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CapMan OyjFRA:AP6 +0.72%83 Return-on-Tangible-Asset is 4.53% as of Mar. 2026, which is 34% below its 10-year median of 6.90. GuruFocus rates FRA:AP6 with a GF Score™ of 83/100 and a GF Value™ of €2.12 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,635 Asset Management companies, CapMan Oyj ranks better than 50.34% 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. CapMan Oyj's annualizedNet Income for the quarter that ended in Mar. 2026 was €13.24 Mil. CapMan Oyj's average total tangible assets for the quarter that ended in Mar. 2026 was €292.23 Mil. Therefore, CapMan Oyj's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.53%.
The historical rank and industry rank for CapMan Oyj's Return-on-Tangible-Asset or its related term are showing as below:
FRA:AP6'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.54 Med: 6.9 Max: 25.66
Current: 4.31
During the past 13 years, CapMan Oyj's highest Return-on-Tangible-Asset was 25.66%. The lowest was 0.54%. And the median was 6.90%.
FRA:AP6's Return-on-Tangible-Asset is ranked better than 50.34% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs FRA:AP6: 4.31
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.
CapMan Oyj Return-on-Tangible-Asset Related Terms
CapMan Oyj Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for CapMan Oyj'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:AP6 vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, CapMan Oyj'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.
CapMan Oyj Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, CapMan Oyj's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CapMan Oyj'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 4.53% mean?
CapMan Oyj (FRA:AP6) has a Return-on-Tangible-Asset of 4.53% 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 CapMan Oyj and its competitors. This is 34% below median its historical median of 6.90. Over the past decade, CapMan Oyj's Return-on-Tangible-Asset has ranged from 0.54 to 25.66. According to the industry distribution chart, CapMan Oyj ranks #812 out of 1635 companies in the Asset Management industry, placing it in the top 49.7%.
Is CapMan Oyj's Return-on-Tangible-Asset too high?
CapMan Oyj's current Return-on-Tangible-Asset of 4.53% is 34% below median its 10-year median of 6.90. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 25.66. The Asset Management industry median Return-on-Tangible-Asset is 4.23. CapMan Oyj's value of 4.53% is 7.1% above this industry median. Based on the distribution chart, CapMan Oyj ranks #812 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, CapMan Oyj has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CapMan Oyj's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, CapMan Oyj ranks #812 out of 1635 companies for Return-on-Tangible-Asset. This puts CapMan Oyj in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. CapMan Oyj's value of 4.53% is 7.1% above this benchmark. Historically, CapMan Oyj's own Return-on-Tangible-Asset has ranged from 0.54 to 25.66 over the past decade. While the company's 10-year median is 6.90 vs. the industry median of 4.23, CapMan Oyj 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. CapMan Oyj's current Return-on-Tangible-Asset of 4.53% is 7.1% 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 CapMan Oyj 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. CapMan Oyj's current Return-on-Tangible-Asset is 4.53%, which is 34% below median its own 10-year median of 6.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapMan Oyj stock overvalued right now?
Based on GuruFocus' analysis, CapMan Oyj (FRA:AP6) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.12, compared to a current price of €1.67 — trading 21.1% below its estimated fair value. The current Return-on-Tangible-Asset is 4.53%, which is 34% below median its 10-year median of 6.90 and 7.1% above the Asset Management industry median of 4.23. CapMan Oyj's overall GF Score™ is 83/100 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 CapMan Oyj (FRA:AP6), the current Return-on-Tangible-Asset is 4.53% 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 CapMan Oyj (FRA:AP6) Overvalued in 2026?
Based on GuruFocus' analysis, CapMan Oyj stock appears to be undervalued.
The current stock price of €1.67 is trading 21.1% below its estimated GF Value™ of €2.12.
GuruFocus considers CapMan Oyj to be Modestly Undervalued.
Key valuation signals for FRA:AP6:
Return-on-Tangible-Asset: 4.53% (34% below median its 10-year median of 6.90)
GF Value™: €2.12 vs. price of €1.67 (21.1% below fair value)
Industry Position: 7.1% above the Asset Management median (#812 of 1635)
No single metric tells the full story. See the FRA:AP6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CapMan Oyj iis a private asset management firm operating in the Nordic region. It manages investments across real estate, infrastructure, natural capital, and unlisted companies, and invests in properties and other assets with potential for redevelopment, repurposing, or long-term value creation. The majority of the company's revenue is derived from management fees, which are variable consideration and are typically based on the fund's original size during its investment period.
83GF Score
Get the complete analysis for FRA:AP6
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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