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Emaar Properties PJSCDFM:EMAAR -0.86%99 Return-on-Tangible-Asset is 10.49% as of Mar. 2026, which is 92% above its 10-year median of 5.47. GuruFocus rates DFM:EMAAR with a GF Score™ of 99/100 and a GF Value™ of د.إ16.10 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,803 Real Estate companies, Emaar Properties PJSC ranks better than 93.57% 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. Emaar Properties PJSC's annualizedNet Income for the quarter that ended in Mar. 2026 was د.إ19,989 Mil. Emaar Properties PJSC's average total tangible assets for the quarter that ended in Mar. 2026 was د.إ190,505 Mil. Therefore, Emaar Properties PJSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.49%.
The historical rank and industry rank for Emaar Properties PJSC's Return-on-Tangible-Asset or its related term are showing as below:
DFM:EMAAR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.81 Med: 5.47 Max: 10.61
Current: 10.61
During the past 13 years, Emaar Properties PJSC's highest Return-on-Tangible-Asset was 10.61%. The lowest was 1.81%. And the median was 5.47%.
DFM:EMAAR's Return-on-Tangible-Asset is ranked better than 93.57% of 1803
companies
in the Real Estate industry
Industry Median: 1.76
vs DFM:EMAAR: 10.61
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.
Emaar Properties PJSC Return-on-Tangible-Asset Related Terms
Emaar Properties PJSC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Emaar Properties PJSC'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.
For the Real Estate - Development subindustry, Emaar Properties PJSC'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.
Emaar Properties PJSC Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Emaar Properties PJSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Emaar Properties PJSC'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 10.49% mean?
Emaar Properties PJSC (DFM:EMAAR) has a Return-on-Tangible-Asset of 10.49% 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 Emaar Properties PJSC and its competitors. This is 92% above median its historical median of 5.47. Over the past decade, Emaar Properties PJSC's Return-on-Tangible-Asset has ranged from 1.81 to 10.61. According to the industry distribution chart, Emaar Properties PJSC ranks #116 out of 1803 companies in the Real Estate industry, placing it in the top 6.4%.
Is Emaar Properties PJSC's Return-on-Tangible-Asset too high?
Emaar Properties PJSC's current Return-on-Tangible-Asset of 10.49% is 92% above median its 10-year median of 5.47. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 10.61. The Real Estate industry median Return-on-Tangible-Asset is 1.76. Emaar Properties PJSC's value of 10.49% is 496% above this industry median. Based on the distribution chart, Emaar Properties PJSC ranks #116 out of 1803 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Emaar Properties PJSC has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emaar Properties PJSC's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, Emaar Properties PJSC ranks #116 out of 1803 companies for Return-on-Tangible-Asset. This places Emaar Properties PJSC in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.76. Emaar Properties PJSC's value of 10.49% is 496% above this benchmark. Historically, Emaar Properties PJSC's own Return-on-Tangible-Asset has ranged from 1.81 to 10.61 over the past decade. While the company's 10-year median is 5.47 vs. the industry median of 1.76, Emaar Properties PJSC 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.76, based on 1,803 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. Emaar Properties PJSC's current Return-on-Tangible-Asset of 10.49% is 496% 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 Emaar Properties PJSC and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emaar Properties PJSC's current Return-on-Tangible-Asset is 10.49%, which is 92% above median its own 10-year median of 5.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emaar Properties PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emaar Properties PJSC (DFM:EMAAR) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ16.10, compared to a current price of د.إ11.50 — trading 28.6% below its estimated fair value. The current Return-on-Tangible-Asset is 10.49%, which is 92% above median its 10-year median of 5.47 and 496% above the Real Estate industry median of 1.76. Emaar Properties PJSC's overall GF Score™ is 99/100 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 Emaar Properties PJSC (DFM:EMAAR), the current Return-on-Tangible-Asset is 10.49% 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 Emaar Properties PJSC (DFM:EMAAR) Overvalued in 2026?
Based on GuruFocus' analysis, Emaar Properties PJSC stock appears to be undervalued.
The current stock price of د.إ11.50 is trading 28.6% below its estimated GF Value™ of د.إ16.10.
GuruFocus considers Emaar Properties PJSC to be Modestly Undervalued.
Key valuation signals for DFM:EMAAR:
Return-on-Tangible-Asset: 10.49% (92% above median its 10-year median of 5.47)
GF Value™: د.إ16.10 vs. price of د.إ11.50 (28.6% below fair value)
Industry Position: 496% above the Real Estate median (#116 of 1803)
No single metric tells the full story. See the DFM:EMAAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emaar Properties PJSC is engaged in property investment, development, and development management, shopping malls and retail, hospitality, property management, utility services, and investments in providers of financial services. Its segments are, namely, real estate (develop, sell, and manage condominiums, villas, commercial units and plots of land), leasing, retail and related activities (develop, lease and manage malls, retail, commercial, and residential spaces), and hospitality (develop, own, and/or manage hotels, serviced apartments and leisure activities). It earns revenue from sources other than property sales, leasing, retail and related activities, and hospitality, and this revenue is included in other operating income. The majority of revenue comes from real estate.
99GF Score
Get the complete analysis for DFM:EMAAR
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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