Norbit ASACHIX:NORBTO 77 Return-on-Tangible-Asset is 26.85% as of Mar. 2026, which is 85% above its 10-year median of 14.49. GuruFocus rates CHIX:NORBTO with a GF Score™ of 77/100 and a GF Value™ of kr173.07 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,501 Hardware companies, Norbit ASA ranks better than 98.6% 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. Norbit ASA's annualizedNet Income for the quarter that ended in Mar. 2026 was kr444 Mil. Norbit ASA's average total tangible assets for the quarter that ended in Mar. 2026 was kr1,654 Mil. Therefore, Norbit ASA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 26.85%.
The historical rank and industry rank for Norbit ASA's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:NORBTo'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.04 Med: 14.49 Max: 27.72
Current: 27.38
During the past 11 years, Norbit ASA's highest Return-on-Tangible-Asset was 27.72%. The lowest was -3.04%. And the median was 14.49%.
CHIX:NORBTo's Return-on-Tangible-Asset is ranked better than 98.6% of 2501
companies
in the Hardware industry
Industry Median: 2.4
vs CHIX:NORBTo: 27.38
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.
Norbit ASA Return-on-Tangible-Asset Related Terms
Norbit ASA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Norbit ASA'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:NORBTO vs COHR, KEYS, GRMN: Return-on-Tangible-Asset Comparison
For the Scientific & Technical Instruments subindustry, Norbit ASA'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.
Norbit ASA Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Norbit ASA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Norbit ASA'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 26.85% mean?
Norbit ASA (CHIX:NORBTO) has a Return-on-Tangible-Asset of 26.85% 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 Norbit ASA and its competitors. This is 85% above median its historical median of 14.49. According to the industry distribution chart, Norbit ASA ranks #35 out of 2501 companies in the Hardware industry, placing it in the top 1.4%.
Is Norbit ASA's Return-on-Tangible-Asset too high?
Norbit ASA's current Return-on-Tangible-Asset of 26.85% is 85% above median its 10-year median of 14.49. The Hardware industry median Return-on-Tangible-Asset is 2.40. Norbit ASA's value of 26.85% is 1018.8% above this industry median. Based on the distribution chart, Norbit ASA ranks #35 out of 2501 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Norbit ASA has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norbit ASA's Return-on-Tangible-Asset compare to COHR and KEYS?
According to the Hardware industry distribution chart, Norbit ASA ranks #35 out of 2501 companies for Return-on-Tangible-Asset. This places Norbit ASA in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.40. Norbit ASA's value of 26.85% is 1018.8% above this benchmark. While the company's 10-year median is 14.49 vs. the industry median of 2.40, Norbit ASA 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.40, based on 2,501 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. Norbit ASA's current Return-on-Tangible-Asset of 26.85% is 1018.8% 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 Norbit ASA and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norbit ASA's current Return-on-Tangible-Asset is 26.85%, which is 85% above median its own 10-year median of 14.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norbit ASA stock overvalued right now?
Based on GuruFocus' analysis, Norbit ASA (CHIX:NORBTO) is currently considered Fairly Valued. The stock's GF Value™ is kr173.07, compared to a current price of kr168.30 — trading 2.8% below its estimated fair value. The current Return-on-Tangible-Asset is 26.85%, which is 85% above median its 10-year median of 14.49 and 1018.8% above the Hardware industry median of 2.40. Norbit ASA's overall GF Score™ is 77/100 with 1 warning sign 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 Norbit ASA (CHIX:NORBTO), the current Return-on-Tangible-Asset is 26.85% 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 Norbit ASA (CHIX:NORBTO) Overvalued in 2026?
Based on GuruFocus' analysis, Norbit ASA stock appears to be undervalued.
The current stock price of kr168.30 is trading 2.8% below its estimated GF Value™ of kr173.07.
GuruFocus considers Norbit ASA to be Fairly Valued.
Key valuation signals for CHIX:NORBTO:
Return-on-Tangible-Asset: 26.85% (85% above median its 10-year median of 14.49)
GF Value™: kr173.07 vs. price of kr168.30 (2.8% below fair value)
Industry Position: 1018.8% above the Hardware median (#35 of 2501)
No single metric tells the full story. See the CHIX:NORBTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norbit ASA is a provider of tailored technology to selected applications by solving challenges through solutions. It is organised in three operating segments: Oceans, Connectivity and Product, Innovation & Realization (PIR). The Oceans segment delivers tailored technology solutions to the maritime markets, the Connectivity segment supplier of secure wireless technology for industrial and mission-critical applications - ranging from transportation infrastructure to navigation and defence-related environments, and the Product, Innovation & Realization (PIR) segment provides R&D products and services and contract manufacturing to key customers. The majority of the company's revenue is derived from the PIR segment.
77GF Score
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