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FRA:2ES's Return-on-Tangible-Asset is ranked better than 55.59% of 939
companies
in the REITs industry
Industry Median: 3.24
vs FRA:2ES: 3.76
Industrial & Infrastructure Fund Investment (FRA:2ES) 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.
Industrial & Infrastructure Fund Investment Return-on-Tangible-Asset Related Terms
Industrial & Infrastructure Fund Investment 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.
Industrial & Infrastructure Fund Investment Return-on-Tangible-Asset Chart
Industrial & Infrastructure Fund Investment Annual Data
FRA:2ES vs PLD, PSA, EXR: Return-on-Tangible-Asset Comparison
For the REIT - Industrial subindustry, Industrial & Infrastructure Fund Investment'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.
Industrial & Infrastructure Fund Investment Return-on-Tangible-Asset vs REITs Industry
* 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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.92% mean?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a Return-on-Tangible-Asset of 3.92% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Industrial & Infrastructure Fund Investment and its competitors. This is 15% above median its historical median of 3.40. Over the past decade, Industrial & Infrastructure Fund Investment's Return-on-Tangible-Asset has ranged from 3.13 to 3.76. According to the industry distribution chart, Industrial & Infrastructure Fund Investment ranks #417 out of 939 companies in the REITs industry, placing it in the top 44.4%.
Is Industrial & Infrastructure Fund Investment's Return-on-Tangible-Asset too high?
Industrial & Infrastructure Fund Investment's current Return-on-Tangible-Asset of 3.92% is 15% above median its 10-year median of 3.40. Over the past 10 years, this metric has ranged from a low of 3.13 to a high of 3.76. The REITs industry median Return-on-Tangible-Asset is 3.24. Industrial & Infrastructure Fund Investment's value of 3.92% is 21% above this industry median. Based on the distribution chart, Industrial & Infrastructure Fund Investment ranks #417 out of 939 companies in the REITs industry, which is above the industry midpoint. Overall, Industrial & Infrastructure Fund Investment has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Industrial & Infrastructure Fund Investment's Return-on-Tangible-Asset compare to PLD and PSA?
According to the REITs industry distribution chart, Industrial & Infrastructure Fund Investment ranks #417 out of 939 companies for Return-on-Tangible-Asset. This puts Industrial & Infrastructure Fund Investment in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.24. Industrial & Infrastructure Fund Investment's value of 3.92% is 21% above this benchmark. Historically, Industrial & Infrastructure Fund Investment's own Return-on-Tangible-Asset has ranged from 3.13 to 3.76 over the past decade. While the company's 10-year median is 3.40 vs. the industry median of 3.24, Industrial & Infrastructure Fund Investment 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.24, based on 939 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. Industrial & Infrastructure Fund Investment's current Return-on-Tangible-Asset of 3.92% is 21% 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 Industrial & Infrastructure Fund Investment and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial & Infrastructure Fund Investment's current Return-on-Tangible-Asset is 3.92%, which is 15% above median its own 10-year median of 3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial & Infrastructure Fund Investment stock overvalued right now?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a current Return-on-Tangible-Asset of 3.92%. The stock's GF Value™ is €755.39, compared to a current price of €765.00 — trading 1.3% above its estimated fair value. The current Return-on-Tangible-Asset is 3.92%, which is 15% above median its 10-year median of 3.40 and 21% above the REITs industry median of 3.24. Industrial & Infrastructure Fund Investment's overall GF Score™ is 77/100 with 10 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 Industrial & Infrastructure Fund Investment (FRA:2ES), the current Return-on-Tangible-Asset is 3.92% as of Jan. 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 Industrial & Infrastructure Fund Investment (FRA:2ES) Overvalued in 2026?
Based on GuruFocus' analysis, Industrial & Infrastructure Fund Investment stock appears to be overvalued.
The current stock price of €765.00 is trading 1.3% above its estimated GF Value™ of €755.39.
Key valuation signals for FRA:2ES:
Return-on-Tangible-Asset: 3.92% (15% above median its 10-year median of 3.40)
GF Value™: €755.39 vs. price of €765.00 (1.3% above fair value)
Industry Position: 21% above the REITs median (#417 of 939)
No single metric tells the full story. See the FRA:2ES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrial & Infrastructure Fund Investment Business Description
Industrial & Infrastructure Fund Investment Corp operates as a J-REIT specializing in industrial properties. The company focuses on industrial properties including logistic facilities, manufacturing and R&D facilities, and infrastructures.
77GF Score
Get the complete analysis for FRA:2ES
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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