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Ashtead Technology HoldingsCHIX:ATL +5.28%62 Return-on-Tangible-Asset is 20.08% as of Dec. 2025, which is 41% above its 10-year median of 14.29. GuruFocus rates CHIX:ATL with a GF Score™ of 62/100 and a GF Value™ of £8.84 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,024 Oil & Gas companies, Ashtead Technology Holdings ranks better than 95.02% on this metric.
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.
Ashtead Technology Holdings Return-on-Tangible-Asset Related Terms
Ashtead Technology Holdings Return-on-Tangible-Asset Historical Data
* 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.
CHIX:ATL vs SLB, BKR, HAL: Return-on-Tangible-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, Ashtead Technology Holdings'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.
Ashtead Technology Holdings Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ashtead Technology Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ashtead Technology Holdings'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 20.08% mean?
Ashtead Technology Holdings (CHIX:ATL) has a Return-on-Tangible-Asset of 20.08% 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 Ashtead Technology Holdings and its competitors. This is 41% above median its historical median of 14.29. According to the industry distribution chart, Ashtead Technology Holdings ranks #51 out of 1024 companies in the Oil & Gas industry, placing it in the top 5%.
Is Ashtead Technology Holdings' Return-on-Tangible-Asset too high?
Ashtead Technology Holdings' current Return-on-Tangible-Asset of 20.08% is 41% above median its 10-year median of 14.29. The Oil & Gas industry median Return-on-Tangible-Asset is 2.08. Ashtead Technology Holdings' value of 20.08% is 865.4% above this industry median. Based on the distribution chart, Ashtead Technology Holdings ranks #51 out of 1024 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Ashtead Technology Holdings has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ashtead Technology Holdings' Return-on-Tangible-Asset compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Ashtead Technology Holdings ranks #51 out of 1024 companies for Return-on-Tangible-Asset. This places Ashtead Technology Holdings in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.08. Ashtead Technology Holdings' value of 20.08% is 865.4% above this benchmark. While the company's 10-year median is 14.29 vs. the industry median of 2.08, Ashtead Technology Holdings 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 an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.08, based on 1,024 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. Ashtead Technology Holdings's current Return-on-Tangible-Asset of 20.08% is 865.4% 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 Ashtead Technology Holdings and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashtead Technology Holdings's current Return-on-Tangible-Asset is 20.08%, which is 41% above median its own 10-year median of 14.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashtead Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ashtead Technology Holdings (CHIX:ATL) is currently considered Significantly Undervalued. The stock's GF Value™ is £8.84, compared to a current price of £4.29 — trading 51.5% below its estimated fair value. The current Return-on-Tangible-Asset is 20.08%, which is 41% above median its 10-year median of 14.29 and 865.4% above the Oil & Gas industry median of 2.08. Ashtead Technology Holdings' overall GF Score™ is 62/100 with 2 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 Ashtead Technology Holdings (CHIX:ATL), the current Return-on-Tangible-Asset is 20.08% 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 Ashtead Technology Holdings (CHIX:ATL) Overvalued in 2026?
Based on GuruFocus' analysis, Ashtead Technology Holdings stock appears to be undervalued.
The current stock price of £4.29 is trading 51.5% below its estimated GF Value™ of £8.84.
GuruFocus considers Ashtead Technology Holdings to be Significantly Undervalued.
Key valuation signals for CHIX:ATL:
Return-on-Tangible-Asset: 20.08% (41% above median its 10-year median of 14.29)
GF Value™: £8.84 vs. price of £4.29 (51.5% below fair value)
Industry Position: 865.4% above the Oil & Gas median (#51 of 1024)
No single metric tells the full story. See the CHIX:ATL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashtead Technology Holdings PLC is a subsea equipment rental and solutions organization supporting the installation, inspection, maintenance, repair, and decommissioning of infrastructure across the offshore energy industry. Its service offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure. The company operates in the following four geographic regions, which have been determined as the Group's reportable segments. The operations of each geographic region are similar: Europe, which generates maximum revenue, the Americas, Asia-Pacific, and the Middle East.
62GF Score
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