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.
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. GBS Software AG's annualizedNet Income for the quarter that ended in Dec. 2025 was €1.69 Mil. GBS Software AG's average total tangible assets for the quarter that ended in Dec. 2025 was €4.32 Mil. Therefore, GBS Software AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 39.07%.
The historical rank and industry rank for GBS Software AG's Return-on-Tangible-Asset or its related term are showing as below:
FRA:INW'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -35.48 Med: -15.79 Max: 49.01
Current: 17.57
During the past 13 years, GBS Software AG's highest Return-on-Tangible-Asset was 49.01%. The lowest was -35.48%. And the median was -15.79%.
FRA:INW's Return-on-Tangible-Asset is ranked better than 89.49% of 2893
companies
in the Software industry
Industry Median: 2.06
vs FRA:INW: 17.57
GBS Software AG (FRA:INW) 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.
GBS Software AG Return-on-Tangible-Asset Related Terms
GBS Software AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for GBS Software 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.
FRA:INW vs MSFT, ORCL, PLTR: Return-on-Tangible-Asset Comparison
For the Software - Infrastructure subindustry, GBS Software 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.
GBS Software AG Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, GBS Software AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where GBS Software 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 39.07% mean?
GBS Software AG (FRA:INW) has a Return-on-Tangible-Asset of 39.07% 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 GBS Software AG and its competitors. According to the industry distribution chart, GBS Software AG ranks #304 out of 2893 companies in the Software industry, placing it in the top 10.5%.
Is GBS Software AG's Return-on-Tangible-Asset too high?
GBS Software AG's current Return-on-Tangible-Asset is 39.07%. The Software industry median Return-on-Tangible-Asset is 2.06. GBS Software AG's value of 39.07% is 1796.6% above this industry median. Based on the distribution chart, GBS Software AG ranks #304 out of 2893 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, GBS Software AG has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GBS Software AG's Return-on-Tangible-Asset compare to MSFT and ORCL?
According to the Software industry distribution chart, GBS Software AG ranks #304 out of 2893 companies for Return-on-Tangible-Asset. This places GBS Software AG in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.06. GBS Software AG's value of 39.07% is 1796.6% above this benchmark. 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.06, based on 2,893 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. GBS Software AG's current Return-on-Tangible-Asset of 39.07% is 1796.6% 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 GBS Software AG and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GBS Software AG's current Return-on-Tangible-Asset is 39.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GBS Software AG stock overvalued right now?
Based on GuruFocus' analysis, GBS Software AG (FRA:INW) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.17, compared to a current price of €3.90 — trading 233.3% above its estimated fair value. The current Return-on-Tangible-Asset is 39.07% and 1796.6% above the Software industry median of 2.06. GBS Software AG's overall GF Score™ is 54/100 with 7 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 GBS Software AG (FRA:INW), the current Return-on-Tangible-Asset is 39.07% 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 GBS Software AG (FRA:INW) Overvalued in 2026?
Based on GuruFocus' analysis, GBS Software AG stock appears to be overvalued.
The current stock price of €3.90 is trading 233.3% above its estimated GF Value™ of €1.17.
GuruFocus considers GBS Software AG to be Significantly Overvalued.
Key valuation signals for FRA:INW:
Return-on-Tangible-Asset: 39.07%
GF Value™: €1.17 vs. price of €3.90 (233.3% above fair value)
Industry Position: 1796.6% above the Software median (#304 of 2893)
No single metric tells the full story. See the FRA:INW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GBS Software AG provides solutions and services in the fields of messaging security and workflow for the IBM and Microsoft collaboration platforms. It acts as a providers of email security and workflow management solutions. The company operates in Europe, North America, and Asia. It provides retirement management solutions as well. The group provides the following services: Domino Administration, XPages migration, Mobility, Consulting, and Training and mentoring.
54GF Score
Get the complete analysis for FRA:INW
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:INW has been successfully added to your 
