Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Crest Nicholson Holdings's annualizedNet Income for the quarter that ended in Apr. 2026 was €-59.6 Mil. Crest Nicholson Holdings's average total tangible assets for the quarter that ended in Apr. 2026 was €1,577.3 Mil. Therefore, Crest Nicholson Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was -3.78%.
The historical rank and industry rank for Crest Nicholson Holdings's Return-on-Tangible-Asset or its related term are showing as below:
FRA:C38'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.22 Med: 3.2 Max: 12.03
Current: -2.2
During the past 13 years, Crest Nicholson Holdings's highest Return-on-Tangible-Asset was 12.03%. The lowest was -7.22%. And the median was 3.20%.
FRA:C38's Return-on-Tangible-Asset is ranked worse than 88.42% of 95
companies
in the Homebuilding & Construction industry
Industry Median: 3.44
vs FRA:C38: -2.20
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.
Crest Nicholson Holdings Return-on-Tangible-Asset Related Terms
Crest Nicholson Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Crest Nicholson Holdings'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:C38 vs DHI, PHM, LEN: Return-on-Tangible-Asset Comparison
For the Residential Construction subindustry, Crest Nicholson Holdings'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.
Crest Nicholson Holdings Return-on-Tangible-Asset vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Crest Nicholson Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Crest Nicholson Holdings'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 two times the semi-annual (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of -3.78% mean?
Crest Nicholson Holdings (FRA:C38) has a Return-on-Tangible-Asset of -3.78% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Crest Nicholson Holdings and its competitors. According to the industry distribution chart, Crest Nicholson Holdings ranks #84 out of 95 companies in the Homebuilding & Construction industry, placing it in the top 88.4%.
Is Crest Nicholson Holdings' Return-on-Tangible-Asset too high?
Crest Nicholson Holdings' current Return-on-Tangible-Asset is -3.78%. Based on the distribution chart, Crest Nicholson Holdings ranks #84 out of 95 companies in the Homebuilding & Construction industry, which is in the bottom quartile relative to peers. Overall, Crest Nicholson Holdings has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Crest Nicholson Holdings' Return-on-Tangible-Asset compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Crest Nicholson Holdings ranks #84 out of 95 companies for Return-on-Tangible-Asset. This places Crest Nicholson Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.44. 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 Homebuilding & Construction company?
The median Return-on-Tangible-Asset among Homebuilding & Construction companies is 3.44, based on 95 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. 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 Crest Nicholson Holdings and its competitors. For the Homebuilding & Construction industry, the median Return-on-Tangible-Asset is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Crest Nicholson Holdings's current Return-on-Tangible-Asset is -3.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crest Nicholson Holdings stock overvalued right now?
Crest Nicholson Holdings (FRA:C38) has a current Return-on-Tangible-Asset of -3.78%. The stock's GF Value™ is €1.67, compared to a current price of €0.73 — trading 56.6% below its estimated fair value. The current Return-on-Tangible-Asset is -3.78%. Crest Nicholson Holdings' overall GF Score™ is 51/100 with 5 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 Crest Nicholson Holdings (FRA:C38), the current Return-on-Tangible-Asset is -3.78% as of Apr. 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 Crest Nicholson Holdings (FRA:C38) Overvalued in 2026?
Based on GuruFocus' analysis, Crest Nicholson Holdings stock appears to be undervalued.
The current stock price of €0.73 is trading 56.6% below its estimated GF Value™ of €1.67.
Key valuation signals for FRA:C38:
Return-on-Tangible-Asset: -3.78%
GF Value™: €1.67 vs. price of €0.73 (56.6% below fair value)
No single metric tells the full story. See the FRA:C38 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Crest Nicholson Holdings PLC is a British construction company that focuses on residential property in the southern half of England. The company plans, designs, and builds single-family housing communities, apartment and townhome complexes, and commercial properties. Crest Nicholson has six established housebuilding divisions. It also operates a dedicated Partnerships & Strategic Land (PSL) division has established a reputation to work in conjunction with partners to deliver Crest Nicholson homes across a range of tenure types.
51GF Score
Get the complete analysis for FRA:C38
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:C38 has been successfully added to your 
