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Element Fleet ManagementELEEF -2.15%71 Return-on-Tangible-Asset is 3.94% as of Mar. 2026, which is 75% above its 10-year median of 2.25. GuruFocus rates ELEEF with a GF Score™ of 71/100 and a GF Value™ of $18.70 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,093 Business Services companies, Element Fleet Management ranks worse than 59.29% 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. Element Fleet Management's annualizedNet Income for the quarter that ended in Mar. 2026 was $474 Mil. Element Fleet Management's average total tangible assets for the quarter that ended in Mar. 2026 was $12,046 Mil. Therefore, Element Fleet Management's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.94%.
The historical rank and industry rank for Element Fleet Management's Return-on-Tangible-Asset or its related term are showing as below:
ELEEF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.21 Med: 2.25 Max: 3.65
Current: 2.43
During the past 13 years, Element Fleet Management's highest Return-on-Tangible-Asset was 3.65%. The lowest was -1.21%. And the median was 2.25%.
ELEEF's Return-on-Tangible-Asset is ranked worse than 59.29% of 1093
companies
in the Business Services industry
Industry Median: 3.98
vs ELEEF: 2.43
Element Fleet Management (OTCPK:ELEEF) 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.
Element Fleet Management Return-on-Tangible-Asset Related Terms
Element Fleet Management Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Element Fleet Management'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.
Element Fleet Management Return-on-Tangible-Asset Chart
ELEEF vs URI, SUNB, AER: Return-on-Tangible-Asset Comparison
For the Rental & Leasing Services subindustry, Element Fleet Management'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.
Element Fleet Management Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Element Fleet Management's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Element Fleet Management'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 3.94% mean?
Element Fleet Management (ELEEF) has a Return-on-Tangible-Asset of 3.94% 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 Element Fleet Management and its competitors. This is 75% above median its historical median of 2.25. According to the industry distribution chart, Element Fleet Management ranks #648 out of 1093 companies in the Business Services industry, placing it in the top 59.3%.
Is Element Fleet Management's Return-on-Tangible-Asset too high?
Element Fleet Management's current Return-on-Tangible-Asset of 3.94% is 75% above median its 10-year median of 2.25. The Business Services industry median Return-on-Tangible-Asset is 3.98. Element Fleet Management's value of 3.94% is 1% below this industry median. Based on the distribution chart, Element Fleet Management ranks #648 out of 1093 companies in the Business Services industry, which is below the industry midpoint. Overall, Element Fleet Management has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Element Fleet Management's Return-on-Tangible-Asset compare to URI and SUNB?
According to the Business Services industry distribution chart, Element Fleet Management ranks #648 out of 1093 companies for Return-on-Tangible-Asset. This places Element Fleet Management in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.98. Element Fleet Management's value of 3.94% is 1% below this benchmark. While the company's 10-year median is 2.25 vs. the industry median of 3.98, Element Fleet Management has consistently been below 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,093 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. Element Fleet Management's current Return-on-Tangible-Asset of 3.94% is 1% below 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 Element Fleet Management and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Element Fleet Management's current Return-on-Tangible-Asset is 3.94%, which is 75% above median its own 10-year median of 2.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Element Fleet Management stock overvalued right now?
Based on GuruFocus' analysis, Element Fleet Management (ELEEF) is currently considered Modestly Overvalued. The stock's GF Value™ is $18.70, compared to a current price of $22.28 — trading 19.1% above its estimated fair value. The current Return-on-Tangible-Asset is 3.94%, which is 75% above median its 10-year median of 2.25 and 1% below the Business Services industry median of 3.98. Element Fleet Management's overall GF Score™ is 71/100 with 7 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 Element Fleet Management (ELEEF), the current Return-on-Tangible-Asset is 3.94% 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 Element Fleet Management (ELEEF) Overvalued in 2026?
Based on GuruFocus' analysis, Element Fleet Management stock appears to be overvalued.
The current stock price of $22.28 is trading 19.1% above its estimated GF Value™ of $18.70.
GuruFocus considers Element Fleet Management to be Modestly Overvalued.
Key valuation signals for ELEEF:
Return-on-Tangible-Asset: 3.94% (75% above median its 10-year median of 2.25)
GF Value™: $18.70 vs. price of $22.28 (19.1% above fair value)
Industry Position: 1% below the Business Services median (#648 of 1093)
No single metric tells the full story. See the ELEEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Element Fleet Management Corp is a fleet management company, providing services and financing for commercial vehicle and equipment fleets. Their services include vehicle acquisition, maintenance, route optimization, risk management, and remarketing, as well as advising on decarbonization efforts, integration of electric vehicles, and managing the complexity of gradual fleet electrification.
71GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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