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.
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.
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. Seanergy Maritime Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was €32.9 Mil. Seanergy Maritime Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was €535.8 Mil. Therefore, Seanergy Maritime Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.13%.
The historical rank and industry rank for Seanergy Maritime Holdings's Return-on-Tangible-Asset or its related term are showing as below:
FRA:RHS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.55 Med: -0.38 Max: 10.57
Current: 6.19
During the past 13 years, Seanergy Maritime Holdings's highest Return-on-Tangible-Asset was 10.57%. The lowest was -10.55%. And the median was -0.38%.
FRA:RHS's Return-on-Tangible-Asset is ranked better than 69.31% of 1010
companies
in the Transportation industry
Industry Median: 3.775
vs FRA:RHS: 6.19
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.
Seanergy Maritime Holdings Return-on-Tangible-Asset Related Terms
Seanergy Maritime Holdings Return-on-Tangible-Asset Historical Data
* 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:RHS vs GASS, DSX, SMHI: Return-on-Tangible-Asset Comparison
For the Marine Shipping subindustry, Seanergy Maritime Holdings'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.
Seanergy Maritime Holdings Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Seanergy Maritime Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Seanergy Maritime Holdings'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 6.13% mean?
Seanergy Maritime Holdings (FRA:RHS) has a Return-on-Tangible-Asset of 6.13% 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 Seanergy Maritime Holdings and its competitors. According to the industry distribution chart, Seanergy Maritime Holdings ranks #310 out of 1010 companies in the Transportation industry, placing it in the top 30.7%.
Is Seanergy Maritime Holdings' Return-on-Tangible-Asset too high?
Seanergy Maritime Holdings' current Return-on-Tangible-Asset is 6.13%. The Transportation industry median Return-on-Tangible-Asset is 3.78. Seanergy Maritime Holdings' value of 6.13% is 62.4% above this industry median. Based on the distribution chart, Seanergy Maritime Holdings ranks #310 out of 1010 companies in the Transportation industry, which is above the industry midpoint. Overall, Seanergy Maritime Holdings has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seanergy Maritime Holdings' Return-on-Tangible-Asset compare to GASS and DSX?
According to the Transportation industry distribution chart, Seanergy Maritime Holdings ranks #310 out of 1010 companies for Return-on-Tangible-Asset. This puts Seanergy Maritime Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.78. Seanergy Maritime Holdings' value of 6.13% is 62.4% 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.78, based on 1,010 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. Seanergy Maritime Holdings's current Return-on-Tangible-Asset of 6.13% is 62.4% 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 Seanergy Maritime Holdings and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seanergy Maritime Holdings's current Return-on-Tangible-Asset is 6.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seanergy Maritime Holdings stock overvalued right now?
Based on GuruFocus' analysis, Seanergy Maritime Holdings (FRA:RHS) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.65, compared to a current price of €12.70 — trading 31.6% above its estimated fair value. The current Return-on-Tangible-Asset is 6.13% and 62.4% above the Transportation industry median of 3.78. Seanergy Maritime Holdings' 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 Seanergy Maritime Holdings (FRA:RHS), the current Return-on-Tangible-Asset is 6.13% 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 Seanergy Maritime Holdings (FRA:RHS) Overvalued in 2026?
Based on GuruFocus' analysis, Seanergy Maritime Holdings stock appears to be overvalued.
The current stock price of €12.70 is trading 31.6% above its estimated GF Value™ of €9.65.
GuruFocus considers Seanergy Maritime Holdings to be Significantly Overvalued.
Key valuation signals for FRA:RHS:
Return-on-Tangible-Asset: 6.13%
GF Value™: €9.65 vs. price of €12.70 (31.6% above fair value)
Industry Position: 62.4% above the Transportation median (#310 of 1010)
No single metric tells the full story. See the FRA:RHS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Seanergy Maritime Holdings Corp is an international shipping company that provides marine dry bulk transportation services through a modern fleet of Capesize vessels. It generates a majority of its revenue from the vessels. The company's fleet of vessels includes Blueship, Meiship, Kaizenship, Iconship, Titanship, Flagship, Paroship, Worldship, Hellasship, Partnership, Championship, Patriotship, Dukeship, Honorship, Fellowship, Knightship, Lordship, Premiership, Squireship, and Friendship.
74GF Score
Get the complete analysis for FRA:RHS
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:RHS has been successfully added to your 
