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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Enablence TechnologiesENAFF 14 Return-on-Tangible-Asset is -91.81% as of Mar. 2026. GuruFocus rates ENAFF with a GF Score™ of 14/100 and a GF Value™ of $1.99 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,503 Hardware companies, Enablence Technologies ranks worse than 98.72% 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. Enablence Technologies's annualizedNet Income for the quarter that ended in Mar. 2026 was $-15.11 Mil. Enablence Technologies's average total tangible assets for the quarter that ended in Mar. 2026 was $16.46 Mil. Therefore, Enablence Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -91.81%.
The historical rank and industry rank for Enablence Technologies's Return-on-Tangible-Asset or its related term are showing as below:
ENAFF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -533.77 Med: -244.44 Max: 846.83
Current: -144.33
During the past 13 years, Enablence Technologies's highest Return-on-Tangible-Asset was 846.83%. The lowest was -533.77%. And the median was -244.44%.
ENAFF's Return-on-Tangible-Asset is ranked worse than 98.72% of 2503
companies
in the Hardware industry
Industry Median: 2.44
vs ENAFF: -144.33
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.
Enablence Technologies Return-on-Tangible-Asset Related Terms
Enablence Technologies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Enablence Technologies'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.
ENAFF vs CSCO, CIEN, MSI: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Enablence Technologies'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.
Enablence Technologies Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Enablence Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Enablence Technologies'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 -91.81% mean?
Enablence Technologies (ENAFF) has a Return-on-Tangible-Asset of -91.81% 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 Enablence Technologies and its competitors. According to the industry distribution chart, Enablence Technologies ranks #2471 out of 2503 companies in the Hardware industry, placing it in the top 98.7%.
Is Enablence Technologies' Return-on-Tangible-Asset too high?
Enablence Technologies' current Return-on-Tangible-Asset is -91.81%. Based on the distribution chart, Enablence Technologies ranks #2471 out of 2503 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Enablence Technologies has a GF Score™ of 14/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enablence Technologies' Return-on-Tangible-Asset compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Enablence Technologies ranks #2471 out of 2503 companies for Return-on-Tangible-Asset. This places Enablence Technologies in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.44. 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.44, based on 2,503 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. 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 Enablence Technologies and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enablence Technologies's current Return-on-Tangible-Asset is -91.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enablence Technologies stock overvalued right now?
Based on GuruFocus' analysis, Enablence Technologies (ENAFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.99, compared to a current price of $4.50 — trading 126.1% above its estimated fair value. The current Return-on-Tangible-Asset is -91.81%. Enablence Technologies' overall GF Score™ is 14/100 with 6 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 Enablence Technologies (ENAFF), the current Return-on-Tangible-Asset is -91.81% 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 Enablence Technologies (ENAFF) Overvalued in 2026?
Based on GuruFocus' analysis, Enablence Technologies stock appears to be overvalued.
The current stock price of $4.50 is trading 126.1% above its estimated GF Value™ of $1.99.
GuruFocus considers Enablence Technologies to be Significantly Overvalued.
Key valuation signals for ENAFF:
Return-on-Tangible-Asset: -91.81%
GF Value™: $1.99 vs. price of $4.50 (126.1% above fair value)
No single metric tells the full story. See the ENAFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a world-wide customer base, focused on data centres end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headset.
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