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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. Goodbye Kansas Group AB's annualizedNet Income for the quarter that ended in Mar. 2026 was €0.84 Mil. Goodbye Kansas Group AB's average total tangible assets for the quarter that ended in Mar. 2026 was €3.95 Mil. Therefore, Goodbye Kansas Group AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 21.19%.
The historical rank and industry rank for Goodbye Kansas Group AB's Return-on-Tangible-Asset or its related term are showing as below:
FRA:3MB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -125.58 Med: -80.58 Max: -32.06
Current: -62.75
During the past 10 years, Goodbye Kansas Group AB's highest Return-on-Tangible-Asset was -32.06%. The lowest was -125.58%. And the median was -80.58%.
FRA:3MB's Return-on-Tangible-Asset is ranked worse than 93.6% of 1032
companies
in the Media - Diversified industry
Industry Median: 0.82
vs FRA:3MB: -62.75
Goodbye Kansas Group AB (FRA:3MB) 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.
Goodbye Kansas Group AB Return-on-Tangible-Asset Related Terms
Goodbye Kansas Group AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Goodbye Kansas Group AB'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.
Goodbye Kansas Group AB Return-on-Tangible-Asset Chart
FRA:3MB vs NFLX, DIS, WBD: Return-on-Tangible-Asset Comparison
For the Entertainment subindustry, Goodbye Kansas Group AB'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.
Goodbye Kansas Group AB Return-on-Tangible-Asset vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Goodbye Kansas Group AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Goodbye Kansas Group AB'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 21.19% mean?
Goodbye Kansas Group AB (FRA:3MB) has a Return-on-Tangible-Asset of 21.19% 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 Goodbye Kansas Group AB and its competitors. According to the industry distribution chart, Goodbye Kansas Group AB ranks #966 out of 1032 companies in the Media - Diversified industry, placing it in the top 93.6%.
Is Goodbye Kansas Group AB's Return-on-Tangible-Asset too high?
Goodbye Kansas Group AB's current Return-on-Tangible-Asset is 21.19%. The Media - Diversified industry median Return-on-Tangible-Asset is 0.82. Goodbye Kansas Group AB's value of 21.19% is 2484.1% above this industry median. Based on the distribution chart, Goodbye Kansas Group AB ranks #966 out of 1032 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Goodbye Kansas Group AB has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Goodbye Kansas Group AB's Return-on-Tangible-Asset compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Goodbye Kansas Group AB ranks #966 out of 1032 companies for Return-on-Tangible-Asset. This places Goodbye Kansas Group AB in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.82. Goodbye Kansas Group AB's value of 21.19% is 2484.1% 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 a Media - Diversified company?
The median Return-on-Tangible-Asset among Media - Diversified companies is 0.82, based on 1,032 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. Goodbye Kansas Group AB's current Return-on-Tangible-Asset of 21.19% is 2484.1% 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 Goodbye Kansas Group AB and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Asset is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodbye Kansas Group AB's current Return-on-Tangible-Asset is 21.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodbye Kansas Group AB stock overvalued right now?
Goodbye Kansas Group AB (FRA:3MB) has a current Return-on-Tangible-Asset of 21.19%. The stock's GF Value™ is €0.06, compared to a current price of €0.12 — trading 94% above its estimated fair value. The current Return-on-Tangible-Asset is 21.19% and 2484.1% above the Media - Diversified industry median of 0.82. Goodbye Kansas Group AB's overall GF Score™ is 35/100 with 5 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 Goodbye Kansas Group AB (FRA:3MB), the current Return-on-Tangible-Asset is 21.19% 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 Goodbye Kansas Group AB (FRA:3MB) Overvalued in 2026?
Based on GuruFocus' analysis, Goodbye Kansas Group AB stock appears to be overvalued.
The current stock price of €0.12 is trading 94% above its estimated GF Value™ of €0.06.
Key valuation signals for FRA:3MB:
Return-on-Tangible-Asset: 21.19%
GF Value™: €0.06 vs. price of €0.12 (94% above fair value)
Industry Position: 2484.1% above the Media - Diversified median (#966 of 1032)
No single metric tells the full story. See the FRA:3MB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goodbye Kansas Group AB specializes in visual content and technology. The company develops products and solutions based on the latest technology with a focus on Visual Effects (VFX), Animation, Game Trailers, and In-Game. The group is organized in two parts: Goodbye Kansas Studios and Other Operations. Goodbye Kansas Studios includes the studio business, which offers visual content to film, TV, and gaming. Other operations include the company Vobling, which offers virtual training through VR, and Plotagon Production, which offers an app for 3D animation.
35GF Score
Get the complete analysis for FRA:3MB
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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