NEW GERMANY FUNDGF +1.05%35 Return-on-Tangible-Asset is -7.96% as of Dec. 2025. GuruFocus rates GF with a GF Score™ of 35/100. The stock has 2 warning signs investors should review. Among 1,634 Asset Management companies, NEW GERMANY FUND ranks better than 92.59% 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. NEW GERMANY FUND's annualizedNet Income for the quarter that ended in Dec. 2025 was $-18.97 Mil. NEW GERMANY FUND's average total tangible assets for the quarter that ended in Dec. 2025 was $238.38 Mil. Therefore, NEW GERMANY FUND's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -7.96%.
The historical rank and industry rank for NEW GERMANY FUND's Return-on-Tangible-Asset or its related term are showing as below:
GF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -42.51 Med: 13.82 Max: 32.61
Current: 26.12
During the past 9 years, NEW GERMANY FUND's highest Return-on-Tangible-Asset was 32.61%. The lowest was -42.51%. And the median was 13.82%.
GF's Return-on-Tangible-Asset is ranked better than 92.59% of 1634
companies
in the Asset Management industry
Industry Median: 4.12
vs GF: 26.12
NEW GERMANY FUND (NYSE:GF) 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.
NEW GERMANY FUND Return-on-Tangible-Asset Related Terms
NEW GERMANY FUND Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NEW GERMANY FUND'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.
GF vs BANX, WHG, WIA: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, NEW GERMANY FUND'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.
NEW GERMANY FUND Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, NEW GERMANY FUND's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NEW GERMANY FUND'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 -7.96% mean?
NEW GERMANY FUND (GF) has a Return-on-Tangible-Asset of -7.96% 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 NEW GERMANY FUND and its competitors. According to the industry distribution chart, NEW GERMANY FUND ranks #121 out of 1634 companies in the Asset Management industry, placing it in the top 7.4%.
Is NEW GERMANY FUND's Return-on-Tangible-Asset too high?
NEW GERMANY FUND's current Return-on-Tangible-Asset is -7.96%. Based on the distribution chart, NEW GERMANY FUND ranks #121 out of 1634 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, NEW GERMANY FUND has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does NEW GERMANY FUND's Return-on-Tangible-Asset compare to BANX and WHG?
According to the Asset Management industry distribution chart, NEW GERMANY FUND ranks #121 out of 1634 companies for Return-on-Tangible-Asset. This places NEW GERMANY FUND in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.12. 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.12, based on 1,634 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. 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 NEW GERMANY FUND and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEW GERMANY FUND's current Return-on-Tangible-Asset is -7.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEW GERMANY FUND stock overvalued right now?
NEW GERMANY FUND (GF) has a current Return-on-Tangible-Asset of -7.96%. The current Return-on-Tangible-Asset is -7.96%. NEW GERMANY FUND's overall GF Score™ is 35/100 with 2 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 NEW GERMANY FUND (GF), the current Return-on-Tangible-Asset is -7.96% 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.
NEW GERMANY FUND INC is a non-diversified, closed-end management investment company. As the investment objective, the fund seeks long-term capital appreciation through investment in middle-market German equities. The fund's portfolio of investments includes investments in different sectors such as the industrials, information technology, materials, consumer discretionary, Communication Services, Financials, Consumer Staples, Real Estate, Utilities, Healthcare, Energy, and others. Its portfolio is geographically diversified across the Netherlands, Germany, and Luxembourg.
35GF Score
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