Scandinavian Investment Group (FRA:2D2) Return-on-Tangible-Asset: 0.57% (As of Dec. 2025) — 87% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:2D2 Scandinavian Investment Group Ltd FRA:2D2
30 GF Score
Price €0.42
! 4 Warning Signs
View Full Analysis

What is Scandinavian Investment Group Return-on-Tangible-Asset?

Scandinavian Investment Group FRA:2D2 +0.48% 30 Return-on-Tangible-Asset is 0.57% as of Dec. 2025, which is 87% below its 10-year median of 4.40. GuruFocus rates FRA:2D2 with a GF Score™ of 30/100. The stock has 4 warning signs investors should review. Among 287 Forest Products companies, Scandinavian Investment Group ranks better than 62.02% 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. Scandinavian Investment Group's annualized Net Income for the quarter that ended in Dec. 2025 was €0.27 Mil. Scandinavian Investment Group's average total tangible assets for the quarter that ended in Dec. 2025 was €46.67 Mil. Therefore, Scandinavian Investment Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 0.57%.

The historical rank and industry rank for Scandinavian Investment Group's Return-on-Tangible-Asset or its related term are showing as below:

FRA:2D2' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.49   Med: 4.4   Max: 17.27
Current: 2.06

During the past 13 years, Scandinavian Investment Group's highest Return-on-Tangible-Asset was 17.27%. The lowest was -4.49%. And the median was 4.40%.

FRA:2D2's Return-on-Tangible-Asset is ranked better than
62.02% of 287 companies
in the Forest Products industry
Industry Median: 0.99 vs FRA:2D2: 2.06

Scandinavian Investment Group  (FRA:2D2) 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 company’s 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 company’s 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.


Scandinavian Investment Group Return-on-Tangible-Asset Related Terms


Scandinavian Investment Group Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Scandinavian Investment Group'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.

Scandinavian Investment Group Return-on-Tangible-Asset Chart

Scandinavian Investment Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.19 9.46 3.69 5.11 2.02

Scandinavian Investment Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 6.26 3.91 3.76 0.57

FRA:2D2 vs SSD, UFPI, BCC: Return-on-Tangible-Asset Comparison

For the Lumber & Wood Production subindustry, Scandinavian Investment 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.


Scandinavian Investment Group Return-on-Tangible-Asset vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Scandinavian Investment Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Scandinavian Investment Group's Return-on-Tangible-Asset falls into.


FRA:2D2
30GF Score
Scandinavian Investment Group Ltd FRA:2D2
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Scandinavian Investment Group Return-on-Tangible-Asset Calculation

Scandinavian Investment Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=0.924/( (41.192+50.49)/ 2 )
=0.924/45.841
=2.02 %

Scandinavian Investment Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=0.268/( (42.854+50.49)/ 2 )
=0.268/46.672
=0.57 %

* 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 0.57% mean?
Scandinavian Investment Group (FRA:2D2) has a Return-on-Tangible-Asset of 0.57% 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 Scandinavian Investment Group and its competitors. This is 87% below median its historical median of 4.40. According to the industry distribution chart, Scandinavian Investment Group ranks #109 out of 287 companies in the Forest Products industry, placing it in the top 38%.
Is Scandinavian Investment Group's Return-on-Tangible-Asset too high?
Scandinavian Investment Group's current Return-on-Tangible-Asset of 0.57% is 87% below median its 10-year median of 4.40. The Forest Products industry median Return-on-Tangible-Asset is 0.99. Scandinavian Investment Group's value of 0.57% is 42.4% below this industry median. Based on the distribution chart, Scandinavian Investment Group ranks #109 out of 287 companies in the Forest Products industry, which is above the industry midpoint. Overall, Scandinavian Investment Group has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Investment Group's Return-on-Tangible-Asset compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Scandinavian Investment Group ranks #109 out of 287 companies for Return-on-Tangible-Asset. This puts Scandinavian Investment Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Scandinavian Investment Group's value of 0.57% is 42.4% below this benchmark. While the company's 10-year median is 4.40 vs. the industry median of 0.99, Scandinavian Investment Group has consistently been below 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 Forest Products company?
The median Return-on-Tangible-Asset among Forest Products companies is 0.99, based on 287 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. Scandinavian Investment Group's current Return-on-Tangible-Asset of 0.57% is 42.4% below 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 Scandinavian Investment Group and its competitors. For the Forest Products industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scandinavian Investment Group's current Return-on-Tangible-Asset is 0.57%, which is 87% below median its own 10-year median of 4.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Investment Group stock overvalued right now?
Scandinavian Investment Group (FRA:2D2) has a current Return-on-Tangible-Asset of 0.57%. The current Return-on-Tangible-Asset is 0.57%, which is 87% below median its 10-year median of 4.40 and 42.4% below the Forest Products industry median of 0.99. Scandinavian Investment Group's overall GF Score™ is 30/100 with 4 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 Scandinavian Investment Group (FRA:2D2), the current Return-on-Tangible-Asset is 0.57% 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.

Scandinavian Investment Group Business Description

Other Exchanges SIG:Denmark
Address Herlev Hovedgade 195, Herlev, DNK, 2730
Scandinavian Investment Group Ltd is a listed trading company that invests in real estate, corporate bonds and shares in listed companies. The company takes an active and value-creating approach to all its investments, which means that it has a close dialog with the management of the companies it invests in as well as the tenants in the properties it owns.
30GF Score

Get the complete analysis for FRA:2D2

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.42
Price