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DiscoveryFRA:D3H +0.76%86 Return-on-Tangible-Asset is 3.54% as of Dec. 2025, which is 13% above its 10-year median of 3.13. GuruFocus rates FRA:D3H with a GF Score™ of 86/100 and a GF Value™ of €13.97. The stock has 1 warning sign investors should review. Among 506 Insurance companies, Discovery ranks better than 58.3% 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. Discovery's annualizedNet Income for the quarter that ended in Dec. 2025 was €584 Mil. Discovery's average total tangible assets for the quarter that ended in Dec. 2025 was €16,530 Mil. Therefore, Discovery's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.54%.
The historical rank and industry rank for Discovery's Return-on-Tangible-Asset or its related term are showing as below:
FRA:D3H'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.1 Med: 3.13 Max: 4.17
Current: 3.38
During the past 13 years, Discovery's highest Return-on-Tangible-Asset was 4.17%. The lowest was 0.10%. And the median was 3.13%.
FRA:D3H's Return-on-Tangible-Asset is ranked better than 58.3% of 506
companies
in the Insurance industry
Industry Median: 2.745
vs FRA:D3H: 3.38
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.
Discovery Return-on-Tangible-Asset Related Terms
Discovery Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Discovery'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:D3H vs AFL, MET, PRU: Return-on-Tangible-Asset Comparison
For the Insurance - Life subindustry, Discovery'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.
Discovery Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Discovery's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Discovery'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 3.54% mean?
Discovery (FRA:D3H) has a Return-on-Tangible-Asset of 3.54% 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 Discovery and its competitors. This is 13% above median its historical median of 3.13. Over the past decade, Discovery's Return-on-Tangible-Asset has ranged from 0.10 to 4.17. According to the industry distribution chart, Discovery ranks #211 out of 506 companies in the Insurance industry, placing it in the top 41.7%.
Is Discovery's Return-on-Tangible-Asset too high?
Discovery's current Return-on-Tangible-Asset of 3.54% is 13% above median its 10-year median of 3.13. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 4.17. The Insurance industry median Return-on-Tangible-Asset is 2.75. Discovery's value of 3.54% is 29% above this industry median. Based on the distribution chart, Discovery ranks #211 out of 506 companies in the Insurance industry, which is above the industry midpoint. Overall, Discovery has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Discovery's Return-on-Tangible-Asset compare to AFL and MET?
According to the Insurance industry distribution chart, Discovery ranks #211 out of 506 companies for Return-on-Tangible-Asset. This puts Discovery in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.75. Discovery's value of 3.54% is 29% above this benchmark. Historically, Discovery's own Return-on-Tangible-Asset has ranged from 0.10 to 4.17 over the past decade. While the company's 10-year median is 3.13 vs. the industry median of 2.75, Discovery 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 Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.75, 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. Discovery's current Return-on-Tangible-Asset of 3.54% is 29% 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 Discovery and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Discovery's current Return-on-Tangible-Asset is 3.54%, which is 13% above median its own 10-year median of 3.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Discovery stock overvalued right now?
Discovery (FRA:D3H) has a current Return-on-Tangible-Asset of 3.54%. The stock's GF Value™ is €13.97, compared to a current price of €13.30 — trading 4.8% below its estimated fair value. The current Return-on-Tangible-Asset is 3.54%, which is 13% above median its 10-year median of 3.13 and 29% above the Insurance industry median of 2.75. Discovery's overall GF Score™ is 86/100 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 Discovery (FRA:D3H), the current Return-on-Tangible-Asset is 3.54% 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 Discovery (FRA:D3H) Overvalued in 2026?
Based on GuruFocus' analysis, Discovery stock appears to be undervalued.
The current stock price of €13.30 is trading 4.8% below its estimated GF Value™ of €13.97.
Key valuation signals for FRA:D3H:
Return-on-Tangible-Asset: 3.54% (13% above median its 10-year median of 3.13)
GF Value™: €13.97 vs. price of €13.30 (4.8% below fair value)
Industry Position: 29% above the Insurance median (#211 of 506)
No single metric tells the full story. See the FRA:D3H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Discovery Ltd is a financial services organization. It operates in the healthcare, life insurance, short-term insurance, long-term savings, banking and wellness markets. It specializes in health insurance, life assurance, wellness, investments and savings, short-term insurance, and banking. The company generates revenue through its insurance and financial services, with primary markets in South Africa and the UK, and presence in Canada, the USA, Singapore, Australia, and China.
86GF 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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