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TINC NVFRA:5TI +1.07%73 Return-on-Tangible-Asset is 6.50% as of Dec. 2025, which is at its 10-year median of 6.50. GuruFocus rates FRA:5TI with a GF Score™ of 73/100 and a GF Value™ of €9.68. The stock has 6 warning signs investors should review. Among 1,637 Asset Management companies, TINC NV ranks better than 59.38% 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. TINC NV's annualizedNet Income for the quarter that ended in Dec. 2025 was €44.44 Mil. TINC NV's average total tangible assets for the quarter that ended in Dec. 2025 was €683.91 Mil. Therefore, TINC NV's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 6.50%.
The historical rank and industry rank for TINC NV's Return-on-Tangible-Asset or its related term are showing as below:
FRA:5TI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.54 Med: 6.5 Max: 19.03
Current: 6.47
During the past 11 years, TINC NV's highest Return-on-Tangible-Asset was 19.03%. The lowest was -14.54%. And the median was 6.50%.
FRA:5TI's Return-on-Tangible-Asset is ranked better than 59.38% of 1637
companies
in the Asset Management industry
Industry Median: 4.33
vs FRA:5TI: 6.47
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.
TINC NV Return-on-Tangible-Asset Related Terms
TINC NV Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TINC NV'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:5TI vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, TINC NV'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.
TINC NV Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, TINC NV's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TINC NV'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 6.50% mean?
TINC NV (FRA:5TI) has a Return-on-Tangible-Asset of 6.50% 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 TINC NV and its competitors. This is near median its historical median of 6.50. According to the industry distribution chart, TINC NV ranks #665 out of 1637 companies in the Asset Management industry, placing it in the top 40.6%.
Is TINC NV's Return-on-Tangible-Asset too high?
TINC NV's current Return-on-Tangible-Asset of 6.50% is near median its 10-year median of 6.50. The Asset Management industry median Return-on-Tangible-Asset is 4.33. TINC NV's value of 6.50% is 50.1% above this industry median. Based on the distribution chart, TINC NV ranks #665 out of 1637 companies in the Asset Management industry, which is above the industry midpoint. Overall, TINC NV has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does TINC NV's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, TINC NV ranks #665 out of 1637 companies for Return-on-Tangible-Asset. This puts TINC NV in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.33. TINC NV's value of 6.50% is 50.1% above this benchmark. While the company's 10-year median is 6.50 vs. the industry median of 4.33, TINC NV 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.33, based on 1,637 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. TINC NV's current Return-on-Tangible-Asset of 6.50% is 50.1% 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 TINC NV and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TINC NV's current Return-on-Tangible-Asset is 6.50%, which is near median its own 10-year median of 6.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TINC NV stock overvalued right now?
TINC NV (FRA:5TI) has a current Return-on-Tangible-Asset of 6.50%. The stock's GF Value™ is €9.68, compared to a current price of €11.36 — trading 17.4% above its estimated fair value. The current Return-on-Tangible-Asset is 6.50%, which is near median its 10-year median of 6.50 and 50.1% above the Asset Management industry median of 4.33. TINC NV's overall GF Score™ is 73/100 with 6 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 TINC NV (FRA:5TI), the current Return-on-Tangible-Asset is 6.50% 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.
Is TINC NV (FRA:5TI) Overvalued in 2026?
Based on GuruFocus' analysis, TINC NV stock appears to be overvalued.
The current stock price of €11.36 is trading 17.4% above its estimated GF Value™ of €9.68.
Key valuation signals for FRA:5TI:
Return-on-Tangible-Asset: 6.50% (near median its 10-year median of 6.50)
GF Value™: €9.68 vs. price of €11.36 (17.4% above fair value)
Industry Position: 50.1% above the Asset Management median (#665 of 1637)
No single metric tells the full story. See the FRA:5TI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TINC NV is a Belgium based investment company. It invests in companies that realize and operate infrastructure. The company holds a diversified investment portfolio of participation in various infrastructures, such as road and tram infrastructure, a business center, a car park, and energy infrastructure. It mainly invests in companies located in Belgium, the Netherlands, and Ireland.
73GF Score
Get the complete analysis for FRA:5TI
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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