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Teledyne TechnologiesFRA:TYZ -1.53%93 Return-on-Tangible-Asset is 19.73% as of Mar. 2026, which is 1% above its 10-year median of 19.52. GuruFocus rates FRA:TYZ with a GF Score™ of 93/100 and a GF Value™ of €457.56 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,505 Hardware companies, Teledyne Technologies ranks better than 97.13% 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. Teledyne Technologies's annualizedNet Income for the quarter that ended in Mar. 2026 was €785 Mil. Teledyne Technologies's average total tangible assets for the quarter that ended in Mar. 2026 was €3,978 Mil. Therefore, Teledyne Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 19.73%.
The historical rank and industry rank for Teledyne Technologies's Return-on-Tangible-Asset or its related term are showing as below:
FRA:TYZ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 14.25 Med: 19.52 Max: 21.37
Current: 20.76
During the past 13 years, Teledyne Technologies's highest Return-on-Tangible-Asset was 21.37%. The lowest was 14.25%. And the median was 19.52%.
FRA:TYZ's Return-on-Tangible-Asset is ranked better than 97.13% of 2505
companies
in the Hardware industry
Industry Median: 2.43
vs FRA:TYZ: 20.76
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.
Teledyne Technologies Return-on-Tangible-Asset Related Terms
Teledyne Technologies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Teledyne 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:TYZ vs MKSI, FTV, GRMN: Return-on-Tangible-Asset Comparison
For the Scientific & Technical Instruments subindustry, Teledyne 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.
Teledyne Technologies Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Teledyne Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Teledyne 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 19.73% mean?
Teledyne Technologies (FRA:TYZ) has a Return-on-Tangible-Asset of 19.73% 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 Teledyne Technologies and its competitors. This is near median its historical median of 19.52. Over the past decade, Teledyne Technologies' Return-on-Tangible-Asset has ranged from 14.25 to 21.37. According to the industry distribution chart, Teledyne Technologies ranks #72 out of 2505 companies in the Hardware industry, placing it in the top 2.9%.
Is Teledyne Technologies' Return-on-Tangible-Asset too high?
Teledyne Technologies' current Return-on-Tangible-Asset of 19.73% is near median its 10-year median of 19.52. Over the past 10 years, this metric has ranged from a low of 14.25 to a high of 21.37. The Hardware industry median Return-on-Tangible-Asset is 2.43. Teledyne Technologies' value of 19.73% is 711.9% above this industry median. Based on the distribution chart, Teledyne Technologies ranks #72 out of 2505 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Teledyne Technologies has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Teledyne Technologies' Return-on-Tangible-Asset compare to MKSI and FTV?
According to the Hardware industry distribution chart, Teledyne Technologies ranks #72 out of 2505 companies for Return-on-Tangible-Asset. This places Teledyne Technologies in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.43. Teledyne Technologies' value of 19.73% is 711.9% above this benchmark. Historically, Teledyne Technologies' own Return-on-Tangible-Asset has ranged from 14.25 to 21.37 over the past decade. While the company's 10-year median is 19.52 vs. the industry median of 2.43, Teledyne Technologies 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.43, based on 2,505 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. Teledyne Technologies's current Return-on-Tangible-Asset of 19.73% is 711.9% 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 Teledyne Technologies and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Teledyne Technologies's current Return-on-Tangible-Asset is 19.73%, which is near median its own 10-year median of 19.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teledyne Technologies stock overvalued right now?
Based on GuruFocus' analysis, Teledyne Technologies (FRA:TYZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €457.56, compared to a current price of €546.50 — trading 19.4% above its estimated fair value. The current Return-on-Tangible-Asset is 19.73%, which is near median its 10-year median of 19.52 and 711.9% above the Hardware industry median of 2.43. Teledyne Technologies' overall GF Score™ is 93/100 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 Teledyne Technologies (FRA:TYZ), the current Return-on-Tangible-Asset is 19.73% 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 Teledyne Technologies (FRA:TYZ) Overvalued in 2026?
Based on GuruFocus' analysis, Teledyne Technologies stock appears to be overvalued.
The current stock price of €546.50 is trading 19.4% above its estimated GF Value™ of €457.56.
GuruFocus considers Teledyne Technologies to be Modestly Overvalued.
Key valuation signals for FRA:TYZ:
Return-on-Tangible-Asset: 19.73% (near median its 10-year median of 19.52)
GF Value™: €457.56 vs. price of €546.50 (19.4% above fair value)
Industry Position: 711.9% above the Hardware median (#72 of 2505)
No single metric tells the full story. See the FRA:TYZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Teledyne Technologies Inc provides enabling technologies to sense, analyze and distribute information for industrial growth markets that require advanced technology and high reliability. The firm operates in four segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics, and Engineered Systems. The Digital Imaging segment, that derives maximum revenue, includes high-performance sensors, cameras and systems, within the visible, infrared and X-ray spectra for use in industrial, government and medical applications, as well as MEMS and high-performance, high-reliability semiconductors including analog-to-digital and digital-to-analog converters. Geographically, the company operates in United States, Europe, Asia, and All other.
93GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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