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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. DF Deutsche Forfait AG's annualizedNet Income for the quarter that ended in Dec. 2025 was €-4.86 Mil. DF Deutsche Forfait AG's average total tangible assets for the quarter that ended in Dec. 2025 was €47.26 Mil. Therefore, DF Deutsche Forfait AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -10.28%.
The historical rank and industry rank for DF Deutsche Forfait AG's Return-on-Tangible-Asset or its related term are showing as below:
FRA:DFTK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.43 Med: 3.57 Max: 22.43
Current: -4.08
During the past 13 years, DF Deutsche Forfait AG's highest Return-on-Tangible-Asset was 22.43%. The lowest was -11.43%. And the median was 3.57%.
FRA:DFTK's Return-on-Tangible-Asset is ranked worse than 77.87% of 818
companies
in the Capital Markets industry
Industry Median: 1.54
vs FRA:DFTK: -4.08
DF Deutsche Forfait AG (FRA:DFTK) Return-on-Tangible-Asset Explanation
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.
DF Deutsche Forfait AG Return-on-Tangible-Asset Related Terms
DF Deutsche Forfait AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for DF Deutsche Forfait AG'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.
DF Deutsche Forfait AG Return-on-Tangible-Asset Chart
FRA:DFTK vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, DF Deutsche Forfait AG'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.
DF Deutsche Forfait AG Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, DF Deutsche Forfait AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where DF Deutsche Forfait AG'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 -10.28% mean?
DF Deutsche Forfait AG (FRA:DFTK) has a Return-on-Tangible-Asset of -10.28% 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 DF Deutsche Forfait AG and its competitors. According to the industry distribution chart, DF Deutsche Forfait AG ranks #637 out of 818 companies in the Capital Markets industry, placing it in the top 77.9%.
Is DF Deutsche Forfait AG's Return-on-Tangible-Asset too high?
DF Deutsche Forfait AG's current Return-on-Tangible-Asset is -10.28%. Based on the distribution chart, DF Deutsche Forfait AG ranks #637 out of 818 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, DF Deutsche Forfait AG has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DF Deutsche Forfait AG's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, DF Deutsche Forfait AG ranks #637 out of 818 companies for Return-on-Tangible-Asset. This places DF Deutsche Forfait AG in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.54. 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 818 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 DF Deutsche Forfait AG and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DF Deutsche Forfait AG's current Return-on-Tangible-Asset is -10.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DF Deutsche Forfait AG stock overvalued right now?
Based on GuruFocus' analysis, DF Deutsche Forfait AG (FRA:DFTK) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.65, compared to a current price of €1.45 — trading 12.1% below its estimated fair value. The current Return-on-Tangible-Asset is -10.28%. DF Deutsche Forfait AG's overall GF Score™ is 73/100 with 3 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 DF Deutsche Forfait AG (FRA:DFTK), the current Return-on-Tangible-Asset is -10.28% 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 DF Deutsche Forfait AG (FRA:DFTK) Overvalued in 2026?
Based on GuruFocus' analysis, DF Deutsche Forfait AG stock appears to be undervalued.
The current stock price of €1.45 is trading 12.1% below its estimated GF Value™ of €1.65.
GuruFocus considers DF Deutsche Forfait AG to be Modestly Undervalued.
Key valuation signals for FRA:DFTK:
Return-on-Tangible-Asset: -10.28%
GF Value™: €1.65 vs. price of €1.45 (12.1% below fair value)
No single metric tells the full story. See the FRA:DFTK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DF Deutsche Forfait AG is engaged in the provision of financial services. Its products include financing solutions, foreign trade receivables, and trade finance funds. The company focuses on the purchase of receivables from imports and exports and provides the hedging of merchandise deliveries in emerging and developing countries. It supports exporters and importers by purchasing foreign trade receivables, providing liquidity and taking over the payment risks. For banks, it operates as a partner for financing solutions, such as structured, abstract payment obligations, and buys and sells assets. Its geographic focus is on the Near and Middle East.
73GF Score
Get the complete analysis for FRA:DFTK
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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