Warsaw Stock ExchangeFRA:WSX -2.40%82 Return-on-Tangible-Asset is 25.92% as of Mar. 2026, which is 66% above its 10-year median of 15.65. GuruFocus rates FRA:WSX with a GF Score™ of 82/100 and a GF Value™ of €12.81 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 818 Capital Markets companies, Warsaw Stock Exchange ranks better than 93.28% 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. Warsaw Stock Exchange's annualizedNet Income for the quarter that ended in Mar. 2026 was €63.5 Mil. Warsaw Stock Exchange's average total tangible assets for the quarter that ended in Mar. 2026 was €245.0 Mil. Therefore, Warsaw Stock Exchange's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 25.92%.
The historical rank and industry rank for Warsaw Stock Exchange's Return-on-Tangible-Asset or its related term are showing as below:
FRA:WSX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 12.11 Med: 15.65 Max: 20.24
Current: 20.24
During the past 13 years, Warsaw Stock Exchange's highest Return-on-Tangible-Asset was 20.24%. The lowest was 12.11%. And the median was 15.65%.
FRA:WSX's Return-on-Tangible-Asset is ranked better than 93.28% of 818
companies
in the Capital Markets industry
Industry Median: 1.53
vs FRA:WSX: 20.24
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.
Warsaw Stock Exchange Return-on-Tangible-Asset Related Terms
Warsaw Stock Exchange Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Warsaw Stock Exchange'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:WSX vs SPGI, CME, MCO: Return-on-Tangible-Asset Comparison
For the Financial Data & Stock Exchanges subindustry, Warsaw Stock Exchange'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.
Warsaw Stock Exchange Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Warsaw Stock Exchange's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Warsaw Stock Exchange'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 25.92% mean?
Warsaw Stock Exchange (FRA:WSX) has a Return-on-Tangible-Asset of 25.92% 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 Warsaw Stock Exchange and its competitors. This is 66% above median its historical median of 15.65. Over the past decade, Warsaw Stock Exchange's Return-on-Tangible-Asset has ranged from 12.11 to 20.24. According to the industry distribution chart, Warsaw Stock Exchange ranks #55 out of 818 companies in the Capital Markets industry, placing it in the top 6.7%.
Is Warsaw Stock Exchange's Return-on-Tangible-Asset too high?
Warsaw Stock Exchange's current Return-on-Tangible-Asset of 25.92% is 66% above median its 10-year median of 15.65. Over the past 10 years, this metric has ranged from a low of 12.11 to a high of 20.24. The Capital Markets industry median Return-on-Tangible-Asset is 1.53. Warsaw Stock Exchange's value of 25.92% is 1594.1% above this industry median. Based on the distribution chart, Warsaw Stock Exchange ranks #55 out of 818 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Warsaw Stock Exchange has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Warsaw Stock Exchange's Return-on-Tangible-Asset compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Warsaw Stock Exchange ranks #55 out of 818 companies for Return-on-Tangible-Asset. This places Warsaw Stock Exchange in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.53. Warsaw Stock Exchange's value of 25.92% is 1594.1% above this benchmark. Historically, Warsaw Stock Exchange's own Return-on-Tangible-Asset has ranged from 12.11 to 20.24 over the past decade. While the company's 10-year median is 15.65 vs. the industry median of 1.53, Warsaw Stock Exchange 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.53, based on 818 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. Warsaw Stock Exchange's current Return-on-Tangible-Asset of 25.92% is 1594.1% 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 Warsaw Stock Exchange and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warsaw Stock Exchange's current Return-on-Tangible-Asset is 25.92%, which is 66% above median its own 10-year median of 15.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warsaw Stock Exchange stock overvalued right now?
Based on GuruFocus' analysis, Warsaw Stock Exchange (FRA:WSX) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.81, compared to a current price of €22.74 — trading 77.5% above its estimated fair value. The current Return-on-Tangible-Asset is 25.92%, which is 66% above median its 10-year median of 15.65 and 1594.1% above the Capital Markets industry median of 1.53. Warsaw Stock Exchange's overall GF Score™ is 82/100 with 8 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 Warsaw Stock Exchange (FRA:WSX), the current Return-on-Tangible-Asset is 25.92% 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 Warsaw Stock Exchange (FRA:WSX) Overvalued in 2026?
Based on GuruFocus' analysis, Warsaw Stock Exchange stock appears to be overvalued.
The current stock price of €22.74 is trading 77.5% above its estimated GF Value™ of €12.81.
GuruFocus considers Warsaw Stock Exchange to be Significantly Overvalued.
Key valuation signals for FRA:WSX:
Return-on-Tangible-Asset: 25.92% (66% above median its 10-year median of 15.65)
GF Value™: €12.81 vs. price of €22.74 (77.5% above fair value)
Industry Position: 1594.1% above the Capital Markets median (#55 of 818)
No single metric tells the full story. See the FRA:WSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.
82GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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