Vastra Hamnenorate Finance AB (FRA:NP8) Return-on-Tangible-Asset: -48.63% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:NP8 Vastra Hamnen Corporate Finance AB FRA:NP8
51 GF Score
Price €1.14
GF Value €2.83
! 2 Warning Signs
View Full Analysis

What is Vastra Hamnenorate Finance AB Return-on-Tangible-Asset?

Vastra Hamnenorate Finance AB FRA:NP8 -18.57% 51 Return-on-Tangible-Asset is -48.63% as of Mar. 2026. GuruFocus rates FRA:NP8 with a GF Score™ of 51/100 and a GF Value™ of €2.83. The stock has 2 warning signs investors should review. Among 1,635 Asset Management companies, Vastra Hamnenorate Finance AB ranks worse than 90.83% 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. Vastra Hamnenorate Finance AB's annualized Net Income for the quarter that ended in Mar. 2026 was €-0.47 Mil. Vastra Hamnenorate Finance AB's average total tangible assets for the quarter that ended in Mar. 2026 was €0.97 Mil. Therefore, Vastra Hamnenorate Finance AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -48.63%.

The historical rank and industry rank for Vastra Hamnenorate Finance AB's Return-on-Tangible-Asset or its related term are showing as below:

FRA:NP8' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -23.87   Med: 12.81   Max: 46.01
Current: -17.51

During the past 6 years, Vastra Hamnenorate Finance AB's highest Return-on-Tangible-Asset was 46.01%. The lowest was -23.87%. And the median was 12.81%.

FRA:NP8's Return-on-Tangible-Asset is ranked worse than
90.83% of 1635 companies
in the Asset Management industry
Industry Median: 4.23 vs FRA:NP8: -17.51

Vastra Hamnenorate Finance AB  (FRA:NP8) 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 company’s 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 company’s 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.


Vastra Hamnenorate Finance AB Return-on-Tangible-Asset Related Terms


Vastra Hamnenorate Finance AB Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Vastra Hamnenorate Finance 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.

Vastra Hamnenorate Finance AB Return-on-Tangible-Asset Chart

Vastra Hamnenorate Finance AB Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial 45.81 9.84 15.21 8.99 -24.69

Vastra Hamnenorate Finance AB Quarterly Data
Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -66.15 21.90 -25.34 -28.43 -48.63

FRA:NP8 vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison

For the Asset Management subindustry, Vastra Hamnenorate Finance 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.


Vastra Hamnenorate Finance AB Return-on-Tangible-Asset vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Vastra Hamnenorate Finance AB's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Vastra Hamnenorate Finance AB's Return-on-Tangible-Asset falls into.


FRA:NP8
51GF Score
Vastra Hamnen Corporate Finance AB FRA:NP8
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vastra Hamnenorate Finance AB Return-on-Tangible-Asset Calculation

Vastra Hamnenorate Finance AB's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-0.321/( (1.568+1.032)/ 2 )
=-0.321/1.3
=-24.69 %

Vastra Hamnenorate Finance AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-0.472/( (1.032+0.909)/ 2 )
=-0.472/0.9705
=-48.63 %

* 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 -48.63% mean?
Vastra Hamnenorate Finance AB (FRA:NP8) has a Return-on-Tangible-Asset of -48.63% 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 Vastra Hamnenorate Finance AB and its competitors. According to the industry distribution chart, Vastra Hamnenorate Finance AB ranks #1485 out of 1635 companies in the Asset Management industry, placing it in the top 90.8%.
Is Vastra Hamnenorate Finance AB's Return-on-Tangible-Asset too high?
Vastra Hamnenorate Finance AB's current Return-on-Tangible-Asset is -48.63%. Based on the distribution chart, Vastra Hamnenorate Finance AB ranks #1485 out of 1635 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Vastra Hamnenorate Finance AB has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Vastra Hamnenorate Finance AB's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Vastra Hamnenorate Finance AB ranks #1485 out of 1635 companies for Return-on-Tangible-Asset. This places Vastra Hamnenorate Finance AB in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.23. 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 Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.23, based on 1,635 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. 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 Vastra Hamnenorate Finance AB and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vastra Hamnenorate Finance AB's current Return-on-Tangible-Asset is -48.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vastra Hamnenorate Finance AB stock overvalued right now?
Vastra Hamnenorate Finance AB (FRA:NP8) has a current Return-on-Tangible-Asset of -48.63%. The stock's GF Value™ is €2.83, compared to a current price of €1.14 — trading 59.7% below its estimated fair value. The current Return-on-Tangible-Asset is -48.63%. Vastra Hamnenorate Finance AB's overall GF Score™ is 51/100 with 2 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 Vastra Hamnenorate Finance AB (FRA:NP8), the current Return-on-Tangible-Asset is -48.63% 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 Vastra Hamnenorate Finance AB (FRA:NP8) Overvalued in 2026?

Based on GuruFocus' analysis, Vastra Hamnenorate Finance AB stock appears to be undervalued. The current stock price of €1.14 is trading 59.7% below its estimated GF Value™ of €2.83.

Key valuation signals for FRA:NP8:

  • Return-on-Tangible-Asset: -48.63%
  • GF Value™: €2.83 vs. price of €1.14 (59.7% below fair value)
  • GF Score™: 51/100 with 2 warning signs

No single metric tells the full story. See the FRA:NP8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vastra Hamnenorate Finance AB Business Description

Other Exchanges VH:Sweden
Address Jungmansgatan, Malmo, SWE, 211 11
Vastra Hamnen Corporate Finance AB is an investment firm that assists companies and their owners with advices in connection with corporate transactions in Sweden and Denmark.
51GF Score

Get the complete analysis for FRA:NP8

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.14
Price
€2.83
GF Value