Emaar Development PJSCDFM:EMAARDEV +1.30%100 Return-on-Tangible-Asset is 13.75% as of Mar. 2026, which is 11% above its 10-year median of 12.36. GuruFocus rates DFM:EMAARDEV with a GF Score™ of 100/100 and a GF Value™ of د.إ20.13 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,800 Real Estate companies, Emaar Development PJSC ranks better than 97.44% 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 Development PJSC's annualizedNet Income for the quarter that ended in Mar. 2026 was د.إ11,690 Mil. Emaar Development PJSC's average total tangible assets for the quarter that ended in Mar. 2026 was د.إ84,999 Mil. Therefore, Emaar Development PJSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 13.75%.
The historical rank and industry rank for Emaar Development PJSC's Return-on-Tangible-Asset or its related term are showing as below:
DFM:EMAARDEV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.93 Med: 12.36 Max: 16.46
Current: 16.46
During the past 12 years, Emaar Development PJSC's highest Return-on-Tangible-Asset was 16.46%. The lowest was 4.93%. And the median was 12.36%.
DFM:EMAARDEV's Return-on-Tangible-Asset is ranked better than 97.44% of 1800
companies
in the Real Estate industry
Industry Median: 1.77
vs DFM:EMAARDEV: 16.46
Emaar Development PJSC (DFM:EMAARDEV) 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.
Emaar Development PJSC Return-on-Tangible-Asset Related Terms
Emaar Development PJSC Return-on-Tangible-Asset Historical Data
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The historical data trend for Emaar Development 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.
Emaar Development PJSC Return-on-Tangible-Asset Chart
Emaar Development PJSC Return-on-Tangible-Asset Competitor Comparison
For the Real Estate - Development subindustry, Emaar Development 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 Development PJSC Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Emaar Development PJSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Emaar Development 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 13.75% mean?
Emaar Development PJSC (DFM:EMAARDEV) has a Return-on-Tangible-Asset of 13.75% 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 Development PJSC and its competitors. This is 11% above median its historical median of 12.36. Over the past decade, Emaar Development PJSC's Return-on-Tangible-Asset has ranged from 4.93 to 16.46. According to the industry distribution chart, Emaar Development PJSC ranks #46 out of 1800 companies in the Real Estate industry, placing it in the top 2.6%.
Is Emaar Development PJSC's Return-on-Tangible-Asset too high?
Emaar Development PJSC's current Return-on-Tangible-Asset of 13.75% is 11% above median its 10-year median of 12.36. Over the past 10 years, this metric has ranged from a low of 4.93 to a high of 16.46. The Real Estate industry median Return-on-Tangible-Asset is 1.77. Emaar Development PJSC's value of 13.75% is 676.8% above this industry median. Based on the distribution chart, Emaar Development PJSC ranks #46 out of 1800 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Emaar Development PJSC has a GF Score™ of 100/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emaar Development PJSC's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, Emaar Development PJSC ranks #46 out of 1800 companies for Return-on-Tangible-Asset. This places Emaar Development PJSC in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.77. Emaar Development PJSC's value of 13.75% is 676.8% above this benchmark. Historically, Emaar Development PJSC's own Return-on-Tangible-Asset has ranged from 4.93 to 16.46 over the past decade. While the company's 10-year median is 12.36 vs. the industry median of 1.77, Emaar Development 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 1.77, based on 1,800 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 Development PJSC's current Return-on-Tangible-Asset of 13.75% is 676.8% 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 Emaar Development PJSC and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emaar Development PJSC's current Return-on-Tangible-Asset is 13.75%, which is 11% above median its own 10-year median of 12.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emaar Development PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emaar Development PJSC (DFM:EMAARDEV) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ20.13, compared to a current price of د.إ14.04 — trading 30.3% below its estimated fair value. The current Return-on-Tangible-Asset is 13.75%, which is 11% above median its 10-year median of 12.36 and 676.8% above the Real Estate industry median of 1.77. Emaar Development PJSC's overall GF Score™ is 100/100 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 Development PJSC (DFM:EMAARDEV), the current Return-on-Tangible-Asset is 13.75% 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 Development PJSC (DFM:EMAARDEV) Overvalued in 2026?
Based on GuruFocus' analysis, Emaar Development PJSC stock appears to be undervalued.
The current stock price of د.إ14.04 is trading 30.3% below its estimated GF Value™ of د.إ20.13.
GuruFocus considers Emaar Development PJSC to be Significantly Undervalued.
Key valuation signals for DFM:EMAARDEV:
Return-on-Tangible-Asset: 13.75% (11% above median its 10-year median of 12.36)
GF Value™: د.إ20.13 vs. price of د.إ14.04 (30.3% below fair value)
Industry Position: 676.8% above the Real Estate median (#46 of 1800)
No single metric tells the full story. See the DFM:EMAARDEV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emaar Development PJSC is a property developer and provider of lifestyle-focused real estate, with operations in the Middle East, North Africa, and Asia. Its principal activities are property investment, development and development management, shopping malls and retail, entertainment, hospitality, property management and utility services and investments in providers of financial services. The majority of the company'ss revenue is derived from the sale of residential units. Geographically, the company is currently operating only in the UAE.
100GF Score
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