ExponentEXPO +1.45%83 Return-on-Tangible-Asset is 16.34% as of Mar. 2026, which is 3% above its 10-year median of 15.86. GuruFocus rates EXPO with a GF Score™ of 83/100 and a GF Value™ of $92.48 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,779 Construction companies, Exponent ranks better than 93.54% 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. Exponent's annualizedNet Income for the quarter that ended in Mar. 2026 was $118.3 Mil. Exponent's average total tangible assets for the quarter that ended in Mar. 2026 was $723.8 Mil. Therefore, Exponent's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 16.34%.
The historical rank and industry rank for Exponent's Return-on-Tangible-Asset or its related term are showing as below:
EXPO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10 Med: 15.86 Max: 16.5
Current: 14.7
During the past 13 years, Exponent's highest Return-on-Tangible-Asset was 16.50%. The lowest was 10.00%. And the median was 15.86%.
EXPO's Return-on-Tangible-Asset is ranked better than 93.54% of 1779
companies
in the Construction industry
Industry Median: 3.02
vs EXPO: 14.70
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.
Exponent Return-on-Tangible-Asset Related Terms
Exponent Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Exponent'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.
EXPO vs CDNL, TPC, KBR: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Exponent'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.
Exponent Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Exponent's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Exponent'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 16.34% mean?
Exponent (EXPO) has a Return-on-Tangible-Asset of 16.34% 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 Exponent and its competitors. This is near median its historical median of 15.86. Over the past decade, Exponent's Return-on-Tangible-Asset has ranged from 10.00 to 16.50. According to the industry distribution chart, Exponent ranks #115 out of 1779 companies in the Construction industry, placing it in the top 6.5%.
Is Exponent's Return-on-Tangible-Asset too high?
Exponent's current Return-on-Tangible-Asset of 16.34% is near median its 10-year median of 15.86. Over the past 10 years, this metric has ranged from a low of 10.00 to a high of 16.50. The Construction industry median Return-on-Tangible-Asset is 3.02. Exponent's value of 16.34% is 441.1% above this industry median. Based on the distribution chart, Exponent ranks #115 out of 1779 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Exponent has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Exponent's Return-on-Tangible-Asset compare to CDNL and TPC?
According to the Construction industry distribution chart, Exponent ranks #115 out of 1779 companies for Return-on-Tangible-Asset. This places Exponent in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.02. Exponent's value of 16.34% is 441.1% above this benchmark. Historically, Exponent's own Return-on-Tangible-Asset has ranged from 10.00 to 16.50 over the past decade. While the company's 10-year median is 15.86 vs. the industry median of 3.02, Exponent 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.02, based on 1,779 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. Exponent's current Return-on-Tangible-Asset of 16.34% is 441.1% 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 Exponent and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exponent's current Return-on-Tangible-Asset is 16.34%, which is near median its own 10-year median of 15.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exponent stock overvalued right now?
Based on GuruFocus' analysis, Exponent (EXPO) is currently considered Significantly Undervalued. The stock's GF Value™ is $92.48, compared to a current price of $62.04 — trading 32.9% below its estimated fair value. The current Return-on-Tangible-Asset is 16.34%, which is near median its 10-year median of 15.86 and 441.1% above the Construction industry median of 3.02. Exponent's overall GF Score™ is 83/100 with 3 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 Exponent (EXPO), the current Return-on-Tangible-Asset is 16.34% 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 Exponent (EXPO) Overvalued in 2026?
Based on GuruFocus' analysis, Exponent stock appears to be undervalued.
The current stock price of $62.04 is trading 32.9% below its estimated GF Value™ of $92.48.
GuruFocus considers Exponent to be Significantly Undervalued.
Key valuation signals for EXPO:
Return-on-Tangible-Asset: 16.34% (near median its 10-year median of 15.86)
GF Value™: $92.48 vs. price of $62.04 (32.9% below fair value)
Industry Position: 441.1% above the Construction median (#115 of 1779)
No single metric tells the full story. See the EXPO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exponent Inc is a science and engineering consulting firm that provides solutions to complex problems. The company's consultant team is composed of scientists, physicians, engineers, as well as business and regulatory consultants. The company currently operates through two segments. The engineering and other scientific segments, which account for the majority of revenue, provide servicing encompassing biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, etc. The environmental and health segment covers chemical regulation and food safety, ecological and biological sciences, environmental and earth sciences and others. The company generates almost all of its revenues from America.
83GF Score
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