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. Upstart Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was €-23.0 Mil. Upstart Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was €2,486.5 Mil. Therefore, Upstart Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.92%.
The historical rank and industry rank for Upstart Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HAM:855'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.67 Med: -1 Max: 12.25
Current: 1.87
During the past 9 years, Upstart Holdings's highest Return-on-Tangible-Asset was 12.25%. The lowest was -12.67%. And the median was -1.00%.
HAM:855's Return-on-Tangible-Asset is ranked worse than 50.92% of 544
companies
in the Credit Services industry
Industry Median: 1.93
vs HAM:855: 1.87
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.
Upstart Holdings Return-on-Tangible-Asset Related Terms
Upstart Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Upstart 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.
HAM:855 vs WU, BFH, AGM.A: Return-on-Tangible-Asset Comparison
For the Credit Services subindustry, Upstart 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.
Upstart Holdings Return-on-Tangible-Asset vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Upstart Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Upstart 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 -0.92% mean?
Upstart Holdings (HAM:855) has a Return-on-Tangible-Asset of -0.92% 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 Upstart Holdings and its competitors. According to the industry distribution chart, Upstart Holdings ranks #277 out of 544 companies in the Credit Services industry, placing it in the top 50.9%.
Is Upstart Holdings' Return-on-Tangible-Asset too high?
Upstart Holdings' current Return-on-Tangible-Asset is -0.92%. Based on the distribution chart, Upstart Holdings ranks #277 out of 544 companies in the Credit Services industry, which is below the industry midpoint. Overall, Upstart Holdings has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Upstart Holdings' Return-on-Tangible-Asset compare to WU and BFH?
According to the Credit Services industry distribution chart, Upstart Holdings ranks #277 out of 544 companies for Return-on-Tangible-Asset. This places Upstart Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.93. 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 Credit Services company?
The median Return-on-Tangible-Asset among Credit Services companies is 1.93, based on 544 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 Upstart Holdings and its competitors. For the Credit Services industry, the median Return-on-Tangible-Asset is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Upstart Holdings's current Return-on-Tangible-Asset is -0.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Upstart Holdings stock overvalued right now?
Based on GuruFocus' analysis, Upstart Holdings (HAM:855) is currently considered Possible Value Trap. The stock's GF Value™ is €52.41, compared to a current price of €28.92 — trading 44.8% below its estimated fair value. The current Return-on-Tangible-Asset is -0.92%. Upstart Holdings' overall GF Score™ is 62/100 with 5 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 Upstart Holdings (HAM:855), the current Return-on-Tangible-Asset is -0.92% 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 Upstart Holdings (HAM:855) Overvalued in 2026?
Based on GuruFocus' analysis, Upstart Holdings stock appears to be undervalued.
The current stock price of €28.92 is trading 44.8% below its estimated GF Value™ of €52.41.
GuruFocus considers Upstart Holdings to be Possible Value Trap.
Key valuation signals for HAM:855:
Return-on-Tangible-Asset: -0.92%
GF Value™: €52.41 vs. price of €28.92 (44.8% below fair value)
No single metric tells the full story. See the HAM:855 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The company support development of different lending product offerings, which are grouped into three operating segments - Personal Lending (unsecured personal loans and small dollar loans), Auto Lending (auto refinance, auto retail loans, and auto secured personal loans), and Other (HELOCs and other).
62GF Score
Get the complete analysis for HAM:855
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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