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Budapest Stock ExchangeBUD:BET +0.85%18 Return-on-Tangible-Asset is 17.56% as of Mar. 2026, which is 20% below its 10-year median of 21.91. GuruFocus rates BUD:BET with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 814 Capital Markets companies, Budapest Stock Exchange ranks better than 97.42% 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. Budapest Stock Exchange's annualizedNet Income for the quarter that ended in Mar. 2026 was Ft6,556 Mil. Budapest Stock Exchange's average total tangible assets for the quarter that ended in Mar. 2026 was Ft37,341 Mil. Therefore, Budapest Stock Exchange's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 17.56%.
The historical rank and industry rank for Budapest Stock Exchange's Return-on-Tangible-Asset or its related term are showing as below:
BUD:BET'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.16 Med: 21.91 Max: 29.4
Current: 29.4
During the past 6 years, Budapest Stock Exchange's highest Return-on-Tangible-Asset was 29.40%. The lowest was -1.16%. And the median was 21.91%.
BUD:BET's Return-on-Tangible-Asset is ranked better than 97.42% of 814
companies
in the Capital Markets industry
Industry Median: 1.57
vs BUD:BET: 29.40
Budapest Stock Exchange (BUD:BET) 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.
Budapest Stock Exchange Return-on-Tangible-Asset Related Terms
Budapest Stock Exchange Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Budapest Stock Exchange'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.
Budapest Stock Exchange Return-on-Tangible-Asset Chart
BUD:BET vs SPGI, CME, ICE: Return-on-Tangible-Asset Comparison
For the Financial Data & Stock Exchanges subindustry, Budapest Stock Exchange'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.
Budapest Stock Exchange Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Budapest Stock Exchange's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Budapest Stock Exchange'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 17.56% mean?
Budapest Stock Exchange (BUD:BET) has a Return-on-Tangible-Asset of 17.56% 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 Budapest Stock Exchange and its competitors. This is 20% below median its historical median of 21.91. According to the industry distribution chart, Budapest Stock Exchange ranks #21 out of 814 companies in the Capital Markets industry, placing it in the top 2.6%.
Is Budapest Stock Exchange's Return-on-Tangible-Asset too high?
Budapest Stock Exchange's current Return-on-Tangible-Asset of 17.56% is 20% below median its 10-year median of 21.91. The Capital Markets industry median Return-on-Tangible-Asset is 1.57. Budapest Stock Exchange's value of 17.56% is 1018.5% above this industry median. Based on the distribution chart, Budapest Stock Exchange ranks #21 out of 814 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Budapest Stock Exchange has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Budapest Stock Exchange's Return-on-Tangible-Asset compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Budapest Stock Exchange ranks #21 out of 814 companies for Return-on-Tangible-Asset. This places Budapest Stock Exchange in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.57. Budapest Stock Exchange's value of 17.56% is 1018.5% above this benchmark. While the company's 10-year median is 21.91 vs. the industry median of 1.57, Budapest Stock Exchange 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.57, based on 814 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. Budapest Stock Exchange's current Return-on-Tangible-Asset of 17.56% is 1018.5% 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 Budapest Stock Exchange and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Budapest Stock Exchange's current Return-on-Tangible-Asset is 17.56%, which is 20% below median its own 10-year median of 21.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Budapest Stock Exchange stock overvalued right now?
Budapest Stock Exchange (BUD:BET) has a current Return-on-Tangible-Asset of 17.56%. The current Return-on-Tangible-Asset is 17.56%, which is 20% below median its 10-year median of 21.91 and 1018.5% above the Capital Markets industry median of 1.57. Budapest Stock Exchange's overall GF Score™ is 18/100 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 Budapest Stock Exchange (BUD:BET), the current Return-on-Tangible-Asset is 17.56% 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.
Budapest Stock Exchange PLC is engaged in the money and capital markets in Hungary. The Company provides corporations with opportunities to raise capital and offers investors a wide range of investment instruments. Its activities include listing services, trading services, dissemination of market information, and product development. The Company is a central player in the domestic money and capital market, providing financial resources to companies and promoting their development through financing via the capital sector, while enabling investors to participate in the growth of Hungarian companies and the domestic economy.
18GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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