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Intercontinental ExchangeFRA:IC2 -0.57%80 Return-on-Tangible-Asset is 5.07% as of Mar. 2026, which is 74% above its 10-year median of 2.91. GuruFocus rates FRA:IC2 with a GF Score™ of 80/100 and a GF Value™ of €142.24 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 819 Capital Markets companies, Intercontinental Exchange ranks better than 67.89% 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. Intercontinental Exchange's annualizedNet Income for the quarter that ended in Mar. 2026 was €4,889 Mil. Intercontinental Exchange's average total tangible assets for the quarter that ended in Mar. 2026 was €96,520 Mil. Therefore, Intercontinental Exchange's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.07%.
The historical rank and industry rank for Intercontinental Exchange's Return-on-Tangible-Asset or its related term are showing as below:
FRA:IC2'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.91 Med: 2.91 Max: 4.39
Current: 3.83
During the past 13 years, Intercontinental Exchange's highest Return-on-Tangible-Asset was 4.39%. The lowest was 0.91%. And the median was 2.91%.
FRA:IC2's Return-on-Tangible-Asset is ranked better than 67.89% of 819
companies
in the Capital Markets industry
Industry Median: 1.54
vs FRA:IC2: 3.83
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.
Intercontinental Exchange Return-on-Tangible-Asset Related Terms
Intercontinental Exchange Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Intercontinental Exchange'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:IC2 vs MCO, CME, NDAQ: Return-on-Tangible-Asset Comparison
For the Financial Data & Stock Exchanges subindustry, Intercontinental Exchange'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.
Intercontinental Exchange Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Intercontinental Exchange's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Intercontinental Exchange'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 5.07% mean?
Intercontinental Exchange (FRA:IC2) has a Return-on-Tangible-Asset of 5.07% 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 Intercontinental Exchange and its competitors. This is 74% above median its historical median of 2.91. Over the past decade, Intercontinental Exchange's Return-on-Tangible-Asset has ranged from 0.91 to 4.39. According to the industry distribution chart, Intercontinental Exchange ranks #263 out of 819 companies in the Capital Markets industry, placing it in the top 32.1%.
Is Intercontinental Exchange's Return-on-Tangible-Asset too high?
Intercontinental Exchange's current Return-on-Tangible-Asset of 5.07% is 74% above median its 10-year median of 2.91. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 4.39. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. Intercontinental Exchange's value of 5.07% is 229.2% above this industry median. Based on the distribution chart, Intercontinental Exchange ranks #263 out of 819 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Intercontinental Exchange has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intercontinental Exchange's Return-on-Tangible-Asset compare to MCO and CME?
According to the Capital Markets industry distribution chart, Intercontinental Exchange ranks #263 out of 819 companies for Return-on-Tangible-Asset. This puts Intercontinental Exchange in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.54. Intercontinental Exchange's value of 5.07% is 229.2% above this benchmark. Historically, Intercontinental Exchange's own Return-on-Tangible-Asset has ranged from 0.91 to 4.39 over the past decade. While the company's 10-year median is 2.91 vs. the industry median of 1.54, Intercontinental Exchange 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 819 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. Intercontinental Exchange's current Return-on-Tangible-Asset of 5.07% is 229.2% 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 Intercontinental Exchange 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. Intercontinental Exchange's current Return-on-Tangible-Asset is 5.07%, which is 74% above median its own 10-year median of 2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercontinental Exchange stock overvalued right now?
Based on GuruFocus' analysis, Intercontinental Exchange (FRA:IC2) is currently considered Modestly Undervalued. The stock's GF Value™ is €142.24, compared to a current price of €121.95 — trading 14.3% below its estimated fair value. The current Return-on-Tangible-Asset is 5.07%, which is 74% above median its 10-year median of 2.91 and 229.2% above the Capital Markets industry median of 1.54. Intercontinental Exchange's overall GF Score™ is 80/100 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 Intercontinental Exchange (FRA:IC2), the current Return-on-Tangible-Asset is 5.07% 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 Intercontinental Exchange (FRA:IC2) Overvalued in 2026?
Based on GuruFocus' analysis, Intercontinental Exchange stock appears to be undervalued.
The current stock price of €121.95 is trading 14.3% below its estimated GF Value™ of €142.24.
GuruFocus considers Intercontinental Exchange to be Modestly Undervalued.
Key valuation signals for FRA:IC2:
Return-on-Tangible-Asset: 5.07% (74% above median its 10-year median of 2.91)
GF Value™: €142.24 vs. price of €121.95 (14.3% below fair value)
Industry Position: 229.2% above the Capital Markets median (#263 of 819)
No single metric tells the full story. See the FRA:IC2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data-services segment (24% of net revenue).
80GF 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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