Ferronordic ABCHIX:FNMS 83 Return-on-Tangible-Asset is 3.17% as of Mar. 2026, which is 68% below its 10-year median of 9.79. GuruFocus rates CHIX:FNMS with a GF Score™ of 83/100 and a GF Value™ of kr47.51. The stock has 7 warning signs investors should review. Among 156 Industrial Distribution companies, Ferronordic AB ranks worse than 83.97% 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. Ferronordic AB's annualizedNet Income for the quarter that ended in Mar. 2026 was kr128 Mil. Ferronordic AB's average total tangible assets for the quarter that ended in Mar. 2026 was kr4,039 Mil. Therefore, Ferronordic AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.17%.
The historical rank and industry rank for Ferronordic AB's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:FNMs'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.7 Med: 9.79 Max: 13.36
Current: -0.42
During the past 13 years, Ferronordic AB's highest Return-on-Tangible-Asset was 13.36%. The lowest was -4.70%. And the median was 9.79%.
CHIX:FNMs's Return-on-Tangible-Asset is ranked worse than 83.97% of 156
companies
in the Industrial Distribution industry
Industry Median: 4.245
vs CHIX:FNMs: -0.42
Ferronordic AB (CHIX:FNMs) 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.
Ferronordic AB Return-on-Tangible-Asset Related Terms
Ferronordic AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ferronordic AB'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.
CHIX:FNMS vs GWW, FAST, FERG: Return-on-Tangible-Asset Comparison
For the Industrial Distribution subindustry, Ferronordic AB'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.
Ferronordic AB Return-on-Tangible-Asset vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Ferronordic AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ferronordic AB'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 3.17% mean?
Ferronordic AB (CHIX:FNMS) has a Return-on-Tangible-Asset of 3.17% 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 Ferronordic AB and its competitors. This is 68% below median its historical median of 9.79. According to the industry distribution chart, Ferronordic AB ranks #131 out of 156 companies in the Industrial Distribution industry, placing it in the top 84%.
Is Ferronordic AB's Return-on-Tangible-Asset too high?
Ferronordic AB's current Return-on-Tangible-Asset of 3.17% is 68% below median its 10-year median of 9.79. The Industrial Distribution industry median Return-on-Tangible-Asset is 4.25. Ferronordic AB's value of 3.17% is 25.3% below this industry median. Based on the distribution chart, Ferronordic AB ranks #131 out of 156 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Ferronordic AB has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Ferronordic AB's Return-on-Tangible-Asset compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Ferronordic AB ranks #131 out of 156 companies for Return-on-Tangible-Asset. This places Ferronordic AB in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.25. Ferronordic AB's value of 3.17% is 25.3% below this benchmark. While the company's 10-year median is 9.79 vs. the industry median of 4.25, Ferronordic AB has consistently been below 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 Industrial Distribution company?
The median Return-on-Tangible-Asset among Industrial Distribution companies is 4.25, based on 156 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. Ferronordic AB's current Return-on-Tangible-Asset of 3.17% is 25.3% below 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 Ferronordic AB and its competitors. For the Industrial Distribution industry, the median Return-on-Tangible-Asset is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferronordic AB's current Return-on-Tangible-Asset is 3.17%, which is 68% below median its own 10-year median of 9.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferronordic AB stock overvalued right now?
Ferronordic AB (CHIX:FNMS) has a current Return-on-Tangible-Asset of 3.17%. The stock's GF Value™ is kr47.51, compared to a current price of kr45.90 — trading 3.4% below its estimated fair value. The current Return-on-Tangible-Asset is 3.17%, which is 68% below median its 10-year median of 9.79 and 25.3% below the Industrial Distribution industry median of 4.25. Ferronordic AB's overall GF Score™ is 83/100 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 Ferronordic AB (CHIX:FNMS), the current Return-on-Tangible-Asset is 3.17% 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 Ferronordic AB (CHIX:FNMS) Overvalued in 2026?
Based on GuruFocus' analysis, Ferronordic AB stock appears to be undervalued.
The current stock price of kr45.90 is trading 3.4% below its estimated GF Value™ of kr47.51.
Key valuation signals for CHIX:FNMS:
Return-on-Tangible-Asset: 3.17% (68% below median its 10-year median of 9.79)
GF Value™: kr47.51 vs. price of kr45.90 (3.4% below fair value)
Industry Position: 25.3% below the Industrial Distribution median (#131 of 156)
No single metric tells the full story. See the CHIX:FNMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ferronordic AB is engaged in the sales, rents, and services of construction equipment and other machinery. The company is an authorized dealer of Volvo Construction Equipment, Terex Trucks, Dressta, Mecalac, and Rottne and has also been appointed as an aftermarket dealer for Volvo and Renault Trucks and a dealer for Volvo Penta. The group has three reporting segments: USA, Germany and Kazakhstan. The majority of the revenue is generated from the USA segment.
83GF Score
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