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Systemair ABFRA:52SA -1.51%84 Return-on-Tangible-Asset is 8.24% as of Apr. 2026, which is 13% above its 10-year median of 7.31. GuruFocus rates FRA:52SA with a GF Score™ of 84/100 and a GF Value™ of €7.27 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,783 Construction companies, Systemair AB ranks better than 83.01% 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. Systemair AB's annualizedNet Income for the quarter that ended in Apr. 2026 was €64 Mil. Systemair AB's average total tangible assets for the quarter that ended in Apr. 2026 was €774 Mil. Therefore, Systemair AB's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 8.24%.
The historical rank and industry rank for Systemair AB's Return-on-Tangible-Asset or its related term are showing as below:
FRA:52SA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.76 Med: 7.31 Max: 13.23
Current: 9.06
During the past 13 years, Systemair AB's highest Return-on-Tangible-Asset was 13.23%. The lowest was 4.76%. And the median was 7.31%.
FRA:52SA's Return-on-Tangible-Asset is ranked better than 83.01% of 1783
companies
in the Construction industry
Industry Median: 3.05
vs FRA:52SA: 9.06
Systemair AB (FRA:52SA) 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.
Systemair AB Return-on-Tangible-Asset Related Terms
Systemair AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Systemair 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.
FRA:52SA vs TT, JCI, CARR: Return-on-Tangible-Asset Comparison
For the Building Products & Equipment subindustry, Systemair 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.
Systemair AB Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Systemair AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Systemair 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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 8.24% mean?
Systemair AB (FRA:52SA) has a Return-on-Tangible-Asset of 8.24% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Systemair AB and its competitors. This is 13% above median its historical median of 7.31. Over the past decade, Systemair AB's Return-on-Tangible-Asset has ranged from 4.76 to 13.23. According to the industry distribution chart, Systemair AB ranks #303 out of 1783 companies in the Construction industry, placing it in the top 17%.
Is Systemair AB's Return-on-Tangible-Asset too high?
Systemair AB's current Return-on-Tangible-Asset of 8.24% is 13% above median its 10-year median of 7.31. Over the past 10 years, this metric has ranged from a low of 4.76 to a high of 13.23. The Construction industry median Return-on-Tangible-Asset is 3.05. Systemair AB's value of 8.24% is 170.2% above this industry median. Based on the distribution chart, Systemair AB ranks #303 out of 1783 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Systemair AB has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Systemair AB's Return-on-Tangible-Asset compare to TT and JCI?
According to the Construction industry distribution chart, Systemair AB ranks #303 out of 1783 companies for Return-on-Tangible-Asset. This places Systemair AB in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.05. Systemair AB's value of 8.24% is 170.2% above this benchmark. Historically, Systemair AB's own Return-on-Tangible-Asset has ranged from 4.76 to 13.23 over the past decade. While the company's 10-year median is 7.31 vs. the industry median of 3.05, Systemair AB 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.05, based on 1,783 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. Systemair AB's current Return-on-Tangible-Asset of 8.24% is 170.2% 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 Systemair AB and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Systemair AB's current Return-on-Tangible-Asset is 8.24%, which is 13% above median its own 10-year median of 7.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Systemair AB stock overvalued right now?
Based on GuruFocus' analysis, Systemair AB (FRA:52SA) is currently considered Fairly Valued. The stock's GF Value™ is €7.27, compared to a current price of €7.17 — trading 1.4% below its estimated fair value. The current Return-on-Tangible-Asset is 8.24%, which is 13% above median its 10-year median of 7.31 and 170.2% above the Construction industry median of 3.05. Systemair AB's overall GF Score™ is 84/100 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 Systemair AB (FRA:52SA), the current Return-on-Tangible-Asset is 8.24% as of Apr. 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 Systemair AB (FRA:52SA) Overvalued in 2026?
Based on GuruFocus' analysis, Systemair AB stock appears to be undervalued.
The current stock price of €7.17 is trading 1.4% below its estimated GF Value™ of €7.27.
GuruFocus considers Systemair AB to be Fairly Valued.
Key valuation signals for FRA:52SA:
Return-on-Tangible-Asset: 8.24% (13% above median its 10-year median of 7.31)
GF Value™: €7.27 vs. price of €7.17 (1.4% below fair value)
Industry Position: 170.2% above the Construction median (#303 of 1783)
No single metric tells the full story. See the FRA:52SA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Systemair AB is a building material company that develops, manufactures, and markets ventilation products. The company's products under its flagship Systemair brand include air conditioning units, air curtains, air distribution products, and energy-efficient fans. The company also markets products under its Frico, VEAB Heat Tech AB, Fantech, and Menerga segments. Frico manufactures air curtains and heating products, while VEAB primarily develops heating products. The Fantech segment markets to the residential sector, in contrast to Systemair's commercial base. Menerga produces high-efficiency air-handling units for specialized buildings such as museums, airports, and swimming pool halls. The company generates the majority of its revenue from Europe.
84GF Score
Get the complete analysis for FRA:52SA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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