdings ranks #2576 out of 2892 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Trade Window Holdings has a GF Score™ of 9/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trade Window Holdings' Return-on-Tangible-Asset compare to UBER and SHOP?
According to the Software industry distribution chart, Trade Window Holdings ranks #2576 out of 2892 companies for Return-on-Tangible-Asset. This places Trade Window Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.07. 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.07, based on 2,892 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 Trade Window Holdings and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trade Window Holdings's current Return-on-Tangible-Asset is -59.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trade Window Holdings stock overvalued right now?
Based on GuruFocus' analysis, Trade Window Holdings (ASX:TWL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.28, compared to a current price of A$0.13 — trading 53.6% below its estimated fair value. The current Return-on-Tangible-Asset is -59.80%. Trade Window Holdings' overall GF Score™ is 9/100. 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 Trade Window Holdings (ASX:TWL), the current Return-on-Tangible-Asset is -59.80% 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 Trade Window Holdings (ASX:TWL) Overvalued in 2026?
Based on GuruFocus' analysis, Trade Window Holdings stock appears to be undervalued.
The current stock price of A$0.13 is trading 53.6% below its estimated GF Value™ of A$0.28.
GuruFocus considers Trade Window Holdings to be Significantly Undervalued.
Key valuation signals for ASX:TWL:
Return-on-Tangible-Asset: -59.80%
GF Value™: A$0.28 vs. price of A$0.13 (53.6% below fair value)
No single metric tells the full story. See the ASX:TWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trade Window Holdings Ltd develops and commercializes technology solutions that provide international trade participants with a secure platform and tools to establish trust and trade globally in an efficient manner across interconnected networks. The company's platform Cube connects the commercial, financial, logistics, and government data silos that make up interanational supply chains.
9GF Score
Get the complete analysis for ASX:TWL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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