Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Volati ABFRA:VOG +1.49%79 Return-on-Tangible-Asset is 2.78% as of Mar. 2026, which is 76% below its 10-year median of 11.61. GuruFocus rates FRA:VOG with a GF Score™ of 79/100 and a GF Value™ of €2.82 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 570 Conglomerates companies, Volati AB ranks better than 77.37% 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. Volati AB's annualizedNet Income for the quarter that ended in Mar. 2026 was €15.2 Mil. Volati AB's average total tangible assets for the quarter that ended in Mar. 2026 was €547.8 Mil. Therefore, Volati AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.78%.
The historical rank and industry rank for Volati AB's Return-on-Tangible-Asset or its related term are showing as below:
FRA:VOG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.57 Med: 11.61 Max: 26.15
Current: 6.16
During the past 13 years, Volati AB's highest Return-on-Tangible-Asset was 26.15%. The lowest was 2.57%. And the median was 11.61%.
FRA:VOG's Return-on-Tangible-Asset is ranked better than 77.37% of 570
companies
in the Conglomerates industry
Industry Median: 2.735
vs FRA:VOG: 6.16
Volati AB (FRA:VOG) 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.
Volati AB Return-on-Tangible-Asset Related Terms
Volati AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Volati AB'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:VOG vs HON, MMM: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Volati AB'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.
Volati AB Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Volati AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Volati AB'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 2.78% mean?
Volati AB (FRA:VOG) has a Return-on-Tangible-Asset of 2.78% 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 Volati AB and its competitors. This is 76% below median its historical median of 11.61. Over the past decade, Volati AB's Return-on-Tangible-Asset has ranged from 2.57 to 26.15. According to the industry distribution chart, Volati AB ranks #129 out of 570 companies in the Conglomerates industry, placing it in the top 22.6%.
Is Volati AB's Return-on-Tangible-Asset too high?
Volati AB's current Return-on-Tangible-Asset of 2.78% is 76% below median its 10-year median of 11.61. Over the past 10 years, this metric has ranged from a low of 2.57 to a high of 26.15. The Conglomerates industry median Return-on-Tangible-Asset is 2.74. Volati AB's value of 2.78% is 1.6% above this industry median. Based on the distribution chart, Volati AB ranks #129 out of 570 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Volati AB has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Volati AB's Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, Volati AB ranks #129 out of 570 companies for Return-on-Tangible-Asset. This places Volati AB in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.74. Volati AB's value of 2.78% is 1.6% above this benchmark. Historically, Volati AB's own Return-on-Tangible-Asset has ranged from 2.57 to 26.15 over the past decade. While the company's 10-year median is 11.61 vs. the industry median of 2.74, Volati AB 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 570 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. Volati AB's current Return-on-Tangible-Asset of 2.78% is 1.6% 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 Volati AB 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. Volati AB's current Return-on-Tangible-Asset is 2.78%, which is 76% below median its own 10-year median of 11.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Volati AB stock overvalued right now?
Based on GuruFocus' analysis, Volati AB (FRA:VOG) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.82, compared to a current price of €2.05 — trading 27.5% below its estimated fair value. The current Return-on-Tangible-Asset is 2.78%, which is 76% below median its 10-year median of 11.61 and 1.6% above the Conglomerates industry median of 2.74. Volati AB's overall GF Score™ is 79/100 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 Volati AB (FRA:VOG), the current Return-on-Tangible-Asset is 2.78% 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 Volati AB (FRA:VOG) Overvalued in 2026?
Based on GuruFocus' analysis, Volati AB stock appears to be undervalued.
The current stock price of €2.05 is trading 27.5% below its estimated GF Value™ of €2.82.
GuruFocus considers Volati AB to be Modestly Undervalued.
Key valuation signals for FRA:VOG:
Return-on-Tangible-Asset: 2.78% (76% below median its 10-year median of 11.61)
GF Value™: €2.82 vs. price of €2.05 (27.5% below fair value)
Industry Position: 1.6% above the Conglomerates median (#129 of 570)
No single metric tells the full story. See the FRA:VOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Volati AB is a Swedish industrial company acquiring companies at reasonable valuations and developing those with a focus on long-term value creation. Its business model is based on reinvesting the cash flow generated in the Group's companies in new acquisitions and developing its existing operations. The company consists of the business areas including Ettiketto Group, Communication, Corroventa, S:t Eriks Group and Tornum Group.
79GF Score
Get the complete analysis for FRA:VOG
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:VOG has been successfully added to your 
