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CNA FinancialFRA:CNH -2.04%70 Return-on-Tangible-Asset is 1.23% as of Mar. 2026, which is 23% below its 10-year median of 1.59. GuruFocus rates FRA:CNH with a GF Score™ of 70/100 and a GF Value™ of €41.99 (Fairly Valued). The stock has 5 warning signs investors should review. Among 506 Insurance companies, CNA Financial ranks worse than 61.26% 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. CNA Financial's annualizedNet Income for the quarter that ended in Mar. 2026 was €730 Mil. CNA Financial's average total tangible assets for the quarter that ended in Mar. 2026 was €59,177 Mil. Therefore, CNA Financial's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.23%.
The historical rank and industry rank for CNA Financial's Return-on-Tangible-Asset or its related term are showing as below:
FRA:CNH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.07 Med: 1.59 Max: 1.92
Current: 1.77
During the past 13 years, CNA Financial's highest Return-on-Tangible-Asset was 1.92%. The lowest was 1.07%. And the median was 1.59%.
FRA:CNH's Return-on-Tangible-Asset is ranked worse than 61.26% of 506
companies
in the Insurance industry
Industry Median: 2.71
vs FRA:CNH: 1.77
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.
CNA Financial Return-on-Tangible-Asset Related Terms
CNA Financial Return-on-Tangible-Asset Historical Data
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The historical data trend for CNA Financial'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:CNH vs AIZ, AFG, ORI: Return-on-Tangible-Asset Comparison
For the Insurance - Property & Casualty subindustry, CNA Financial'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.
CNA Financial Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, CNA Financial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CNA Financial'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 1.23% mean?
CNA Financial (FRA:CNH) has a Return-on-Tangible-Asset of 1.23% 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 CNA Financial and its competitors. This is 23% below median its historical median of 1.59. Over the past decade, CNA Financial's Return-on-Tangible-Asset has ranged from 1.07 to 1.92. According to the industry distribution chart, CNA Financial ranks #310 out of 506 companies in the Insurance industry, placing it in the top 61.3%.
Is CNA Financial's Return-on-Tangible-Asset too high?
CNA Financial's current Return-on-Tangible-Asset of 1.23% is 23% below median its 10-year median of 1.59. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 1.92. The Insurance industry median Return-on-Tangible-Asset is 2.71. CNA Financial's value of 1.23% is 54.6% below this industry median. Based on the distribution chart, CNA Financial ranks #310 out of 506 companies in the Insurance industry, which is below the industry midpoint. Overall, CNA Financial has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CNA Financial's Return-on-Tangible-Asset compare to AIZ and AFG?
According to the Insurance industry distribution chart, CNA Financial ranks #310 out of 506 companies for Return-on-Tangible-Asset. This places CNA Financial in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.71. CNA Financial's value of 1.23% is 54.6% below this benchmark. Historically, CNA Financial's own Return-on-Tangible-Asset has ranged from 1.07 to 1.92 over the past decade. While the company's 10-year median is 1.59 vs. the industry median of 2.71, CNA Financial 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 2.71, based on 506 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. CNA Financial's current Return-on-Tangible-Asset of 1.23% is 54.6% 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 CNA Financial and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNA Financial's current Return-on-Tangible-Asset is 1.23%, which is 23% below median its own 10-year median of 1.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNA Financial stock overvalued right now?
Based on GuruFocus' analysis, CNA Financial (FRA:CNH) is currently considered Fairly Valued. The stock's GF Value™ is €41.99, compared to a current price of €43.18 — trading 2.8% above its estimated fair value. The current Return-on-Tangible-Asset is 1.23%, which is 23% below median its 10-year median of 1.59 and 54.6% below the Insurance industry median of 2.71. CNA Financial's overall GF Score™ is 70/100 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 CNA Financial (FRA:CNH), the current Return-on-Tangible-Asset is 1.23% 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 CNA Financial (FRA:CNH) Overvalued in 2026?
Based on GuruFocus' analysis, CNA Financial stock appears to be overvalued.
The current stock price of €43.18 is trading 2.8% above its estimated GF Value™ of €41.99.
GuruFocus considers CNA Financial to be Fairly Valued.
Key valuation signals for FRA:CNH:
Return-on-Tangible-Asset: 1.23% (23% below median its 10-year median of 1.59)
GF Value™: €41.99 vs. price of €43.18 (2.8% above fair value)
Industry Position: 54.6% below the Insurance median (#310 of 506)
No single metric tells the full story. See the FRA:CNH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNA Financial Corporation (CNAF) is an insurance holding company that provides commercial property and casualty insurance. The company operates under five segments: Specialty, Commercial and International being its core business, and two segments for its non-core businesses, which are Life and Group and Corporate and Other. CNAF, through its segments, provides professional, financial, specialty property, and casualty products to small businesses and medium-scale organizations. It has its business spread across Continental Europe, United Kingdom, and Canada. The majority of the revenues are generated from the Specialty and Commercial segment of the business.
70GF 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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