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Pro-DexFRA:PDXN +6.31%63 Return-on-Tangible-Asset is 24.38% as of Mar. 2026, which is 63% above its 10-year median of 14.93. GuruFocus rates FRA:PDXN with a GF Score™ of 63/100 and a GF Value™ of €36.21. The stock has 10 warning signs investors should review. Among 854 Medical Devices & Instruments companies, Pro-Dex ranks better than 95.08% 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. Pro-Dex's annualizedNet Income for the quarter that ended in Mar. 2026 was €13.62 Mil. Pro-Dex's average total tangible assets for the quarter that ended in Mar. 2026 was €55.88 Mil. Therefore, Pro-Dex's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 24.38%.
The historical rank and industry rank for Pro-Dex's Return-on-Tangible-Asset or its related term are showing as below:
FRA:PDXN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.08 Med: 14.93 Max: 37.96
Current: 18.77
During the past 13 years, Pro-Dex's highest Return-on-Tangible-Asset was 37.96%. The lowest was 4.08%. And the median was 14.93%.
FRA:PDXN's Return-on-Tangible-Asset is ranked better than 95.08% of 854
companies
in the Medical Devices & Instruments industry
Industry Median: 0.59
vs FRA:PDXN: 18.77
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.
Pro-Dex Return-on-Tangible-Asset Related Terms
Pro-Dex Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pro-Dex'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:PDXN vs KRMD, EMBC, UTMD: Return-on-Tangible-Asset Comparison
For the Medical Instruments & Supplies subindustry, Pro-Dex'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.
Pro-Dex Return-on-Tangible-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Pro-Dex's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pro-Dex'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 24.38% mean?
Pro-Dex (FRA:PDXN) has a Return-on-Tangible-Asset of 24.38% 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 Pro-Dex and its competitors. This is 63% above median its historical median of 14.93. Over the past decade, Pro-Dex's Return-on-Tangible-Asset has ranged from 4.08 to 37.96. According to the industry distribution chart, Pro-Dex ranks #42 out of 854 companies in the Medical Devices & Instruments industry, placing it in the top 4.9%.
Is Pro-Dex's Return-on-Tangible-Asset too high?
Pro-Dex's current Return-on-Tangible-Asset of 24.38% is 63% above median its 10-year median of 14.93. Over the past 10 years, this metric has ranged from a low of 4.08 to a high of 37.96. The Medical Devices & Instruments industry median Return-on-Tangible-Asset is 0.59. Pro-Dex's value of 24.38% is 4032.2% above this industry median. Based on the distribution chart, Pro-Dex ranks #42 out of 854 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Pro-Dex has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Pro-Dex's Return-on-Tangible-Asset compare to KRMD and EMBC?
According to the Medical Devices & Instruments industry distribution chart, Pro-Dex ranks #42 out of 854 companies for Return-on-Tangible-Asset. This places Pro-Dex in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.59. Pro-Dex's value of 24.38% is 4032.2% above this benchmark. Historically, Pro-Dex's own Return-on-Tangible-Asset has ranged from 4.08 to 37.96 over the past decade. While the company's 10-year median is 14.93 vs. the industry median of 0.59, Pro-Dex 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Asset among Medical Devices & Instruments companies is 0.59, based on 854 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. Pro-Dex's current Return-on-Tangible-Asset of 24.38% is 4032.2% 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 Pro-Dex and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Asset is 0.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pro-Dex's current Return-on-Tangible-Asset is 24.38%, which is 63% above median its own 10-year median of 14.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pro-Dex stock overvalued right now?
Pro-Dex (FRA:PDXN) has a current Return-on-Tangible-Asset of 24.38%. The stock's GF Value™ is €36.21, compared to a current price of €59.00 — trading 62.9% above its estimated fair value. The current Return-on-Tangible-Asset is 24.38%, which is 63% above median its 10-year median of 14.93 and 4032.2% above the Medical Devices & Instruments industry median of 0.59. Pro-Dex's overall GF Score™ is 63/100 with 10 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 Pro-Dex (FRA:PDXN), the current Return-on-Tangible-Asset is 24.38% 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 Pro-Dex (FRA:PDXN) Overvalued in 2026?
Based on GuruFocus' analysis, Pro-Dex stock appears to be overvalued.
The current stock price of €59.00 is trading 62.9% above its estimated GF Value™ of €36.21.
Key valuation signals for FRA:PDXN:
Return-on-Tangible-Asset: 24.38% (63% above median its 10-year median of 14.93)
GF Value™: €36.21 vs. price of €59.00 (62.9% above fair value)
Industry Position: 4032.2% above the Medical Devices & Instruments median (#42 of 854)
No single metric tells the full story. See the FRA:PDXN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pro-Dex Inc designs, develops, manufactures, and sells powered surgical instruments for medical device original equipment manufacturers (OEMs) to various countries. Its product portfolio includes autoclavable, battery-powered, electric, and multi-function surgical drivers and shavers used mainly in orthopedic, thoracic, and craniomaxillofacial markets. The company also provides engineering, quality, regulatory consulting services, and manufactures rotary air motors utilized in various industries. Operating out of ISO-certified facilities in California, Pro-Dex serves hospitals, medical labs, and high-tech manufacturers, generating revenue through sales of surgical instruments and related services.
63GF Score
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