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Micro Systemation ABFRA:W98 +0.26%71 Return-on-Tangible-Asset is 11.04% as of Jun. 2026, which is 20% below its 10-year median of 13.72. GuruFocus rates FRA:W98 with a GF Score™ of 71/100 and a GF Value™ of €6.35 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,891 Software companies, Micro Systemation AB ranks better than 94.02% 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. Micro Systemation AB's annualizedNet Income for the quarter that ended in Jun. 2026 was €3.43 Mil. Micro Systemation AB's average total tangible assets for the quarter that ended in Jun. 2026 was €31.06 Mil. Therefore, Micro Systemation AB's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 11.04%.
The historical rank and industry rank for Micro Systemation AB's Return-on-Tangible-Asset or its related term are showing as below:
FRA:W98'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.66 Med: 13.72 Max: 27.92
Current: 24.38
During the past 13 years, Micro Systemation AB's highest Return-on-Tangible-Asset was 27.92%. The lowest was 2.66%. And the median was 13.72%.
FRA:W98's Return-on-Tangible-Asset is ranked better than 94.02% of 2891
companies
in the Software industry
Industry Median: 2.07
vs FRA:W98: 24.38
Micro Systemation AB (FRA:W98) 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.
Micro Systemation AB Return-on-Tangible-Asset Related Terms
Micro Systemation AB Return-on-Tangible-Asset Historical Data
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The historical data trend for Micro Systemation 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.
Micro Systemation AB Return-on-Tangible-Asset Chart
FRA:W98 vs QH, SHOP, UBER: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Micro Systemation 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.
Micro Systemation AB Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Micro Systemation AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Micro Systemation 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.04% mean?
Micro Systemation AB (FRA:W98) has a Return-on-Tangible-Asset of 11.04% 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 Micro Systemation AB and its competitors. This is 20% below median its historical median of 13.72. Over the past decade, Micro Systemation AB's Return-on-Tangible-Asset has ranged from 2.66 to 27.92. According to the industry distribution chart, Micro Systemation AB ranks #173 out of 2891 companies in the Software industry, placing it in the top 6%.
Is Micro Systemation AB's Return-on-Tangible-Asset too high?
Micro Systemation AB's current Return-on-Tangible-Asset of 11.04% is 20% below median its 10-year median of 13.72. Over the past 10 years, this metric has ranged from a low of 2.66 to a high of 27.92. The Software industry median Return-on-Tangible-Asset is 2.07. Micro Systemation AB's value of 11.04% is 433.3% above this industry median. Based on the distribution chart, Micro Systemation AB ranks #173 out of 2891 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Micro Systemation AB has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micro Systemation AB's Return-on-Tangible-Asset compare to QH and SHOP?
According to the Software industry distribution chart, Micro Systemation AB ranks #173 out of 2891 companies for Return-on-Tangible-Asset. This places Micro Systemation AB in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.07. Micro Systemation AB's value of 11.04% is 433.3% above this benchmark. Historically, Micro Systemation AB's own Return-on-Tangible-Asset has ranged from 2.66 to 27.92 over the past decade. While the company's 10-year median is 13.72 vs. the industry median of 2.07, Micro Systemation 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.07, based on 2,891 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. Micro Systemation AB's current Return-on-Tangible-Asset of 11.04% is 433.3% 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 Micro Systemation AB and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micro Systemation AB's current Return-on-Tangible-Asset is 11.04%, which is 20% below median its own 10-year median of 13.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micro Systemation AB stock overvalued right now?
Based on GuruFocus' analysis, Micro Systemation AB (FRA:W98) is currently considered Modestly Overvalued. The stock's GF Value™ is €6.35, compared to a current price of €7.60 — trading 19.7% above its estimated fair value. The current Return-on-Tangible-Asset is 11.04%, which is 20% below median its 10-year median of 13.72 and 433.3% above the Software industry median of 2.07. Micro Systemation AB's overall GF Score™ is 71/100 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 Micro Systemation AB (FRA:W98), the current Return-on-Tangible-Asset is 11.04% 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 Micro Systemation AB (FRA:W98) Overvalued in 2026?
Based on GuruFocus' analysis, Micro Systemation AB stock appears to be overvalued.
The current stock price of €7.60 is trading 19.7% above its estimated GF Value™ of €6.35.
GuruFocus considers Micro Systemation AB to be Modestly Overvalued.
Key valuation signals for FRA:W98:
Return-on-Tangible-Asset: 11.04% (20% below median its 10-year median of 13.72)
GF Value™: €6.35 vs. price of €7.60 (19.7% above fair value)
Industry Position: 433.3% above the Software median (#173 of 2891)
No single metric tells the full story. See the FRA:W98 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Micro Systemation AB is engaged in product development, production, and sales of solutions within the area of mobile digital forensics. It provides software products to extract, analyse, and present data from digital devices, predominantly mobile phones. The Group has three main product families: XRY, XAMN, and XEC. The products are used mainly by police, military, and intelligence agencies and are effective tools for securing evidence. The majority of the Group's sales are generated in the European market, with the United Kingdom being a substantial contributor; the rest comes from North America and other regions.
71GF Score
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