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First Ship Lease TrustFSLUF Return-on-Tangible-Asset is 24.13% as of Dec. 2025, which is 633% above its 10-year median of 3.29. The stock has 2 warning signs investors should review. Among 1,094 Business Services companies, First Ship Lease Trust ranks better than 88.67% 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. First Ship Lease Trust's annualizedNet Income for the quarter that ended in Dec. 2025 was $10.22 Mil. First Ship Lease Trust's average total tangible assets for the quarter that ended in Dec. 2025 was $42.35 Mil. Therefore, First Ship Lease Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 24.13%.
The historical rank and industry rank for First Ship Lease Trust's Return-on-Tangible-Asset or its related term are showing as below:
FSLUF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.65 Med: 3.29 Max: 17.71
Current: 15.91
During the past 13 years, First Ship Lease Trust's highest Return-on-Tangible-Asset was 17.71%. The lowest was -17.65%. And the median was 3.29%.
FSLUF's Return-on-Tangible-Asset is ranked better than 88.67% of 1094
companies
in the Business Services industry
Industry Median: 3.98
vs FSLUF: 15.91
First Ship Lease Trust (OTCPK:FSLUF) 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.
First Ship Lease Trust Return-on-Tangible-Asset Related Terms
First Ship Lease Trust Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for First Ship Lease Trust'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.
First Ship Lease Trust Return-on-Tangible-Asset Chart
FSLUF vs URI, SUNB, AER: Return-on-Tangible-Asset Comparison
For the Rental & Leasing Services subindustry, First Ship Lease 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.
First Ship Lease Trust Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, First Ship Lease Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where First Ship Lease 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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 24.13% mean?
First Ship Lease Trust (FSLUF) has a Return-on-Tangible-Asset of 24.13% 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 First Ship Lease Trust and its competitors. This is 633% above median its historical median of 3.29. According to the industry distribution chart, First Ship Lease Trust ranks #124 out of 1094 companies in the Business Services industry, placing it in the top 11.3%.
Is First Ship Lease Trust's Return-on-Tangible-Asset too high?
First Ship Lease Trust's current Return-on-Tangible-Asset of 24.13% is 633% above median its 10-year median of 3.29. The Business Services industry median Return-on-Tangible-Asset is 3.98. First Ship Lease Trust's value of 24.13% is 506.3% above this industry median. Based on the distribution chart, First Ship Lease Trust ranks #124 out of 1094 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers.
How does First Ship Lease Trust's Return-on-Tangible-Asset compare to URI and SUNB?
According to the Business Services industry distribution chart, First Ship Lease Trust ranks #124 out of 1094 companies for Return-on-Tangible-Asset. This places First Ship Lease Trust in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.98. First Ship Lease Trust's value of 24.13% is 506.3% above this benchmark. While the company's 10-year median is 3.29 vs. the industry median of 3.98, First Ship Lease 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,094 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. First Ship Lease Trust's current Return-on-Tangible-Asset of 24.13% is 506.3% 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 First Ship Lease Trust and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Ship Lease Trust's current Return-on-Tangible-Asset is 24.13%, which is 633% above median its own 10-year median of 3.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Ship Lease Trust stock overvalued right now?
First Ship Lease Trust (FSLUF) has a current Return-on-Tangible-Asset of 24.13%. The stock's GF Value™ is $0.02, compared to a current price of $0.04 — trading 100% above its estimated fair value. The current Return-on-Tangible-Asset is 24.13%, which is 633% above median its 10-year median of 3.29 and 506.3% above the Business Services industry median of 3.98. 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 First Ship Lease Trust (FSLUF), the current Return-on-Tangible-Asset is 24.13% 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.
First Ship Lease Trust is engaged in the shipping business. The trust acts as a shipowner and provider of leasing services to the international shipping industry. The group has one segment that is only involved in the leasing and chartering of vessels which is carried out in international waters. The company has 6 vessels chartered to an international shipping company on fixed-rate period bareboat charters.
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