Thessaloniki Port Authority (ATH:OLTH) Return-on-Tangible-Asset: 10.92% (As of Dec. 2025) — 28% Above Median


ATH:OLTH Thessaloniki Port Authority SA ATH:OLTH
92 GF Score
Price €38.50
GF Value €31.63
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Thessaloniki Port Authority Return-on-Tangible-Asset?

Thessaloniki Port Authority ATH:OLTH -0.26% 92 Return-on-Tangible-Asset is 10.92% as of Dec. 2025, which is 28% above its 10-year median of 8.50. GuruFocus rates ATH:OLTH with a GF Score™ of 92/100 and a GF Value™ of €31.63 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,008 Transportation companies, Thessaloniki Port Authority ranks better than 88.39% 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. Thessaloniki Port Authority's annualized Net Income for the quarter that ended in Dec. 2025 was €29.8 Mil. Thessaloniki Port Authority's average total tangible assets for the quarter that ended in Dec. 2025 was €272.5 Mil. Therefore, Thessaloniki Port Authority's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 10.92%.

The historical rank and industry rank for Thessaloniki Port Authority's Return-on-Tangible-Asset or its related term are showing as below:

ATH:OLTH' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.76   Med: 8.5   Max: 11.33
Current: 11.33

During the past 13 years, Thessaloniki Port Authority's highest Return-on-Tangible-Asset was 11.33%. The lowest was 4.76%. And the median was 8.50%.

ATH:OLTH's Return-on-Tangible-Asset is ranked better than
88.39% of 1008 companies
in the Transportation industry
Industry Median: 3.78 vs ATH:OLTH: 11.33

Thessaloniki Port Authority  (ATH:OLTH) 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 company’s 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 company’s 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.


Thessaloniki Port Authority Return-on-Tangible-Asset Related Terms


Thessaloniki Port Authority Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Thessaloniki Port Authority'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.

Thessaloniki Port Authority Return-on-Tangible-Asset Chart

Thessaloniki Port Authority Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.27 7.59 8.15 10.78 11.23

Thessaloniki Port Authority Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.75 10.89 11.03 11.86 10.92

Thessaloniki Port Authority Return-on-Tangible-Asset Competitor Comparison

For the Marine Shipping subindustry, Thessaloniki Port Authority'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.


Thessaloniki Port Authority Return-on-Tangible-Asset vs Transportation Industry

For the Transportation industry and Industrials sector, Thessaloniki Port Authority's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Thessaloniki Port Authority's Return-on-Tangible-Asset falls into.


ATH:OLTH
92GF Score
Thessaloniki Port Authority SA ATH:OLTH
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thessaloniki Port Authority Return-on-Tangible-Asset Calculation

Thessaloniki Port Authority's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=30.799/( (270.24+278.435)/ 2 )
=30.799/274.3375
=11.23 %

Thessaloniki Port Authority's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=29.752/( (266.638+278.435)/ 2 )
=29.752/272.5365
=10.92 %

* 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 10.92% mean?
Thessaloniki Port Authority (ATH:OLTH) has a Return-on-Tangible-Asset of 10.92% 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 Thessaloniki Port Authority and its competitors. This is 28% above median its historical median of 8.50. Over the past decade, Thessaloniki Port Authority's Return-on-Tangible-Asset has ranged from 4.76 to 11.33. According to the industry distribution chart, Thessaloniki Port Authority ranks #117 out of 1008 companies in the Transportation industry, placing it in the top 11.6%.
Is Thessaloniki Port Authority's Return-on-Tangible-Asset too high?
Thessaloniki Port Authority's current Return-on-Tangible-Asset of 10.92% is 28% above median its 10-year median of 8.50. Over the past 10 years, this metric has ranged from a low of 4.76 to a high of 11.33. The Transportation industry median Return-on-Tangible-Asset is 3.78. Thessaloniki Port Authority's value of 10.92% is 188.9% above this industry median. Based on the distribution chart, Thessaloniki Port Authority ranks #117 out of 1008 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Thessaloniki Port Authority has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thessaloniki Port Authority's Return-on-Tangible-Asset compare to competitors?
According to the Transportation industry distribution chart, Thessaloniki Port Authority ranks #117 out of 1008 companies for Return-on-Tangible-Asset. This places Thessaloniki Port Authority in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.78. Thessaloniki Port Authority's value of 10.92% is 188.9% above this benchmark. Historically, Thessaloniki Port Authority's own Return-on-Tangible-Asset has ranged from 4.76 to 11.33 over the past decade. While the company's 10-year median is 8.50 vs. the industry median of 3.78, Thessaloniki Port Authority 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.78, based on 1,008 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. Thessaloniki Port Authority's current Return-on-Tangible-Asset of 10.92% is 188.9% 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 Thessaloniki Port Authority and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thessaloniki Port Authority's current Return-on-Tangible-Asset is 10.92%, which is 28% above median its own 10-year median of 8.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thessaloniki Port Authority stock overvalued right now?
Based on GuruFocus' analysis, Thessaloniki Port Authority (ATH:OLTH) is currently considered Modestly Overvalued. The stock's GF Value™ is €31.63, compared to a current price of €38.50 — trading 21.7% above its estimated fair value. The current Return-on-Tangible-Asset is 10.92%, which is 28% above median its 10-year median of 8.50 and 188.9% above the Transportation industry median of 3.78. Thessaloniki Port Authority's overall GF Score™ is 92/100 with 4 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 Thessaloniki Port Authority (ATH:OLTH), the current Return-on-Tangible-Asset is 10.92% 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 Thessaloniki Port Authority (ATH:OLTH) Overvalued in 2026?

Based on GuruFocus' analysis, Thessaloniki Port Authority stock appears to be overvalued. The current stock price of €38.50 is trading 21.7% above its estimated GF Value™ of €31.63. GuruFocus considers Thessaloniki Port Authority to be Modestly Overvalued.

Key valuation signals for ATH:OLTH:

  • Return-on-Tangible-Asset: 10.92% (28% above median its 10-year median of 8.50)
  • GF Value™: €31.63 vs. price of €38.50 (21.7% above fair value)
  • GF Score™: 92/100 with 4 warning signs
  • Industry Position: 188.9% above the Transportation median (#117 of 1008)

No single metric tells the full story. See the ATH:OLTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thessaloniki Port Authority Business Description

Other Exchanges 03P:Germany
Address Pier No 1, Port of Thessaloniki, Thessaloniki, GRC, 54625
Thessaloniki Port Authority SA operates in the sector of auxiliary activities related to transportation, providing services at the Port of Thessaloniki, including loading and unloading of cargo, storage, port services and passenger traffic. Its business activities include services for unitized cargoes (containers), conventional cargoes (bulk, general and RO-RO), coastal and cruise passengers, vessels (anchoring, mooring, berthing and other services), users of port and non-port facilities including car parking operations, and intermodal transport services (dry-port) through the Company and its subsidiary ThPA Sofia EAD. The Company's operating segments are Container Terminal, Conventional Cargo, Passenger Traffic, Exploitation of Sites and Intermodal.
92GF Score

Get the complete analysis for ATH:OLTH

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€38.50
Price
€31.63
GF Value