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.
Ble Kedros REICATH:BLEKEDROS 86 Return-on-Tangible-Asset is 12.41% as of Dec. 2025, which is 54% above its 10-year median of 8.06. GuruFocus rates ATH:BLEKEDROS with a GF Score™ of 86/100 and a GF Value™ of €5.18 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 934 REITs companies, Ble Kedros REIC ranks better than 83.62% 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. Ble Kedros REIC's annualizedNet Income for the quarter that ended in Dec. 2025 was €18.18 Mil. Ble Kedros REIC's average total tangible assets for the quarter that ended in Dec. 2025 was €146.52 Mil. Therefore, Ble Kedros REIC's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 12.41%.
The historical rank and industry rank for Ble Kedros REIC's Return-on-Tangible-Asset or its related term are showing as below:
ATH:BLEKEDROS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.07 Med: 8.06 Max: 33.26
Current: 9.22
During the past 8 years, Ble Kedros REIC's highest Return-on-Tangible-Asset was 33.26%. The lowest was -3.07%. And the median was 8.06%.
ATH:BLEKEDROS's Return-on-Tangible-Asset is ranked better than 83.62% of 934
companies
in the REITs industry
Industry Median: 3.265
vs ATH:BLEKEDROS: 9.22
Ble Kedros REIC (ATH:BLEKEDROS) 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.
Ble Kedros REIC Return-on-Tangible-Asset Related Terms
Ble Kedros REIC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ble Kedros REIC'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.
ATH:BLEKEDROS vs HST, RHP, APLE: Return-on-Tangible-Asset Comparison
For the REIT - Hotel & Motel subindustry, Ble Kedros REIC'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.
Ble Kedros REIC Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Ble Kedros REIC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ble Kedros REIC'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 12.41% mean?
Ble Kedros REIC (ATH:BLEKEDROS) has a Return-on-Tangible-Asset of 12.41% 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 Ble Kedros REIC and its competitors. This is 54% above median its historical median of 8.06. According to the industry distribution chart, Ble Kedros REIC ranks #153 out of 934 companies in the REITs industry, placing it in the top 16.4%.
Is Ble Kedros REIC's Return-on-Tangible-Asset too high?
Ble Kedros REIC's current Return-on-Tangible-Asset of 12.41% is 54% above median its 10-year median of 8.06. The REITs industry median Return-on-Tangible-Asset is 3.27. Ble Kedros REIC's value of 12.41% is 280.1% above this industry median. Based on the distribution chart, Ble Kedros REIC ranks #153 out of 934 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Ble Kedros REIC has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ble Kedros REIC's Return-on-Tangible-Asset compare to HST and RHP?
According to the REITs industry distribution chart, Ble Kedros REIC ranks #153 out of 934 companies for Return-on-Tangible-Asset. This places Ble Kedros REIC in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.27. Ble Kedros REIC's value of 12.41% is 280.1% above this benchmark. While the company's 10-year median is 8.06 vs. the industry median of 3.27, Ble Kedros REIC 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 934 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. Ble Kedros REIC's current Return-on-Tangible-Asset of 12.41% is 280.1% 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 Ble Kedros REIC and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ble Kedros REIC's current Return-on-Tangible-Asset is 12.41%, which is 54% above median its own 10-year median of 8.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ble Kedros REIC stock overvalued right now?
Based on GuruFocus' analysis, Ble Kedros REIC (ATH:BLEKEDROS) is currently considered Modestly Undervalued. The stock's GF Value™ is €5.18, compared to a current price of €4.47 — trading 13.7% below its estimated fair value. The current Return-on-Tangible-Asset is 12.41%, which is 54% above median its 10-year median of 8.06 and 280.1% above the REITs industry median of 3.27. Ble Kedros REIC's overall GF Score™ is 86/100 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 Ble Kedros REIC (ATH:BLEKEDROS), the current Return-on-Tangible-Asset is 12.41% 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 Ble Kedros REIC (ATH:BLEKEDROS) Overvalued in 2026?
Based on GuruFocus' analysis, Ble Kedros REIC stock appears to be undervalued.
The current stock price of €4.47 is trading 13.7% below its estimated GF Value™ of €5.18.
GuruFocus considers Ble Kedros REIC to be Modestly Undervalued.
Key valuation signals for ATH:BLEKEDROS:
Return-on-Tangible-Asset: 12.41% (54% above median its 10-year median of 8.06)
GF Value™: €5.18 vs. price of €4.47 (13.7% below fair value)
Industry Position: 280.1% above the REITs median (#153 of 934)
No single metric tells the full story. See the ATH:BLEKEDROS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ble Kedros REIC operates as a Real Estate Investment Company (REIC). It operates in the field of real estate investment, development, and management. Its aim is to create a real estate portfolio that generates consistently high returns and generates stable cash inflows, It invests in commercial real estate which may be utilized immediately such as stores, offices, and industrial buildings, as well as assets for the future development such as plots of land.
86GF Score
Get the complete analysis for ATH:BLEKEDROS
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
ATH:BLEKEDROS has been successfully added to your 
