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Top Glove BhdFRA:5OU 48 Return-on-Tangible-Asset is 5.80% as of May. 2026, which is 43% below its 10-year median of 10.21. GuruFocus rates FRA:5OU with a GF Score™ of 48/100 and a GF Value™ of €0.93 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 856 Medical Devices & Instruments companies, Top Glove Bhd ranks better than 60.86% 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. Top Glove Bhd's annualizedNet Income for the quarter that ended in May. 2026 was €70.2 Mil. Top Glove Bhd's average total tangible assets for the quarter that ended in May. 2026 was €1,211.1 Mil. Therefore, Top Glove Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 was 5.80%.
The historical rank and industry rank for Top Glove Bhd's Return-on-Tangible-Asset or its related term are showing as below:
FRA:5OU'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.2 Med: 10.21 Max: 94.27
Current: 3.42
During the past 13 years, Top Glove Bhd's highest Return-on-Tangible-Asset was 94.27%. The lowest was -13.20%. And the median was 10.21%.
FRA:5OU's Return-on-Tangible-Asset is ranked better than 60.86% of 856
companies
in the Medical Devices & Instruments industry
Industry Median: 0.595
vs FRA:5OU: 3.42
Top Glove Bhd (FRA:5OU) 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.
Top Glove Bhd Return-on-Tangible-Asset Related Terms
Top Glove Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Top Glove Bhd'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:5OU vs ISRG, BDX, MDLN: Return-on-Tangible-Asset Comparison
For the Medical Instruments & Supplies subindustry, Top Glove Bhd'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.
Top Glove Bhd Return-on-Tangible-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Top Glove Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Top Glove Bhd'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 (May. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.80% mean?
Top Glove Bhd (FRA:5OU) has a Return-on-Tangible-Asset of 5.80% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Top Glove Bhd and its competitors. This is 43% below median its historical median of 10.21. According to the industry distribution chart, Top Glove Bhd ranks #335 out of 856 companies in the Medical Devices & Instruments industry, placing it in the top 39.1%.
Is Top Glove Bhd's Return-on-Tangible-Asset too high?
Top Glove Bhd's current Return-on-Tangible-Asset of 5.80% is 43% below median its 10-year median of 10.21. The Medical Devices & Instruments industry median Return-on-Tangible-Asset is 0.60. Top Glove Bhd's value of 5.80% is 874.8% above this industry median. Based on the distribution chart, Top Glove Bhd ranks #335 out of 856 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Top Glove Bhd has a GF Score™ of 48/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Top Glove Bhd's Return-on-Tangible-Asset compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Top Glove Bhd ranks #335 out of 856 companies for Return-on-Tangible-Asset. This puts Top Glove Bhd in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.60. Top Glove Bhd's value of 5.80% is 874.8% above this benchmark. While the company's 10-year median is 10.21 vs. the industry median of 0.60, Top Glove Bhd 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 0.60, based on 856 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. Top Glove Bhd's current Return-on-Tangible-Asset of 5.80% is 874.8% 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 Top Glove Bhd and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Asset is 0.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Glove Bhd's current Return-on-Tangible-Asset is 5.80%, which is 43% below median its own 10-year median of 10.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Glove Bhd stock overvalued right now?
Based on GuruFocus' analysis, Top Glove Bhd (FRA:5OU) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.93, compared to a current price of €0.49 — trading 47.3% below its estimated fair value. The current Return-on-Tangible-Asset is 5.80%, which is 43% below median its 10-year median of 10.21 and 874.8% above the Medical Devices & Instruments industry median of 0.60. Top Glove Bhd's overall GF Score™ is 48/100 with 3 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 Top Glove Bhd (FRA:5OU), the current Return-on-Tangible-Asset is 5.80% as of May. 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 Top Glove Bhd (FRA:5OU) Overvalued in 2026?
Based on GuruFocus' analysis, Top Glove Bhd stock appears to be undervalued.
The current stock price of €0.49 is trading 47.3% below its estimated GF Value™ of €0.93.
GuruFocus considers Top Glove Bhd to be Significantly Undervalued.
Key valuation signals for FRA:5OU:
Return-on-Tangible-Asset: 5.80% (43% below median its 10-year median of 10.21)
GF Value™: €0.93 vs. price of €0.49 (47.3% below fair value)
Industry Position: 874.8% above the Medical Devices & Instruments median (#335 of 856)
No single metric tells the full story. See the FRA:5OU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Glove Corp Bhd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacturing and sales of gloves through several product lines to diverse customers in various countries. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. It serves various sectors including healthcare, industrial, and Food and Beverage sectors. The company has four reportable operating segments based on its geographical areas: Malaysia, Thailand, People's Republic of China and Others. The majority of revenue is generated from Malaysia.
48GF Score
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