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Snap-onFRA:SPU -0.17%91 Return-on-Tangible-Asset is 14.02% as of Mar. 2026, which is 11% below its 10-year median of 15.73. GuruFocus rates FRA:SPU with a GF Score™ of 91/100 and a GF Value™ of €271.68 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 3,073 Industrial Products companies, Snap-on ranks better than 93.82% 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. Snap-on's annualizedNet Income for the quarter that ended in Mar. 2026 was €855 Mil. Snap-on's average total tangible assets for the quarter that ended in Mar. 2026 was €6,094 Mil. Therefore, Snap-on's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.02%.
The historical rank and industry rank for Snap-on's Return-on-Tangible-Asset or its related term are showing as below:
FRA:SPU'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 12.73 Med: 15.73 Max: 17.09
Current: 14.75
During the past 13 years, Snap-on's highest Return-on-Tangible-Asset was 17.09%. The lowest was 12.73%. And the median was 15.73%.
FRA:SPU's Return-on-Tangible-Asset is ranked better than 93.82% of 3073
companies
in the Industrial Products industry
Industry Median: 3.26
vs FRA:SPU: 14.75
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.
Snap-on Return-on-Tangible-Asset Related Terms
Snap-on Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Snap-on'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:SPU vs RBC, LECO, SWK: Return-on-Tangible-Asset Comparison
For the Tools & Accessories subindustry, Snap-on'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.
Snap-on Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Snap-on's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Snap-on'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 14.02% mean?
Snap-on (FRA:SPU) has a Return-on-Tangible-Asset of 14.02% 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 Snap-on and its competitors. This is 11% below median its historical median of 15.73. Over the past decade, Snap-on's Return-on-Tangible-Asset has ranged from 12.73 to 17.09. According to the industry distribution chart, Snap-on ranks #190 out of 3073 companies in the Industrial Products industry, placing it in the top 6.2%.
Is Snap-on's Return-on-Tangible-Asset too high?
Snap-on's current Return-on-Tangible-Asset of 14.02% is 11% below median its 10-year median of 15.73. Over the past 10 years, this metric has ranged from a low of 12.73 to a high of 17.09. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Snap-on's value of 14.02% is 330.1% above this industry median. Based on the distribution chart, Snap-on ranks #190 out of 3073 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Snap-on has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Snap-on's Return-on-Tangible-Asset compare to RBC and LECO?
According to the Industrial Products industry distribution chart, Snap-on ranks #190 out of 3073 companies for Return-on-Tangible-Asset. This places Snap-on in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. Snap-on's value of 14.02% is 330.1% above this benchmark. Historically, Snap-on's own Return-on-Tangible-Asset has ranged from 12.73 to 17.09 over the past decade. While the company's 10-year median is 15.73 vs. the industry median of 3.26, Snap-on 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,073 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. Snap-on's current Return-on-Tangible-Asset of 14.02% is 330.1% 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 Snap-on and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Snap-on's current Return-on-Tangible-Asset is 14.02%, which is 11% below median its own 10-year median of 15.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snap-on stock overvalued right now?
Based on GuruFocus' analysis, Snap-on (FRA:SPU) is currently considered Significantly Overvalued. The stock's GF Value™ is €271.68, compared to a current price of €359.80 — trading 32.4% above its estimated fair value. The current Return-on-Tangible-Asset is 14.02%, which is 11% below median its 10-year median of 15.73 and 330.1% above the Industrial Products industry median of 3.26. Snap-on's overall GF Score™ is 91/100 with 5 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 Snap-on (FRA:SPU), the current Return-on-Tangible-Asset is 14.02% 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 Snap-on (FRA:SPU) Overvalued in 2026?
Based on GuruFocus' analysis, Snap-on stock appears to be overvalued.
The current stock price of €359.80 is trading 32.4% above its estimated GF Value™ of €271.68.
GuruFocus considers Snap-on to be Significantly Overvalued.
Key valuation signals for FRA:SPU:
Return-on-Tangible-Asset: 14.02% (11% below median its 10-year median of 15.73)
GF Value™: €271.68 vs. price of €359.80 (32.4% above fair value)
Industry Position: 330.1% above the Industrial Products median (#190 of 3073)
No single metric tells the full story. See the FRA:SPU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Snap-on is a manufacturer of premium tools, equipment, and diagnostics for professional technicians, primarily involved in the repair of passenger cars but having expanded into other industrial applications. The company's legacy business is selling hand tools through franchisee-operated mobile vans to technicians who purchase the tools at their own expense. The company also operates a commercial and industrial business that is focused on repair facilities serving other industries. The third segment, repair systems and information, targets auto OEMs and large dealerships more directly and also offers substantial diagnostic solutions to aid repairs. The company's finance arm provides financing to franchisees to run their operations, as well as underwriting end customer purchases.
91GF Score
Get the complete analysis for FRA:SPU
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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