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North Energy ASAFRA:RN2 -2.54%49 Return-on-Tangible-Asset is -29.97% as of Mar. 2026. GuruFocus rates FRA:RN2 with a GF Score™ of 49/100 and a GF Value™ of €0.64 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,633 Asset Management companies, North Energy ASA ranks worse than 89.96% 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. North Energy ASA's annualizedNet Income for the quarter that ended in Mar. 2026 was €-10.06 Mil. North Energy ASA's average total tangible assets for the quarter that ended in Mar. 2026 was €33.57 Mil. Therefore, North Energy ASA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -29.97%.
The historical rank and industry rank for North Energy ASA's Return-on-Tangible-Asset or its related term are showing as below:
FRA:RN2'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.66 Med: 0.4 Max: 33.3
Current: -14.66
During the past 13 years, North Energy ASA's highest Return-on-Tangible-Asset was 33.30%. The lowest was -14.66%. And the median was 0.40%.
FRA:RN2's Return-on-Tangible-Asset is ranked worse than 89.96% of 1633
companies
in the Asset Management industry
Industry Median: 4.24
vs FRA:RN2: -14.66
North Energy ASA (FRA:RN2) 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 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.
North Energy ASA Return-on-Tangible-Asset Related Terms
North Energy ASA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for North Energy 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:RN2 vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, North Energy 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.
North Energy ASA Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, North Energy ASA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where North Energy 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -29.97% mean?
North Energy ASA (FRA:RN2) has a Return-on-Tangible-Asset of -29.97% 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 North Energy ASA and its competitors. According to the industry distribution chart, North Energy ASA ranks #1469 out of 1633 companies in the Asset Management industry, placing it in the top 90%.
Is North Energy ASA's Return-on-Tangible-Asset too high?
North Energy ASA's current Return-on-Tangible-Asset is -29.97%. Based on the distribution chart, North Energy ASA ranks #1469 out of 1633 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, North Energy ASA has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does North Energy ASA's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, North Energy ASA ranks #1469 out of 1633 companies for Return-on-Tangible-Asset. This places North Energy ASA in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.24. 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 4.24, based on 1,633 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 North Energy ASA and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North Energy ASA's current Return-on-Tangible-Asset is -29.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Energy ASA stock overvalued right now?
Based on GuruFocus' analysis, North Energy ASA (FRA:RN2) is currently considered Possible Value Trap. The stock's GF Value™ is €0.64, compared to a current price of €0.19 — trading 70% below its estimated fair value. The current Return-on-Tangible-Asset is -29.97%. North Energy ASA's overall GF Score™ is 49/100 with 4 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 North Energy ASA (FRA:RN2), the current Return-on-Tangible-Asset is -29.97% 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 North Energy ASA (FRA:RN2) Overvalued in 2026?
Based on GuruFocus' analysis, North Energy ASA stock appears to be undervalued.
The current stock price of €0.19 is trading 70% below its estimated GF Value™ of €0.64.
GuruFocus considers North Energy ASA to be Possible Value Trap.
Key valuation signals for FRA:RN2:
Return-on-Tangible-Asset: -29.97%
GF Value™: €0.64 vs. price of €0.19 (70% below fair value)
No single metric tells the full story. See the FRA:RN2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
North Energy ASA is an industrial holding company with a portfolio of independent investments, both listed and unlisted. The Group reports only one business segment, the investment activities. The Company evaluates companies both within the traditional energy industry, as well as emerging sectors such as renewable energy production and related activities.
49GF Score
Get the complete analysis for FRA:RN2
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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