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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. DeFi Technologies's annualizedNet Income for the quarter that ended in Mar. 2026 was €17.06 Mil. DeFi Technologies's average total tangible assets for the quarter that ended in Mar. 2026 was €596.05 Mil. Therefore, DeFi Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.86%.
The historical rank and industry rank for DeFi Technologies's Return-on-Tangible-Asset or its related term are showing as below:
FRA:R9B'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -143.89 Med: -5.19 Max: 52.93
Current: 4.56
During the past 13 years, DeFi Technologies's highest Return-on-Tangible-Asset was 52.93%. The lowest was -143.89%. And the median was -5.19%.
FRA:R9B's Return-on-Tangible-Asset is ranked better than 71.36% of 817
companies
in the Capital Markets industry
Industry Median: 1.54
vs FRA:R9B: 4.56
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.
DeFi Technologies Return-on-Tangible-Asset Related Terms
DeFi Technologies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for DeFi Technologies'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:R9B vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, DeFi Technologies'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.
DeFi Technologies Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, DeFi Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where DeFi Technologies'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 2.86% mean?
DeFi Technologies (FRA:R9B) has a Return-on-Tangible-Asset of 2.86% 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 DeFi Technologies and its competitors. According to the industry distribution chart, DeFi Technologies ranks #234 out of 817 companies in the Capital Markets industry, placing it in the top 28.6%.
Is DeFi Technologies' Return-on-Tangible-Asset too high?
DeFi Technologies' current Return-on-Tangible-Asset is 2.86%. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. DeFi Technologies' value of 2.86% is 85.7% above this industry median. Based on the distribution chart, DeFi Technologies ranks #234 out of 817 companies in the Capital Markets industry, which is above the industry midpoint. Overall, DeFi Technologies has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DeFi Technologies' Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, DeFi Technologies ranks #234 out of 817 companies for Return-on-Tangible-Asset. This puts DeFi Technologies in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.54. DeFi Technologies' value of 2.86% is 85.7% above this benchmark. 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 817 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. DeFi Technologies's current Return-on-Tangible-Asset of 2.86% is 85.7% 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 DeFi Technologies and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DeFi Technologies's current Return-on-Tangible-Asset is 2.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DeFi Technologies stock overvalued right now?
Based on GuruFocus' analysis, DeFi Technologies (FRA:R9B) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.45, compared to a current price of €0.38 — trading 16% below its estimated fair value. The current Return-on-Tangible-Asset is 2.86% and 85.7% above the Capital Markets industry median of 1.54. DeFi Technologies' overall GF Score™ is 49/100 with 9 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 DeFi Technologies (FRA:R9B), the current Return-on-Tangible-Asset is 2.86% 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 DeFi Technologies (FRA:R9B) Overvalued in 2026?
Based on GuruFocus' analysis, DeFi Technologies stock appears to be undervalued.
The current stock price of €0.38 is trading 16% below its estimated GF Value™ of €0.45.
GuruFocus considers DeFi Technologies to be Modestly Undervalued.
Key valuation signals for FRA:R9B:
Return-on-Tangible-Asset: 2.86%
GF Value™: €0.45 vs. price of €0.38 (16% below fair value)
Industry Position: 85.7% above the Capital Markets median (#234 of 817)
No single metric tells the full story. See the FRA:R9B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DeFi Technologies Inc is a Canadian technology company bridging the gap between traditional capital markets and decentralized finance. The Company generates revenues through the issuance of exchange-traded products that synthetically track the value of a single DeFi protocol, investments in various companies and protocols across the decentralized finance ecosystem to build a diversified portfolio of decentralized finance assets, providing premium membership for research reports to investors and offering node management of decentralized protocols to support governance, security and transaction validation.
49GF Score
Get the complete analysis for FRA:R9B
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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