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Invalda INVL ABFRA:WTK +4.58%87 Return-on-Tangible-Asset is 22.21% as of Dec. 2025, which is 20% above its 10-year median of 18.56. GuruFocus rates FRA:WTK with a GF Score™ of 87/100 and a GF Value™ of €19.24 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,637 Asset Management companies, Invalda INVL AB ranks better than 84.79% 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. Invalda INVL AB's annualizedNet Income for the quarter that ended in Dec. 2025 was €58.19 Mil. Invalda INVL AB's average total tangible assets for the quarter that ended in Dec. 2025 was €261.96 Mil. Therefore, Invalda INVL AB's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 22.21%.
The historical rank and industry rank for Invalda INVL AB's Return-on-Tangible-Asset or its related term are showing as below:
FRA:WTK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.54 Med: 18.56 Max: 35.37
Current: 18.32
During the past 13 years, Invalda INVL AB's highest Return-on-Tangible-Asset was 35.37%. The lowest was 0.54%. And the median was 18.56%.
FRA:WTK's Return-on-Tangible-Asset is ranked better than 84.79% of 1637
companies
in the Asset Management industry
Industry Median: 4.23
vs FRA:WTK: 18.32
Invalda INVL AB (FRA:WTK) 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.
Invalda INVL AB Return-on-Tangible-Asset Related Terms
Invalda INVL AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Invalda INVL 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:WTK vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Invalda INVL 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.
Invalda INVL AB Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Invalda INVL AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Invalda INVL 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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 22.21% mean?
Invalda INVL AB (FRA:WTK) has a Return-on-Tangible-Asset of 22.21% 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 Invalda INVL AB and its competitors. This is 20% above median its historical median of 18.56. Over the past decade, Invalda INVL AB's Return-on-Tangible-Asset has ranged from 0.54 to 35.37. According to the industry distribution chart, Invalda INVL AB ranks #249 out of 1637 companies in the Asset Management industry, placing it in the top 15.2%.
Is Invalda INVL AB's Return-on-Tangible-Asset too high?
Invalda INVL AB's current Return-on-Tangible-Asset of 22.21% is 20% above median its 10-year median of 18.56. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 35.37. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Invalda INVL AB's value of 22.21% is 425.1% above this industry median. Based on the distribution chart, Invalda INVL AB ranks #249 out of 1637 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Invalda INVL AB has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Invalda INVL AB's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Invalda INVL AB ranks #249 out of 1637 companies for Return-on-Tangible-Asset. This places Invalda INVL AB in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.23. Invalda INVL AB's value of 22.21% is 425.1% above this benchmark. Historically, Invalda INVL AB's own Return-on-Tangible-Asset has ranged from 0.54 to 35.37 over the past decade. While the company's 10-year median is 18.56 vs. the industry median of 4.23, Invalda INVL 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.23, based on 1,637 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. Invalda INVL AB's current Return-on-Tangible-Asset of 22.21% is 425.1% 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 Invalda INVL AB and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Invalda INVL AB's current Return-on-Tangible-Asset is 22.21%, which is 20% above median its own 10-year median of 18.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invalda INVL AB stock overvalued right now?
Based on GuruFocus' analysis, Invalda INVL AB (FRA:WTK) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.24, compared to a current price of €27.40 — trading 42.4% above its estimated fair value. The current Return-on-Tangible-Asset is 22.21%, which is 20% above median its 10-year median of 18.56 and 425.1% above the Asset Management industry median of 4.23. Invalda INVL AB's overall GF Score™ is 87/100 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 Invalda INVL AB (FRA:WTK), the current Return-on-Tangible-Asset is 22.21% 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 Invalda INVL AB (FRA:WTK) Overvalued in 2026?
Based on GuruFocus' analysis, Invalda INVL AB stock appears to be overvalued.
The current stock price of €27.40 is trading 42.4% above its estimated GF Value™ of €19.24.
GuruFocus considers Invalda INVL AB to be Significantly Overvalued.
Key valuation signals for FRA:WTK:
Return-on-Tangible-Asset: 22.21% (20% above median its 10-year median of 18.56)
GF Value™: €19.24 vs. price of €27.40 (42.4% above fair value)
Industry Position: 425.1% above the Asset Management median (#249 of 1637)
No single metric tells the full story. See the FRA:WTK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Invalda INVL AB is an asset management company. It operates through the Asset management and Historical Investments activity segments. The Asset management segment includes pension, investment funds, alternative investments (private equity, real assets, and private debt) and portfolio management, financial brokerage, and land administration services. The Historical Investments activity segment includes the group investment activities to the unconsolidated subsidiaries, associates, and financial assets at fair value and administrative activities of the companies. The main investment activities of the company are Agriculture; Life insurance; Facility management; Real estate; and Bank activities. The majority of its revenue comes from the Asset management segment.
87GF 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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