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L E Lundbergforetagen ABFRA:LU3B +0.24%72 Return-on-Tangible-Asset is 7.78% as of Mar. 2026, which is 81% above its 10-year median of 4.30. GuruFocus rates FRA:LU3B with a GF Score™ of 72/100 and a GF Value™ of €44.12 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 568 Conglomerates companies, L E Lundbergforetagen AB ranks better than 74.47% 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. L E Lundbergforetagen AB's annualizedNet Income for the quarter that ended in Mar. 2026 was €1,764 Mil. L E Lundbergforetagen AB's average total tangible assets for the quarter that ended in Mar. 2026 was €22,670 Mil. Therefore, L E Lundbergforetagen AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.78%.
The historical rank and industry rank for L E Lundbergforetagen AB's Return-on-Tangible-Asset or its related term are showing as below:
FRA:LU3B'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.73 Med: 4.3 Max: 10.62
Current: 5.78
During the past 13 years, L E Lundbergforetagen AB's highest Return-on-Tangible-Asset was 10.62%. The lowest was 0.73%. And the median was 4.30%.
FRA:LU3B's Return-on-Tangible-Asset is ranked better than 74.47% of 568
companies
in the Conglomerates industry
Industry Median: 2.735
vs FRA:LU3B: 5.78
L E Lundbergforetagen AB (FRA:LU3B) 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.
L E Lundbergforetagen AB Return-on-Tangible-Asset Related Terms
L E Lundbergforetagen AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for L E Lundbergforetagen AB'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.
L E Lundbergforetagen AB Return-on-Tangible-Asset Chart
FRA:LU3B vs HON, MMM: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, L E Lundbergforetagen AB'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.
L E Lundbergforetagen AB Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, L E Lundbergforetagen AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where L E Lundbergforetagen AB'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 7.78% mean?
L E Lundbergforetagen AB (FRA:LU3B) has a Return-on-Tangible-Asset of 7.78% 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 L E Lundbergforetagen AB and its competitors. This is 81% above median its historical median of 4.30. Over the past decade, L E Lundbergforetagen AB's Return-on-Tangible-Asset has ranged from 0.73 to 10.62. According to the industry distribution chart, L E Lundbergforetagen AB ranks #145 out of 568 companies in the Conglomerates industry, placing it in the top 25.5%.
Is L E Lundbergforetagen AB's Return-on-Tangible-Asset too high?
L E Lundbergforetagen AB's current Return-on-Tangible-Asset of 7.78% is 81% above median its 10-year median of 4.30. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 10.62. The Conglomerates industry median Return-on-Tangible-Asset is 2.74. L E Lundbergforetagen AB's value of 7.78% is 184.5% above this industry median. Based on the distribution chart, L E Lundbergforetagen AB ranks #145 out of 568 companies in the Conglomerates industry, which is above the industry midpoint. Overall, L E Lundbergforetagen AB has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does L E Lundbergforetagen AB's Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, L E Lundbergforetagen AB ranks #145 out of 568 companies for Return-on-Tangible-Asset. This puts L E Lundbergforetagen AB in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.74. L E Lundbergforetagen AB's value of 7.78% is 184.5% above this benchmark. Historically, L E Lundbergforetagen AB's own Return-on-Tangible-Asset has ranged from 0.73 to 10.62 over the past decade. While the company's 10-year median is 4.30 vs. the industry median of 2.74, L E Lundbergforetagen AB 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.74, based on 568 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. L E Lundbergforetagen AB's current Return-on-Tangible-Asset of 7.78% is 184.5% 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 L E Lundbergforetagen AB and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L E Lundbergforetagen AB's current Return-on-Tangible-Asset is 7.78%, which is 81% above median its own 10-year median of 4.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L E Lundbergforetagen AB stock overvalued right now?
Based on GuruFocus' analysis, L E Lundbergforetagen AB (FRA:LU3B) is currently considered Modestly Overvalued. The stock's GF Value™ is €44.12, compared to a current price of €49.42 — trading 12% above its estimated fair value. The current Return-on-Tangible-Asset is 7.78%, which is 81% above median its 10-year median of 4.30 and 184.5% above the Conglomerates industry median of 2.74. L E Lundbergforetagen AB's overall GF Score™ is 72/100 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 L E Lundbergforetagen AB (FRA:LU3B), the current Return-on-Tangible-Asset is 7.78% 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 L E Lundbergforetagen AB (FRA:LU3B) Overvalued in 2026?
Based on GuruFocus' analysis, L E Lundbergforetagen AB stock appears to be overvalued.
The current stock price of €49.42 is trading 12% above its estimated GF Value™ of €44.12.
GuruFocus considers L E Lundbergforetagen AB to be Modestly Overvalued.
Key valuation signals for FRA:LU3B:
Return-on-Tangible-Asset: 7.78% (81% above median its 10-year median of 4.30)
GF Value™: €44.12 vs. price of €49.42 (12% above fair value)
Industry Position: 184.5% above the Conglomerates median (#145 of 568)
No single metric tells the full story. See the FRA:LU3B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
L E Lundbergforetagen AB is an investment holding company with a long-term, activist orientation. Its portfolio includes a wholly owned unlisted real estate entity, publicly-traded subsidiaries, and other shareholdings. Lundberg's investment objective is to generate returns on capital that over time substantially exceed the yield on a risk-free, interest-bearing instrument. Real estate operations, which the company has conducted through subsidiaries for decades, account for nearly half of the company's net asset value. Lundberg exercises activism through board representation on all of its portfolio companies. It supports its capital allocation program by maintaining low levels of indebtedness on its balance sheet.
72GF Score
Get the complete analysis for FRA:LU3B
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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