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.
Investment AB LatourFRA:18LB +1.19%85 Return-on-Tangible-Asset is 3.07% as of Mar. 2026, which is 77% below its 10-year median of 13.22. GuruFocus rates FRA:18LB with a GF Score™ of 85/100 and a GF Value™ of €24.45 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 568 Conglomerates companies, Investment AB Latour ranks better than 87.68% 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. Investment AB Latour's annualizedNet Income for the quarter that ended in Mar. 2026 was €141 Mil. Investment AB Latour's average total tangible assets for the quarter that ended in Mar. 2026 was €4,591 Mil. Therefore, Investment AB Latour's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.07%.
The historical rank and industry rank for Investment AB Latour's Return-on-Tangible-Asset or its related term are showing as below:
FRA:18LB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.02 Med: 13.22 Max: 20.57
Current: 9.02
During the past 13 years, Investment AB Latour's highest Return-on-Tangible-Asset was 20.57%. The lowest was 9.02%. And the median was 13.22%.
FRA:18LB's Return-on-Tangible-Asset is ranked better than 87.68% of 568
companies
in the Conglomerates industry
Industry Median: 2.735
vs FRA:18LB: 9.02
Investment AB Latour (FRA:18LB) 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.
Investment AB Latour Return-on-Tangible-Asset Related Terms
Investment AB Latour Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Investment AB Latour'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.
Investment AB Latour Return-on-Tangible-Asset Chart
FRA:18LB vs HON, MMM: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Investment AB Latour'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.
Investment AB Latour Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Investment AB Latour's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Investment AB Latour'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 3.07% mean?
Investment AB Latour (FRA:18LB) has a Return-on-Tangible-Asset of 3.07% 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 Investment AB Latour and its competitors. This is 77% below median its historical median of 13.22. Over the past decade, Investment AB Latour's Return-on-Tangible-Asset has ranged from 9.02 to 20.57. According to the industry distribution chart, Investment AB Latour ranks #70 out of 568 companies in the Conglomerates industry, placing it in the top 12.3%.
Is Investment AB Latour's Return-on-Tangible-Asset too high?
Investment AB Latour's current Return-on-Tangible-Asset of 3.07% is 77% below median its 10-year median of 13.22. Over the past 10 years, this metric has ranged from a low of 9.02 to a high of 20.57. The Conglomerates industry median Return-on-Tangible-Asset is 2.74. Investment AB Latour's value of 3.07% is 12.2% above this industry median. Based on the distribution chart, Investment AB Latour ranks #70 out of 568 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Investment AB Latour has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Investment AB Latour's Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, Investment AB Latour ranks #70 out of 568 companies for Return-on-Tangible-Asset. This places Investment AB Latour in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.74. Investment AB Latour's value of 3.07% is 12.2% above this benchmark. Historically, Investment AB Latour's own Return-on-Tangible-Asset has ranged from 9.02 to 20.57 over the past decade. While the company's 10-year median is 13.22 vs. the industry median of 2.74, Investment AB Latour 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.74, based on 568 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. Investment AB Latour's current Return-on-Tangible-Asset of 3.07% is 12.2% 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 Investment AB Latour and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Investment AB Latour's current Return-on-Tangible-Asset is 3.07%, which is 77% below median its own 10-year median of 13.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Investment AB Latour stock overvalued right now?
Based on GuruFocus' analysis, Investment AB Latour (FRA:18LB) is currently considered Modestly Undervalued. The stock's GF Value™ is €24.45, compared to a current price of €17.80 — trading 27.2% below its estimated fair value. The current Return-on-Tangible-Asset is 3.07%, which is 77% below median its 10-year median of 13.22 and 12.2% above the Conglomerates industry median of 2.74. Investment AB Latour's overall GF Score™ is 85/100 with 2 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 Investment AB Latour (FRA:18LB), the current Return-on-Tangible-Asset is 3.07% 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 Investment AB Latour (FRA:18LB) Overvalued in 2026?
Based on GuruFocus' analysis, Investment AB Latour stock appears to be undervalued.
The current stock price of €17.80 is trading 27.2% below its estimated GF Value™ of €24.45.
GuruFocus considers Investment AB Latour to be Modestly Undervalued.
Key valuation signals for FRA:18LB:
Return-on-Tangible-Asset: 3.07% (77% below median its 10-year median of 13.22)
GF Value™: €24.45 vs. price of €17.80 (27.2% below fair value)
Industry Position: 12.2% above the Conglomerates median (#70 of 568)
No single metric tells the full story. See the FRA:18LB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Investment AB Latour is an investment holding company that makes investments in wholly owned industrial operations and a portfolio of securities. Latour has a long-term and activist orientation, with the vast majority of its total net asset value deriving from companies that have been in its portfolio for more than 20 years. The company measures its performance against its benchmark, the Stockholm Stock Exchange's total return index. Its criterion is to invest in companies that have their own products that meet growing international demand. Latour specifically evaluates four trends: demographic development, sustainability, globalization, and competition for limited resources.
85GF Score
Get the complete analysis for FRA:18LB
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
FRA:18LB has been successfully added to your 
