GeneraliFRA:ASG -0.19%55 Return-on-Tangible-Asset is 0.70% as of Dec. 2025, which is 46% above its 10-year median of 0.48. GuruFocus rates FRA:ASG with a GF Score™ of 55/100 and a GF Value™ of €37.87 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 509 Insurance companies, Generali ranks worse than 76.42% 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. Generali's annualizedNet Income for the quarter that ended in Dec. 2025 was €3,828 Mil. Generali's average total tangible assets for the quarter that ended in Dec. 2025 was €546,329 Mil. Therefore, Generali's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 0.70%.
The historical rank and industry rank for Generali's Return-on-Tangible-Asset or its related term are showing as below:
FRA:ASG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.48 Max: 0.81
Current: 0.81
During the past 13 years, Generali's highest Return-on-Tangible-Asset was 0.81%. The lowest was 0.34%. And the median was 0.48%.
FRA:ASG's Return-on-Tangible-Asset is ranked worse than 76.42% of 509
companies
in the Insurance industry
Industry Median: 2.74
vs FRA:ASG: 0.81
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.
Generali Return-on-Tangible-Asset Related Terms
Generali Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Generali'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:ASG vs BRK.A, AIG, HIG: Return-on-Tangible-Asset Comparison
For the Insurance - Diversified subindustry, Generali'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.
Generali Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Generali's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Generali'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 0.70% mean?
Generali (FRA:ASG) has a Return-on-Tangible-Asset of 0.70% 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 Generali and its competitors. This is 46% above median its historical median of 0.48. Over the past decade, Generali's Return-on-Tangible-Asset has ranged from 0.34 to 0.81. According to the industry distribution chart, Generali ranks #389 out of 509 companies in the Insurance industry, placing it in the top 76.4%.
Is Generali's Return-on-Tangible-Asset too high?
Generali's current Return-on-Tangible-Asset of 0.70% is 46% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 0.81. The Insurance industry median Return-on-Tangible-Asset is 2.74. Generali's value of 0.70% is 74.5% below this industry median. Based on the distribution chart, Generali ranks #389 out of 509 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Generali has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Generali's Return-on-Tangible-Asset compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Generali ranks #389 out of 509 companies for Return-on-Tangible-Asset. This places Generali in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.74. Generali's value of 0.70% is 74.5% below this benchmark. Historically, Generali's own Return-on-Tangible-Asset has ranged from 0.34 to 0.81 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 2.74, Generali 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 an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.74, based on 509 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. Generali's current Return-on-Tangible-Asset of 0.70% is 74.5% 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 Generali and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Generali's current Return-on-Tangible-Asset is 0.70%, which is 46% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Generali stock overvalued right now?
Based on GuruFocus' analysis, Generali (FRA:ASG) is currently considered Modestly Overvalued. The stock's GF Value™ is €37.87, compared to a current price of €42.14 — trading 11.3% above its estimated fair value. The current Return-on-Tangible-Asset is 0.70%, which is 46% above median its 10-year median of 0.48 and 74.5% below the Insurance industry median of 2.74. Generali's overall GF Score™ is 55/100 with 1 warning sign 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 Generali (FRA:ASG), the current Return-on-Tangible-Asset is 0.70% 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 Generali (FRA:ASG) Overvalued in 2026?
Based on GuruFocus' analysis, Generali stock appears to be overvalued.
The current stock price of €42.14 is trading 11.3% above its estimated GF Value™ of €37.87.
GuruFocus considers Generali to be Modestly Overvalued.
Key valuation signals for FRA:ASG:
Return-on-Tangible-Asset: 0.70% (46% above median its 10-year median of 0.48)
GF Value™: €37.87 vs. price of €42.14 (11.3% above fair value)
Industry Position: 74.5% below the Insurance median (#389 of 509)
No single metric tells the full story. See the FRA:ASG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The roots of Generali date back to the 1830s and the Bora wind and rough seas that hit the Trieste region. Over that decade, Generali sought to expand throughout Italy, but growth was held back by the fragmented nature of Italy. The Italian Revolution in the 1840s paved the way for easier expansion in the country. After World War I, Trieste was handed back to Italy. The dissolution of the Austro-Hungarian Empire created a fragmented Europe and a fragmented Generali. To this day, Generali remains quite a diversified company, with its core operations remaining in the historical Austro-Hungarian countries of Austria, Central and Eastern Europe, Germany, and Italy. France is also an important contributor to life and savings.
55GF Score
Get the complete analysis for FRA:ASG
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:ASG has been successfully added to your 
