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.
Frontage HoldingsFGHQF -3.57%67 Return-on-Tangible-Asset is 2.35% as of Dec. 2025, which is 62% below its 10-year median of 6.13. GuruFocus rates FGHQF with a GF Score™ of 67/100 and a GF Value™ of $0.23 (Significantly Undervalued). The stock has 8 warning signs investors should review. Among 1,414 Biotechnology companies, Frontage Holdings ranks better than 83.45% 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. Frontage Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was $7.7 Mil. Frontage Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was $329.3 Mil. Therefore, Frontage Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.35%.
The historical rank and industry rank for Frontage Holdings's Return-on-Tangible-Asset or its related term are showing as below:
FGHQF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.23 Med: 6.13 Max: 20.43
Current: 2.05
During the past 10 years, Frontage Holdings's highest Return-on-Tangible-Asset was 20.43%. The lowest was 0.23%. And the median was 6.13%.
FGHQF's Return-on-Tangible-Asset is ranked better than 83.45% of 1414
companies
in the Biotechnology industry
Industry Median: -35.66
vs FGHQF: 2.05
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.
Frontage Holdings Return-on-Tangible-Asset Related Terms
Frontage Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Frontage Holdings'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.
FGHQF vs VRTX, REGN, RVMD: Return-on-Tangible-Asset Comparison
For the Biotechnology subindustry, Frontage Holdings'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.
Frontage Holdings Return-on-Tangible-Asset vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Frontage Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Frontage Holdings'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 2.35% mean?
Frontage Holdings (FGHQF) has a Return-on-Tangible-Asset of 2.35% 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 Frontage Holdings and its competitors. This is 62% below median its historical median of 6.13. Over the past decade, Frontage Holdings' Return-on-Tangible-Asset has ranged from 0.23 to 20.43. According to the industry distribution chart, Frontage Holdings ranks #234 out of 1414 companies in the Biotechnology industry, placing it in the top 16.5%.
Is Frontage Holdings' Return-on-Tangible-Asset too high?
Frontage Holdings' current Return-on-Tangible-Asset of 2.35% is 62% below median its 10-year median of 6.13. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 20.43. Based on the distribution chart, Frontage Holdings ranks #234 out of 1414 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Frontage Holdings has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Frontage Holdings' Return-on-Tangible-Asset compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Frontage Holdings ranks #234 out of 1414 companies for Return-on-Tangible-Asset. This places Frontage Holdings in the top 17% of its industry — outperforming the majority of peers. Historically, Frontage Holdings' own Return-on-Tangible-Asset has ranged from 0.23 to 20.43 over the past decade. 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 Biotechnology company?
A good Return-on-Tangible-Asset depends on the Biotechnology industry context. 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 Frontage Holdings and its competitors. Frontage Holdings's current Return-on-Tangible-Asset is 2.35%, which is 62% below median its own 10-year median of 6.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontage Holdings stock overvalued right now?
Based on GuruFocus' analysis, Frontage Holdings (FGHQF) is currently considered Significantly Undervalued. The stock's GF Value™ is $0.23, compared to a current price of $0.14 — trading 41.3% below its estimated fair value. The current Return-on-Tangible-Asset is 2.35%, which is 62% below median its 10-year median of 6.13. Frontage Holdings' overall GF Score™ is 67/100 with 8 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 Frontage Holdings (FGHQF), the current Return-on-Tangible-Asset is 2.35% 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.
Is Frontage Holdings (FGHQF) Overvalued in 2026?
Based on GuruFocus' analysis, Frontage Holdings stock appears to be undervalued.
The current stock price of $0.14 is trading 41.3% below its estimated GF Value™ of $0.23.
GuruFocus considers Frontage Holdings to be Significantly Undervalued.
Key valuation signals for FGHQF:
Return-on-Tangible-Asset: 2.35% (62% below median its 10-year median of 6.13)
GF Value™: $0.23 vs. price of $0.14 (41.3% below fair value)
No single metric tells the full story. See the FGHQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frontage Holdings Corp provides laboratory and related services to pharmaceutical and agrochemical companies. Its segments include North America and Europe segment, including drug discovery, drug development, pharmaceutical product development and laboratory testing in the USA, Canada and Europe; and PRC segment, including drug discovery, drug development, pharmaceutical product development and laboratory testing in the PRC. It derives majority of the revenue from North America and Europe segment. Geographically majority of the revenue is derived from USA and Canada.
67GF Score
Get the complete analysis for FGHQF
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
FGHQF has been successfully added to your 
