Underwood CapitalFRA:2P9 Return-on-Tangible-Asset is 27.56% as of Dec. 2025. The stock has 4 warning signs investors should review. Among 1,635 Asset Management companies, Underwood Capital ranks better than 75.84% 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. Underwood Capital's annualizedNet Income for the quarter that ended in Dec. 2025 was €3.82 Mil. Underwood Capital's average total tangible assets for the quarter that ended in Dec. 2025 was €13.85 Mil. Therefore, Underwood Capital's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 27.56%.
The historical rank and industry rank for Underwood Capital's Return-on-Tangible-Asset or its related term are showing as below:
FRA:2P9'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -94.88 Med: -12.76 Max: 61.61
Current: 12.59
During the past 10 years, Underwood Capital's highest Return-on-Tangible-Asset was 61.61%. The lowest was -94.88%. And the median was -12.76%.
FRA:2P9's Return-on-Tangible-Asset is ranked better than 75.84% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs FRA:2P9: 12.59
Underwood Capital (FRA:2P9) 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.
Underwood Capital Return-on-Tangible-Asset Related Terms
Underwood Capital Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Underwood Capital'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.
FRA:2P9 vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Underwood Capital'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.
Underwood Capital Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Underwood Capital's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Underwood Capital'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 27.56% mean?
Underwood Capital (FRA:2P9) has a Return-on-Tangible-Asset of 27.56% 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 Underwood Capital and its competitors. According to the industry distribution chart, Underwood Capital ranks #395 out of 1635 companies in the Asset Management industry, placing it in the top 24.2%.
Is Underwood Capital's Return-on-Tangible-Asset too high?
Underwood Capital's current Return-on-Tangible-Asset is 27.56%. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Underwood Capital's value of 27.56% is 551.5% above this industry median. Based on the distribution chart, Underwood Capital ranks #395 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers.
How does Underwood Capital's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Underwood Capital ranks #395 out of 1635 companies for Return-on-Tangible-Asset. This places Underwood Capital in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.23. Underwood Capital's value of 27.56% is 551.5% above this benchmark. 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.23, based on 1,635 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. Underwood Capital's current Return-on-Tangible-Asset of 27.56% is 551.5% 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 Underwood Capital and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Underwood Capital's current Return-on-Tangible-Asset is 27.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Underwood Capital stock overvalued right now?
Underwood Capital (FRA:2P9) has a current Return-on-Tangible-Asset of 27.56%. The current Return-on-Tangible-Asset is 27.56% and 551.5% above the Asset Management industry median of 4.23. 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 Underwood Capital (FRA:2P9), the current Return-on-Tangible-Asset is 27.56% 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.
Underwood Capital Ltd is a specialist investment company. The company focuses on producing capital growth for shareholders over the medium term from investments in listed and unlisted equities and debt securities.
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