Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Return-on-Tangible-Asset: 7.11% (As of Mar. 2026) — 34% Below Median


DFM:EMPOWER Emirates Central Cooling Systems Corp PJSC DFM:EMPOWER
80 GF Score
Price د.إ1.61
GF Value د.إ1.87
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Emirates Central Cooling Systems PJSC Return-on-Tangible-Asset?

Emirates Central Cooling Systems PJSC DFM:EMPOWER -1.23% 80 Return-on-Tangible-Asset is 7.11% as of Mar. 2026, which is 34% below its 10-year median of 10.75. GuruFocus rates DFM:EMPOWER with a GF Score™ of 80/100 and a GF Value™ of د.إ1.87 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 510 Utilities - Regulated companies, Emirates Central Cooling Systems PJSC ranks better than 88.82% 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. Emirates Central Cooling Systems PJSC's annualized Net Income for the quarter that ended in Mar. 2026 was د.إ828 Mil. Emirates Central Cooling Systems PJSC's average total tangible assets for the quarter that ended in Mar. 2026 was د.إ11,653 Mil. Therefore, Emirates Central Cooling Systems PJSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.11%.

The historical rank and industry rank for Emirates Central Cooling Systems PJSC's Return-on-Tangible-Asset or its related term are showing as below:

DFM:EMPOWER' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.86   Med: 10.75   Max: 12.67
Current: 9.23

During the past 7 years, Emirates Central Cooling Systems PJSC's highest Return-on-Tangible-Asset was 12.67%. The lowest was 8.86%. And the median was 10.75%.

DFM:EMPOWER's Return-on-Tangible-Asset is ranked better than
88.82% of 510 companies
in the Utilities - Regulated industry
Industry Median: 3.3 vs DFM:EMPOWER: 9.23

Emirates Central Cooling Systems PJSC  (DFM:EMPOWER) 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 company’s 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 company’s 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.


Emirates Central Cooling Systems PJSC Return-on-Tangible-Asset Related Terms


Emirates Central Cooling Systems PJSC Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Emirates Central Cooling Systems 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.

Emirates Central Cooling Systems PJSC Return-on-Tangible-Asset Chart

Emirates Central Cooling Systems PJSC Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial 10.75 10.83 10.20 8.86 8.89

Emirates Central Cooling Systems PJSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.21 9.13 9.88 10.79 7.11

DFM:EMPOWER vs AWK, WTRG, AWR: Return-on-Tangible-Asset Comparison

For the Utilities - Regulated Water subindustry, Emirates Central Cooling Systems 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.


Emirates Central Cooling Systems PJSC Return-on-Tangible-Asset vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Emirates Central Cooling Systems PJSC's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Emirates Central Cooling Systems PJSC's Return-on-Tangible-Asset falls into.


DFM:EMPOWER
80GF Score
Emirates Central Cooling Systems Corp PJSC DFM:EMPOWER
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emirates Central Cooling Systems PJSC Return-on-Tangible-Asset Calculation

Emirates Central Cooling Systems PJSC's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=993.302/( (10855.221+11501.154)/ 2 )
=993.302/11178.1875
=8.89 %

Emirates Central Cooling Systems PJSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=828.376/( (11501.154+11804.428)/ 2 )
=828.376/11652.791
=7.11 %

* 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 7.11% mean?
Emirates Central Cooling Systems PJSC (DFM:EMPOWER) has a Return-on-Tangible-Asset of 7.11% 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 Emirates Central Cooling Systems PJSC and its competitors. This is 34% below median its historical median of 10.75. Over the past decade, Emirates Central Cooling Systems PJSC's Return-on-Tangible-Asset has ranged from 8.86 to 12.67. According to the industry distribution chart, Emirates Central Cooling Systems PJSC ranks #57 out of 510 companies in the Utilities - Regulated industry, placing it in the top 11.2%.
Is Emirates Central Cooling Systems PJSC's Return-on-Tangible-Asset too high?
Emirates Central Cooling Systems PJSC's current Return-on-Tangible-Asset of 7.11% is 34% below median its 10-year median of 10.75. Over the past 10 years, this metric has ranged from a low of 8.86 to a high of 12.67. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.30. Emirates Central Cooling Systems PJSC's value of 7.11% is 115.5% above this industry median. Based on the distribution chart, Emirates Central Cooling Systems PJSC ranks #57 out of 510 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Emirates Central Cooling Systems PJSC has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emirates Central Cooling Systems PJSC's Return-on-Tangible-Asset compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Emirates Central Cooling Systems PJSC ranks #57 out of 510 companies for Return-on-Tangible-Asset. This places Emirates Central Cooling Systems PJSC in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.30. Emirates Central Cooling Systems PJSC's value of 7.11% is 115.5% above this benchmark. Historically, Emirates Central Cooling Systems PJSC's own Return-on-Tangible-Asset has ranged from 8.86 to 12.67 over the past decade. While the company's 10-year median is 10.75 vs. the industry median of 3.30, Emirates Central Cooling Systems 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.30, based on 510 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. Emirates Central Cooling Systems PJSC's current Return-on-Tangible-Asset of 7.11% is 115.5% 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 Emirates Central Cooling Systems PJSC and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emirates Central Cooling Systems PJSC's current Return-on-Tangible-Asset is 7.11%, which is 34% below median its own 10-year median of 10.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emirates Central Cooling Systems PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emirates Central Cooling Systems PJSC (DFM:EMPOWER) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ1.87, compared to a current price of د.إ1.61 — trading 13.9% below its estimated fair value. The current Return-on-Tangible-Asset is 7.11%, which is 34% below median its 10-year median of 10.75 and 115.5% above the Utilities - Regulated industry median of 3.30. Emirates Central Cooling Systems PJSC's overall GF Score™ is 80/100 with 5 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 Emirates Central Cooling Systems PJSC (DFM:EMPOWER), the current Return-on-Tangible-Asset is 7.11% 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 Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Overvalued in 2026?

Based on GuruFocus' analysis, Emirates Central Cooling Systems PJSC stock appears to be undervalued. The current stock price of د.إ1.61 is trading 13.9% below its estimated GF Value™ of د.إ1.87. GuruFocus considers Emirates Central Cooling Systems PJSC to be Modestly Undervalued.

Key valuation signals for DFM:EMPOWER:

  • Return-on-Tangible-Asset: 7.11% (34% below median its 10-year median of 10.75)
  • GF Value™: د.إ1.87 vs. price of د.إ1.61 (13.9% below fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 115.5% above the Utilities - Regulated median (#57 of 510)

No single metric tells the full story. See the DFM:EMPOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Emirates Central Cooling Systems PJSC Business Description

Address Block A, Jumeirah Beach Road, 2nd December Street, PO Box 8081, Al Hudaiba Awards Building, 8th Floor, Opposite Etihad Museum, Dubai, ARE
Emirates Central Cooling Systems Corp PJSC offers district cooling services, and management, operation, and maintenance of central cooling plants and related distribution networks. The group has two operating and reportable segments: Chilled water and Pre-insulated pipe business. The majority of its revenue is generated from the Chilled water segment, which constructs, owns, assembles, installs, operates, and maintains cooling and conditioning systems. In addition, it distributes and sells chilled water for use in district cooling technologies. The Pre-insulated pipe business is involved in manufacturing, assembling, and selling activities relating to the expansion of the group's chilled water business. Geographically, the group generates all of its revenue from the United Arab Emirates.
80GF Score

Get the complete analysis for DFM:EMPOWER

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

د.إ1.61
Price
د.إ1.87
GF Value