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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. Nektar Therapeutics's annualizedNet Income for the quarter that ended in Mar. 2026 was €-155.37 Mil. Nektar Therapeutics's average total tangible assets for the quarter that ended in Mar. 2026 was €449.85 Mil. Therefore, Nektar Therapeutics's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -34.54%.
The historical rank and industry rank for Nektar Therapeutics's Return-on-Tangible-Asset or its related term are showing as below:
FRA:ITH0'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -56.17 Med: -33.74 Max: 54.37
Current: -43.7
During the past 13 years, Nektar Therapeutics's highest Return-on-Tangible-Asset was 54.37%. The lowest was -56.17%. And the median was -33.74%.
FRA:ITH0's Return-on-Tangible-Asset is ranked worse than 55.58% of 1416
companies
in the Biotechnology industry
Industry Median: -35.76
vs FRA:ITH0: -43.70
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.
Nektar Therapeutics Return-on-Tangible-Asset Related Terms
Nektar Therapeutics Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nektar Therapeutics'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:ITH0 vs OCUL, PVLA, GENB: Return-on-Tangible-Asset Comparison
For the Biotechnology subindustry, Nektar Therapeutics'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.
Nektar Therapeutics Return-on-Tangible-Asset vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Nektar Therapeutics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nektar Therapeutics'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 -34.54% mean?
Nektar Therapeutics (FRA:ITH0) has a Return-on-Tangible-Asset of -34.54% 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 Nektar Therapeutics and its competitors. According to the industry distribution chart, Nektar Therapeutics ranks #787 out of 1416 companies in the Biotechnology industry, placing it in the top 55.6%.
Is Nektar Therapeutics' Return-on-Tangible-Asset too high?
Nektar Therapeutics' current Return-on-Tangible-Asset is -34.54%. Based on the distribution chart, Nektar Therapeutics ranks #787 out of 1416 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Nektar Therapeutics has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nektar Therapeutics' Return-on-Tangible-Asset compare to OCUL and PVLA?
According to the Biotechnology industry distribution chart, Nektar Therapeutics ranks #787 out of 1416 companies for Return-on-Tangible-Asset. This places Nektar Therapeutics in the lower half of its industry. 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 Biotechnology company?
A good Return-on-Tangible-Asset depends on the Biotechnology industry context. 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 Nektar Therapeutics and its competitors. Nektar Therapeutics's current Return-on-Tangible-Asset is -34.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nektar Therapeutics stock overvalued right now?
Based on GuruFocus' analysis, Nektar Therapeutics (FRA:ITH0) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.08, compared to a current price of €58.96 — trading 1060.6% above its estimated fair value. The current Return-on-Tangible-Asset is -34.54%. Nektar Therapeutics' overall GF Score™ is 47/100 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 Nektar Therapeutics (FRA:ITH0), the current Return-on-Tangible-Asset is -34.54% 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 Nektar Therapeutics (FRA:ITH0) Overvalued in 2026?
Based on GuruFocus' analysis, Nektar Therapeutics stock appears to be overvalued.
The current stock price of €58.96 is trading 1060.6% above its estimated GF Value™ of €5.08.
GuruFocus considers Nektar Therapeutics to be Significantly Overvalued.
Key valuation signals for FRA:ITH0:
Return-on-Tangible-Asset: -34.54%
GF Value™: €5.08 vs. price of €58.96 (1060.6% above fair value)
No single metric tells the full story. See the FRA:ITH0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nektar Therapeutics is a clinical-stage, research-based biopharmaceutical company headquartered in San Francisco, California, and incorporated in Delaware, focused on discovering and developing medicines in the field of immunotherapy. The Company directs its efforts toward creating immunomodulatory agents that selectively induce, amplify, attenuate, or prevent immune responses to achieve desired therapeutic outcomes. Its pipeline of clinical-stage and preclinical-stage immunomodulatory agents targets the treatment of autoimmune diseases, including rezpegaldesleukin, NKTR-0165, NKTR-0166, and NKTR-422, as well as cancer, including NKTR-255.
47GF Score
Get the complete analysis for FRA:ITH0
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