Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Golden Agri-ResourcesGARPY 76 Return-on-Tangible-Asset is 4.65% as of Dec. 2025, which is 50% above its 10-year median of 3.09. GuruFocus rates GARPY with a GF Score™ of 76/100 and a GF Value™ of $19.78 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,996 Consumer Packaged Goods companies, Golden Agri-Resources ranks better than 52.3% 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. Golden Agri-Resources's annualizedNet Income for the quarter that ended in Dec. 2025 was $480 Mil. Golden Agri-Resources's average total tangible assets for the quarter that ended in Dec. 2025 was $10,321 Mil. Therefore, Golden Agri-Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 4.65%.
The historical rank and industry rank for Golden Agri-Resources's Return-on-Tangible-Asset or its related term are showing as below:
GARPY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.02 Med: 3.09 Max: 8.46
Current: 3.84
During the past 13 years, Golden Agri-Resources's highest Return-on-Tangible-Asset was 8.46%. The lowest was -0.02%. And the median was 3.09%.
GARPY's Return-on-Tangible-Asset is ranked better than 52.3% of 1996
companies
in the Consumer Packaged Goods industry
Industry Median: 3.5
vs GARPY: 3.84
Golden Agri-Resources (OTCPK:GARPY) 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.
Golden Agri-Resources Return-on-Tangible-Asset Related Terms
Golden Agri-Resources Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Golden Agri-Resources'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.
Golden Agri-Resources Return-on-Tangible-Asset Chart
GARPY vs ADM, BG, TSN: Return-on-Tangible-Asset Comparison
For the Farm Products subindustry, Golden Agri-Resources'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.
Golden Agri-Resources Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Golden Agri-Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Golden Agri-Resources'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 4.65% mean?
Golden Agri-Resources (GARPY) has a Return-on-Tangible-Asset of 4.65% 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 Golden Agri-Resources and its competitors. This is 50% above median its historical median of 3.09. According to the industry distribution chart, Golden Agri-Resources ranks #952 out of 1996 companies in the Consumer Packaged Goods industry, placing it in the top 47.7%.
Is Golden Agri-Resources' Return-on-Tangible-Asset too high?
Golden Agri-Resources' current Return-on-Tangible-Asset of 4.65% is 50% above median its 10-year median of 3.09. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.50. Golden Agri-Resources' value of 4.65% is 32.9% above this industry median. Based on the distribution chart, Golden Agri-Resources ranks #952 out of 1996 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Golden Agri-Resources has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golden Agri-Resources' Return-on-Tangible-Asset compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Golden Agri-Resources ranks #952 out of 1996 companies for Return-on-Tangible-Asset. This puts Golden Agri-Resources in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.50. Golden Agri-Resources' value of 4.65% is 32.9% above this benchmark. While the company's 10-year median is 3.09 vs. the industry median of 3.50, Golden Agri-Resources 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.50, based on 1,996 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. Golden Agri-Resources's current Return-on-Tangible-Asset of 4.65% is 32.9% 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 Golden Agri-Resources and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Agri-Resources's current Return-on-Tangible-Asset is 4.65%, which is 50% above median its own 10-year median of 3.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Agri-Resources stock overvalued right now?
Based on GuruFocus' analysis, Golden Agri-Resources (GARPY) is currently considered Modestly Overvalued. The stock's GF Value™ is $19.78, compared to a current price of $22.09 — trading 11.7% above its estimated fair value. The current Return-on-Tangible-Asset is 4.65%, which is 50% above median its 10-year median of 3.09 and 32.9% above the Consumer Packaged Goods industry median of 3.50. Golden Agri-Resources' overall GF Score™ is 76/100 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 Golden Agri-Resources (GARPY), the current Return-on-Tangible-Asset is 4.65% 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 Golden Agri-Resources (GARPY) Overvalued in 2026?
Based on GuruFocus' analysis, Golden Agri-Resources stock appears to be overvalued.
The current stock price of $22.09 is trading 11.7% above its estimated GF Value™ of $19.78.
GuruFocus considers Golden Agri-Resources to be Modestly Overvalued.
Key valuation signals for GARPY:
Return-on-Tangible-Asset: 4.65% (50% above median its 10-year median of 3.09)
GF Value™: $19.78 vs. price of $22.09 (11.7% above fair value)
Industry Position: 32.9% above the Consumer Packaged Goods median (#952 of 1996)
No single metric tells the full story. See the GARPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Golden Agri-Resources Ltd is an integrated palm oil plantation in Indonesia with estates spanning from east to west across the archipelago. The company markets its products in bulk, industrial and branded form, domestically as well as in international markets. In addition to its main palm-based products, it processes and markets soybean and sunflower oil-based products, especially in China and India, as well as operate sugar trading business. It operates in two segments namely Plantations and palm oil mills - comprises the products from upstream business; Palm, laurics and others - refers to the processing and merchandising of palm and oilseed-based products comprising bulk and branded products, oleochemicals, sugar and other vegetable oils.
76GF Score
Get the complete analysis for GARPY
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
GARPY has been successfully added to your 
