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Secunet Security Networks AGFRA:YSN -0.13%87 Return-on-Tangible-Asset is 19.04% as of Dec. 2025, which is 43% above its 10-year median of 13.33. GuruFocus rates FRA:YSN with a GF Score™ of 87/100 and a GF Value™ of €206.51 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,893 Software companies, Secunet Security Networks AG ranks better than 80.37% on this metric.
The historical rank and industry rank for Secunet Security Networks AG's Return-on-Tangible-Asset or its related term are showing as below:
FRA:YSN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.74 Med: 13.33 Max: 18.05
Current: 11.49
During the past 13 years, Secunet Security Networks AG's highest Return-on-Tangible-Asset was 18.05%. The lowest was 10.74%. And the median was 13.33%.
FRA:YSN's Return-on-Tangible-Asset is ranked better than 80.37% of 2893
companies
in the Software industry
Industry Median: 2.07
vs FRA:YSN: 11.49
Secunet Security Networks AG (FRA:YSN) 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.
Secunet Security Networks AG Return-on-Tangible-Asset Related Terms
Secunet Security Networks AG 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.
Secunet Security Networks AG Return-on-Tangible-Asset Chart
FRA:YSN vs MSFT, ORCL, PLTR: Return-on-Tangible-Asset Comparison
For the Software - Infrastructure subindustry, Secunet Security Networks AG'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.
Secunet Security Networks AG Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Secunet Security Networks AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Secunet Security Networks AG'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 19.04% mean?
Secunet Security Networks AG (FRA:YSN) has a Return-on-Tangible-Asset of 19.04% 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 Secunet Security Networks AG and its competitors. This is 43% above median its historical median of 13.33. Over the past decade, Secunet Security Networks AG's Return-on-Tangible-Asset has ranged from 10.74 to 18.05. According to the industry distribution chart, Secunet Security Networks AG ranks #568 out of 2893 companies in the Software industry, placing it in the top 19.6%.
Is Secunet Security Networks AG's Return-on-Tangible-Asset too high?
Secunet Security Networks AG's current Return-on-Tangible-Asset of 19.04% is 43% above median its 10-year median of 13.33. Over the past 10 years, this metric has ranged from a low of 10.74 to a high of 18.05. The Software industry median Return-on-Tangible-Asset is 2.07. Secunet Security Networks AG's value of 19.04% is 819.8% above this industry median. Based on the distribution chart, Secunet Security Networks AG ranks #568 out of 2893 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Secunet Security Networks AG has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Secunet Security Networks AG's Return-on-Tangible-Asset compare to MSFT and ORCL?
According to the Software industry distribution chart, Secunet Security Networks AG ranks #568 out of 2893 companies for Return-on-Tangible-Asset. This places Secunet Security Networks AG in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.07. Secunet Security Networks AG's value of 19.04% is 819.8% above this benchmark. Historically, Secunet Security Networks AG's own Return-on-Tangible-Asset has ranged from 10.74 to 18.05 over the past decade. While the company's 10-year median is 13.33 vs. the industry median of 2.07, Secunet Security Networks AG 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 2,893 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. Secunet Security Networks AG's current Return-on-Tangible-Asset of 19.04% is 819.8% 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 Secunet Security Networks AG 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. Secunet Security Networks AG's current Return-on-Tangible-Asset is 19.04%, which is 43% above median its own 10-year median of 13.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secunet Security Networks AG stock overvalued right now?
Based on GuruFocus' analysis, Secunet Security Networks AG (FRA:YSN) is currently considered Modestly Undervalued. The stock's GF Value™ is €206.51, compared to a current price of €158.20 — trading 23.4% below its estimated fair value. The current Return-on-Tangible-Asset is 19.04%, which is 43% above median its 10-year median of 13.33 and 819.8% above the Software industry median of 2.07. Secunet Security Networks AG's overall GF Score™ is 87/100 with 4 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 Secunet Security Networks AG (FRA:YSN), the current Return-on-Tangible-Asset is 19.04% 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 Secunet Security Networks AG (FRA:YSN) Overvalued in 2026?
Based on GuruFocus' analysis, Secunet Security Networks AG stock appears to be undervalued.
The current stock price of €158.20 is trading 23.4% below its estimated GF Value™ of €206.51.
GuruFocus considers Secunet Security Networks AG to be Modestly Undervalued.
Key valuation signals for FRA:YSN:
Return-on-Tangible-Asset: 19.04% (43% above median its 10-year median of 13.33)
GF Value™: €206.51 vs. price of €158.20 (23.4% below fair value)
Industry Position: 819.8% above the Software median (#568 of 2893)
No single metric tells the full story. See the FRA:YSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Secunet Security Networks AG is an IT and telecommunications security provider. It offers public-sector clients and private-sector companies a comprehensive portfolio of products and consulting services for the protection of data, infrastructures, and digital identities as well as for information transmission, storage, and processing. Its services include consulting on IT security, software development, development, integration, operations, maintenance, and support of products. The company operates through two divisions, Public Sector, and Business Sector. The company generates maximum revenue from Public Sector.
87GF Score
Get the complete analysis for FRA:YSN
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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