Karnov Group ABCHIX:KARS 75 Return-on-Tangible-Asset is 13.05% as of Mar. 2026, which is 404% above its 10-year median of 2.59. GuruFocus rates CHIX:KARS with a GF Score™ of 75/100 and a GF Value™ of kr117.71 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,097 Business Services companies, Karnov Group AB ranks better than 99.82% 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. Karnov Group AB's annualizedNet Income for the quarter that ended in Mar. 2026 was kr235 Mil. Karnov Group AB's average total tangible assets for the quarter that ended in Mar. 2026 was kr1,799 Mil. Therefore, Karnov Group AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 13.05%.
The historical rank and industry rank for Karnov Group AB's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:KARs'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -30.84 Med: 2.59 Max: 66.98
Current: 66.98
During the past 10 years, Karnov Group AB's highest Return-on-Tangible-Asset was 66.98%. The lowest was -30.84%. And the median was 2.59%.
CHIX:KARs's Return-on-Tangible-Asset is ranked better than 99.82% of 1097
companies
in the Business Services industry
Industry Median: 3.94
vs CHIX:KARs: 66.98
Karnov Group AB (CHIX:KARs) 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.
Karnov Group AB Return-on-Tangible-Asset Related Terms
Karnov Group AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Karnov Group 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:KARS vs CTAS, CPRT, ULS: Return-on-Tangible-Asset Comparison
For the Specialty Business Services subindustry, Karnov Group 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.
Karnov Group AB Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Karnov Group AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Karnov Group 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 13.05% mean?
Karnov Group AB (CHIX:KARS) has a Return-on-Tangible-Asset of 13.05% 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 Karnov Group AB and its competitors. This is 404% above median its historical median of 2.59. According to the industry distribution chart, Karnov Group AB ranks #2 out of 1097 companies in the Business Services industry, placing it in the top 0.2%.
Is Karnov Group AB's Return-on-Tangible-Asset too high?
Karnov Group AB's current Return-on-Tangible-Asset of 13.05% is 404% above median its 10-year median of 2.59. The Business Services industry median Return-on-Tangible-Asset is 3.94. Karnov Group AB's value of 13.05% is 231.2% above this industry median. Based on the distribution chart, Karnov Group AB ranks #2 out of 1097 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Karnov Group AB has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Karnov Group AB's Return-on-Tangible-Asset compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Karnov Group AB ranks #2 out of 1097 companies for Return-on-Tangible-Asset. This places Karnov Group AB in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.94. Karnov Group AB's value of 13.05% is 231.2% above this benchmark. While the company's 10-year median is 2.59 vs. the industry median of 3.94, Karnov Group AB 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.94, based on 1,097 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. Karnov Group AB's current Return-on-Tangible-Asset of 13.05% is 231.2% 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 Karnov Group AB and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karnov Group AB's current Return-on-Tangible-Asset is 13.05%, which is 404% above median its own 10-year median of 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karnov Group AB stock overvalued right now?
Based on GuruFocus' analysis, Karnov Group AB (CHIX:KARS) is currently considered Significantly Undervalued. The stock's GF Value™ is kr117.71, compared to a current price of kr64.30 — trading 45.4% below its estimated fair value. The current Return-on-Tangible-Asset is 13.05%, which is 404% above median its 10-year median of 2.59 and 231.2% above the Business Services industry median of 3.94. Karnov Group AB's overall GF Score™ is 75/100 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 Karnov Group AB (CHIX:KARS), the current Return-on-Tangible-Asset is 13.05% 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 Karnov Group AB (CHIX:KARS) Overvalued in 2026?
Based on GuruFocus' analysis, Karnov Group AB stock appears to be undervalued.
The current stock price of kr64.30 is trading 45.4% below its estimated GF Value™ of kr117.71.
GuruFocus considers Karnov Group AB to be Significantly Undervalued.
Key valuation signals for CHIX:KARS:
Return-on-Tangible-Asset: 13.05% (404% above median its 10-year median of 2.59)
GF Value™: kr117.71 vs. price of kr64.30 (45.4% below fair value)
Industry Position: 231.2% above the Business Services median (#2 of 1097)
No single metric tells the full story. See the CHIX:KARS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Karnov Group AB is a provider of mission-critical information in the areas of legal, tax and auditing, environment, and health and safety. Karnov's products include subscription-based online solutions for law firms, tax and accounting firms, corporates, and the public sector including, courts, universities, public authorities, and municipalities. Karnov also publishes and sells offline books and journals and hosts legal training courses. Its brands are Karnov Group Denmark, Norstedts Juridik, Aranzadi LA LEY, Lamy Liaisons, Notisum, Echoline, BELLA Intelligence. Geographically, it derives a majority of its revenue from Denmark and also has a presence in Sweden, Norway, France, Spain, and Portugal.
75GF Score
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