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.
Paradox Interactive ABFRA:ETA -0.93%80 Return-on-Tangible-Asset is 16.75% as of Mar. 2026, which is 60% below its 10-year median of 42.28. GuruFocus rates FRA:ETA with a GF Score™ of 80/100 and a GF Value™ of €15.84 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 568 Interactive Media companies, Paradox Interactive AB ranks better than 62.68% 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. Paradox Interactive AB's annualizedNet Income for the quarter that ended in Mar. 2026 was €32.0 Mil. Paradox Interactive AB's average total tangible assets for the quarter that ended in Mar. 2026 was €191.1 Mil. Therefore, Paradox Interactive AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 16.75%.
The historical rank and industry rank for Paradox Interactive AB's Return-on-Tangible-Asset or its related term are showing as below:
FRA:ETA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.8 Med: 42.28 Max: 75.45
Current: 4.8
During the past 12 years, Paradox Interactive AB's highest Return-on-Tangible-Asset was 75.45%. The lowest was 4.80%. And the median was 42.28%.
FRA:ETA's Return-on-Tangible-Asset is ranked better than 62.68% of 568
companies
in the Interactive Media industry
Industry Median: 0.805
vs FRA:ETA: 4.80
Paradox Interactive AB (FRA:ETA) 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.
Paradox Interactive AB Return-on-Tangible-Asset Related Terms
Paradox Interactive AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Paradox Interactive AB'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.
Paradox Interactive AB Return-on-Tangible-Asset Chart
FRA:ETA vs NTES, EA, TTWO: Return-on-Tangible-Asset Comparison
For the Electronic Gaming & Multimedia subindustry, Paradox Interactive AB'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.
Paradox Interactive AB Return-on-Tangible-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Paradox Interactive AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Paradox Interactive AB'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 16.75% mean?
Paradox Interactive AB (FRA:ETA) has a Return-on-Tangible-Asset of 16.75% 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 Paradox Interactive AB and its competitors. This is 60% below median its historical median of 42.28. Over the past decade, Paradox Interactive AB's Return-on-Tangible-Asset has ranged from 4.80 to 75.45. According to the industry distribution chart, Paradox Interactive AB ranks #212 out of 568 companies in the Interactive Media industry, placing it in the top 37.3%.
Is Paradox Interactive AB's Return-on-Tangible-Asset too high?
Paradox Interactive AB's current Return-on-Tangible-Asset of 16.75% is 60% below median its 10-year median of 42.28. Over the past 10 years, this metric has ranged from a low of 4.80 to a high of 75.45. The Interactive Media industry median Return-on-Tangible-Asset is 0.81. Paradox Interactive AB's value of 16.75% is 1980.7% above this industry median. Based on the distribution chart, Paradox Interactive AB ranks #212 out of 568 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Paradox Interactive AB has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paradox Interactive AB's Return-on-Tangible-Asset compare to NTES and EA?
According to the Interactive Media industry distribution chart, Paradox Interactive AB ranks #212 out of 568 companies for Return-on-Tangible-Asset. This puts Paradox Interactive AB in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.81. Paradox Interactive AB's value of 16.75% is 1980.7% above this benchmark. Historically, Paradox Interactive AB's own Return-on-Tangible-Asset has ranged from 4.80 to 75.45 over the past decade. While the company's 10-year median is 42.28 vs. the industry median of 0.81, Paradox Interactive AB 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 Interactive Media company?
The median Return-on-Tangible-Asset among Interactive Media companies is 0.81, based on 568 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. Paradox Interactive AB's current Return-on-Tangible-Asset of 16.75% is 1980.7% 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 Paradox Interactive AB and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paradox Interactive AB's current Return-on-Tangible-Asset is 16.75%, which is 60% below median its own 10-year median of 42.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paradox Interactive AB stock overvalued right now?
Based on GuruFocus' analysis, Paradox Interactive AB (FRA:ETA) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.84, compared to a current price of €11.76 — trading 25.8% below its estimated fair value. The current Return-on-Tangible-Asset is 16.75%, which is 60% below median its 10-year median of 42.28 and 1980.7% above the Interactive Media industry median of 0.81. Paradox Interactive AB's overall GF Score™ is 80/100 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 Paradox Interactive AB (FRA:ETA), the current Return-on-Tangible-Asset is 16.75% 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 Paradox Interactive AB (FRA:ETA) Overvalued in 2026?
Based on GuruFocus' analysis, Paradox Interactive AB stock appears to be undervalued.
The current stock price of €11.76 is trading 25.8% below its estimated GF Value™ of €15.84.
GuruFocus considers Paradox Interactive AB to be Modestly Undervalued.
Key valuation signals for FRA:ETA:
Return-on-Tangible-Asset: 16.75% (60% below median its 10-year median of 42.28)
GF Value™: €15.84 vs. price of €11.76 (25.8% below fair value)
Industry Position: 1980.7% above the Interactive Media median (#212 of 568)
No single metric tells the full story. See the FRA:ETA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Paradox Interactive AB is a Swedish company. It is engaged in the development and publishing of PC-based games. The company's product portfolio includes franchise brands such as Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities, Skylines, Tyranny and Magicka. Paradox is also involved in the publishing and internal development of games and licensing of White Wolf's brands. The company distributes its games through the digital platform Steam as well as on Apple, Google Play, and Sony stores. It operates its business across the world. The majority of the company's revenue comes from the United States, while it also has its presence in Sweden, Rest of Europe and Rest of the World.
80GF Score
Get the complete analysis for FRA:ETA
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:ETA has been successfully added to your 
