Bell EquipmentBLLQF 49 Return-on-Tangible-Asset is 3.98% as of Dec. 2025, which is 12% below its 10-year median of 4.52. GuruFocus rates BLLQF with a GF Score™ of 49/100 and a GF Value™ of $1.99 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 211 Farm & Heavy Construction Machinery companies, Bell Equipment ranks better than 54.98% 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. Bell Equipment's annualizedNet Income for the quarter that ended in Dec. 2025 was $20.1 Mil. Bell Equipment's average total tangible assets for the quarter that ended in Dec. 2025 was $506.0 Mil. Therefore, Bell Equipment's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.98%.
The historical rank and industry rank for Bell Equipment's Return-on-Tangible-Asset or its related term are showing as below:
BLLQF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.98 Med: 4.52 Max: 8.19
Current: 4.38
During the past 13 years, Bell Equipment's highest Return-on-Tangible-Asset was 8.19%. The lowest was -0.98%. And the median was 4.52%.
BLLQF's Return-on-Tangible-Asset is ranked better than 54.98% of 211
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 4.01
vs BLLQF: 4.38
Bell Equipment (OTCPK:BLLQF) 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.
Bell Equipment Return-on-Tangible-Asset Related Terms
Bell Equipment Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Bell Equipment'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.
BLLQF vs CAT, DE, PCAR: Return-on-Tangible-Asset Comparison
For the Farm & Heavy Construction Machinery subindustry, Bell Equipment'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.
Bell Equipment Return-on-Tangible-Asset vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Bell Equipment's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bell Equipment'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 3.98% mean?
Bell Equipment (BLLQF) has a Return-on-Tangible-Asset of 3.98% 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 Bell Equipment and its competitors. This is 12% below median its historical median of 4.52. According to the industry distribution chart, Bell Equipment ranks #95 out of 211 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 45%.
Is Bell Equipment's Return-on-Tangible-Asset too high?
Bell Equipment's current Return-on-Tangible-Asset of 3.98% is 12% below median its 10-year median of 4.52. The Farm & Heavy Construction Machinery industry median Return-on-Tangible-Asset is 4.01. Bell Equipment's value of 3.98% is 0.7% below this industry median. Based on the distribution chart, Bell Equipment ranks #95 out of 211 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Bell Equipment has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bell Equipment's Return-on-Tangible-Asset compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Bell Equipment ranks #95 out of 211 companies for Return-on-Tangible-Asset. This puts Bell Equipment in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.01. Bell Equipment's value of 3.98% is 0.7% below this benchmark. While the company's 10-year median is 4.52 vs. the industry median of 4.01, Bell Equipment has consistently been below 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 Farm & Heavy Construction Machinery company?
The median Return-on-Tangible-Asset among Farm & Heavy Construction Machinery companies is 4.01, based on 211 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. Bell Equipment's current Return-on-Tangible-Asset of 3.98% is 0.7% below 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 Bell Equipment and its competitors. For the Farm & Heavy Construction Machinery industry, the median Return-on-Tangible-Asset is 4.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bell Equipment's current Return-on-Tangible-Asset is 3.98%, which is 12% below median its own 10-year median of 4.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bell Equipment stock overvalued right now?
Based on GuruFocus' analysis, Bell Equipment (BLLQF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.99, compared to a current price of $2.30 — trading 15.6% above its estimated fair value. The current Return-on-Tangible-Asset is 3.98%, which is 12% below median its 10-year median of 4.52 and 0.7% below the Farm & Heavy Construction Machinery industry median of 4.01. Bell Equipment's overall GF Score™ is 49/100 with 3 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 Bell Equipment (BLLQF), the current Return-on-Tangible-Asset is 3.98% 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 Bell Equipment (BLLQF) Overvalued in 2026?
Based on GuruFocus' analysis, Bell Equipment stock appears to be overvalued.
The current stock price of $2.30 is trading 15.6% above its estimated GF Value™ of $1.99.
GuruFocus considers Bell Equipment to be Significantly Overvalued.
Key valuation signals for BLLQF:
Return-on-Tangible-Asset: 3.98% (12% below median its 10-year median of 4.52)
GF Value™: $1.99 vs. price of $2.30 (15.6% above fair value)
Industry Position: 0.7% below the Farm & Heavy Construction Machinery median (#95 of 211)
No single metric tells the full story. See the BLLQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bell Equipment Ltd designs and manufactures a wide Collection of products. This includes a complete range of Bell forestry and agriculture products. It seeks to develop and support local suppliers and invests in outreach initiatives with a focus on education, training, and development both internally and externally. It conducts two main business operations Manufacturing, assembly, logistics and dealer sales operations which is OEM operations comprising manufacturing, assembly and sales of equipment and aftermarket products to independent dealers for their distribution to market; and Direct Sales operations which is owned distribution operations for direct sales of own manufactured products, other third party products and the supply of aftermarket support and products to market.
49GF Score
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