Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Maschinenfabrik Berthold Hermle AGFRA:MBH3 +1.14%76 Return-on-Tangible-Asset is 16.01% as of Dec. 2025, which is 8% below its 10-year median of 17.49. GuruFocus rates FRA:MBH3 with a GF Score™ of 76/100 and a GF Value™ of €196.95 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 3,076 Industrial Products companies, Maschinenfabrik Berthold Hermle AG ranks better than 86.9% on this metric.
The historical rank and industry rank for Maschinenfabrik Berthold Hermle AG's Return-on-Tangible-Asset or its related term are showing as below:
FRA:MBH3'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.52 Med: 17.49 Max: 25.62
Current: 10.52
During the past 13 years, Maschinenfabrik Berthold Hermle AG's highest Return-on-Tangible-Asset was 25.62%. The lowest was 10.52%. And the median was 17.49%.
FRA:MBH3's Return-on-Tangible-Asset is ranked better than 86.9% of 3076
companies
in the Industrial Products industry
Industry Median: 3.26
vs FRA:MBH3: 10.52
Maschinenfabrik Berthold Hermle AG (FRA:MBH3) 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.
Maschinenfabrik Berthold Hermle AG Return-on-Tangible-Asset Related Terms
Maschinenfabrik Berthold Hermle AG Return-on-Tangible-Asset Historical Data
* 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.
Maschinenfabrik Berthold Hermle AG Return-on-Tangible-Asset Chart
FRA:MBH3 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Maschinenfabrik Berthold Hermle AG'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.
Maschinenfabrik Berthold Hermle AG Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Maschinenfabrik Berthold Hermle AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Maschinenfabrik Berthold Hermle AG'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 16.01% mean?
Maschinenfabrik Berthold Hermle AG (FRA:MBH3) has a Return-on-Tangible-Asset of 16.01% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Maschinenfabrik Berthold Hermle AG and its competitors. This is near median its historical median of 17.49. Over the past decade, Maschinenfabrik Berthold Hermle AG's Return-on-Tangible-Asset has ranged from 10.52 to 25.62. According to the industry distribution chart, Maschinenfabrik Berthold Hermle AG ranks #403 out of 3076 companies in the Industrial Products industry, placing it in the top 13.1%.
Is Maschinenfabrik Berthold Hermle AG's Return-on-Tangible-Asset too high?
Maschinenfabrik Berthold Hermle AG's current Return-on-Tangible-Asset of 16.01% is near median its 10-year median of 17.49. Over the past 10 years, this metric has ranged from a low of 10.52 to a high of 25.62. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Maschinenfabrik Berthold Hermle AG's value of 16.01% is 391.1% above this industry median. Based on the distribution chart, Maschinenfabrik Berthold Hermle AG ranks #403 out of 3076 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Maschinenfabrik Berthold Hermle AG has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maschinenfabrik Berthold Hermle AG's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Maschinenfabrik Berthold Hermle AG ranks #403 out of 3076 companies for Return-on-Tangible-Asset. This places Maschinenfabrik Berthold Hermle AG in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. Maschinenfabrik Berthold Hermle AG's value of 16.01% is 391.1% above this benchmark. Historically, Maschinenfabrik Berthold Hermle AG's own Return-on-Tangible-Asset has ranged from 10.52 to 25.62 over the past decade. While the company's 10-year median is 17.49 vs. the industry median of 3.26, Maschinenfabrik Berthold Hermle AG 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,076 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. Maschinenfabrik Berthold Hermle AG's current Return-on-Tangible-Asset of 16.01% is 391.1% 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 Maschinenfabrik Berthold Hermle AG and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maschinenfabrik Berthold Hermle AG's current Return-on-Tangible-Asset is 16.01%, which is near median its own 10-year median of 17.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maschinenfabrik Berthold Hermle AG stock overvalued right now?
Based on GuruFocus' analysis, Maschinenfabrik Berthold Hermle AG (FRA:MBH3) is currently considered Modestly Undervalued. The stock's GF Value™ is €196.95, compared to a current price of €177.00 — trading 10.1% below its estimated fair value. The current Return-on-Tangible-Asset is 16.01%, which is near median its 10-year median of 17.49 and 391.1% above the Industrial Products industry median of 3.26. Maschinenfabrik Berthold Hermle AG's overall GF Score™ is 76/100 with 6 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 Maschinenfabrik Berthold Hermle AG (FRA:MBH3), the current Return-on-Tangible-Asset is 16.01% as of Dec. 2025. 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 Maschinenfabrik Berthold Hermle AG (FRA:MBH3) Overvalued in 2026?
Based on GuruFocus' analysis, Maschinenfabrik Berthold Hermle AG stock appears to be undervalued.
The current stock price of €177.00 is trading 10.1% below its estimated GF Value™ of €196.95.
GuruFocus considers Maschinenfabrik Berthold Hermle AG to be Modestly Undervalued.
Key valuation signals for FRA:MBH3:
Return-on-Tangible-Asset: 16.01% (near median its 10-year median of 17.49)
GF Value™: €196.95 vs. price of €177.00 (10.1% below fair value)
Industry Position: 391.1% above the Industrial Products median (#403 of 3076)
No single metric tells the full story. See the FRA:MBH3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maschinenfabrik Berthold Hermle AG Business Description
Maschinenfabrik Berthold Hermle AG is a Germany-based company that produces universal milling machines and machining centers, offering its customers complete automation solutions under one roof. The company's customers include domestic and international companies in various high-tech sectors, encompassing mechanical and plant engineering with applications for packing technology, mining or the special vehicles segment, the aerospace industry, medical technology, the electronics and chip industry, the optical industry, energy technology, toolmaking and mould construction as well as the automotive industry, including their subcontractors. The group's operating segments include Domestic companies, which derive maximum revenue, and Foreign sales companies.
76GF Score
Get the complete analysis for FRA:MBH3
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:MBH3 has been successfully added to your 
