AshlandFRA:AHT 68 Return-on-Tangible-Asset is 1.97% as of Mar. 2026, which is 44% below its 10-year median of 3.53. GuruFocus rates FRA:AHT with a GF Score™ of 68/100 and a GF Value™ of €59.00 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,609 Chemicals companies, Ashland ranks worse than 94.53% 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. Ashland's annualizedNet Income for the quarter that ended in Mar. 2026 was €55 Mil. Ashland's average total tangible assets for the quarter that ended in Mar. 2026 was €2,808 Mil. Therefore, Ashland's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.97%.
The historical rank and industry rank for Ashland's Return-on-Tangible-Asset or its related term are showing as below:
FRA:AHT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -24.69 Med: 3.53 Max: 23.15
Current: -21.38
During the past 13 years, Ashland's highest Return-on-Tangible-Asset was 23.15%. The lowest was -24.69%. And the median was 3.53%.
FRA:AHT's Return-on-Tangible-Asset is ranked worse than 94.53% of 1609
companies
in the Chemicals industry
Industry Median: 3.07
vs FRA:AHT: -21.38
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.
Ashland Return-on-Tangible-Asset Related Terms
Ashland Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ashland'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:AHT vs CLMT, KWR, CC: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Ashland'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.
Ashland Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ashland's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ashland'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 1.97% mean?
Ashland (FRA:AHT) has a Return-on-Tangible-Asset of 1.97% 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 Ashland and its competitors. This is 44% below median its historical median of 3.53. According to the industry distribution chart, Ashland ranks #1521 out of 1609 companies in the Chemicals industry, placing it in the top 94.5%.
Is Ashland's Return-on-Tangible-Asset too high?
Ashland's current Return-on-Tangible-Asset of 1.97% is 44% below median its 10-year median of 3.53. The Chemicals industry median Return-on-Tangible-Asset is 3.07. Ashland's value of 1.97% is 35.8% below this industry median. Based on the distribution chart, Ashland ranks #1521 out of 1609 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Ashland has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ashland's Return-on-Tangible-Asset compare to CLMT and KWR?
According to the Chemicals industry distribution chart, Ashland ranks #1521 out of 1609 companies for Return-on-Tangible-Asset. This places Ashland in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.07. Ashland's value of 1.97% is 35.8% below this benchmark. While the company's 10-year median is 3.53 vs. the industry median of 3.07, Ashland has consistently been below 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.07, based on 1,609 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. Ashland's current Return-on-Tangible-Asset of 1.97% is 35.8% below 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 Ashland and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashland's current Return-on-Tangible-Asset is 1.97%, which is 44% below median its own 10-year median of 3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashland stock overvalued right now?
Based on GuruFocus' analysis, Ashland (FRA:AHT) is currently considered Fairly Valued. The stock's GF Value™ is €59.00, compared to a current price of €55.00 — trading 6.8% below its estimated fair value. The current Return-on-Tangible-Asset is 1.97%, which is 44% below median its 10-year median of 3.53 and 35.8% below the Chemicals industry median of 3.07. Ashland's overall GF Score™ is 68/100 with 8 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 Ashland (FRA:AHT), the current Return-on-Tangible-Asset is 1.97% 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 Ashland (FRA:AHT) Overvalued in 2026?
Based on GuruFocus' analysis, Ashland stock appears to be undervalued.
The current stock price of €55.00 is trading 6.8% below its estimated GF Value™ of €59.00.
GuruFocus considers Ashland to be Fairly Valued.
Key valuation signals for FRA:AHT:
Return-on-Tangible-Asset: 1.97% (44% below median its 10-year median of 3.53)
GF Value™: €59.00 vs. price of €55.00 (6.8% below fair value)
Industry Position: 35.8% below the Chemicals median (#1521 of 1609)
No single metric tells the full story. See the FRA:AHT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashland Inc. is a specialty materials company serving markets including pharmaceuticals, personal care, food and beverages, coatings, construction, energy, and electronics. It operates through four segments: Life Sciences, Personal Care, Specialty Additives, and Intermediates. Life Sciences contributes the highest revenue, offering functional additives for pharmaceutical and nutrition applications. Personal Care provides ingredients for skin, hair, oral care, and household products, while Specialty Additives supplies performance-enhancing additives for coatings and. Intermediates produce BDO and related derivatives used in polymers, electronics, agriculture, and pharmaceutical applications. The company generates sales across North America, Europe, Asia Pacific, Latin America, and regions.
68GF Score
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