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Shelly Group SEFRA:SLYG -5.23%96 Return-on-Tangible-Asset is 23.99% as of Mar. 2026, which is 3% below its 10-year median of 24.76. GuruFocus rates FRA:SLYG with a GF Score™ of 96/100 and a GF Value™ of €67.75 (Fairly Valued). The stock has 4 warning signs investors should review. Among 568 Conglomerates companies, Shelly Group SE ranks better than 97.54% 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. Shelly Group SE's annualizedNet Income for the quarter that ended in Mar. 2026 was €29.8 Mil. Shelly Group SE's average total tangible assets for the quarter that ended in Mar. 2026 was €124.4 Mil. Therefore, Shelly Group SE's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 23.99%.
The historical rank and industry rank for Shelly Group SE's Return-on-Tangible-Asset or its related term are showing as below:
FRA:SLYG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 12.13 Med: 24.76 Max: 33.48
Current: 25.29
During the past 9 years, Shelly Group SE's highest Return-on-Tangible-Asset was 33.48%. The lowest was 12.13%. And the median was 24.76%.
FRA:SLYG's Return-on-Tangible-Asset is ranked better than 97.54% of 568
companies
in the Conglomerates industry
Industry Median: 2.735
vs FRA:SLYG: 25.29
Shelly Group SE (FRA:SLYG) 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.
Shelly Group SE Return-on-Tangible-Asset Related Terms
Shelly Group SE Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Shelly Group SE'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:SLYG vs MMM, HON: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Shelly Group SE'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.
Shelly Group SE Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Shelly Group SE's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shelly Group SE'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 23.99% mean?
Shelly Group SE (FRA:SLYG) has a Return-on-Tangible-Asset of 23.99% 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 Shelly Group SE and its competitors. This is near median its historical median of 24.76. Over the past decade, Shelly Group SE's Return-on-Tangible-Asset has ranged from 12.13 to 33.48. According to the industry distribution chart, Shelly Group SE ranks #14 out of 568 companies in the Conglomerates industry, placing it in the top 2.5%.
Is Shelly Group SE's Return-on-Tangible-Asset too high?
Shelly Group SE's current Return-on-Tangible-Asset of 23.99% is near median its 10-year median of 24.76. Over the past 10 years, this metric has ranged from a low of 12.13 to a high of 33.48. The Conglomerates industry median Return-on-Tangible-Asset is 2.74. Shelly Group SE's value of 23.99% is 777.1% above this industry median. Based on the distribution chart, Shelly Group SE ranks #14 out of 568 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Shelly Group SE has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shelly Group SE's Return-on-Tangible-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, Shelly Group SE ranks #14 out of 568 companies for Return-on-Tangible-Asset. This places Shelly Group SE in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.74. Shelly Group SE's value of 23.99% is 777.1% above this benchmark. Historically, Shelly Group SE's own Return-on-Tangible-Asset has ranged from 12.13 to 33.48 over the past decade. While the company's 10-year median is 24.76 vs. the industry median of 2.74, Shelly Group SE 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.74, based on 568 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. Shelly Group SE's current Return-on-Tangible-Asset of 23.99% is 777.1% 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 Shelly Group SE and its competitors. For the Conglomerates 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. Shelly Group SE's current Return-on-Tangible-Asset is 23.99%, which is near median its own 10-year median of 24.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shelly Group SE stock overvalued right now?
Based on GuruFocus' analysis, Shelly Group SE (FRA:SLYG) is currently considered Fairly Valued. The stock's GF Value™ is €67.75, compared to a current price of €61.60 — trading 9.1% below its estimated fair value. The current Return-on-Tangible-Asset is 23.99%, which is near median its 10-year median of 24.76 and 777.1% above the Conglomerates industry median of 2.74. Shelly Group SE's overall GF Score™ is 96/100 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 Shelly Group SE (FRA:SLYG), the current Return-on-Tangible-Asset is 23.99% 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 Shelly Group SE (FRA:SLYG) Overvalued in 2026?
Based on GuruFocus' analysis, Shelly Group SE stock appears to be undervalued.
The current stock price of €61.60 is trading 9.1% below its estimated GF Value™ of €67.75.
GuruFocus considers Shelly Group SE to be Fairly Valued.
Key valuation signals for FRA:SLYG:
Return-on-Tangible-Asset: 23.99% (near median its 10-year median of 24.76)
GF Value™: €67.75 vs. price of €61.60 (9.1% below fair value)
Industry Position: 777.1% above the Conglomerates median (#14 of 568)
No single metric tells the full story. See the FRA:SLYG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shelly Group SE is engaged in the acquisition, management, evaluation, and sale of participations in Bulgarian & foreign companies; acquisition, management, and sale of bonds; acquisition, evaluation, sale, and patents. The company delivers innovation through designing, producing, and distributing high-quality IoT products. The group manages the business with electronic devices as one operating segment. It derives the majority of its revenue from the sale of smart devices.
96GF Score
Get the complete analysis for FRA:SLYG
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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