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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. Hallmark Financial Services's annualizedNet Income for the quarter that ended in Sep. 2023 was $-86.0 Mil. Hallmark Financial Services's average total tangible assets for the quarter that ended in Sep. 2023 was $1,171.1 Mil. Therefore, Hallmark Financial Services's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -7.35%.
The historical rank and industry rank for Hallmark Financial Services's Return-on-Tangible-Asset or its related term are showing as below:
HALLQ's Return-on-Tangible-Asset is not ranked *
in the Insurance industry.
Industry Median: 2.79 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
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.
Hallmark Financial Services Return-on-Tangible-Asset Related Terms
Hallmark Financial Services Return-on-Tangible-Asset Historical Data
* 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.
HALLQ vs DTI, RES, PFIE: Return-on-Tangible-Asset Comparison
For the Insurance - Property & Casualty subindustry, Hallmark Financial Services'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.
Hallmark Financial Services Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Hallmark Financial Services's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hallmark Financial Services'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 (Sep. 2023) net income data.
What does a Return-on-Tangible-Asset of -7.35% mean?
Hallmark Financial Services (HALLQ) has a Return-on-Tangible-Asset of -7.35% as of Sep. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Hallmark Financial Services and its competitors.
Is Hallmark Financial Services' Return-on-Tangible-Asset too high?
Hallmark Financial Services' current Return-on-Tangible-Asset is -7.35%. Overall, Hallmark Financial Services has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Hallmark Financial Services' Return-on-Tangible-Asset compare to DTI and RES?
Hallmark Financial Services' Return-on-Tangible-Asset of -7.35% can be compared against companies in the Insurance industry. The industry median Return-on-Tangible-Asset is 2.79. 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 Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.79, based on 507 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 Hallmark Financial Services and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hallmark Financial Services's current Return-on-Tangible-Asset is -7.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hallmark Financial Services stock overvalued right now?
Hallmark Financial Services (HALLQ) has a current Return-on-Tangible-Asset of -7.35%. The current Return-on-Tangible-Asset is -7.35%. Hallmark Financial Services' overall GF Score™ is 16/100. 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 Hallmark Financial Services (HALLQ), the current Return-on-Tangible-Asset is -7.35% as of Sep. 2023. 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.
Hallmark Financial Services Inc is an insurance holding company, which is engaged in the sale of property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting, and servicing insurance products, as well as providing other insurance-related services. The company operates in segments such as Standard Commercial Segment, Specialty Commercial Segment, and Personal Segment. Geographically, it operates through the region of United States and derives a majority of its revenue from Specialty Commercial Segment, which includes Commercial Auto business unit, E&S Casualty business unit, E&S Property business unit, Professional Liability business unit, and Aerospace & Programs business unit.
16GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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