FortescueFSUGY -0.27%77 Return-on-Tangible-Asset is 12.61% as of Dec. 2025, which is 28% below its 10-year median of 17.56. GuruFocus rates FSUGY with a GF Score™ of 77/100 and a GF Value™ of $28.53 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,657 Metals & Mining companies, Fortescue ranks better than 90.48% 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. Fortescue's annualizedNet Income for the quarter that ended in Dec. 2025 was $3,828 Mil. Fortescue's average total tangible assets for the quarter that ended in Dec. 2025 was $30,365 Mil. Therefore, Fortescue's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 12.61%.
The historical rank and industry rank for Fortescue's Return-on-Tangible-Asset or its related term are showing as below:
FSUGY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.78 Med: 17.56 Max: 37.93
Current: 12.35
During the past 13 years, Fortescue's highest Return-on-Tangible-Asset was 37.93%. The lowest was 4.78%. And the median was 17.56%.
FSUGY's Return-on-Tangible-Asset is ranked better than 90.48% of 2657
companies
in the Metals & Mining industry
Industry Median: -17.41
vs FSUGY: 12.35
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.
Fortescue Return-on-Tangible-Asset Related Terms
Fortescue Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Fortescue'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.
For the Other Industrial Metals & Mining subindustry, Fortescue'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.
Fortescue Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortescue's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Fortescue'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 12.61% mean?
Fortescue (FSUGY) has a Return-on-Tangible-Asset of 12.61% 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 Fortescue and its competitors. This is 28% below median its historical median of 17.56. Over the past decade, Fortescue's Return-on-Tangible-Asset has ranged from 4.78 to 37.93. According to the industry distribution chart, Fortescue ranks #253 out of 2657 companies in the Metals & Mining industry, placing it in the top 9.5%.
Is Fortescue's Return-on-Tangible-Asset too high?
Fortescue's current Return-on-Tangible-Asset of 12.61% is 28% below median its 10-year median of 17.56. Over the past 10 years, this metric has ranged from a low of 4.78 to a high of 37.93. Based on the distribution chart, Fortescue ranks #253 out of 2657 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Fortescue has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fortescue's Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Fortescue ranks #253 out of 2657 companies for Return-on-Tangible-Asset. This places Fortescue in the top 10% of its industry — outperforming the majority of peers. Historically, Fortescue's own Return-on-Tangible-Asset has ranged from 4.78 to 37.93 over the past decade. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Fortescue and its competitors. Fortescue's current Return-on-Tangible-Asset is 12.61%, which is 28% below median its own 10-year median of 17.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortescue stock overvalued right now?
Based on GuruFocus' analysis, Fortescue (FSUGY) is currently considered Modestly Undervalued. The stock's GF Value™ is $28.53, compared to a current price of $25.73 — trading 9.8% below its estimated fair value. The current Return-on-Tangible-Asset is 12.61%, which is 28% below median its 10-year median of 17.56. Fortescue's overall GF Score™ is 77/100 with 6 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 Fortescue (FSUGY), the current Return-on-Tangible-Asset is 12.61% 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 Fortescue (FSUGY) Overvalued in 2026?
Based on GuruFocus' analysis, Fortescue stock appears to be undervalued.
The current stock price of $25.73 is trading 9.8% below its estimated GF Value™ of $28.53.
GuruFocus considers Fortescue to be Modestly Undervalued.
Key valuation signals for FSUGY:
Return-on-Tangible-Asset: 12.61% (28% below median its 10-year median of 17.56)
GF Value™: $28.53 vs. price of $25.73 (9.8% below fair value)
No single metric tells the full story. See the FSUGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortescue is an Australia-based iron ore miner. It has grown from obscurity at the start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 195 million metric tons in 2025 means Fortescue supplies around 10% of global seaborne iron ore. Further expansion to about 210 million metric tons is likely once its 22 million metric ton Iron Bridge magnetite mine ramps up, likely in 2028. However, with longer-term demand likely to decline as China's economy matures, its future margins are likely to be below historical averages. More recently, Fortescue diversified into copper and green energy. It has big ambitions here, but its efforts are at an early stage.
77GF Score
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