FabrinetFN -2.52%91 Return-on-Tangible-Asset is 14.79% as of Mar. 2026, which is 43% above its 10-year median of 10.37. GuruFocus rates FN with a GF Score™ of 91/100 and a GF Value™ of $366.65 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,502 Hardware companies, Fabrinet ranks better than 93.05% 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. Fabrinet's annualizedNet Income for the quarter that ended in Mar. 2026 was $501 Mil. Fabrinet's average total tangible assets for the quarter that ended in Mar. 2026 was $3,386 Mil. Therefore, Fabrinet's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.79%.
The historical rank and industry rank for Fabrinet's Return-on-Tangible-Asset or its related term are showing as below:
FN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.01 Med: 10.37 Max: 13.82
Current: 13.82
During the past 13 years, Fabrinet's highest Return-on-Tangible-Asset was 13.82%. The lowest was 8.01%. And the median was 10.37%.
FN's Return-on-Tangible-Asset is ranked better than 93.05% of 2502
companies
in the Hardware industry
Industry Median: 2.395
vs FN: 13.82
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.
Fabrinet Return-on-Tangible-Asset Related Terms
Fabrinet Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Fabrinet'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.
FN vs TTMI, VICR, SANM: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Fabrinet'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.
Fabrinet Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Fabrinet's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Fabrinet'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 14.79% mean?
Fabrinet (FN) has a Return-on-Tangible-Asset of 14.79% 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 Fabrinet and its competitors. This is 43% above median its historical median of 10.37. Over the past decade, Fabrinet's Return-on-Tangible-Asset has ranged from 8.01 to 13.82. According to the industry distribution chart, Fabrinet ranks #174 out of 2502 companies in the Hardware industry, placing it in the top 7%.
Is Fabrinet's Return-on-Tangible-Asset too high?
Fabrinet's current Return-on-Tangible-Asset of 14.79% is 43% above median its 10-year median of 10.37. Over the past 10 years, this metric has ranged from a low of 8.01 to a high of 13.82. The Hardware industry median Return-on-Tangible-Asset is 2.40. Fabrinet's value of 14.79% is 517.5% above this industry median. Based on the distribution chart, Fabrinet ranks #174 out of 2502 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Fabrinet has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fabrinet's Return-on-Tangible-Asset compare to TTMI and VICR?
According to the Hardware industry distribution chart, Fabrinet ranks #174 out of 2502 companies for Return-on-Tangible-Asset. This places Fabrinet in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.40. Fabrinet's value of 14.79% is 517.5% above this benchmark. Historically, Fabrinet's own Return-on-Tangible-Asset has ranged from 8.01 to 13.82 over the past decade. While the company's 10-year median is 10.37 vs. the industry median of 2.40, Fabrinet 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.40, based on 2,502 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. Fabrinet's current Return-on-Tangible-Asset of 14.79% is 517.5% 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 Fabrinet and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fabrinet's current Return-on-Tangible-Asset is 14.79%, which is 43% above median its own 10-year median of 10.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fabrinet stock overvalued right now?
Based on GuruFocus' analysis, Fabrinet (FN) is currently considered Significantly Overvalued. The stock's GF Value™ is $366.65, compared to a current price of $547.94 — trading 49.4% above its estimated fair value. The current Return-on-Tangible-Asset is 14.79%, which is 43% above median its 10-year median of 10.37 and 517.5% above the Hardware industry median of 2.40. Fabrinet's overall GF Score™ is 91/100 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 Fabrinet (FN), the current Return-on-Tangible-Asset is 14.79% 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 Fabrinet (FN) Overvalued in 2026?
Based on GuruFocus' analysis, Fabrinet stock appears to be overvalued.
The current stock price of $547.94 is trading 49.4% above its estimated GF Value™ of $366.65.
GuruFocus considers Fabrinet to be Significantly Overvalued.
Key valuation signals for FN:
Return-on-Tangible-Asset: 14.79% (43% above median its 10-year median of 10.37)
GF Value™: $366.65 vs. price of $547.94 (49.4% above fair value)
Industry Position: 517.5% above the Hardware median (#174 of 2502)
No single metric tells the full story. See the FN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fabrinet provides advance-level optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices, and sensors. The company offers a broad range of advance optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advance-level of packaging, integration, final assembly, and testing. The company generates the majority of its revenue from North America and Asia-Pacific, with the rest from Europe.
91GF Score
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