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Bulgarian Stock Exchange ADFRA:0KP 59 Return-on-Tangible-Asset is 3.19% as of Mar. 2026, which is 23% above its 10-year median of 2.59. GuruFocus rates FRA:0KP with a GF Score™ of 59/100 and a GF Value™ of €9.93 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 816 Capital Markets companies, Bulgarian Stock Exchange AD ranks better than 58.7% on this metric.
The historical rank and industry rank for Bulgarian Stock Exchange AD's Return-on-Tangible-Asset or its related term are showing as below:
FRA:0KP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.61 Med: 2.59 Max: 11.2
Current: 2.38
During the past 13 years, Bulgarian Stock Exchange AD's highest Return-on-Tangible-Asset was 11.20%. The lowest was 0.61%. And the median was 2.59%.
FRA:0KP's Return-on-Tangible-Asset is ranked better than 58.7% of 816
companies
in the Capital Markets industry
Industry Median: 1.555
vs FRA:0KP: 2.38
Bulgarian Stock Exchange AD (FRA:0KP) 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.
Bulgarian Stock Exchange AD Return-on-Tangible-Asset Related Terms
Bulgarian Stock Exchange AD 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.
Bulgarian Stock Exchange AD Return-on-Tangible-Asset Chart
FRA:0KP vs SPGI, CME, ICE: Return-on-Tangible-Asset Comparison
For the Financial Data & Stock Exchanges subindustry, Bulgarian Stock Exchange AD'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.
Bulgarian Stock Exchange AD Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bulgarian Stock Exchange AD's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bulgarian Stock Exchange AD'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 3.19% mean?
Bulgarian Stock Exchange AD (FRA:0KP) has a Return-on-Tangible-Asset of 3.19% 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 Bulgarian Stock Exchange AD and its competitors. This is 23% above median its historical median of 2.59. Over the past decade, Bulgarian Stock Exchange AD's Return-on-Tangible-Asset has ranged from 0.61 to 11.20. According to the industry distribution chart, Bulgarian Stock Exchange AD ranks #337 out of 816 companies in the Capital Markets industry, placing it in the top 41.3%.
Is Bulgarian Stock Exchange AD's Return-on-Tangible-Asset too high?
Bulgarian Stock Exchange AD's current Return-on-Tangible-Asset of 3.19% is 23% above median its 10-year median of 2.59. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 11.20. The Capital Markets industry median Return-on-Tangible-Asset is 1.56. Bulgarian Stock Exchange AD's value of 3.19% is 105.1% above this industry median. Based on the distribution chart, Bulgarian Stock Exchange AD ranks #337 out of 816 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Bulgarian Stock Exchange AD has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Stock Exchange AD's Return-on-Tangible-Asset compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bulgarian Stock Exchange AD ranks #337 out of 816 companies for Return-on-Tangible-Asset. This puts Bulgarian Stock Exchange AD in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.56. Bulgarian Stock Exchange AD's value of 3.19% is 105.1% above this benchmark. Historically, Bulgarian Stock Exchange AD's own Return-on-Tangible-Asset has ranged from 0.61 to 11.20 over the past decade. While the company's 10-year median is 2.59 vs. the industry median of 1.56, Bulgarian Stock Exchange AD 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 1.56, based on 816 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. Bulgarian Stock Exchange AD's current Return-on-Tangible-Asset of 3.19% is 105.1% 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 Bulgarian Stock Exchange AD and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Stock Exchange AD's current Return-on-Tangible-Asset is 3.19%, which is 23% above median its own 10-year median of 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Stock Exchange AD stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Stock Exchange AD (FRA:0KP) is currently considered Possible Value Trap. The stock's GF Value™ is €9.93, compared to a current price of €7.00 — trading 29.5% below its estimated fair value. The current Return-on-Tangible-Asset is 3.19%, which is 23% above median its 10-year median of 2.59 and 105.1% above the Capital Markets industry median of 1.56. Bulgarian Stock Exchange AD's overall GF Score™ is 59/100 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 Bulgarian Stock Exchange AD (FRA:0KP), the current Return-on-Tangible-Asset is 3.19% 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 Bulgarian Stock Exchange AD (FRA:0KP) Overvalued in 2026?
Based on GuruFocus' analysis, Bulgarian Stock Exchange AD stock appears to be undervalued.
The current stock price of €7.00 is trading 29.5% below its estimated GF Value™ of €9.93.
GuruFocus considers Bulgarian Stock Exchange AD to be Possible Value Trap.
Key valuation signals for FRA:0KP:
Return-on-Tangible-Asset: 3.19% (23% above median its 10-year median of 2.59)
GF Value™: €9.93 vs. price of €7.00 (29.5% below fair value)
Industry Position: 105.1% above the Capital Markets median (#337 of 816)
No single metric tells the full story. See the FRA:0KP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bulgarian Stock Exchange AD is functioning stock exchange in Bulgaria. The principal activity of the group is to organize trade in securities and other financial instruments; organize and maintain an information system for security deals; and establish and maintain a clearing system. It has aggregated its operations into three reportable segments - Trading in Financial Instruments, Information Services, and Registration of Issues for Trading. It offers a wide range of RSS information services to serve the corporate clients, such as data-vendors, investment intermediaries, and issuers. The group performs their activities in Bulgaria only.
59GF 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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