Hove ASFRA:LL0 +1.36%63 Return-on-Tangible-Asset is 32.86% as of Mar. 2026, which is 429% above its 10-year median of 6.21. GuruFocus rates FRA:LL0 with a GF Score™ of 63/100 and a GF Value™ of €0.84 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,611 Chemicals companies, Hove AS ranks better than 94.72% 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. Hove AS's annualizedNet Income for the quarter that ended in Mar. 2026 was €5.25 Mil. Hove AS's average total tangible assets for the quarter that ended in Mar. 2026 was €15.98 Mil. Therefore, Hove AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 32.86%.
The historical rank and industry rank for Hove AS's Return-on-Tangible-Asset or its related term are showing as below:
FRA:LL0'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.79 Med: 6.21 Max: 14.59
Current: 14.59
During the past 7 years, Hove AS's highest Return-on-Tangible-Asset was 14.59%. The lowest was 3.79%. And the median was 6.21%.
FRA:LL0's Return-on-Tangible-Asset is ranked better than 94.72% of 1611
companies
in the Chemicals industry
Industry Median: 3.08
vs FRA:LL0: 14.59
Hove AS (FRA:LL0) 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.
Hove AS Return-on-Tangible-Asset Related Terms
Hove AS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hove AS'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:LL0 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Hove AS'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.
Hove AS Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Hove AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hove AS'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 32.86% mean?
Hove AS (FRA:LL0) has a Return-on-Tangible-Asset of 32.86% 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 Hove AS and its competitors. This is 429% above median its historical median of 6.21. Over the past decade, Hove AS's Return-on-Tangible-Asset has ranged from 3.79 to 14.59. According to the industry distribution chart, Hove AS ranks #85 out of 1611 companies in the Chemicals industry, placing it in the top 5.3%.
Is Hove AS's Return-on-Tangible-Asset too high?
Hove AS's current Return-on-Tangible-Asset of 32.86% is 429% above median its 10-year median of 6.21. Over the past 10 years, this metric has ranged from a low of 3.79 to a high of 14.59. The Chemicals industry median Return-on-Tangible-Asset is 3.08. Hove AS's value of 32.86% is 966.9% above this industry median. Based on the distribution chart, Hove AS ranks #85 out of 1611 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Hove AS has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hove AS's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Hove AS ranks #85 out of 1611 companies for Return-on-Tangible-Asset. This places Hove AS in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.08. Hove AS's value of 32.86% is 966.9% above this benchmark. Historically, Hove AS's own Return-on-Tangible-Asset has ranged from 3.79 to 14.59 over the past decade. While the company's 10-year median is 6.21 vs. the industry median of 3.08, Hove AS 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 3.08, based on 1,611 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. Hove AS's current Return-on-Tangible-Asset of 32.86% is 966.9% 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 Hove AS and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hove AS's current Return-on-Tangible-Asset is 32.86%, which is 429% above median its own 10-year median of 6.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hove AS stock overvalued right now?
Based on GuruFocus' analysis, Hove AS (FRA:LL0) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.84, compared to a current price of €0.75 — trading 11% below its estimated fair value. The current Return-on-Tangible-Asset is 32.86%, which is 429% above median its 10-year median of 6.21 and 966.9% above the Chemicals industry median of 3.08. Hove AS's overall GF Score™ is 63/100 with 2 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 Hove AS (FRA:LL0), the current Return-on-Tangible-Asset is 32.86% 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 Hove AS (FRA:LL0) Overvalued in 2026?
Based on GuruFocus' analysis, Hove AS stock appears to be undervalued.
The current stock price of €0.75 is trading 11% below its estimated GF Value™ of €0.84.
GuruFocus considers Hove AS to be Modestly Undervalued.
Key valuation signals for FRA:LL0:
Return-on-Tangible-Asset: 32.86% (429% above median its 10-year median of 6.21)
GF Value™: €0.84 vs. price of €0.75 (11% below fair value)
Industry Position: 966.9% above the Chemicals median (#85 of 1611)
No single metric tells the full story. See the FRA:LL0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hove AS develops, produces, and supplies lubrication solutions for mechanical bearings in the wind turbine industry. The company's solutions are Hove Smart Lube, Hove Carry, Lubrication Solutions, Beinlich Pumps, and others.
63GF Score
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