Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Donaldson CoDCI -1.19%94 Return-on-Tangible-Asset is 19.06% as of Apr. 2026, which is 26% above its 10-year median of 15.10. GuruFocus rates DCI with a GF Score™ of 94/100 and a GF Value™ of $81.36 (Fairly Valued). Among 3,074 Industrial Products companies, Donaldson Co ranks better than 96.39% 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. Donaldson Co's annualizedNet Income for the quarter that ended in Apr. 2026 was $472 Mil. Donaldson Co's average total tangible assets for the quarter that ended in Apr. 2026 was $2,479 Mil. Therefore, Donaldson Co's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 19.06%.
The historical rank and industry rank for Donaldson Co's Return-on-Tangible-Asset or its related term are showing as below:
DCI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.59 Med: 15.1 Max: 18.97
Current: 18.01
During the past 13 years, Donaldson Co's highest Return-on-Tangible-Asset was 18.97%. The lowest was 10.59%. And the median was 15.10%.
DCI's Return-on-Tangible-Asset is ranked better than 96.39% of 3074
companies
in the Industrial Products industry
Industry Median: 3.24
vs DCI: 18.01
Donaldson Co (NYSE:DCI) 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.
Donaldson Co Return-on-Tangible-Asset Related Terms
Donaldson Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Donaldson Co'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.
DCI vs GTLS, FLS, WTS: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Donaldson Co'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.
Donaldson Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Donaldson Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Donaldson Co'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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 19.06% mean?
Donaldson Co (DCI) has a Return-on-Tangible-Asset of 19.06% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Donaldson Co and its competitors. This is 26% above median its historical median of 15.10. Over the past decade, Donaldson Co's Return-on-Tangible-Asset has ranged from 10.59 to 18.97. According to the industry distribution chart, Donaldson Co ranks #111 out of 3074 companies in the Industrial Products industry, placing it in the top 3.6%.
Is Donaldson Co's Return-on-Tangible-Asset too high?
Donaldson Co's current Return-on-Tangible-Asset of 19.06% is 26% above median its 10-year median of 15.10. Over the past 10 years, this metric has ranged from a low of 10.59 to a high of 18.97. The Industrial Products industry median Return-on-Tangible-Asset is 3.24. Donaldson Co's value of 19.06% is 488.3% above this industry median. Based on the distribution chart, Donaldson Co ranks #111 out of 3074 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Donaldson Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Donaldson Co's Return-on-Tangible-Asset compare to GTLS and FLS?
According to the Industrial Products industry distribution chart, Donaldson Co ranks #111 out of 3074 companies for Return-on-Tangible-Asset. This places Donaldson Co in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.24. Donaldson Co's value of 19.06% is 488.3% above this benchmark. Historically, Donaldson Co's own Return-on-Tangible-Asset has ranged from 10.59 to 18.97 over the past decade. While the company's 10-year median is 15.10 vs. the industry median of 3.24, Donaldson Co 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.24, based on 3,074 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. Donaldson Co's current Return-on-Tangible-Asset of 19.06% is 488.3% 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 Donaldson Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Donaldson Co's current Return-on-Tangible-Asset is 19.06%, which is 26% above median its own 10-year median of 15.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Donaldson Co stock overvalued right now?
Based on GuruFocus' analysis, Donaldson Co (DCI) is currently considered Fairly Valued. The stock's GF Value™ is $81.36, compared to a current price of $88.66 — trading 9% above its estimated fair value. The current Return-on-Tangible-Asset is 19.06%, which is 26% above median its 10-year median of 15.10 and 488.3% above the Industrial Products industry median of 3.24. Donaldson Co's overall GF Score™ is 94/100. 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 Donaldson Co (DCI), the current Return-on-Tangible-Asset is 19.06% as of Apr. 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 Donaldson Co (DCI) Overvalued in 2026?
Based on GuruFocus' analysis, Donaldson Co stock appears to be overvalued.
The current stock price of $88.66 is trading 9% above its estimated GF Value™ of $81.36.
GuruFocus considers Donaldson Co to be Fairly Valued.
Key valuation signals for DCI:
Return-on-Tangible-Asset: 19.06% (26% above median its 10-year median of 15.10)
GF Value™: $81.36 vs. price of $88.66 (9% above fair value)
Industry Position: 488.3% above the Industrial Products median (#111 of 3074)
No single metric tells the full story. See the DCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Donaldson is a leading manufacturer of filtration systems and replacement parts, including air filtration systems, liquid filtration systems, and dust, fume, and mist collectors. The company serves a diverse range of end markets, including construction, mining, agriculture, truck, and industrial. Its business is organized into three segments: mobile solutions, industrial solutions, and life sciences. Donaldson generated approximately $3.7 billion in revenue in its fiscal 2025.
94GF Score
Get the complete analysis for DCI
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DCI has been successfully added to your 
