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James Hardie IndustriesFRA:JHA -0.89%70 Return-on-Tangible-Asset is 2.08% as of Mar. 2026, which is 75% below its 10-year median of 8.30. GuruFocus rates FRA:JHA with a GF Score™ of 70/100. The stock has 10 warning signs investors should review. Among 409 Building Materials companies, James Hardie Industries ranks worse than 55.5% 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. James Hardie Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was €99 Mil. James Hardie Industries's average total tangible assets for the quarter that ended in Mar. 2026 was €4,738 Mil. Therefore, James Hardie Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.08%.
The historical rank and industry rank for James Hardie Industries's Return-on-Tangible-Asset or its related term are showing as below:
FRA:JHA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.85 Med: 8.3 Max: 13.68
Current: 1.85
During the past 13 years, James Hardie Industries's highest Return-on-Tangible-Asset was 13.68%. The lowest was 1.85%. And the median was 8.30%.
FRA:JHA's Return-on-Tangible-Asset is ranked worse than 55.5% of 409
companies
in the Building Materials industry
Industry Median: 2.34
vs FRA:JHA: 1.85
James Hardie Industries (FRA:JHA) 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.
James Hardie Industries Return-on-Tangible-Asset Related Terms
James Hardie Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for James Hardie Industries'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.
James Hardie Industries Return-on-Tangible-Asset Chart
FRA:JHA vs EXP, KNF, TTAM: Return-on-Tangible-Asset Comparison
For the Building Materials subindustry, James Hardie Industries'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.
James Hardie Industries Return-on-Tangible-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, James Hardie Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where James Hardie Industries'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 2.08% mean?
James Hardie Industries (FRA:JHA) has a Return-on-Tangible-Asset of 2.08% 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 James Hardie Industries and its competitors. This is 75% below median its historical median of 8.30. Over the past decade, James Hardie Industries' Return-on-Tangible-Asset has ranged from 1.85 to 13.68. According to the industry distribution chart, James Hardie Industries ranks #227 out of 409 companies in the Building Materials industry, placing it in the top 55.5%.
Is James Hardie Industries' Return-on-Tangible-Asset too high?
James Hardie Industries' current Return-on-Tangible-Asset of 2.08% is 75% below median its 10-year median of 8.30. Over the past 10 years, this metric has ranged from a low of 1.85 to a high of 13.68. The Building Materials industry median Return-on-Tangible-Asset is 2.34. James Hardie Industries' value of 2.08% is 11.1% below this industry median. Based on the distribution chart, James Hardie Industries ranks #227 out of 409 companies in the Building Materials industry, which is below the industry midpoint. Overall, James Hardie Industries has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does James Hardie Industries' Return-on-Tangible-Asset compare to EXP and KNF?
According to the Building Materials industry distribution chart, James Hardie Industries ranks #227 out of 409 companies for Return-on-Tangible-Asset. This places James Hardie Industries in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.34. James Hardie Industries' value of 2.08% is 11.1% below this benchmark. Historically, James Hardie Industries' own Return-on-Tangible-Asset has ranged from 1.85 to 13.68 over the past decade. While the company's 10-year median is 8.30 vs. the industry median of 2.34, James Hardie Industries has consistently been below 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 Building Materials company?
The median Return-on-Tangible-Asset among Building Materials companies is 2.34, based on 409 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. James Hardie Industries's current Return-on-Tangible-Asset of 2.08% is 11.1% below 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 James Hardie Industries and its competitors. For the Building Materials industry, the median Return-on-Tangible-Asset is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. James Hardie Industries's current Return-on-Tangible-Asset is 2.08%, which is 75% below median its own 10-year median of 8.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is James Hardie Industries stock overvalued right now?
James Hardie Industries (FRA:JHA) has a current Return-on-Tangible-Asset of 2.08%. The current Return-on-Tangible-Asset is 2.08%, which is 75% below median its 10-year median of 8.30 and 11.1% below the Building Materials industry median of 2.34. James Hardie Industries' overall GF Score™ is 70/100 with 10 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 James Hardie Industries (FRA:JHA), the current Return-on-Tangible-Asset is 2.08% 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.
James Hardie is a manufacturer of fiber cement-based building products, selling primarily to the residential construction industry. North America is the primary geography, generating about 80% of group earnings. Here, it is the largest manufacturer of fiber cement, which is mainly used for exterior siding on houses. Following the Azek acquisition in 2025, it also produces wooden composite decking materials, siding trims, and accessories for outdoor areas including stair and deck railing. Businesses in Australia, New Zealand, and Europe, make up the rest of earnings.
70GF Score
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