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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. ELL Environmental Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was €2.05 Mil. ELL Environmental Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was €58.40 Mil. Therefore, ELL Environmental Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.51%.
The historical rank and industry rank for ELL Environmental Holdings's Return-on-Tangible-Asset or its related term are showing as below:
FRA:6EL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -26.5 Med: -1.32 Max: 4.14
Current: 4.06
During the past 13 years, ELL Environmental Holdings's highest Return-on-Tangible-Asset was 4.14%. The lowest was -26.50%. And the median was -1.32%.
FRA:6EL's Return-on-Tangible-Asset is ranked better than 58.06% of 248
companies
in the Waste Management industry
Industry Median: 2.555
vs FRA:6EL: 4.06
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.
ELL Environmental Holdings Return-on-Tangible-Asset Related Terms
ELL Environmental Holdings Return-on-Tangible-Asset Historical Data
* 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:6EL vs WM, RSG, WCN: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, ELL Environmental Holdings'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.
ELL Environmental Holdings Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, ELL Environmental Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ELL Environmental Holdings'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 3.51% mean?
ELL Environmental Holdings (FRA:6EL) has a Return-on-Tangible-Asset of 3.51% 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 ELL Environmental Holdings and its competitors. According to the industry distribution chart, ELL Environmental Holdings ranks #104 out of 248 companies in the Waste Management industry, placing it in the top 41.9%.
Is ELL Environmental Holdings' Return-on-Tangible-Asset too high?
ELL Environmental Holdings' current Return-on-Tangible-Asset is 3.51%. The Waste Management industry median Return-on-Tangible-Asset is 2.56. ELL Environmental Holdings' value of 3.51% is 37.4% above this industry median. Based on the distribution chart, ELL Environmental Holdings ranks #104 out of 248 companies in the Waste Management industry, which is above the industry midpoint. Overall, ELL Environmental Holdings has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does ELL Environmental Holdings' Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, ELL Environmental Holdings ranks #104 out of 248 companies for Return-on-Tangible-Asset. This puts ELL Environmental Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.56. ELL Environmental Holdings' value of 3.51% is 37.4% 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 Waste Management company?
The median Return-on-Tangible-Asset among Waste Management companies is 2.56, based on 248 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. ELL Environmental Holdings's current Return-on-Tangible-Asset of 3.51% is 37.4% 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 ELL Environmental Holdings and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 2.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ELL Environmental Holdings's current Return-on-Tangible-Asset is 3.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ELL Environmental Holdings stock overvalued right now?
ELL Environmental Holdings (FRA:6EL) has a current Return-on-Tangible-Asset of 3.51%. The stock's GF Value™ is €0.01, compared to a current price of €0.01 — trading 10% above its estimated fair value. The current Return-on-Tangible-Asset is 3.51% and 37.4% above the Waste Management industry median of 2.56. ELL Environmental Holdings' overall GF Score™ is 56/100 with 4 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 ELL Environmental Holdings (FRA:6EL), the current Return-on-Tangible-Asset is 3.51% 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 ELL Environmental Holdings (FRA:6EL) Overvalued in 2026?
Based on GuruFocus' analysis, ELL Environmental Holdings stock appears to be overvalued.
The current stock price of €0.01 is trading 10% above its estimated GF Value™ of €0.01.
Key valuation signals for FRA:6EL:
Return-on-Tangible-Asset: 3.51%
GF Value™: €0.01 vs. price of €0.01 (10% above fair value)
Industry Position: 37.4% above the Waste Management median (#104 of 248)
No single metric tells the full story. See the FRA:6EL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNorth of Huimin Road, Rugao Hengfa Municipal and Industrial Wastewater Treatment Facility, Rugao Economic and Technological Development Zone, Jiangsu, Nantong, CHN
ELL Environmental Holdings Ltd is an investment holding company principally engaged in the construction and operation of wastewater treatment facilities, construction and operation of biomass power plants, sales of wood pellets and provision of information technology services. Its businesses are mainly operated under the build-operate-transfer (BOT) model, including the design of wastewater treatment facilities, through the procurement of suitable equipment and materials, the supervision of the construction, as well as the ongoing operation and maintenance of the facilities throughout the long term. Its business mainly covers the treatment of municipal, industrial, and heavy metal wastewater. Its geographical segments are Hong Kong, Indonesia, and PRC, of which PRC derives maximum revenue.
56GF Score
Get the complete analysis for FRA:6EL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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