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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. Bonheur ASA's annualizedNet Income for the quarter that ended in Jun. 2026 was €109 Mil. Bonheur ASA's average total tangible assets for the quarter that ended in Jun. 2026 was €2,260 Mil. Therefore, Bonheur ASA's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 4.84%.
The historical rank and industry rank for Bonheur ASA's Return-on-Tangible-Asset or its related term are showing as below:
FRA:V7P'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.52 Med: -0.97 Max: 5.89
Current: 3.96
During the past 13 years, Bonheur ASA's highest Return-on-Tangible-Asset was 5.89%. The lowest was -6.52%. And the median was -0.97%.
FRA:V7P's Return-on-Tangible-Asset is ranked better than 62.15% of 568
companies
in the Conglomerates industry
Industry Median: 2.68
vs FRA:V7P: 3.96
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.
Bonheur ASA Return-on-Tangible-Asset Related Terms
Bonheur ASA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Bonheur 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:V7P vs MMM, HON: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Bonheur 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.
Bonheur ASA Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Bonheur ASA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bonheur 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.84% mean?
Bonheur ASA (FRA:V7P) has a Return-on-Tangible-Asset of 4.84% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Bonheur ASA and its competitors. According to the industry distribution chart, Bonheur ASA ranks #215 out of 568 companies in the Conglomerates industry, placing it in the top 37.9%.
Is Bonheur ASA's Return-on-Tangible-Asset too high?
Bonheur ASA's current Return-on-Tangible-Asset is 4.84%. The Conglomerates industry median Return-on-Tangible-Asset is 2.68. Bonheur ASA's value of 4.84% is 80.6% above this industry median. Based on the distribution chart, Bonheur ASA ranks #215 out of 568 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Bonheur ASA has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bonheur ASA's Return-on-Tangible-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, Bonheur ASA ranks #215 out of 568 companies for Return-on-Tangible-Asset. This puts Bonheur ASA in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.68. Bonheur ASA's value of 4.84% is 80.6% 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.68, 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. Bonheur ASA's current Return-on-Tangible-Asset of 4.84% is 80.6% 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 Bonheur ASA and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bonheur ASA's current Return-on-Tangible-Asset is 4.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bonheur ASA stock overvalued right now?
Based on GuruFocus' analysis, Bonheur ASA (FRA:V7P) is currently considered Fairly Valued. The stock's GF Value™ is €19.84, compared to a current price of €20.20 — trading 1.8% above its estimated fair value. The current Return-on-Tangible-Asset is 4.84% and 80.6% above the Conglomerates industry median of 2.68. Bonheur ASA's overall GF Score™ is 79/100 with 3 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 Bonheur ASA (FRA:V7P), the current Return-on-Tangible-Asset is 4.84% as of Jun. 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 Bonheur ASA (FRA:V7P) Overvalued in 2026?
Based on GuruFocus' analysis, Bonheur ASA stock appears to be overvalued.
The current stock price of €20.20 is trading 1.8% above its estimated GF Value™ of €19.84.
GuruFocus considers Bonheur ASA to be Fairly Valued.
Key valuation signals for FRA:V7P:
Return-on-Tangible-Asset: 4.84%
GF Value™: €19.84 vs. price of €20.20 (1.8% above fair value)
Industry Position: 80.6% above the Conglomerates median (#215 of 568)
No single metric tells the full story. See the FRA:V7P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bonheur ASA was initially a Norwegian shipping company. Currently, the company is engaged in several businesses. The company provides services through four segments: Other Investments, Renewable Energy, Cruise, and Wind Services. The renewable energy segment is involved in developing, constructing, and operating wind farms in Scotland, Norway, Sweden, Ireland, Italy, and the USA. The wind Service segment is engaged in logistics and services within the offshore wind industry. Cruise owns and operates four cruise ships and provides a diverse range of cruises, The other investments segment has investments within media, real estate, bonds, and shares.
79GF Score
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