Bytes Technology GroupBYITY -7.06%66 Return-on-Tangible-Asset is 11.14% as of Feb. 2026, which is 26% below its 10-year median of 15.15. GuruFocus rates BYITY with a GF Score™ of 66/100 and a GF Value™ of $13.31 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,883 Software companies, Bytes Technology Group ranks better than 82.73% 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. Bytes Technology Group's annualizedNet Income for the quarter that ended in Feb. 2026 was $60.5 Mil. Bytes Technology Group's average total tangible assets for the quarter that ended in Feb. 2026 was $542.6 Mil. Therefore, Bytes Technology Group's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 11.14%.
The historical rank and industry rank for Bytes Technology Group's Return-on-Tangible-Asset or its related term are showing as below:
BYITY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 12.15 Med: 15.15 Max: 20.26
Current: 12.67
During the past 9 years, Bytes Technology Group's highest Return-on-Tangible-Asset was 20.26%. The lowest was 12.15%. And the median was 15.15%.
BYITY's Return-on-Tangible-Asset is ranked better than 82.73% of 2883
companies
in the Software industry
Industry Median: 2.02
vs BYITY: 12.67
Bytes Technology Group (OTCPK:BYITY) 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.
Bytes Technology Group Return-on-Tangible-Asset Related Terms
Bytes Technology Group Return-on-Tangible-Asset Historical Data
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The historical data trend for Bytes Technology Group'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.
Bytes Technology Group Return-on-Tangible-Asset Chart
BYITY vs MSFT, ORCL, PLTR: Return-on-Tangible-Asset Comparison
For the Software - Infrastructure subindustry, Bytes Technology Group'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.
Bytes Technology Group Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Bytes Technology Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bytes Technology Group'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 (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.14% mean?
Bytes Technology Group (BYITY) has a Return-on-Tangible-Asset of 11.14% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Bytes Technology Group and its competitors. This is 26% below median its historical median of 15.15. Over the past decade, Bytes Technology Group's Return-on-Tangible-Asset has ranged from 12.15 to 20.26. According to the industry distribution chart, Bytes Technology Group ranks #498 out of 2883 companies in the Software industry, placing it in the top 17.3%.
Is Bytes Technology Group's Return-on-Tangible-Asset too high?
Bytes Technology Group's current Return-on-Tangible-Asset of 11.14% is 26% below median its 10-year median of 15.15. Over the past 10 years, this metric has ranged from a low of 12.15 to a high of 20.26. The Software industry median Return-on-Tangible-Asset is 2.02. Bytes Technology Group's value of 11.14% is 451.5% above this industry median. Based on the distribution chart, Bytes Technology Group ranks #498 out of 2883 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Bytes Technology Group has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bytes Technology Group's Return-on-Tangible-Asset compare to MSFT and ORCL?
According to the Software industry distribution chart, Bytes Technology Group ranks #498 out of 2883 companies for Return-on-Tangible-Asset. This places Bytes Technology Group in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.02. Bytes Technology Group's value of 11.14% is 451.5% above this benchmark. Historically, Bytes Technology Group's own Return-on-Tangible-Asset has ranged from 12.15 to 20.26 over the past decade. While the company's 10-year median is 15.15 vs. the industry median of 2.02, Bytes Technology Group 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.02, based on 2,883 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. Bytes Technology Group's current Return-on-Tangible-Asset of 11.14% is 451.5% 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 Bytes Technology Group and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bytes Technology Group's current Return-on-Tangible-Asset is 11.14%, which is 26% below median its own 10-year median of 15.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bytes Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Bytes Technology Group (BYITY) is currently considered Significantly Undervalued. The stock's GF Value™ is $13.31, compared to a current price of $9.88 — trading 25.8% below its estimated fair value. The current Return-on-Tangible-Asset is 11.14%, which is 26% below median its 10-year median of 15.15 and 451.5% above the Software industry median of 2.02. Bytes Technology Group's overall GF Score™ is 66/100 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 Bytes Technology Group (BYITY), the current Return-on-Tangible-Asset is 11.14% as of Feb. 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.
Is Bytes Technology Group (BYITY) Overvalued in 2026?
Based on GuruFocus' analysis, Bytes Technology Group stock appears to be undervalued.
The current stock price of $9.88 is trading 25.8% below its estimated GF Value™ of $13.31.
GuruFocus considers Bytes Technology Group to be Significantly Undervalued.
Key valuation signals for BYITY:
Return-on-Tangible-Asset: 11.14% (26% below median its 10-year median of 15.15)
GF Value™: $13.31 vs. price of $9.88 (25.8% below fair value)
Industry Position: 451.5% above the Software median (#498 of 2883)
No single metric tells the full story. See the BYITY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bytes Technology Group PLC is one of the UK's heading providers of IT software offerings and solutions, with a focus on cloud and security products. The Group enables effective and cost-efficient technology sourcing, adoption and management across software services, including in the areas of security and cloud. The company has only one reportable segment. The company's products are Software, Hardware, Services internal, and Services external. The company has presence in United Kingdom, Europe, Rest of world. The company generates majority of revenue from United Kingdom.
66GF Score
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