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Bright Smart Securitiesmmodities GroupFRA:0BX -4.46%38 Return-on-Tangible-Asset is 6.99% as of Mar. 2026, which is 8% above its 10-year median of 6.45. GuruFocus rates FRA:0BX with a GF Score™ of 38/100 and a GF Value™ of €0.31 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 818 Capital Markets companies, Bright Smart Securitiesmmodities Group ranks better than 79.71% on this metric.
FRA:0BX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.83 Med: 6.45 Max: 8.37
Current: 7.33
During the past 13 years, Bright Smart Securitiesmmodities Group's highest Return-on-Tangible-Asset was 8.37%. The lowest was 3.83%. And the median was 6.45%.
FRA:0BX's Return-on-Tangible-Asset is ranked better than 79.71% of 818
companies
in the Capital Markets industry
Industry Median: 1.55
vs FRA:0BX: 7.33
Bright Smart Securitiesmmodities Group (FRA:0BX) 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.
Bright Smart Securitiesmmodities Group Return-on-Tangible-Asset Related Terms
Bright Smart Securitiesmmodities Group Return-on-Tangible-Asset Historical Data
* 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.
Bright Smart Securitiesmmodities Group Return-on-Tangible-Asset Chart
Bright Smart Securitiesmmodities Group Annual Data
FRA:0BX vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Bright Smart Securitiesmmodities Group'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.
Bright Smart Securitiesmmodities Group Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bright Smart Securitiesmmodities Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bright Smart Securitiesmmodities Group'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.99% mean?
Bright Smart Securitiesmmodities Group (FRA:0BX) has a Return-on-Tangible-Asset of 6.99% 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 Bright Smart Securitiesmmodities Group and its competitors. This is near median its historical median of 6.45. Over the past decade, Bright Smart Securitiesmmodities Group's Return-on-Tangible-Asset has ranged from 3.83 to 8.37. According to the industry distribution chart, Bright Smart Securitiesmmodities Group ranks #166 out of 818 companies in the Capital Markets industry, placing it in the top 20.3%.
Is Bright Smart Securitiesmmodities Group's Return-on-Tangible-Asset too high?
Bright Smart Securitiesmmodities Group's current Return-on-Tangible-Asset of 6.99% is near median its 10-year median of 6.45. Over the past 10 years, this metric has ranged from a low of 3.83 to a high of 8.37. The Capital Markets industry median Return-on-Tangible-Asset is 1.55. Bright Smart Securitiesmmodities Group's value of 6.99% is 351% above this industry median. Based on the distribution chart, Bright Smart Securitiesmmodities Group ranks #166 out of 818 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bright Smart Securitiesmmodities Group has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bright Smart Securitiesmmodities Group's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Bright Smart Securitiesmmodities Group ranks #166 out of 818 companies for Return-on-Tangible-Asset. This places Bright Smart Securitiesmmodities Group in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.55. Bright Smart Securitiesmmodities Group's value of 6.99% is 351% above this benchmark. Historically, Bright Smart Securitiesmmodities Group's own Return-on-Tangible-Asset has ranged from 3.83 to 8.37 over the past decade. While the company's 10-year median is 6.45 vs. the industry median of 1.55, Bright Smart Securitiesmmodities Group 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.55, based on 818 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. Bright Smart Securitiesmmodities Group's current Return-on-Tangible-Asset of 6.99% is 351% 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 Bright Smart Securitiesmmodities Group and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bright Smart Securitiesmmodities Group's current Return-on-Tangible-Asset is 6.99%, which is near median its own 10-year median of 6.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bright Smart Securitiesmmodities Group stock overvalued right now?
Based on GuruFocus' analysis, Bright Smart Securitiesmmodities Group (FRA:0BX) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.31, compared to a current price of €0.75 — trading 141.9% above its estimated fair value. The current Return-on-Tangible-Asset is 6.99%, which is near median its 10-year median of 6.45 and 351% above the Capital Markets industry median of 1.55. Bright Smart Securitiesmmodities Group's overall GF Score™ is 38/100 with 7 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 Bright Smart Securitiesmmodities Group (FRA:0BX), the current Return-on-Tangible-Asset is 6.99% 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 Bright Smart Securitiesmmodities Group (FRA:0BX) Overvalued in 2026?
Based on GuruFocus' analysis, Bright Smart Securitiesmmodities Group stock appears to be overvalued.
The current stock price of €0.75 is trading 141.9% above its estimated GF Value™ of €0.31.
GuruFocus considers Bright Smart Securitiesmmodities Group to be Significantly Overvalued.
Key valuation signals for FRA:0BX:
Return-on-Tangible-Asset: 6.99% (near median its 10-year median of 6.45)
GF Value™: €0.31 vs. price of €0.75 (141.9% above fair value)
Industry Position: 351% above the Capital Markets median (#166 of 818)
No single metric tells the full story. See the FRA:0BX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bright Smart Securities & Commodities Group Ltd is a company that provides financial services, including securities broking, margin financing, commodities & futures broking, bullion trading and leveraged foreign exchange trading. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded overseas. The company generates majority of its revenue from the Securities broking segment.
38GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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