Corticeira Amorim SGPSHAM:AS4 -0.31%67 Return-on-Tangible-Asset is 5.24% as of Mar. 2026, which is 31% below its 10-year median of 7.60. GuruFocus rates HAM:AS4 with a GF Score™ of 67/100 and a GF Value™ of €7.63. The stock has 5 warning signs investors should review. Among 287 Forest Products companies, Corticeira Amorim SGPS ranks better than 77.7% 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. Corticeira Amorim SGPS's annualizedNet Income for the quarter that ended in Mar. 2026 was €61.4 Mil. Corticeira Amorim SGPS's average total tangible assets for the quarter that ended in Mar. 2026 was €1,172.5 Mil. Therefore, Corticeira Amorim SGPS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.24%.
The historical rank and industry rank for Corticeira Amorim SGPS's Return-on-Tangible-Asset or its related term are showing as below:
HAM:AS4'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.86 Med: 7.6 Max: 14.8
Current: 3.86
During the past 13 years, Corticeira Amorim SGPS's highest Return-on-Tangible-Asset was 14.80%. The lowest was 3.86%. And the median was 7.60%.
HAM:AS4's Return-on-Tangible-Asset is ranked better than 77.7% of 287
companies
in the Forest Products industry
Industry Median: 0.98
vs HAM:AS4: 3.86
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.
Corticeira Amorim SGPS Return-on-Tangible-Asset Related Terms
Corticeira Amorim SGPS Return-on-Tangible-Asset Historical Data
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The historical data trend for Corticeira Amorim SGPS'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:AS4 vs SSD, UFPI, BCC: Return-on-Tangible-Asset Comparison
For the Lumber & Wood Production subindustry, Corticeira Amorim SGPS'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.
Corticeira Amorim SGPS Return-on-Tangible-Asset vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Corticeira Amorim SGPS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Corticeira Amorim SGPS'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 5.24% mean?
Corticeira Amorim SGPS (HAM:AS4) has a Return-on-Tangible-Asset of 5.24% 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 Corticeira Amorim SGPS and its competitors. This is 31% below median its historical median of 7.60. Over the past decade, Corticeira Amorim SGPS's Return-on-Tangible-Asset has ranged from 3.86 to 14.80. According to the industry distribution chart, Corticeira Amorim SGPS ranks #64 out of 287 companies in the Forest Products industry, placing it in the top 22.3%.
Is Corticeira Amorim SGPS's Return-on-Tangible-Asset too high?
Corticeira Amorim SGPS's current Return-on-Tangible-Asset of 5.24% is 31% below median its 10-year median of 7.60. Over the past 10 years, this metric has ranged from a low of 3.86 to a high of 14.80. The Forest Products industry median Return-on-Tangible-Asset is 0.98. Corticeira Amorim SGPS's value of 5.24% is 434.7% above this industry median. Based on the distribution chart, Corticeira Amorim SGPS ranks #64 out of 287 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Corticeira Amorim SGPS has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Corticeira Amorim SGPS's Return-on-Tangible-Asset compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Corticeira Amorim SGPS ranks #64 out of 287 companies for Return-on-Tangible-Asset. This places Corticeira Amorim SGPS in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.98. Corticeira Amorim SGPS's value of 5.24% is 434.7% above this benchmark. Historically, Corticeira Amorim SGPS's own Return-on-Tangible-Asset has ranged from 3.86 to 14.80 over the past decade. While the company's 10-year median is 7.60 vs. the industry median of 0.98, Corticeira Amorim SGPS 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 Forest Products company?
The median Return-on-Tangible-Asset among Forest Products companies is 0.98, based on 287 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. Corticeira Amorim SGPS's current Return-on-Tangible-Asset of 5.24% is 434.7% 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 Corticeira Amorim SGPS and its competitors. For the Forest Products industry, the median Return-on-Tangible-Asset is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Corticeira Amorim SGPS's current Return-on-Tangible-Asset is 5.24%, which is 31% below median its own 10-year median of 7.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corticeira Amorim SGPS stock overvalued right now?
Corticeira Amorim SGPS (HAM:AS4) has a current Return-on-Tangible-Asset of 5.24%. The stock's GF Value™ is €7.63, compared to a current price of €6.38 — trading 16.4% below its estimated fair value. The current Return-on-Tangible-Asset is 5.24%, which is 31% below median its 10-year median of 7.60 and 434.7% above the Forest Products industry median of 0.98. Corticeira Amorim SGPS's overall GF Score™ is 67/100 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 Corticeira Amorim SGPS (HAM:AS4), the current Return-on-Tangible-Asset is 5.24% 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 Corticeira Amorim SGPS (HAM:AS4) Overvalued in 2026?
Based on GuruFocus' analysis, Corticeira Amorim SGPS stock appears to be undervalued.
The current stock price of €6.38 is trading 16.4% below its estimated GF Value™ of €7.63.
Key valuation signals for HAM:AS4:
Return-on-Tangible-Asset: 5.24% (31% below median its 10-year median of 7.60)
GF Value™: €7.63 vs. price of €6.38 (16.4% below fair value)
Industry Position: 434.7% above the Forest Products median (#64 of 287)
No single metric tells the full story. See the HAM:AS4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Corticeira Amorim SGPS SA is mainly engaged in the acquisition and transformation of cork into a numerous set of cork and cork-related products, which are distributed through its network of sales companies. Its business units are Amorim Florestal, Amorim Cork, and Amorim Cork Solutions. It derives the majority of the revenue from Amorim Cork segment which produces different types of existing cork stoppers. The main markets are the bottling countries, from the traditional ones like France, Italy, Germany, Spain and Portugal, to the new markets like USA, Australia, Chile, South Africa and Argentina. Geographically, its operations are spread across EU, USA, Rest of America, Australasia, Portugal, Africa, and Rest of Europe.
67GF Score
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