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Acushnet HoldingsGOLF +1.82%83 Return-on-Tangible-Asset is 18.74% as of Mar. 2026, which is 58% above its 10-year median of 11.89. GuruFocus rates GOLF with a GF Score™ of 83/100 and a GF Value™ of $79.46 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 855 Travel & Leisure companies, Acushnet Holdings ranks better than 84.09% 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. Acushnet Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was $326 Mil. Acushnet Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was $1,737 Mil. Therefore, Acushnet Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.74%.
The historical rank and industry rank for Acushnet Holdings's Return-on-Tangible-Asset or its related term are showing as below:
GOLF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.2 Med: 11.89 Max: 14.93
Current: 10.15
During the past 13 years, Acushnet Holdings's highest Return-on-Tangible-Asset was 14.93%. The lowest was 4.20%. And the median was 11.89%.
GOLF's Return-on-Tangible-Asset is ranked better than 84.09% of 855
companies
in the Travel & Leisure industry
Industry Median: 2.73
vs GOLF: 10.15
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.
Acushnet Holdings Return-on-Tangible-Asset Related Terms
Acushnet Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Acushnet Holdings'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.
GOLF vs LTH, PLNT, MAT: Return-on-Tangible-Asset Comparison
For the Leisure subindustry, Acushnet Holdings'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.
Acushnet Holdings Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Acushnet Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Acushnet Holdings'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 18.74% mean?
Acushnet Holdings (GOLF) has a Return-on-Tangible-Asset of 18.74% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Acushnet Holdings and its competitors. This is 58% above median its historical median of 11.89. Over the past decade, Acushnet Holdings' Return-on-Tangible-Asset has ranged from 4.20 to 14.93. According to the industry distribution chart, Acushnet Holdings ranks #136 out of 855 companies in the Travel & Leisure industry, placing it in the top 15.9%.
Is Acushnet Holdings' Return-on-Tangible-Asset too high?
Acushnet Holdings' current Return-on-Tangible-Asset of 18.74% is 58% above median its 10-year median of 11.89. Over the past 10 years, this metric has ranged from a low of 4.20 to a high of 14.93. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.73. Acushnet Holdings' value of 18.74% is 586.4% above this industry median. Based on the distribution chart, Acushnet Holdings ranks #136 out of 855 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Acushnet Holdings has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Acushnet Holdings' Return-on-Tangible-Asset compare to LTH and PLNT?
According to the Travel & Leisure industry distribution chart, Acushnet Holdings ranks #136 out of 855 companies for Return-on-Tangible-Asset. This places Acushnet Holdings in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.73. Acushnet Holdings' value of 18.74% is 586.4% above this benchmark. Historically, Acushnet Holdings' own Return-on-Tangible-Asset has ranged from 4.20 to 14.93 over the past decade. While the company's 10-year median is 11.89 vs. the industry median of 2.73, Acushnet Holdings 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.73, based on 855 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. Acushnet Holdings's current Return-on-Tangible-Asset of 18.74% is 586.4% 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 Acushnet Holdings and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Acushnet Holdings's current Return-on-Tangible-Asset is 18.74%, which is 58% above median its own 10-year median of 11.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Acushnet Holdings stock overvalued right now?
Based on GuruFocus' analysis, Acushnet Holdings (GOLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $79.46, compared to a current price of $114.47 — trading 44.1% above its estimated fair value. The current Return-on-Tangible-Asset is 18.74%, which is 58% above median its 10-year median of 11.89 and 586.4% above the Travel & Leisure industry median of 2.73. Acushnet Holdings' overall GF Score™ is 83/100 with 9 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 Acushnet Holdings (GOLF), the current Return-on-Tangible-Asset is 18.74% as of Mar. 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 Acushnet Holdings (GOLF) Overvalued in 2026?
Based on GuruFocus' analysis, Acushnet Holdings stock appears to be overvalued.
The current stock price of $114.47 is trading 44.1% above its estimated GF Value™ of $79.46.
GuruFocus considers Acushnet Holdings to be Significantly Overvalued.
Key valuation signals for GOLF:
Return-on-Tangible-Asset: 18.74% (58% above median its 10-year median of 11.89)
GF Value™: $79.46 vs. price of $114.47 (44.1% above fair value)
Industry Position: 586.4% above the Travel & Leisure median (#136 of 855)
No single metric tells the full story. See the GOLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Acushnet Holdings Corp is engaged in the design, development, manufacture, and distribution of golf products. Its product category includes golf balls, golf shoes, golf clubs, wedges, putters, golf gloves, golf gear and golf wear, and others. These products are offered through different brands such as Titleist, FootJoy, Scotty Cemeron, Vokey Design, Pinnacle, KJUS, and others. The company's reportable segments are Titleist golf equipment, FootJoy golf wear, and Gofl gear. A majority of its revenue is generated by the Titleist golf equipment segment. Geographically, the company generates maximum revenue from the United States, followed by Europe, Middle East and Asia (EMEA), Japan, Korea, and the Rest of the world.
83GF Score
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