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MandatumFRA:N2S -3.50%35 Return-on-Tangible-Asset is 1.37% as of Jun. 2026, which is 37% above its 10-year median of 1.00. GuruFocus rates FRA:N2S with a GF Score™ of 35/100 and a GF Value™ of €9.41 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 540 Diversified Financial Services companies, Mandatum ranks worse than 54.63% 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. Mandatum's annualizedNet Income for the quarter that ended in Jun. 2026 was €258 Mil. Mandatum's average total tangible assets for the quarter that ended in Jun. 2026 was €18,854 Mil. Therefore, Mandatum's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.37%.
The historical rank and industry rank for Mandatum's Return-on-Tangible-Asset or its related term are showing as below:
FRA:N2S'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.7 Med: 1 Max: 3.47
Current: 0.7
During the past 5 years, Mandatum's highest Return-on-Tangible-Asset was 3.47%. The lowest was 0.70%. And the median was 1.00%.
FRA:N2S's Return-on-Tangible-Asset is ranked worse than 54.63% of 540
companies
in the Diversified Financial Services industry
Industry Median: 0.915
vs FRA:N2S: 0.70
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.
Mandatum Return-on-Tangible-Asset Related Terms
Mandatum Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mandatum'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:N2S vs FRHC, VOYA, HTH: Return-on-Tangible-Asset Comparison
For the Financial Conglomerates subindustry, Mandatum'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.
Mandatum Return-on-Tangible-Asset vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Mandatum's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mandatum'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 1.37% mean?
Mandatum (FRA:N2S) has a Return-on-Tangible-Asset of 1.37% 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 Mandatum and its competitors. This is 37% above median its historical median of 1.00. Over the past decade, Mandatum's Return-on-Tangible-Asset has ranged from 0.70 to 3.47. According to the industry distribution chart, Mandatum ranks #295 out of 540 companies in the Diversified Financial Services industry, placing it in the top 54.6%.
Is Mandatum's Return-on-Tangible-Asset too high?
Mandatum's current Return-on-Tangible-Asset of 1.37% is 37% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 3.47. The Diversified Financial Services industry median Return-on-Tangible-Asset is 0.92. Mandatum's value of 1.37% is 49.7% above this industry median. Based on the distribution chart, Mandatum ranks #295 out of 540 companies in the Diversified Financial Services industry, which is below the industry midpoint. Overall, Mandatum has a GF Score™ of 35/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mandatum's Return-on-Tangible-Asset compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Mandatum ranks #295 out of 540 companies for Return-on-Tangible-Asset. This places Mandatum in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.92. Mandatum's value of 1.37% is 49.7% above this benchmark. Historically, Mandatum's own Return-on-Tangible-Asset has ranged from 0.70 to 3.47 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.92, Mandatum 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 Diversified Financial Services company?
The median Return-on-Tangible-Asset among Diversified Financial Services companies is 0.92, based on 540 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. Mandatum's current Return-on-Tangible-Asset of 1.37% is 49.7% 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 Mandatum and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Asset is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mandatum's current Return-on-Tangible-Asset is 1.37%, which is 37% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mandatum stock overvalued right now?
Based on GuruFocus' analysis, Mandatum (FRA:N2S) is currently considered Significantly Undervalued. The stock's GF Value™ is €9.41, compared to a current price of €6.20 — trading 34.1% below its estimated fair value. The current Return-on-Tangible-Asset is 1.37%, which is 37% above median its 10-year median of 1.00 and 49.7% above the Diversified Financial Services industry median of 0.92. Mandatum's overall GF Score™ is 35/100 with 3 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 Mandatum (FRA:N2S), the current Return-on-Tangible-Asset is 1.37% 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 Mandatum (FRA:N2S) Overvalued in 2026?
Based on GuruFocus' analysis, Mandatum stock appears to be undervalued.
The current stock price of €6.20 is trading 34.1% below its estimated GF Value™ of €9.41.
GuruFocus considers Mandatum to be Significantly Undervalued.
Key valuation signals for FRA:N2S:
Return-on-Tangible-Asset: 1.37% (37% above median its 10-year median of 1.00)
GF Value™: €9.41 vs. price of €6.20 (34.1% below fair value)
Industry Position: 49.7% above the Diversified Financial Services median (#295 of 540)
No single metric tells the full story. See the FRA:N2S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mandatum PLC is a financial services provider that combines expertise in wealth management and life insurance. It offers clients a wide array of services covering asset and wealth management, savings and investment, compensation and rewards as well as pension plans and personal risk insurance. The reportable segments are: Institutional & wealth management, Corporate clients, Retail clients and With-profit business.
35GF 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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