Protector Forsikring ASAFRA:PR4 -3.98%74 Return-on-Tangible-Asset is 10.29% as of Jun. 2026, which is 57% above its 10-year median of 6.56. GuruFocus rates FRA:PR4 with a GF Score™ of 74/100 and a GF Value™ of €33.04 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 509 Insurance companies, Protector Forsikring ASA ranks better than 84.09% 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. Protector Forsikring ASA's annualizedNet Income for the quarter that ended in Jun. 2026 was €268 Mil. Protector Forsikring ASA's average total tangible assets for the quarter that ended in Jun. 2026 was €2,609 Mil. Therefore, Protector Forsikring ASA's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 10.29%.
The historical rank and industry rank for Protector Forsikring ASA's Return-on-Tangible-Asset or its related term are showing as below:
FRA:PR4'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.36 Med: 6.56 Max: 9.99
Current: 7.1
During the past 13 years, Protector Forsikring ASA's highest Return-on-Tangible-Asset was 9.99%. The lowest was -2.36%. And the median was 6.56%.
FRA:PR4's Return-on-Tangible-Asset is ranked better than 84.09% of 509
companies
in the Insurance industry
Industry Median: 2.74
vs FRA:PR4: 7.10
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.
Protector Forsikring ASA Return-on-Tangible-Asset Related Terms
Protector Forsikring ASA Return-on-Tangible-Asset Historical Data
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The historical data trend for Protector Forsikring ASA'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:PR4 vs FNF, AXS, FAF: Return-on-Tangible-Asset Comparison
For the Insurance - Specialty subindustry, Protector Forsikring ASA'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.
Protector Forsikring ASA Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Protector Forsikring ASA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Protector Forsikring ASA'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 10.29% mean?
Protector Forsikring ASA (FRA:PR4) has a Return-on-Tangible-Asset of 10.29% 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 Protector Forsikring ASA and its competitors. This is 57% above median its historical median of 6.56. According to the industry distribution chart, Protector Forsikring ASA ranks #81 out of 509 companies in the Insurance industry, placing it in the top 15.9%.
Is Protector Forsikring ASA's Return-on-Tangible-Asset too high?
Protector Forsikring ASA's current Return-on-Tangible-Asset of 10.29% is 57% above median its 10-year median of 6.56. The Insurance industry median Return-on-Tangible-Asset is 2.74. Protector Forsikring ASA's value of 10.29% is 275.5% above this industry median. Based on the distribution chart, Protector Forsikring ASA ranks #81 out of 509 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Protector Forsikring ASA has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Protector Forsikring ASA's Return-on-Tangible-Asset compare to FNF and AXS?
According to the Insurance industry distribution chart, Protector Forsikring ASA ranks #81 out of 509 companies for Return-on-Tangible-Asset. This places Protector Forsikring ASA in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.74. Protector Forsikring ASA's value of 10.29% is 275.5% above this benchmark. While the company's 10-year median is 6.56 vs. the industry median of 2.74, Protector Forsikring ASA 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 Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.74, based on 509 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. Protector Forsikring ASA's current Return-on-Tangible-Asset of 10.29% is 275.5% 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 Protector Forsikring ASA and its competitors. For the Insurance 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. Protector Forsikring ASA's current Return-on-Tangible-Asset is 10.29%, which is 57% above median its own 10-year median of 6.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Protector Forsikring ASA stock overvalued right now?
Based on GuruFocus' analysis, Protector Forsikring ASA (FRA:PR4) is currently considered Significantly Overvalued. The stock's GF Value™ is €33.04, compared to a current price of €44.34 — trading 34.2% above its estimated fair value. The current Return-on-Tangible-Asset is 10.29%, which is 57% above median its 10-year median of 6.56 and 275.5% above the Insurance industry median of 2.74. Protector Forsikring ASA's overall GF Score™ is 74/100 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 Protector Forsikring ASA (FRA:PR4), the current Return-on-Tangible-Asset is 10.29% 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 Protector Forsikring ASA (FRA:PR4) Overvalued in 2026?
Based on GuruFocus' analysis, Protector Forsikring ASA stock appears to be overvalued.
The current stock price of €44.34 is trading 34.2% above its estimated GF Value™ of €33.04.
GuruFocus considers Protector Forsikring ASA to be Significantly Overvalued.
Key valuation signals for FRA:PR4:
Return-on-Tangible-Asset: 10.29% (57% above median its 10-year median of 6.56)
GF Value™: €33.04 vs. price of €44.34 (34.2% above fair value)
Industry Position: 275.5% above the Insurance median (#81 of 509)
No single metric tells the full story. See the FRA:PR4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Protector Forsikring ASA developer of a general P&C and employee benefits insurance provider designed to deliver cost and quality leadership in the insurance industry. The company offers standardized insurance products, all core systems insourced and developed in-house, enabling brokers and businesses across multiple countries to access competitive pricing and a value-based performance culture.
74GF Score
Get the complete analysis for FRA:PR4
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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