Solar ASCHIX:SOLABC 65 Return-on-Tangible-Asset is -2.82% as of Mar. 2026. GuruFocus rates CHIX:SOLABC with a GF Score™ of 65/100 and a GF Value™ of kr304.39 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,498 Hardware companies, Solar AS ranks worse than 59.41% 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. Solar AS's annualizedNet Income for the quarter that ended in Mar. 2026 was kr-168 Mil. Solar AS's average total tangible assets for the quarter that ended in Mar. 2026 was kr5,949 Mil. Therefore, Solar AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -2.82%.
The historical rank and industry rank for Solar AS's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:SOLABc'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.46 Med: 3.05 Max: 12.14
Current: 1.01
During the past 13 years, Solar AS's highest Return-on-Tangible-Asset was 12.14%. The lowest was 0.46%. And the median was 3.05%.
CHIX:SOLABc's Return-on-Tangible-Asset is ranked worse than 59.41% of 2498
companies
in the Hardware industry
Industry Median: 2.44
vs CHIX:SOLABc: 1.01
Solar AS (CHIX:SOLABc) 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.
Solar AS Return-on-Tangible-Asset Related Terms
Solar AS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Solar AS'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:SOLABC vs SNX, ARW, AVT: Return-on-Tangible-Asset Comparison
For the Electronics & Computer Distribution subindustry, Solar AS'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.
Solar AS Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Solar AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Solar AS'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 -2.82% mean?
Solar AS (CHIX:SOLABC) has a Return-on-Tangible-Asset of -2.82% 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 Solar AS and its competitors. Over the past decade, Solar AS's Return-on-Tangible-Asset has ranged from 0.46 to 12.14. According to the industry distribution chart, Solar AS ranks #1484 out of 2498 companies in the Hardware industry, placing it in the top 59.4%.
Is Solar AS's Return-on-Tangible-Asset too high?
Solar AS's current Return-on-Tangible-Asset is -2.82%. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 12.14. Based on the distribution chart, Solar AS ranks #1484 out of 2498 companies in the Hardware industry, which is below the industry midpoint. Overall, Solar AS has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solar AS's Return-on-Tangible-Asset compare to SNX and ARW?
According to the Hardware industry distribution chart, Solar AS ranks #1484 out of 2498 companies for Return-on-Tangible-Asset. This places Solar AS in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.44. Historically, Solar AS's own Return-on-Tangible-Asset has ranged from 0.46 to 12.14 over the past decade. 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 2.44, based on 2,498 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. 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 Solar AS and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solar AS's current Return-on-Tangible-Asset is -2.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar AS stock overvalued right now?
Based on GuruFocus' analysis, Solar AS (CHIX:SOLABC) is currently considered Possible Value Trap. The stock's GF Value™ is kr304.39, compared to a current price of kr198.20 — trading 34.9% below its estimated fair value. The current Return-on-Tangible-Asset is -2.82%. Solar AS's overall GF Score™ is 65/100 with 8 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 Solar AS (CHIX:SOLABC), the current Return-on-Tangible-Asset is -2.82% 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 Solar AS (CHIX:SOLABC) Overvalued in 2026?
Based on GuruFocus' analysis, Solar AS stock appears to be undervalued.
The current stock price of kr198.20 is trading 34.9% below its estimated GF Value™ of kr304.39.
GuruFocus considers Solar AS to be Possible Value Trap.
Key valuation signals for CHIX:SOLABC:
Return-on-Tangible-Asset: -2.82%
GF Value™: kr304.39 vs. price of kr198.20 (34.9% below fair value)
No single metric tells the full story. See the CHIX:SOLABC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment. The company operates in Denmark, Sweden, Norway, Netherlands, Poland and Others.
65GF Score
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