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SterisFRA:2TG -2.00%86 Return-on-Tangible-Asset is 18.48% as of Mar. 2026, which is 32% above its 10-year median of 14.03. GuruFocus rates FRA:2TG with a GF Score™ of 86/100 and a GF Value™ of €226.27 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 855 Medical Devices & Instruments companies, Steris ranks better than 94.5% 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. Steris's annualizedNet Income for the quarter that ended in Mar. 2026 was €762 Mil. Steris's average total tangible assets for the quarter that ended in Mar. 2026 was €4,122 Mil. Therefore, Steris's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.48%.
The historical rank and industry rank for Steris's Return-on-Tangible-Asset or its related term are showing as below:
FRA:2TG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.5 Med: 14.03 Max: 17.48
Current: 17.31
During the past 13 years, Steris's highest Return-on-Tangible-Asset was 17.48%. The lowest was 2.50%. And the median was 14.03%.
FRA:2TG's Return-on-Tangible-Asset is ranked better than 94.5% of 855
companies
in the Medical Devices & Instruments industry
Industry Median: 0.62
vs FRA:2TG: 17.31
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.
Steris Return-on-Tangible-Asset Related Terms
Steris Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Steris'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:2TG vs ZBH, DXCM, PEN: Return-on-Tangible-Asset Comparison
For the Medical Devices subindustry, Steris'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.
Steris Return-on-Tangible-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Steris's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Steris'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 18.48% mean?
Steris (FRA:2TG) has a Return-on-Tangible-Asset of 18.48% 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 Steris and its competitors. This is 32% above median its historical median of 14.03. Over the past decade, Steris' Return-on-Tangible-Asset has ranged from 2.50 to 17.48. According to the industry distribution chart, Steris ranks #47 out of 855 companies in the Medical Devices & Instruments industry, placing it in the top 5.5%.
Is Steris' Return-on-Tangible-Asset too high?
Steris' current Return-on-Tangible-Asset of 18.48% is 32% above median its 10-year median of 14.03. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 17.48. The Medical Devices & Instruments industry median Return-on-Tangible-Asset is 0.62. Steris' value of 18.48% is 2880.6% above this industry median. Based on the distribution chart, Steris ranks #47 out of 855 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Steris has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Steris' Return-on-Tangible-Asset compare to ZBH and DXCM?
According to the Medical Devices & Instruments industry distribution chart, Steris ranks #47 out of 855 companies for Return-on-Tangible-Asset. This places Steris in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.62. Steris' value of 18.48% is 2880.6% above this benchmark. Historically, Steris' own Return-on-Tangible-Asset has ranged from 2.50 to 17.48 over the past decade. While the company's 10-year median is 14.03 vs. the industry median of 0.62, Steris 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Asset among Medical Devices & Instruments companies is 0.62, based on 855 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. Steris's current Return-on-Tangible-Asset of 18.48% is 2880.6% 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 Steris and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Asset is 0.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steris's current Return-on-Tangible-Asset is 18.48%, which is 32% above median its own 10-year median of 14.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steris stock overvalued right now?
Based on GuruFocus' analysis, Steris (FRA:2TG) is currently considered Modestly Undervalued. The stock's GF Value™ is €226.27, compared to a current price of €176.30 — trading 22.1% below its estimated fair value. The current Return-on-Tangible-Asset is 18.48%, which is 32% above median its 10-year median of 14.03 and 2880.6% above the Medical Devices & Instruments industry median of 0.62. Steris' overall GF Score™ is 86/100 with 1 warning sign 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 Steris (FRA:2TG), the current Return-on-Tangible-Asset is 18.48% 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 Steris (FRA:2TG) Overvalued in 2026?
Based on GuruFocus' analysis, Steris stock appears to be undervalued.
The current stock price of €176.30 is trading 22.1% below its estimated GF Value™ of €226.27.
GuruFocus considers Steris to be Modestly Undervalued.
Key valuation signals for FRA:2TG:
Return-on-Tangible-Asset: 18.48% (32% above median its 10-year median of 14.03)
GF Value™: €226.27 vs. price of €176.30 (22.1% below fair value)
Industry Position: 2880.6% above the Medical Devices & Instruments median (#47 of 855)
No single metric tells the full story. See the FRA:2TG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steris is an Ireland-domiciled medical technology company focused on sterilization services and infection prevention. The company is the global leader in contract sterilization services, ensuring the safe delivery of single-use and implantable medical equipment to hospitals around the world. Steris also sells sterilizers, washer-disinfectors, and other decontamination equipment and supplies for use by care provider facilities and in biopharma manufacturing sites. Domiciled in the United States before its inversion to Ireland, the firm derives approximately 70% of its revenue from Healthcare Services, 20% from Applied Sterilization Technologies, or AST, and 10% from life sciences services after the divestment of its dental products business.
86GF Score
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