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. Land Securities Group's annualizedNet Income for the quarter that ended in Mar. 2026 was €567 Mil. Land Securities Group's average total tangible assets for the quarter that ended in Mar. 2026 was €13,320 Mil. Therefore, Land Securities Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.26%.
The historical rank and industry rank for Land Securities Group's Return-on-Tangible-Asset or its related term are showing as below:
FRA:LSU2'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11 Med: -0.57 Max: 7.28
Current: 2.96
During the past 13 years, Land Securities Group's highest Return-on-Tangible-Asset was 7.28%. The lowest was -11.00%. And the median was -0.57%.
FRA:LSU2's Return-on-Tangible-Asset is ranked worse than 54.63% of 939
companies
in the REITs industry
Industry Median: 3.24
vs FRA:LSU2: 2.96
Land Securities Group (FRA:LSU2) 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.
Land Securities Group Return-on-Tangible-Asset Related Terms
Land Securities Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Land Securities Group'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.
Land Securities Group Return-on-Tangible-Asset Chart
FRA:LSU2 vs VICI, WPC: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Land Securities Group'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.
Land Securities Group Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Land Securities Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Land Securities Group'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.26% mean?
Land Securities Group (FRA:LSU2) has a Return-on-Tangible-Asset of 4.26% 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 Land Securities Group and its competitors. According to the industry distribution chart, Land Securities Group ranks #513 out of 939 companies in the REITs industry, placing it in the top 54.6%.
Is Land Securities Group's Return-on-Tangible-Asset too high?
Land Securities Group's current Return-on-Tangible-Asset is 4.26%. The REITs industry median Return-on-Tangible-Asset is 3.24. Land Securities Group's value of 4.26% is 31.5% above this industry median. Based on the distribution chart, Land Securities Group ranks #513 out of 939 companies in the REITs industry, which is below the industry midpoint. Overall, Land Securities Group has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Land Securities Group's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Land Securities Group ranks #513 out of 939 companies for Return-on-Tangible-Asset. This places Land Securities Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.24. Land Securities Group's value of 4.26% is 31.5% 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.24, based on 939 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. Land Securities Group's current Return-on-Tangible-Asset of 4.26% is 31.5% 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 Land Securities Group and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Land Securities Group's current Return-on-Tangible-Asset is 4.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Land Securities Group stock overvalued right now?
Based on GuruFocus' analysis, Land Securities Group (FRA:LSU2) is currently considered Fairly Valued. The stock's GF Value™ is €7.03, compared to a current price of €7.68 — trading 9.2% above its estimated fair value. The current Return-on-Tangible-Asset is 4.26% and 31.5% above the REITs industry median of 3.24. Land Securities Group's overall GF Score™ is 66/100 with 8 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 Land Securities Group (FRA:LSU2), the current Return-on-Tangible-Asset is 4.26% 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 Land Securities Group (FRA:LSU2) Overvalued in 2026?
Based on GuruFocus' analysis, Land Securities Group stock appears to be overvalued.
The current stock price of €7.68 is trading 9.2% above its estimated GF Value™ of €7.03.
GuruFocus considers Land Securities Group to be Fairly Valued.
Key valuation signals for FRA:LSU2:
Return-on-Tangible-Asset: 4.26%
GF Value™: €7.03 vs. price of €7.68 (9.2% above fair value)
Industry Position: 31.5% above the REITs median (#513 of 939)
No single metric tells the full story. See the FRA:LSU2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Land Securities Group PLC is a real estate investment trust engaged in buying, selling, developing, and managing commercial property in the United Kingdom. The company's real estate portfolio is made up of office, retail, and leisure spaces in the London and Greater London regions. Office locations in London's West End, offices in the City of London, and shopping centers comprise the majority of the value of Land Securities' total assets. The company derives nearly all of its revenue in the form of rental income from medium- to long-term leases with tenants. Land Securities' overall net rental income is fairly evenly split between revenue from its London office properties and its retail properties in Greater London. It segments as Office-led, Retail-led, Residential-led and Other assets.
66GF 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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