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Teqnion ABFRA:M45 -6.11%65 Return-on-Tangible-Asset is 15.51% as of Jun. 2026, which is 13% above its 10-year median of 13.72. GuruFocus rates FRA:M45 with a GF Score™ of 65/100 and a GF Value™ of €18.88 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 568 Conglomerates companies, Teqnion AB ranks better than 88.2% 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. Teqnion AB's annualizedNet Income for the quarter that ended in Jun. 2026 was €15.5 Mil. Teqnion AB's average total tangible assets for the quarter that ended in Jun. 2026 was €100.3 Mil. Therefore, Teqnion AB's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 15.51%.
The historical rank and industry rank for Teqnion AB's Return-on-Tangible-Asset or its related term are showing as below:
FRA:M45'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.66 Med: 13.72 Max: 20.48
Current: 9.66
During the past 9 years, Teqnion AB's highest Return-on-Tangible-Asset was 20.48%. The lowest was 9.66%. And the median was 13.72%.
FRA:M45's Return-on-Tangible-Asset is ranked better than 88.2% of 568
companies
in the Conglomerates industry
Industry Median: 2.735
vs FRA:M45: 9.66
Teqnion AB (FRA:M45) 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.
Teqnion AB Return-on-Tangible-Asset Related Terms
Teqnion AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Teqnion 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.
FRA:M45 vs HON, MMM: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Teqnion 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.
Teqnion AB Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Teqnion AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Teqnion 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 15.51% mean?
Teqnion AB (FRA:M45) has a Return-on-Tangible-Asset of 15.51% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Teqnion AB and its competitors. This is 13% above median its historical median of 13.72. Over the past decade, Teqnion AB's Return-on-Tangible-Asset has ranged from 9.66 to 20.48. According to the industry distribution chart, Teqnion AB ranks #67 out of 568 companies in the Conglomerates industry, placing it in the top 11.8%.
Is Teqnion AB's Return-on-Tangible-Asset too high?
Teqnion AB's current Return-on-Tangible-Asset of 15.51% is 13% above median its 10-year median of 13.72. Over the past 10 years, this metric has ranged from a low of 9.66 to a high of 20.48. The Conglomerates industry median Return-on-Tangible-Asset is 2.74. Teqnion AB's value of 15.51% is 467.1% above this industry median. Based on the distribution chart, Teqnion AB ranks #67 out of 568 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Teqnion AB has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Teqnion AB's Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, Teqnion AB ranks #67 out of 568 companies for Return-on-Tangible-Asset. This places Teqnion AB in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.74. Teqnion AB's value of 15.51% is 467.1% above this benchmark. Historically, Teqnion AB's own Return-on-Tangible-Asset has ranged from 9.66 to 20.48 over the past decade. While the company's 10-year median is 13.72 vs. the industry median of 2.74, Teqnion 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. Teqnion AB's current Return-on-Tangible-Asset of 15.51% is 467.1% 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 Teqnion 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. Teqnion AB's current Return-on-Tangible-Asset is 15.51%, which is 13% above median its own 10-year median of 13.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teqnion AB stock overvalued right now?
Based on GuruFocus' analysis, Teqnion AB (FRA:M45) is currently considered Modestly Undervalued. The stock's GF Value™ is €18.88, compared to a current price of €14.44 — trading 23.5% below its estimated fair value. The current Return-on-Tangible-Asset is 15.51%, which is 13% above median its 10-year median of 13.72 and 467.1% above the Conglomerates industry median of 2.74. Teqnion AB's overall GF Score™ is 65/100 with 4 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 Teqnion AB (FRA:M45), the current Return-on-Tangible-Asset is 15.51% as of Jun. 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 Teqnion AB (FRA:M45) Overvalued in 2026?
Based on GuruFocus' analysis, Teqnion AB stock appears to be undervalued.
The current stock price of €14.44 is trading 23.5% below its estimated GF Value™ of €18.88.
GuruFocus considers Teqnion AB to be Modestly Undervalued.
Key valuation signals for FRA:M45:
Return-on-Tangible-Asset: 15.51% (13% above median its 10-year median of 13.72)
GF Value™: €18.88 vs. price of €14.44 (23.5% below fair value)
Industry Position: 467.1% above the Conglomerates median (#67 of 568)
No single metric tells the full story. See the FRA:M45 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Teqnion AB is an industrial group that acquires stable niche companies with good cash flows to develop and own with an eternal horizon. The subsidiaries are managed in a decentralized manner with support from the parent company. Its group of companies consists of agency businesses that include brands, product and service companies developing solutions for specific industrial niches, and manufacturing companies that sell products under their own or customers' brands. Teqnion continuously supports its companies with planning work and problem-solving beyond the everyday management and financial resources. Geographically, the Group generates maximum revenue from Sweden, and the rest from the European Union (excluding Sweden), the United Kingdom, Norway, the USA, and the Rest of the world.
65GF Score
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