ASOS (CHIX:ASCL) Return-on-Tangible-Asset: -23.44% (As of Feb. 2026)


CHIX:ASCL ASOS PLC CHIX:ASCL
54 GF Score
Price £3.19
GF Value £2.39
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is ASOS Return-on-Tangible-Asset?

ASOS CHIX:ASCL -4.07% 54 Return-on-Tangible-Asset is -23.44% as of Feb. 2026. GuruFocus rates CHIX:ASCL with a GF Score™ of 54/100 and a GF Value™ of £2.39 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,126 Retail - Cyclical companies, ASOS ranks worse than 93.52% 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. ASOS's annualized Net Income for the quarter that ended in Feb. 2026 was £-263 Mil. ASOS's average total tangible assets for the quarter that ended in Feb. 2026 was £1,120 Mil. Therefore, ASOS's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was -23.44%.

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

CHIX:ASCl' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.19   Med: 4.08   Max: 11.68
Current: -19.99

During the past 13 years, ASOS's highest Return-on-Tangible-Asset was 11.68%. The lowest was -20.19%. And the median was 4.08%.

CHIX:ASCl's Return-on-Tangible-Asset is ranked worse than
93.52% of 1126 companies
in the Retail - Cyclical industry
Industry Median: 2.93 vs CHIX:ASCl: -19.99

ASOS  (CHIX:ASCl) 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.


ASOS Return-on-Tangible-Asset Related Terms


ASOS Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for ASOS'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.

ASOS Return-on-Tangible-Asset Chart

ASOS Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.63 -1.36 -10.53 -18.40 -20.19

ASOS Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 -27.30 -11.25 -26.68 -16.45 -23.44

CHIX:ASCL vs AMZN, BABA, PDD: Return-on-Tangible-Asset Comparison

For the Internet Retail subindustry, ASOS'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.


ASOS Return-on-Tangible-Asset vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, ASOS's Return-on-Tangible-Asset distribution charts can be found below:

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


CHIX:ASCL
54GF Score
ASOS PLC CHIX:ASCL
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASOS Return-on-Tangible-Asset Calculation

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=-298.4/( (1757.2+1198.5)/ 2 )
=-298.4/1477.85
=-20.19 %

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=-262.6/( (1198.5+1042.4)/ 2 )
=-262.6/1120.45
=-23.44 %

* 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 -23.44% mean?
ASOS (CHIX:ASCL) has a Return-on-Tangible-Asset of -23.44% 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 ASOS and its competitors. According to the industry distribution chart, ASOS ranks #1053 out of 1126 companies in the Retail - Cyclical industry, placing it in the top 93.5%.
Is ASOS's Return-on-Tangible-Asset too high?
ASOS's current Return-on-Tangible-Asset is -23.44%. Based on the distribution chart, ASOS ranks #1053 out of 1126 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, ASOS has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASOS's Return-on-Tangible-Asset compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, ASOS ranks #1053 out of 1126 companies for Return-on-Tangible-Asset. This places ASOS in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.93. 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.93, based on 1,126 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. 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 ASOS and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASOS's current Return-on-Tangible-Asset is -23.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASOS stock overvalued right now?
Based on GuruFocus' analysis, ASOS (CHIX:ASCL) is currently considered Significantly Overvalued. The stock's GF Value™ is £2.39, compared to a current price of £3.19 — trading 33.3% above its estimated fair value. The current Return-on-Tangible-Asset is -23.44%. ASOS's overall GF Score™ is 54/100 with 7 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 ASOS (CHIX:ASCL), the current Return-on-Tangible-Asset is -23.44% 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 ASOS (CHIX:ASCL) Overvalued in 2026?

Based on GuruFocus' analysis, ASOS stock appears to be overvalued. The current stock price of £3.19 is trading 33.3% above its estimated GF Value™ of £2.39. GuruFocus considers ASOS to be Significantly Overvalued.

Key valuation signals for CHIX:ASCL:

  • Return-on-Tangible-Asset: -23.44%
  • GF Value™: £2.39 vs. price of £3.19 (33.3% above fair value)
  • GF Score™: 54/100 with 7 warning signs

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


ASOS Business Description

Address Hampstead Road, Greater London House, London, GBR, NW1 7FB
Asos is a global e-commerce player focusing on fashion and cosmetics and targeting the youth segment (20-somethings) globally. Of its revenue, 45% comes from its UK home market, 30% from other European Union countries, 13% from the United States, 12% from the rest of the world. The company ships to 240 countries from its three warehouses located in the UK, continental Europe, and the United States. It offers over 85 000 products on its website from third-party brands and its own labels.
54GF Score

Get the complete analysis for CHIX:ASCL

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

£3.19
Price
£2.39
GF Value