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.
H.B. Fuller CoFRA:HB1 +1.26%83 Return-on-Tangible-Asset is 9.74% as of May. 2026, which is 48% above its 10-year median of 6.58. GuruFocus rates FRA:HB1 with a GF Score™ of 83/100 and a GF Value™ of €57.48. The stock has 4 warning signs investors should review. Among 1,612 Chemicals companies, H.B. Fuller Co ranks better than 74.38% 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. H.B. Fuller Co's annualizedNet Income for the quarter that ended in May. 2026 was €232 Mil. H.B. Fuller Co's average total tangible assets for the quarter that ended in May. 2026 was €2,383 Mil. Therefore, H.B. Fuller Co's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 was 9.74%.
The historical rank and industry rank for H.B. Fuller Co's Return-on-Tangible-Asset or its related term are showing as below:
FRA:HB1'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.38 Med: 6.58 Max: 8.57
Current: 6.85
During the past 13 years, H.B. Fuller Co's highest Return-on-Tangible-Asset was 8.57%. The lowest was 3.38%. And the median was 6.58%.
FRA:HB1's Return-on-Tangible-Asset is ranked better than 74.38% of 1612
companies
in the Chemicals industry
Industry Median: 3.07
vs FRA:HB1: 6.85
H.B. Fuller Co (FRA:HB1) 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.
H.B. Fuller Co Return-on-Tangible-Asset Related Terms
H.B. Fuller Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for H.B. Fuller Co'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:HB1 vs ASH, HWKN, WDFC: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, H.B. Fuller Co'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.
H.B. Fuller Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, H.B. Fuller Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where H.B. Fuller Co'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 (May. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.74% mean?
H.B. Fuller Co (FRA:HB1) has a Return-on-Tangible-Asset of 9.74% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on H.B. Fuller Co and its competitors. This is 48% above median its historical median of 6.58. Over the past decade, H.B. Fuller Co's Return-on-Tangible-Asset has ranged from 3.38 to 8.57. According to the industry distribution chart, H.B. Fuller Co ranks #413 out of 1612 companies in the Chemicals industry, placing it in the top 25.6%.
Is H.B. Fuller Co's Return-on-Tangible-Asset too high?
H.B. Fuller Co's current Return-on-Tangible-Asset of 9.74% is 48% above median its 10-year median of 6.58. Over the past 10 years, this metric has ranged from a low of 3.38 to a high of 8.57. The Chemicals industry median Return-on-Tangible-Asset is 3.07. H.B. Fuller Co's value of 9.74% is 217.3% above this industry median. Based on the distribution chart, H.B. Fuller Co ranks #413 out of 1612 companies in the Chemicals industry, which is above the industry midpoint. Overall, H.B. Fuller Co has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does H.B. Fuller Co's Return-on-Tangible-Asset compare to ASH and HWKN?
According to the Chemicals industry distribution chart, H.B. Fuller Co ranks #413 out of 1612 companies for Return-on-Tangible-Asset. This puts H.B. Fuller Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.07. H.B. Fuller Co's value of 9.74% is 217.3% above this benchmark. Historically, H.B. Fuller Co's own Return-on-Tangible-Asset has ranged from 3.38 to 8.57 over the past decade. While the company's 10-year median is 6.58 vs. the industry median of 3.07, H.B. Fuller Co 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 a Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.07, based on 1,612 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. H.B. Fuller Co's current Return-on-Tangible-Asset of 9.74% is 217.3% 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 H.B. Fuller Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H.B. Fuller Co's current Return-on-Tangible-Asset is 9.74%, which is 48% above median its own 10-year median of 6.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H.B. Fuller Co stock overvalued right now?
H.B. Fuller Co (FRA:HB1) has a current Return-on-Tangible-Asset of 9.74%. The stock's GF Value™ is €57.48, compared to a current price of €48.40 — trading 15.8% below its estimated fair value. The current Return-on-Tangible-Asset is 9.74%, which is 48% above median its 10-year median of 6.58 and 217.3% above the Chemicals industry median of 3.07. H.B. Fuller Co's overall GF Score™ is 83/100 with 4 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 H.B. Fuller Co (FRA:HB1), the current Return-on-Tangible-Asset is 9.74% as of May. 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 H.B. Fuller Co (FRA:HB1) Overvalued in 2026?
Based on GuruFocus' analysis, H.B. Fuller Co stock appears to be undervalued.
The current stock price of €48.40 is trading 15.8% below its estimated GF Value™ of €57.48.
Key valuation signals for FRA:HB1:
Return-on-Tangible-Asset: 9.74% (48% above median its 10-year median of 6.58)
GF Value™: €57.48 vs. price of €48.40 (15.8% below fair value)
Industry Position: 217.3% above the Chemicals median (#413 of 1612)
No single metric tells the full story. See the FRA:HB1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
H.B. Fuller Co manufactures and sells adhesives, sealants, and other chemical-based products. The company organizes itself into three segments: Hygiene, Health and Consumable Adhesives, Engineering Adhesives, and Construction Adhesives. It generates the maximum revenue from hygiene, health, and consumable adhesives. This segment produces and supplies a full range of specialty industrial adhesives such as thermoplastic, thermoset, reactive, water-based, and solvent-based products for applications in various markets, including packaging, converting, nonwoven, and hygiene (disposable diapers, feminine care, and medical garments) and health and beauty. The company generates around half of its revenue in the United States.
83GF Score
Get the complete analysis for FRA:HB1
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:HB1 has been successfully added to your 
