Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
FBS GlobalFBGL -2.61%32 Return-on-Tangible-Asset is -18.36% as of Dec. 2025. GuruFocus rates FBGL with a GF Score™ of 32/100. The stock has 3 warning signs investors should review. Among 1,783 Construction companies, FBS Global ranks worse than 90.41% 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. FBS Global's annualizedNet Income for the quarter that ended in Dec. 2025 was $-3.53 Mil. FBS Global's average total tangible assets for the quarter that ended in Dec. 2025 was $19.24 Mil. Therefore, FBS Global's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -18.36%.
The historical rank and industry rank for FBS Global's Return-on-Tangible-Asset or its related term are showing as below:
FBGL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.5 Med: -1.75 Max: 9.97
Current: -9.44
During the past 6 years, FBS Global's highest Return-on-Tangible-Asset was 9.97%. The lowest was -9.50%. And the median was -1.75%.
FBGL's Return-on-Tangible-Asset is ranked worse than 90.41% of 1783
companies
in the Construction industry
Industry Median: 3.05
vs FBGL: -9.44
FBS Global (NAS:FBGL) 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.
FBS Global Return-on-Tangible-Asset Related Terms
FBS Global Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for FBS Global'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.
FBGL vs MSGY, MIMI, MGN: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, FBS Global'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.
FBS Global Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, FBS Global's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where FBS Global'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -18.36% mean?
FBS Global (FBGL) has a Return-on-Tangible-Asset of -18.36% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on FBS Global and its competitors. According to the industry distribution chart, FBS Global ranks #1612 out of 1783 companies in the Construction industry, placing it in the top 90.4%.
Is FBS Global's Return-on-Tangible-Asset too high?
FBS Global's current Return-on-Tangible-Asset is -18.36%. Based on the distribution chart, FBS Global ranks #1612 out of 1783 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, FBS Global has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does FBS Global's Return-on-Tangible-Asset compare to MSGY and MIMI?
According to the Construction industry distribution chart, FBS Global ranks #1612 out of 1783 companies for Return-on-Tangible-Asset. This places FBS Global in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.05. 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 3.05, based on 1,783 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 FBS Global and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FBS Global's current Return-on-Tangible-Asset is -18.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FBS Global stock overvalued right now?
FBS Global (FBGL) has a current Return-on-Tangible-Asset of -18.36%. The current Return-on-Tangible-Asset is -18.36%. FBS Global's overall GF Score™ is 32/100 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 FBS Global (FBGL), the current Return-on-Tangible-Asset is -18.36% as of Dec. 2025. 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.
FBS Global Ltd is a green building contractor and an established interior fit-out specialist in institutional, residential, commercial, and industrial building projects. As a green contractor focused on environmentally sound practices, the company aims to bid tenders for green building projects, use green construction methods and green materials for construction projects, including design, supply, and installation of ceilings, partitions, timber deck, carpet, acoustic wall paneling, built-in furniture, as well as mechanical and electrical services of a building. The company's revenue is derived mainly from the construction contracts and sales of construction materials.
32GF Score
Get the complete analysis for FBGL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FBGL has been successfully added to your 
