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Herald Investment TrustCHIX:HRIL 43 Return-on-Tangible-Asset is 49.22% as of Jun. 2026, which is 253% above its 10-year median of 13.95. GuruFocus rates CHIX:HRIL with a GF Score™ of 43/100. The stock has 4 warning signs investors should review. Among 1,635 Asset Management companies, Herald Investment Trust ranks better than 65.26% 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. Herald Investment Trust's annualizedNet Income for the quarter that ended in Jun. 2026 was £726.4 Mil. Herald Investment Trust's average total tangible assets for the quarter that ended in Jun. 2026 was £1,475.9 Mil. Therefore, Herald Investment Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 49.22%.
The historical rank and industry rank for Herald Investment Trust's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:HRIl'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -26.43 Med: 13.95 Max: 30.84
Current: 30.51
During the past 13 years, Herald Investment Trust's highest Return-on-Tangible-Asset was 30.84%. The lowest was -26.43%. And the median was 13.95%.
CHIX:HRIl's Return-on-Tangible-Asset is ranked better than 65.26% of 1635
companies
in the Asset Management industry
Industry Median: 4.24
vs CHIX:HRIl: 30.51
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.
Herald Investment Trust Return-on-Tangible-Asset Related Terms
Herald Investment Trust Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Herald Investment Trust'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:HRIL vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Herald Investment Trust'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.
Herald Investment Trust Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Herald Investment Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Herald Investment Trust'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 49.22% mean?
Herald Investment Trust (CHIX:HRIL) has a Return-on-Tangible-Asset of 49.22% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Herald Investment Trust and its competitors. This is 253% above median its historical median of 13.95. According to the industry distribution chart, Herald Investment Trust ranks #568 out of 1635 companies in the Asset Management industry, placing it in the top 34.7%.
Is Herald Investment Trust's Return-on-Tangible-Asset too high?
Herald Investment Trust's current Return-on-Tangible-Asset of 49.22% is 253% above median its 10-year median of 13.95. The Asset Management industry median Return-on-Tangible-Asset is 4.24. Herald Investment Trust's value of 49.22% is 1060.8% above this industry median. Based on the distribution chart, Herald Investment Trust ranks #568 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, Herald Investment Trust has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Herald Investment Trust's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Herald Investment Trust ranks #568 out of 1635 companies for Return-on-Tangible-Asset. This puts Herald Investment Trust in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.24. Herald Investment Trust's value of 49.22% is 1060.8% above this benchmark. While the company's 10-year median is 13.95 vs. the industry median of 4.24, Herald Investment Trust 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 Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.24, based on 1,635 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. Herald Investment Trust's current Return-on-Tangible-Asset of 49.22% is 1060.8% 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 Herald Investment Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Herald Investment Trust's current Return-on-Tangible-Asset is 49.22%, which is 253% above median its own 10-year median of 13.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Herald Investment Trust stock overvalued right now?
Herald Investment Trust (CHIX:HRIL) has a current Return-on-Tangible-Asset of 49.22%. The current Return-on-Tangible-Asset is 49.22%, which is 253% above median its 10-year median of 13.95 and 1060.8% above the Asset Management industry median of 4.24. Herald Investment Trust's overall GF Score™ is 43/100 with 4 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 Herald Investment Trust (CHIX:HRIL), the current Return-on-Tangible-Asset is 49.22% as of Jun. 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.
Herald Investment Trust PLC is a UK-based investment trust that aims to capital appreciation through investments in smaller quoted companies in the areas of telecommunications, multimedia, and technology on a long-term basis. It focuses on a diversified portfolio that offers long-term growth potential and benchmarks its performance against the technology sector. The trust's investment portfolio includes companies that are in the business of software and computer services, technology hardware and equipment, printing and publishing, industrial sectors, support services, and others. Geographically, investments of the company are spread across the UK, North America, Japan, Asia-Pacific, Europe, the Middle East and Africa. The trust's revenue mainly consists of dividends and interest.
43GF Score
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