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Firm Capital Property TrustFRMUF 73 Return-on-Tangible-Asset is 4.71% as of Jun. 2026, which is 11% below its 10-year median of 5.29. GuruFocus rates FRMUF with a GF Score™ of 73/100 and a GF Value™ of $4.32 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 923 REITs companies, Firm Capital Property Trust ranks better than 62.3% 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. Firm Capital Property Trust's annualizedNet Income for the quarter that ended in Jun. 2026 was $22.24 Mil. Firm Capital Property Trust's average total tangible assets for the quarter that ended in Jun. 2026 was $471.79 Mil. Therefore, Firm Capital Property Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 4.71%.
The historical rank and industry rank for Firm Capital Property Trust's Return-on-Tangible-Asset or its related term are showing as below:
FRMUF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.2 Med: 5.29 Max: 11.05
Current: 4.47
During the past 13 years, Firm Capital Property Trust's highest Return-on-Tangible-Asset was 11.05%. The lowest was -0.20%. And the median was 5.29%.
FRMUF's Return-on-Tangible-Asset is ranked better than 62.3% of 923
companies
in the REITs industry
Industry Median: 3.31
vs FRMUF: 4.47
Firm Capital Property Trust (OTCPK:FRMUF) 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.
Firm Capital Property Trust Return-on-Tangible-Asset Related Terms
Firm Capital Property Trust 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.
Firm Capital Property Trust Return-on-Tangible-Asset Chart
FRMUF vs SPG, O, KIM: Return-on-Tangible-Asset Comparison
For the REIT - Retail subindustry, Firm Capital Property Trust'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.
Firm Capital Property Trust Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Firm Capital Property Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Firm Capital Property Trust'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 4.71% mean?
Firm Capital Property Trust (FRMUF) has a Return-on-Tangible-Asset of 4.71% 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 Firm Capital Property Trust and its competitors. This is 11% below median its historical median of 5.29. According to the industry distribution chart, Firm Capital Property Trust ranks #348 out of 923 companies in the REITs industry, placing it in the top 37.7%.
Is Firm Capital Property Trust's Return-on-Tangible-Asset too high?
Firm Capital Property Trust's current Return-on-Tangible-Asset of 4.71% is 11% below median its 10-year median of 5.29. The REITs industry median Return-on-Tangible-Asset is 3.31. Firm Capital Property Trust's value of 4.71% is 42.3% above this industry median. Based on the distribution chart, Firm Capital Property Trust ranks #348 out of 923 companies in the REITs industry, which is above the industry midpoint. Overall, Firm Capital Property Trust has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firm Capital Property Trust's Return-on-Tangible-Asset compare to SPG and O?
According to the REITs industry distribution chart, Firm Capital Property Trust ranks #348 out of 923 companies for Return-on-Tangible-Asset. This puts Firm Capital Property Trust in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.31. Firm Capital Property Trust's value of 4.71% is 42.3% above this benchmark. While the company's 10-year median is 5.29 vs. the industry median of 3.31, Firm Capital Property Trust 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 3.31, based on 923 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. Firm Capital Property Trust's current Return-on-Tangible-Asset of 4.71% is 42.3% 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 Firm Capital Property Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firm Capital Property Trust's current Return-on-Tangible-Asset is 4.71%, which is 11% below median its own 10-year median of 5.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firm Capital Property Trust stock overvalued right now?
Based on GuruFocus' analysis, Firm Capital Property Trust (FRMUF) is currently considered Modestly Overvalued. The stock's GF Value™ is $4.32, compared to a current price of $5.17 — trading 19.7% above its estimated fair value. The current Return-on-Tangible-Asset is 4.71%, which is 11% below median its 10-year median of 5.29 and 42.3% above the REITs industry median of 3.31. Firm Capital Property Trust's overall GF Score™ is 73/100 with 10 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 Firm Capital Property Trust (FRMUF), the current Return-on-Tangible-Asset is 4.71% 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 Firm Capital Property Trust (FRMUF) Overvalued in 2026?
Based on GuruFocus' analysis, Firm Capital Property Trust stock appears to be overvalued.
The current stock price of $5.17 is trading 19.7% above its estimated GF Value™ of $4.32.
GuruFocus considers Firm Capital Property Trust to be Modestly Overvalued.
Key valuation signals for FRMUF:
Return-on-Tangible-Asset: 4.71% (11% below median its 10-year median of 5.29)
GF Value™: $4.32 vs. price of $5.17 (19.7% above fair value)
Industry Position: 42.3% above the REITs median (#348 of 923)
No single metric tells the full story. See the FRMUF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Firm Capital Property Trust is a Canada-based open-ended real estate investment trust. The Trust operates in six reportable segments: grocery-anchored retail, non-grocery anchored retail, industrial, multi-residential, core service office provider, and manufactured homes community. A vast majority of its revenues are derived from the grocery-anchored retail segment. Its products and services are Mortgage Banking, Real Estate Investments, Private Equity, and Alternative Credit.
73GF Score
Get the complete analysis for FRMUF
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