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Black Diamond TherapeuticsBDTX -1.65%35 Return-on-Tangible-Asset is -26.20% as of Mar. 2026. GuruFocus rates BDTX with a GF Score™ of 35/100. The stock has 2 warning signs investors should review. Among 1,416 Biotechnology companies, Black Diamond Therapeutics ranks better than 55.58% 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. Black Diamond Therapeutics's annualizedNet Income for the quarter that ended in Mar. 2026 was $-36.14 Mil. Black Diamond Therapeutics's average total tangible assets for the quarter that ended in Mar. 2026 was $137.97 Mil. Therefore, Black Diamond Therapeutics's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -26.20%.
The historical rank and industry rank for Black Diamond Therapeutics's Return-on-Tangible-Asset or its related term are showing as below:
BDTX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -57.37 Med: -43.51 Max: 16.84
Current: -27.83
During the past 9 years, Black Diamond Therapeutics's highest Return-on-Tangible-Asset was 16.84%. The lowest was -57.37%. And the median was -43.51%.
BDTX's Return-on-Tangible-Asset is ranked better than 55.58% of 1416
companies
in the Biotechnology industry
Industry Median: -35.915
vs BDTX: -27.83
Black Diamond Therapeutics (NAS:BDTX) 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.
Black Diamond Therapeutics Return-on-Tangible-Asset Related Terms
Black Diamond Therapeutics 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.
Black Diamond Therapeutics Return-on-Tangible-Asset Chart
BDTX vs CGTX, PMN, PTHS: Return-on-Tangible-Asset Comparison
For the Biotechnology subindustry, Black Diamond Therapeutics'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.
Black Diamond Therapeutics Return-on-Tangible-Asset vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Black Diamond Therapeutics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Black Diamond Therapeutics'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -26.20% mean?
Black Diamond Therapeutics (BDTX) has a Return-on-Tangible-Asset of -26.20% 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 Black Diamond Therapeutics and its competitors. According to the industry distribution chart, Black Diamond Therapeutics ranks #629 out of 1416 companies in the Biotechnology industry, placing it in the top 44.4%.
Is Black Diamond Therapeutics' Return-on-Tangible-Asset too high?
Black Diamond Therapeutics' current Return-on-Tangible-Asset is -26.20%. Based on the distribution chart, Black Diamond Therapeutics ranks #629 out of 1416 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Black Diamond Therapeutics has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Black Diamond Therapeutics' Return-on-Tangible-Asset compare to CGTX and PMN?
According to the Biotechnology industry distribution chart, Black Diamond Therapeutics ranks #629 out of 1416 companies for Return-on-Tangible-Asset. This puts Black Diamond Therapeutics in the upper half of its industry. 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 Biotechnology company?
A good Return-on-Tangible-Asset depends on the Biotechnology industry context. 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 Black Diamond Therapeutics and its competitors. Black Diamond Therapeutics's current Return-on-Tangible-Asset is -26.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Diamond Therapeutics stock overvalued right now?
Black Diamond Therapeutics (BDTX) has a current Return-on-Tangible-Asset of -26.20%. The current Return-on-Tangible-Asset is -26.20%. Black Diamond Therapeutics' overall GF Score™ is 35/100 with 2 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 Black Diamond Therapeutics (BDTX), the current Return-on-Tangible-Asset is -26.20% 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.
Black Diamond Therapeutics Inc is a clinical-stage oncology company developing MasterKey therapies that target families of oncogenic mutations in patients with cancer. The foundation of companies has been built upon a deep understanding of cancer genetics, onco-protein structure and function, and medicinal chemistry. Its clinical-stage program, silevertinib (formerly BDTX-1535), a brain-penetrant, fourth-generation epidermal growth factor receptor (EGFR) MasterKey inhibitor, is currently being studied in a Phase 2 clinical trial in patients with epidermal growth factor receptor mutant (EGFRm) non-small cell lung cancer (NSCLC). The Company manages its operations as a single operating segment and single reportable segment.
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