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Quercus TFIFRA:85R -1.20%72 Return-on-Tangible-Asset is 23.21% as of Mar. 2026, which is 7% above its 10-year median of 21.66. GuruFocus rates FRA:85R with a GF Score™ of 72/100 and a GF Value™ of €3.22 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,635 Asset Management companies, Quercus TFI ranks better than 93.88% 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. Quercus TFI's annualizedNet Income for the quarter that ended in Mar. 2026 was €14.67 Mil. Quercus TFI's average total tangible assets for the quarter that ended in Mar. 2026 was €63.23 Mil. Therefore, Quercus TFI's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 23.21%.
The historical rank and industry rank for Quercus TFI's Return-on-Tangible-Asset or its related term are showing as below:
FRA:85R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.33 Med: 21.66 Max: 53.7
Current: 29.97
During the past 13 years, Quercus TFI's highest Return-on-Tangible-Asset was 53.70%. The lowest was -15.33%. And the median was 21.66%.
FRA:85R's Return-on-Tangible-Asset is ranked better than 93.88% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs FRA:85R: 29.97
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.
Quercus TFI Return-on-Tangible-Asset Related Terms
Quercus TFI Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Quercus TFI'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:85R vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Quercus TFI'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.
Quercus TFI Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Quercus TFI's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Quercus TFI'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 23.21% mean?
Quercus TFI (FRA:85R) has a Return-on-Tangible-Asset of 23.21% 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 Quercus TFI and its competitors. This is near median its historical median of 21.66. According to the industry distribution chart, Quercus TFI ranks #100 out of 1635 companies in the Asset Management industry, placing it in the top 6.1%.
Is Quercus TFI's Return-on-Tangible-Asset too high?
Quercus TFI's current Return-on-Tangible-Asset of 23.21% is near median its 10-year median of 21.66. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Quercus TFI's value of 23.21% is 448.7% above this industry median. Based on the distribution chart, Quercus TFI ranks #100 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Quercus TFI has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Quercus TFI's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Quercus TFI ranks #100 out of 1635 companies for Return-on-Tangible-Asset. This places Quercus TFI in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.23. Quercus TFI's value of 23.21% is 448.7% above this benchmark. While the company's 10-year median is 21.66 vs. the industry median of 4.23, Quercus TFI 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 4.23, based on 1,635 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. Quercus TFI's current Return-on-Tangible-Asset of 23.21% is 448.7% 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 Quercus TFI and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quercus TFI's current Return-on-Tangible-Asset is 23.21%, which is near median its own 10-year median of 21.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quercus TFI stock overvalued right now?
Based on GuruFocus' analysis, Quercus TFI (FRA:85R) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.22, compared to a current price of €2.87 — trading 10.9% below its estimated fair value. The current Return-on-Tangible-Asset is 23.21%, which is near median its 10-year median of 21.66 and 448.7% above the Asset Management industry median of 4.23. Quercus TFI's overall GF Score™ is 72/100 with 2 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 Quercus TFI (FRA:85R), the current Return-on-Tangible-Asset is 23.21% 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 Quercus TFI (FRA:85R) Overvalued in 2026?
Based on GuruFocus' analysis, Quercus TFI stock appears to be undervalued.
The current stock price of €2.87 is trading 10.9% below its estimated GF Value™ of €3.22.
GuruFocus considers Quercus TFI to be Modestly Undervalued.
Key valuation signals for FRA:85R:
Return-on-Tangible-Asset: 23.21% (near median its 10-year median of 21.66)
GF Value™: €3.22 vs. price of €2.87 (10.9% below fair value)
Industry Position: 448.7% above the Asset Management median (#100 of 1635)
No single metric tells the full story. See the FRA:85R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quercus TFI SA is an investment fund company in Poland whose offer is mainly targeted at high net-worth Investors. The products of the company include Quercus Short-Term Debt, Quercus Capital Protection, Quercus Treasury Bonds, Quercus Stable, Quercus Aggressive and Quercus Gold among others.
72GF Score
Get the complete analysis for FRA:85R
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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