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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. Warehouses Estates Belgium's annualizedNet Income for the quarter that ended in Dec. 2025 was €18.25 Mil. Warehouses Estates Belgium's average total tangible assets for the quarter that ended in Dec. 2025 was €345.83 Mil. Therefore, Warehouses Estates Belgium's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 5.28%.
The historical rank and industry rank for Warehouses Estates Belgium's Return-on-Tangible-Asset or its related term are showing as below:
FRA:WPK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.75 Med: 4.19 Max: 9.19
Current: 4.4
During the past 13 years, Warehouses Estates Belgium's highest Return-on-Tangible-Asset was 9.19%. The lowest was 2.75%. And the median was 4.19%.
FRA:WPK's Return-on-Tangible-Asset is ranked better than 61.88% of 926
companies
in the REITs industry
Industry Median: 3.285
vs FRA:WPK: 4.40
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.
Warehouses Estates Belgium Return-on-Tangible-Asset Related Terms
Warehouses Estates Belgium Return-on-Tangible-Asset Historical Data
* 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:WPK vs VICI, WPC, BNL: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Warehouses Estates Belgium'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.
Warehouses Estates Belgium Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Warehouses Estates Belgium's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Warehouses Estates Belgium'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 5.28% mean?
Warehouses Estates Belgium (FRA:WPK) has a Return-on-Tangible-Asset of 5.28% 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 Warehouses Estates Belgium and its competitors. This is 26% above median its historical median of 4.19. Over the past decade, Warehouses Estates Belgium's Return-on-Tangible-Asset has ranged from 2.75 to 9.19. According to the industry distribution chart, Warehouses Estates Belgium ranks #353 out of 926 companies in the REITs industry, placing it in the top 38.1%.
Is Warehouses Estates Belgium's Return-on-Tangible-Asset too high?
Warehouses Estates Belgium's current Return-on-Tangible-Asset of 5.28% is 26% above median its 10-year median of 4.19. Over the past 10 years, this metric has ranged from a low of 2.75 to a high of 9.19. The REITs industry median Return-on-Tangible-Asset is 3.29. Warehouses Estates Belgium's value of 5.28% is 60.7% above this industry median. Based on the distribution chart, Warehouses Estates Belgium ranks #353 out of 926 companies in the REITs industry, which is above the industry midpoint. Overall, Warehouses Estates Belgium has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Warehouses Estates Belgium's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Warehouses Estates Belgium ranks #353 out of 926 companies for Return-on-Tangible-Asset. This puts Warehouses Estates Belgium in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.29. Warehouses Estates Belgium's value of 5.28% is 60.7% above this benchmark. Historically, Warehouses Estates Belgium's own Return-on-Tangible-Asset has ranged from 2.75 to 9.19 over the past decade. While the company's 10-year median is 4.19 vs. the industry median of 3.29, Warehouses Estates Belgium 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.29, based on 926 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. Warehouses Estates Belgium's current Return-on-Tangible-Asset of 5.28% is 60.7% 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 Warehouses Estates Belgium and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warehouses Estates Belgium's current Return-on-Tangible-Asset is 5.28%, which is 26% above median its own 10-year median of 4.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warehouses Estates Belgium stock overvalued right now?
Warehouses Estates Belgium (FRA:WPK) has a current Return-on-Tangible-Asset of 5.28%. The stock's GF Value™ is €34.91, compared to a current price of €37.60 — trading 7.7% above its estimated fair value. The current Return-on-Tangible-Asset is 5.28%, which is 26% above median its 10-year median of 4.19 and 60.7% above the REITs industry median of 3.29. Warehouses Estates Belgium's overall GF Score™ is 70/100 with 9 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 Warehouses Estates Belgium (FRA:WPK), the current Return-on-Tangible-Asset is 5.28% 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.
Is Warehouses Estates Belgium (FRA:WPK) Overvalued in 2026?
Based on GuruFocus' analysis, Warehouses Estates Belgium stock appears to be overvalued.
The current stock price of €37.60 is trading 7.7% above its estimated GF Value™ of €34.91.
Key valuation signals for FRA:WPK:
Return-on-Tangible-Asset: 5.28% (26% above median its 10-year median of 4.19)
GF Value™: €34.91 vs. price of €37.60 (7.7% above fair value)
Industry Position: 60.7% above the REITs median (#353 of 926)
No single metric tells the full story. See the FRA:WPK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warehouses Estates Belgium SA Formerly Warehouses Estates Belgium SCA is a real estate investment trust. It operates in commercial, semi-industrial and industrial tenancy. It also rents out industrial properties, shopping centers, retail warehouses, offices, and residential properties.
70GF Score
Get the complete analysis for FRA:WPK
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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