Ambu AS (CHIX:AMBUBC) Return-on-Tangible-Asset: 11.24% (As of Mar. 2026) — 18% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:AMBUBC Ambu AS CHIX:AMBUBC
79 GF Score
Price kr66.90
GF Value kr129.44
Valuation Significantly Undervalued
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What is Ambu AS Return-on-Tangible-Asset?

Ambu AS CHIX:AMBUBC 79 Return-on-Tangible-Asset is 11.24% as of Mar. 2026, which is 18% below its 10-year median of 13.71. GuruFocus rates CHIX:AMBUBC with a GF Score™ of 79/100 and a GF Value™ of kr129.44 (Significantly Undervalued). Among 856 Medical Devices & Instruments companies, Ambu AS ranks better than 86.21% 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. Ambu AS's annualized Net Income for the quarter that ended in Mar. 2026 was kr484 Mil. Ambu AS's average total tangible assets for the quarter that ended in Mar. 2026 was kr4,308 Mil. Therefore, Ambu AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.24%.

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

CHIX:AMBUBc' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.05   Med: 13.71   Max: 24.97
Current: 11.17

During the past 13 years, Ambu AS's highest Return-on-Tangible-Asset was 24.97%. The lowest was 3.05%. And the median was 13.71%.

CHIX:AMBUBc's Return-on-Tangible-Asset is ranked better than
86.21% of 856 companies
in the Medical Devices & Instruments industry
Industry Median: 0.665 vs CHIX:AMBUBc: 11.17

Ambu AS  (CHIX:AMBUBc) 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.


Ambu AS Return-on-Tangible-Asset Related Terms


Ambu AS Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Ambu AS'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.

Ambu AS Return-on-Tangible-Asset Chart

Ambu AS Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.01 3.05 4.91 6.55 14.59

Ambu AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 18.25 11.84 10.71 10.79 11.24

CHIX:AMBUBC vs ABT, SYK, MDT: Return-on-Tangible-Asset Comparison

For the Medical Devices subindustry, Ambu AS'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.


Ambu AS Return-on-Tangible-Asset vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Ambu AS's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Ambu AS's Return-on-Tangible-Asset falls into.


CHIX:AMBUBC
79GF Score
Ambu AS CHIX:AMBUBC
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ambu AS Return-on-Tangible-Asset Calculation

Ambu AS's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=609/( (3924+4426)/ 2 )
=609/4175
=14.59 %

Ambu AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=484/( (4320+4295)/ 2 )
=484/4307.5
=11.24 %

* 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 11.24% mean?
Ambu AS (CHIX:AMBUBC) has a Return-on-Tangible-Asset of 11.24% 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 Ambu AS and its competitors. This is 18% below median its historical median of 13.71. Over the past decade, Ambu AS's Return-on-Tangible-Asset has ranged from 3.05 to 24.97. According to the industry distribution chart, Ambu AS ranks #118 out of 856 companies in the Medical Devices & Instruments industry, placing it in the top 13.8%.
Is Ambu AS's Return-on-Tangible-Asset too high?
Ambu AS's current Return-on-Tangible-Asset of 11.24% is 18% below median its 10-year median of 13.71. Over the past 10 years, this metric has ranged from a low of 3.05 to a high of 24.97. The Medical Devices & Instruments industry median Return-on-Tangible-Asset is 0.67. Ambu AS's value of 11.24% is 1590.2% above this industry median. Based on the distribution chart, Ambu AS ranks #118 out of 856 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Ambu AS has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ambu AS's Return-on-Tangible-Asset compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Ambu AS ranks #118 out of 856 companies for Return-on-Tangible-Asset. This places Ambu AS in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.67. Ambu AS's value of 11.24% is 1590.2% above this benchmark. Historically, Ambu AS's own Return-on-Tangible-Asset has ranged from 3.05 to 24.97 over the past decade. While the company's 10-year median is 13.71 vs. the industry median of 0.67, Ambu AS 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Asset among Medical Devices & Instruments companies is 0.67, based on 856 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. Ambu AS's current Return-on-Tangible-Asset of 11.24% is 1590.2% 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 Ambu AS and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Asset is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ambu AS's current Return-on-Tangible-Asset is 11.24%, which is 18% below median its own 10-year median of 13.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ambu AS stock overvalued right now?
Based on GuruFocus' analysis, Ambu AS (CHIX:AMBUBC) is currently considered Significantly Undervalued. The stock's GF Value™ is kr129.44, compared to a current price of kr66.90 — trading 48.3% below its estimated fair value. The current Return-on-Tangible-Asset is 11.24%, which is 18% below median its 10-year median of 13.71 and 1590.2% above the Medical Devices & Instruments industry median of 0.67. Ambu AS's overall GF Score™ is 79/100. 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 Ambu AS (CHIX:AMBUBC), the current Return-on-Tangible-Asset is 11.24% 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.

Is Ambu AS (CHIX:AMBUBC) Overvalued in 2026?

Based on GuruFocus' analysis, Ambu AS stock appears to be undervalued. The current stock price of kr66.90 is trading 48.3% below its estimated GF Value™ of kr129.44. GuruFocus considers Ambu AS to be Significantly Undervalued.

Key valuation signals for CHIX:AMBUBC:

  • Return-on-Tangible-Asset: 11.24% (18% below median its 10-year median of 13.71)
  • GF Value™: kr129.44 vs. price of kr66.90 (48.3% below fair value)
  • GF Score™: 79/100
  • Industry Position: 1590.2% above the Medical Devices & Instruments median (#118 of 856)

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


Ambu AS Business Description

Address Baltorpbakken 13, Ballerup, DNK, DK-2750
Ambu AS provides medical technology solutions. The company's business consists of research and development of new solutions, which are then manufactured, marketed, and sold. It operates in two verticals: Endoscopy Solutions and Anesthesia & Patient Monitoring, with the majority of revenue being generated from the Endoscopy Solutions business. Geographical segments include North America, Europe, and the Rest of the World.
79GF Score

Get the complete analysis for CHIX:AMBUBC

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

kr66.90
Price
kr129.44
GF Value