QinetiQ GroupCHIX:QQL -3.26%77 Return-on-Tangible-Asset is 11.33% as of Mar. 2026, which is 9% above its 10-year median of 10.39. GuruFocus rates CHIX:QQL with a GF Score™ of 77/100 and a GF Value™ of £4.65 (Fairly Valued). The stock has 3 warning signs investors should review. Among 359 Aerospace & Defense companies, QinetiQ Group ranks better than 79.67% 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. QinetiQ Group's annualizedNet Income for the quarter that ended in Mar. 2026 was £138 Mil. QinetiQ Group's average total tangible assets for the quarter that ended in Mar. 2026 was £1,221 Mil. Therefore, QinetiQ Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.33%.
The historical rank and industry rank for QinetiQ Group's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:QQl'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.92 Med: 10.39 Max: 16.22
Current: 8.65
During the past 13 years, QinetiQ Group's highest Return-on-Tangible-Asset was 16.22%. The lowest was -13.92%. And the median was 10.39%.
CHIX:QQl's Return-on-Tangible-Asset is ranked better than 79.67% of 359
companies
in the Aerospace & Defense industry
Industry Median: 3.03
vs CHIX:QQl: 8.65
QinetiQ Group (CHIX:QQl) 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.
QinetiQ Group Return-on-Tangible-Asset Related Terms
QinetiQ Group Return-on-Tangible-Asset Historical Data
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The historical data trend for QinetiQ Group'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:QQL vs SPCX, GE, RTX: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, QinetiQ Group'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.
QinetiQ Group Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, QinetiQ Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where QinetiQ Group'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.33% mean?
QinetiQ Group (CHIX:QQL) has a Return-on-Tangible-Asset of 11.33% 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 QinetiQ Group and its competitors. This is near median its historical median of 10.39. According to the industry distribution chart, QinetiQ Group ranks #73 out of 359 companies in the Aerospace & Defense industry, placing it in the top 20.3%.
Is QinetiQ Group's Return-on-Tangible-Asset too high?
QinetiQ Group's current Return-on-Tangible-Asset of 11.33% is near median its 10-year median of 10.39. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.03. QinetiQ Group's value of 11.33% is 273.9% above this industry median. Based on the distribution chart, QinetiQ Group ranks #73 out of 359 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, QinetiQ Group has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does QinetiQ Group's Return-on-Tangible-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, QinetiQ Group ranks #73 out of 359 companies for Return-on-Tangible-Asset. This places QinetiQ Group in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.03. QinetiQ Group's value of 11.33% is 273.9% above this benchmark. While the company's 10-year median is 10.39 vs. the industry median of 3.03, QinetiQ Group 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 Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.03, based on 359 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. QinetiQ Group's current Return-on-Tangible-Asset of 11.33% is 273.9% 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 QinetiQ Group and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. QinetiQ Group's current Return-on-Tangible-Asset is 11.33%, which is near median its own 10-year median of 10.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QinetiQ Group stock overvalued right now?
Based on GuruFocus' analysis, QinetiQ Group (CHIX:QQL) is currently considered Fairly Valued. The stock's GF Value™ is £4.65, compared to a current price of £4.50 — trading 3.1% below its estimated fair value. The current Return-on-Tangible-Asset is 11.33%, which is near median its 10-year median of 10.39 and 273.9% above the Aerospace & Defense industry median of 3.03. QinetiQ Group's overall GF Score™ is 77/100 with 3 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 QinetiQ Group (CHIX:QQL), the current Return-on-Tangible-Asset is 11.33% 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 QinetiQ Group (CHIX:QQL) Overvalued in 2026?
Based on GuruFocus' analysis, QinetiQ Group stock appears to be undervalued.
The current stock price of £4.50 is trading 3.1% below its estimated GF Value™ of £4.65.
GuruFocus considers QinetiQ Group to be Fairly Valued.
Key valuation signals for CHIX:QQL:
Return-on-Tangible-Asset: 11.33% (near median its 10-year median of 10.39)
GF Value™: £4.65 vs. price of £4.50 (3.1% below fair value)
Industry Position: 273.9% above the Aerospace & Defense median (#73 of 359)
No single metric tells the full story. See the CHIX:QQL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
QinetiQ Group PLC is a company operating in the aerospace, defense, and security sectors. Its operating segments are EMEA Services, and Global Solutions. It generates majority of revenue from EMES Services. EMEA Services provides technical assurance, test and evaluation and training services, underpinned by long-term contracts. EMEA Services comprises business units which are not considered reportable segments as defined UK Defence, UK Intelligence and the Australia sector. Global Solutions combines all other business units not aggregated within EMEA Services. It has presence in United Kingdom (UK), United States of America (US), Australia, Home countries, Europe, and Rest of world of which majority of revenue comes from Home countries.
77GF Score
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