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ElectromedELMD +1.21%91 Return-on-Tangible-Asset is 21.55% as of Mar. 2026, which is 138% above its 10-year median of 9.04. GuruFocus rates ELMD with a GF Score™ of 91/100 and a GF Value™ of $25.34 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 856 Medical Devices & Instruments companies, Electromed ranks better than 95.33% 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. Electromed's annualizedNet Income for the quarter that ended in Mar. 2026 was $12.01 Mil. Electromed's average total tangible assets for the quarter that ended in Mar. 2026 was $55.74 Mil. Therefore, Electromed's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 21.55%.
The historical rank and industry rank for Electromed's Return-on-Tangible-Asset or its related term are showing as below:
ELMD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.97 Med: 9.04 Max: 18.85
Current: 18.85
During the past 13 years, Electromed's highest Return-on-Tangible-Asset was 18.85%. The lowest was 5.97%. And the median was 9.04%.
ELMD's Return-on-Tangible-Asset is ranked better than 95.33% of 856
companies
in the Medical Devices & Instruments industry
Industry Median: 0.595
vs ELMD: 18.85
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.
Electromed Return-on-Tangible-Asset Related Terms
Electromed Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Electromed'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.
ELMD vs CATX, MASS, CV: Return-on-Tangible-Asset Comparison
For the Medical Devices subindustry, Electromed'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.
Electromed Return-on-Tangible-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Electromed's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Electromed'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 21.55% mean?
Electromed (ELMD) has a Return-on-Tangible-Asset of 21.55% 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 Electromed and its competitors. This is 138% above median its historical median of 9.04. Over the past decade, Electromed's Return-on-Tangible-Asset has ranged from 5.97 to 18.85. According to the industry distribution chart, Electromed ranks #40 out of 856 companies in the Medical Devices & Instruments industry, placing it in the top 4.7%.
Is Electromed's Return-on-Tangible-Asset too high?
Electromed's current Return-on-Tangible-Asset of 21.55% is 138% above median its 10-year median of 9.04. Over the past 10 years, this metric has ranged from a low of 5.97 to a high of 18.85. The Medical Devices & Instruments industry median Return-on-Tangible-Asset is 0.60. Electromed's value of 21.55% is 3521.8% above this industry median. Based on the distribution chart, Electromed ranks #40 out of 856 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Electromed has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Electromed's Return-on-Tangible-Asset compare to CATX and MASS?
According to the Medical Devices & Instruments industry distribution chart, Electromed ranks #40 out of 856 companies for Return-on-Tangible-Asset. This places Electromed in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.60. Electromed's value of 21.55% is 3521.8% above this benchmark. Historically, Electromed's own Return-on-Tangible-Asset has ranged from 5.97 to 18.85 over the past decade. While the company's 10-year median is 9.04 vs. the industry median of 0.60, Electromed 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Asset among Medical Devices & Instruments companies is 0.60, based on 856 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. Electromed's current Return-on-Tangible-Asset of 21.55% is 3521.8% 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 Electromed and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Asset is 0.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electromed's current Return-on-Tangible-Asset is 21.55%, which is 138% above median its own 10-year median of 9.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electromed stock overvalued right now?
Based on GuruFocus' analysis, Electromed (ELMD) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.34, compared to a current price of $42.80 — trading 68.9% above its estimated fair value. The current Return-on-Tangible-Asset is 21.55%, which is 138% above median its 10-year median of 9.04 and 3521.8% above the Medical Devices & Instruments industry median of 0.60. Electromed's overall GF Score™ is 91/100 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 Electromed (ELMD), the current Return-on-Tangible-Asset is 21.55% 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 Electromed (ELMD) Overvalued in 2026?
Based on GuruFocus' analysis, Electromed stock appears to be overvalued.
The current stock price of $42.80 is trading 68.9% above its estimated GF Value™ of $25.34.
GuruFocus considers Electromed to be Significantly Overvalued.
Key valuation signals for ELMD:
Return-on-Tangible-Asset: 21.55% (138% above median its 10-year median of 9.04)
GF Value™: $25.34 vs. price of $42.80 (68.9% above fair value)
Industry Position: 3521.8% above the Medical Devices & Instruments median (#40 of 856)
No single metric tells the full story. See the ELMD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Electromed Inc is a United States-based company that develops, manufactures, markets, and sells products that provide airway clearance therapy, including the SmartVest Airway Clearance System and related products, to patients with compromised pulmonary function with a commitment to excellence and compassionate service. The SmartVest System features a programmable air pulse generator, a therapy garment worn over the upper body and a connecting hose, which together provide safe, comfortable, and effective airway clearance therapy.
91GF Score
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