Lechwerke AGHAM:LEC 58 Return-on-Tangible-Asset is 6.93% as of Dec. 2025, which is 6% above its 10-year median of 6.53. GuruFocus rates HAM:LEC with a GF Score™ of 58/100 and a GF Value™ of €45.18 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 509 Utilities - Regulated companies, Lechwerke AG ranks better than 72.89% 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. Lechwerke AG's annualizedNet Income for the quarter that ended in Dec. 2025 was €120.7 Mil. Lechwerke AG's average total tangible assets for the quarter that ended in Dec. 2025 was €1,740.6 Mil. Therefore, Lechwerke AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 6.93%.
The historical rank and industry rank for Lechwerke AG's Return-on-Tangible-Asset or its related term are showing as below:
HAM:LEC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.19 Med: 6.53 Max: 7.71
Current: 5.69
During the past 13 years, Lechwerke AG's highest Return-on-Tangible-Asset was 7.71%. The lowest was 1.19%. And the median was 6.53%.
HAM:LEC's Return-on-Tangible-Asset is ranked better than 72.89% of 509
companies
in the Utilities - Regulated industry
Industry Median: 3.3
vs HAM:LEC: 5.69
Lechwerke AG (HAM:LEC) 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.
Lechwerke AG Return-on-Tangible-Asset Related Terms
Lechwerke AG Return-on-Tangible-Asset Historical Data
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The historical data trend for Lechwerke AG'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:LEC vs SRE, AES: Return-on-Tangible-Asset Comparison
For the Utilities - Diversified subindustry, Lechwerke AG'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.
Lechwerke AG Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Lechwerke AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Lechwerke AG'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 6.93% mean?
Lechwerke AG (HAM:LEC) has a Return-on-Tangible-Asset of 6.93% 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 Lechwerke AG and its competitors. This is near median its historical median of 6.53. Over the past decade, Lechwerke AG's Return-on-Tangible-Asset has ranged from 1.19 to 7.71. According to the industry distribution chart, Lechwerke AG ranks #138 out of 509 companies in the Utilities - Regulated industry, placing it in the top 27.1%.
Is Lechwerke AG's Return-on-Tangible-Asset too high?
Lechwerke AG's current Return-on-Tangible-Asset of 6.93% is near median its 10-year median of 6.53. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 7.71. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.30. Lechwerke AG's value of 6.93% is 110% above this industry median. Based on the distribution chart, Lechwerke AG ranks #138 out of 509 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Lechwerke AG has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lechwerke AG's Return-on-Tangible-Asset compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Lechwerke AG ranks #138 out of 509 companies for Return-on-Tangible-Asset. This puts Lechwerke AG in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.30. Lechwerke AG's value of 6.93% is 110% above this benchmark. Historically, Lechwerke AG's own Return-on-Tangible-Asset has ranged from 1.19 to 7.71 over the past decade. While the company's 10-year median is 6.53 vs. the industry median of 3.30, Lechwerke AG 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.30, based on 509 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. Lechwerke AG's current Return-on-Tangible-Asset of 6.93% is 110% 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 Lechwerke AG and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lechwerke AG's current Return-on-Tangible-Asset is 6.93%, which is near median its own 10-year median of 6.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lechwerke AG stock overvalued right now?
Based on GuruFocus' analysis, Lechwerke AG (HAM:LEC) is currently considered Significantly Overvalued. The stock's GF Value™ is €45.18, compared to a current price of €68.00 — trading 50.5% above its estimated fair value. The current Return-on-Tangible-Asset is 6.93%, which is near median its 10-year median of 6.53 and 110% above the Utilities - Regulated industry median of 3.30. Lechwerke AG's overall GF Score™ is 58/100 with 6 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 Lechwerke AG (HAM:LEC), the current Return-on-Tangible-Asset is 6.93% 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.
Is Lechwerke AG (HAM:LEC) Overvalued in 2026?
Based on GuruFocus' analysis, Lechwerke AG stock appears to be overvalued.
The current stock price of €68.00 is trading 50.5% above its estimated GF Value™ of €45.18.
GuruFocus considers Lechwerke AG to be Significantly Overvalued.
Key valuation signals for HAM:LEC:
Return-on-Tangible-Asset: 6.93% (near median its 10-year median of 6.53)
GF Value™: €45.18 vs. price of €68.00 (50.5% above fair value)
Industry Position: 110% above the Utilities - Regulated median (#138 of 509)
No single metric tells the full story. See the HAM:LEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lechwerke AG is a regional energy supplier in Bavaria and parts of Baden-Wurttemberg. The company offers both electricity and gas products as well as all energy-related services such as contracting, energy certificates and energy controlling. The company also works in the field of street lighting as well as the development and implementation of energy efficiency projects and comprehensive energy concepts.
58GF 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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