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Kaleon SPAFRA:W4U +0.26%28 Return-on-Tangible-Asset is 3.16% as of Dec. 2025, which is 75% below its 10-year median of 12.60. GuruFocus rates FRA:W4U with a GF Score™ of 28/100. The stock has 2 warning signs investors should review. Among 857 Travel & Leisure companies, Kaleon SPA ranks better than 83.9% 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. Kaleon SPA's annualizedNet Income for the quarter that ended in Dec. 2025 was €0.54 Mil. Kaleon SPA's average total tangible assets for the quarter that ended in Dec. 2025 was €16.98 Mil. Therefore, Kaleon SPA's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.16%.
The historical rank and industry rank for Kaleon SPA's Return-on-Tangible-Asset or its related term are showing as below:
FRA:W4U'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.58 Med: 12.6 Max: 23.72
Current: 10.12
During the past 3 years, Kaleon SPA's highest Return-on-Tangible-Asset was 23.72%. The lowest was 9.58%. And the median was 12.60%.
FRA:W4U's Return-on-Tangible-Asset is ranked better than 83.9% of 857
companies
in the Travel & Leisure industry
Industry Median: 2.75
vs FRA:W4U: 10.12
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.
Kaleon SPA Return-on-Tangible-Asset Related Terms
Kaleon SPA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kaleon SPA'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.
Kaleon SPA Return-on-Tangible-Asset Chart
Kaleon SPA Annual Data
Trend
Dec23
Dec24
Dec25
Return-on-Tangible-Asset
23.72
12.60
9.58
Kaleon SPA Semi-Annual Data
Dec23
Jun24
Dec24
Jun25
Dec25
Return-on-Tangible-Asset
0.00
11.90
13.31
19.92
3.16
FRA:W4U vs BKNG, ABNB, RCL: Return-on-Tangible-Asset Comparison
For the Travel Services subindustry, Kaleon SPA'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.
Kaleon SPA Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Kaleon SPA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kaleon SPA'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 3.16% mean?
Kaleon SPA (FRA:W4U) has a Return-on-Tangible-Asset of 3.16% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Kaleon SPA and its competitors. This is 75% below median its historical median of 12.60. Over the past decade, Kaleon SPA's Return-on-Tangible-Asset has ranged from 9.58 to 23.72. According to the industry distribution chart, Kaleon SPA ranks #138 out of 857 companies in the Travel & Leisure industry, placing it in the top 16.1%.
Is Kaleon SPA's Return-on-Tangible-Asset too high?
Kaleon SPA's current Return-on-Tangible-Asset of 3.16% is 75% below median its 10-year median of 12.60. Over the past 10 years, this metric has ranged from a low of 9.58 to a high of 23.72. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.75. Kaleon SPA's value of 3.16% is 14.9% above this industry median. Based on the distribution chart, Kaleon SPA ranks #138 out of 857 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Kaleon SPA has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Kaleon SPA's Return-on-Tangible-Asset compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Kaleon SPA ranks #138 out of 857 companies for Return-on-Tangible-Asset. This places Kaleon SPA in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.75. Kaleon SPA's value of 3.16% is 14.9% above this benchmark. Historically, Kaleon SPA's own Return-on-Tangible-Asset has ranged from 9.58 to 23.72 over the past decade. While the company's 10-year median is 12.60 vs. the industry median of 2.75, Kaleon SPA 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.75, based on 857 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. Kaleon SPA's current Return-on-Tangible-Asset of 3.16% is 14.9% 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 Kaleon SPA and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaleon SPA's current Return-on-Tangible-Asset is 3.16%, which is 75% below median its own 10-year median of 12.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaleon SPA stock overvalued right now?
Kaleon SPA (FRA:W4U) has a current Return-on-Tangible-Asset of 3.16%. The current Return-on-Tangible-Asset is 3.16%, which is 75% below median its 10-year median of 12.60 and 14.9% above the Travel & Leisure industry median of 2.75. Kaleon SPA's overall GF Score™ is 28/100 with 2 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 Kaleon SPA (FRA:W4U), the current Return-on-Tangible-Asset is 3.16% as of Dec. 2025. 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.
Kaleon SPA is a company specialized in the operational, administrative, and marketing management of both proprietary and third-parties' prominent cultural and tourist sites. It directly oversees the activities of the Terre Borromeo, the brand which identifies the portfolio of cultural and natural sites historically linked to the Borromeo Family located in the Lake Maggiore area. These include iconic destinations such as Isola Bella, Isola Madre, Rocca di Angera, Parco Pallavicino, Parco del Mottarone and Castelli di Cannero, blending culture, nature, and art with an extensive range of services (i.e., hospitality and leisure services) to offer visitors a full and memorable experience.
28GF Score
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