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Alpha Real Estate ServicesATH:ASTAK +0.63%79 Return-on-Tangible-Asset is 12.74% as of Dec. 2025, which is 456% above its 10-year median of 2.29. GuruFocus rates ATH:ASTAK with a GF Score™ of 79/100 and a GF Value™ of €12.52 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,804 Real Estate companies, Alpha Real Estate Services ranks better than 91.63% 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. Alpha Real Estate Services's annualizedNet Income for the quarter that ended in Dec. 2025 was €10.27 Mil. Alpha Real Estate Services's average total tangible assets for the quarter that ended in Dec. 2025 was €80.58 Mil. Therefore, Alpha Real Estate Services's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 12.74%.
The historical rank and industry rank for Alpha Real Estate Services's Return-on-Tangible-Asset or its related term are showing as below:
ATH:ASTAK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.87 Med: 2.29 Max: 9.68
Current: 9.38
During the past 13 years, Alpha Real Estate Services's highest Return-on-Tangible-Asset was 9.68%. The lowest was -3.87%. And the median was 2.29%.
ATH:ASTAK's Return-on-Tangible-Asset is ranked better than 91.63% of 1804
companies
in the Real Estate industry
Industry Median: 1.77
vs ATH:ASTAK: 9.38
Alpha Real Estate Services (ATH:ASTAK) 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.
Alpha Real Estate Services Return-on-Tangible-Asset Related Terms
Alpha Real Estate Services Return-on-Tangible-Asset Historical Data
* 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.
Alpha Real Estate Services Return-on-Tangible-Asset Chart
ATH:ASTAK vs CBRE, BEKE, JLL: Return-on-Tangible-Asset Comparison
For the Real Estate Services subindustry, Alpha Real Estate Services'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.
Alpha Real Estate Services Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Alpha Real Estate Services's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Alpha Real Estate Services'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 12.74% mean?
Alpha Real Estate Services (ATH:ASTAK) has a Return-on-Tangible-Asset of 12.74% 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 Alpha Real Estate Services and its competitors. This is 456% above median its historical median of 2.29. According to the industry distribution chart, Alpha Real Estate Services ranks #151 out of 1804 companies in the Real Estate industry, placing it in the top 8.4%.
Is Alpha Real Estate Services' Return-on-Tangible-Asset too high?
Alpha Real Estate Services' current Return-on-Tangible-Asset of 12.74% is 456% above median its 10-year median of 2.29. The Real Estate industry median Return-on-Tangible-Asset is 1.77. Alpha Real Estate Services' value of 12.74% is 619.8% above this industry median. Based on the distribution chart, Alpha Real Estate Services ranks #151 out of 1804 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Alpha Real Estate Services has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alpha Real Estate Services' Return-on-Tangible-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Alpha Real Estate Services ranks #151 out of 1804 companies for Return-on-Tangible-Asset. This places Alpha Real Estate Services in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.77. Alpha Real Estate Services' value of 12.74% is 619.8% above this benchmark. While the company's 10-year median is 2.29 vs. the industry median of 1.77, Alpha Real Estate Services 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.77, based on 1,804 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. Alpha Real Estate Services's current Return-on-Tangible-Asset of 12.74% is 619.8% 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 Alpha Real Estate Services and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alpha Real Estate Services's current Return-on-Tangible-Asset is 12.74%, which is 456% above median its own 10-year median of 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Real Estate Services stock overvalued right now?
Based on GuruFocus' analysis, Alpha Real Estate Services (ATH:ASTAK) is currently considered Significantly Undervalued. The stock's GF Value™ is €12.52, compared to a current price of €8.05 — trading 35.7% below its estimated fair value. The current Return-on-Tangible-Asset is 12.74%, which is 456% above median its 10-year median of 2.29 and 619.8% above the Real Estate industry median of 1.77. Alpha Real Estate Services' overall GF Score™ is 79/100 with 5 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 Alpha Real Estate Services (ATH:ASTAK), the current Return-on-Tangible-Asset is 12.74% 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 Alpha Real Estate Services (ATH:ASTAK) Overvalued in 2026?
Based on GuruFocus' analysis, Alpha Real Estate Services stock appears to be undervalued.
The current stock price of €8.05 is trading 35.7% below its estimated GF Value™ of €12.52.
GuruFocus considers Alpha Real Estate Services to be Significantly Undervalued.
Key valuation signals for ATH:ASTAK:
Return-on-Tangible-Asset: 12.74% (456% above median its 10-year median of 2.29)
GF Value™: €12.52 vs. price of €8.05 (35.7% below fair value)
Industry Position: 619.8% above the Real Estate median (#151 of 1804)
No single metric tells the full story. See the ATH:ASTAK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alpha Real Estate Services SA is engaged in the management and exploitation of properties owned by it or third parties, the provision of technical advice on related matters, the provision of real estate and brokerage services, the preparation of studies of all kinds, the provision of general advice on the above matters, the carrying out of assessments and valuations of assets and mechanical equipment and in general assessments on behalf of third parties on related matters.
79GF Score
Get the complete analysis for ATH:ASTAK
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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