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Applied Industrial TechnologiesFRA:AT4 +0.56%89 Return-on-Tangible-Asset is 19.64% as of Mar. 2026, which is 48% above its 10-year median of 13.29. GuruFocus rates FRA:AT4 with a GF Score™ of 89/100 and a GF Value™ of €218.12 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 158 Industrial Distribution companies, Applied Industrial Technologies ranks better than 95.57% on this metric.
The historical rank and industry rank for Applied Industrial Technologies's Return-on-Tangible-Asset or its related term are showing as below:
FRA:AT4'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.78 Med: 13.29 Max: 19.44
Current: 19.35
During the past 13 years, Applied Industrial Technologies's highest Return-on-Tangible-Asset was 19.44%. The lowest was 1.78%. And the median was 13.29%.
FRA:AT4's Return-on-Tangible-Asset is ranked better than 95.57% of 158
companies
in the Industrial Distribution industry
Industry Median: 4.2
vs FRA:AT4: 19.35
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.
Applied Industrial Technologies Return-on-Tangible-Asset Related Terms
Applied Industrial Technologies 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:AT4 vs QXO, CNM, WSO: Return-on-Tangible-Asset Comparison
For the Industrial Distribution subindustry, Applied Industrial Technologies'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.
Applied Industrial Technologies Return-on-Tangible-Asset vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Applied Industrial Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Applied Industrial Technologies'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 19.64% mean?
Applied Industrial Technologies (FRA:AT4) has a Return-on-Tangible-Asset of 19.64% 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 Applied Industrial Technologies and its competitors. This is 48% above median its historical median of 13.29. Over the past decade, Applied Industrial Technologies' Return-on-Tangible-Asset has ranged from 1.78 to 19.44. According to the industry distribution chart, Applied Industrial Technologies ranks #7 out of 158 companies in the Industrial Distribution industry, placing it in the top 4.4%.
Is Applied Industrial Technologies' Return-on-Tangible-Asset too high?
Applied Industrial Technologies' current Return-on-Tangible-Asset of 19.64% is 48% above median its 10-year median of 13.29. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 19.44. The Industrial Distribution industry median Return-on-Tangible-Asset is 4.20. Applied Industrial Technologies' value of 19.64% is 367.6% above this industry median. Based on the distribution chart, Applied Industrial Technologies ranks #7 out of 158 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Applied Industrial Technologies has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Industrial Technologies' Return-on-Tangible-Asset compare to QXO and CNM?
According to the Industrial Distribution industry distribution chart, Applied Industrial Technologies ranks #7 out of 158 companies for Return-on-Tangible-Asset. This places Applied Industrial Technologies in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.20. Applied Industrial Technologies' value of 19.64% is 367.6% above this benchmark. Historically, Applied Industrial Technologies' own Return-on-Tangible-Asset has ranged from 1.78 to 19.44 over the past decade. While the company's 10-year median is 13.29 vs. the industry median of 4.20, Applied Industrial Technologies 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 Industrial Distribution company?
The median Return-on-Tangible-Asset among Industrial Distribution companies is 4.20, based on 158 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. Applied Industrial Technologies's current Return-on-Tangible-Asset of 19.64% is 367.6% 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 Applied Industrial Technologies and its competitors. For the Industrial Distribution industry, the median Return-on-Tangible-Asset is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Industrial Technologies's current Return-on-Tangible-Asset is 19.64%, which is 48% above median its own 10-year median of 13.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Industrial Technologies stock overvalued right now?
Based on GuruFocus' analysis, Applied Industrial Technologies (FRA:AT4) is currently considered Significantly Overvalued. The stock's GF Value™ is €218.12, compared to a current price of €284.80 — trading 30.6% above its estimated fair value. The current Return-on-Tangible-Asset is 19.64%, which is 48% above median its 10-year median of 13.29 and 367.6% above the Industrial Distribution industry median of 4.20. Applied Industrial Technologies' overall GF Score™ is 89/100 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 Applied Industrial Technologies (FRA:AT4), the current Return-on-Tangible-Asset is 19.64% 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 Applied Industrial Technologies (FRA:AT4) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Industrial Technologies stock appears to be overvalued.
The current stock price of €284.80 is trading 30.6% above its estimated GF Value™ of €218.12.
GuruFocus considers Applied Industrial Technologies to be Significantly Overvalued.
Key valuation signals for FRA:AT4:
Return-on-Tangible-Asset: 19.64% (48% above median its 10-year median of 13.29)
GF Value™: €218.12 vs. price of €284.80 (30.6% above fair value)
Industry Position: 367.6% above the Industrial Distribution median (#7 of 158)
No single metric tells the full story. See the FRA:AT4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Industrial Technologies Business Description
Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. The company's reportable segments are; Service Center Based Distribution which derives key revenue, and Engineered Solutions. Geographically, the company derives its key revenue from the United States and the rest from Canada and other countries.
89GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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