Medical Properties Trust (HAM:M3P) Return-on-Tangible-Asset: 0.89% (As of Mar. 2026) — 74% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:M3P Medical Properties Trust Inc HAM:M3P
49 GF Score
Price €4.18
GF Value €4.66
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Medical Properties Trust Return-on-Tangible-Asset?

Medical Properties Trust HAM:M3P +0.72% 49 Return-on-Tangible-Asset is 0.89% as of Mar. 2026, which is 74% below its 10-year median of 3.36. GuruFocus rates HAM:M3P with a GF Score™ of 49/100 and a GF Value™ of €4.66 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 933 REITs companies, Medical Properties Trust ranks worse than 84.03% 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. Medical Properties Trust's annualized Net Income for the quarter that ended in Mar. 2026 was €113.6 Mil. Medical Properties Trust's average total tangible assets for the quarter that ended in Mar. 2026 was €12,790.6 Mil. Therefore, Medical Properties Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.89%.

The historical rank and industry rank for Medical Properties Trust's Return-on-Tangible-Asset or its related term are showing as below:

HAM:M3P' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.79   Med: 3.36   Max: 11.38
Current: -0.84

During the past 13 years, Medical Properties Trust's highest Return-on-Tangible-Asset was 11.38%. The lowest was -14.79%. And the median was 3.36%.

HAM:M3P's Return-on-Tangible-Asset is ranked worse than
84.03% of 933 companies
in the REITs industry
Industry Median: 3.27 vs HAM:M3P: -0.84

Medical Properties Trust  (HAM:M3P) 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 company’s 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 company’s 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.


Medical Properties Trust Return-on-Tangible-Asset Related Terms


Medical Properties Trust Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Medical Properties Trust'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.

Medical Properties Trust Return-on-Tangible-Asset Chart

Medical Properties Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.63 4.64 -2.89 -15.13 -1.79

Medical Properties Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.20 -2.54 -2.05 0.46 0.89

HAM:M3P vs DHC, LTC, SILA: Return-on-Tangible-Asset Comparison

For the REIT - Healthcare Facilities subindustry, Medical Properties Trust'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.


Medical Properties Trust Return-on-Tangible-Asset vs REITs Industry

For the REITs industry and Real Estate sector, Medical Properties Trust's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Medical Properties Trust's Return-on-Tangible-Asset falls into.


HAM:M3P
49GF Score
Medical Properties Trust Inc HAM:M3P
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Medical Properties Trust Return-on-Tangible-Asset Calculation

Medical Properties Trust's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-236.6/( (13651.337+12811.516)/ 2 )
=-236.6/13231.4265
=-1.79 %

Medical Properties Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=113.58/( (12811.516+12769.716)/ 2 )
=113.58/12790.616
=0.89 %

* 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 0.89% mean?
Medical Properties Trust (HAM:M3P) has a Return-on-Tangible-Asset of 0.89% 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 Medical Properties Trust and its competitors. This is 74% below median its historical median of 3.36. According to the industry distribution chart, Medical Properties Trust ranks #784 out of 933 companies in the REITs industry, placing it in the top 84%.
Is Medical Properties Trust's Return-on-Tangible-Asset too high?
Medical Properties Trust's current Return-on-Tangible-Asset of 0.89% is 74% below median its 10-year median of 3.36. The REITs industry median Return-on-Tangible-Asset is 3.27. Medical Properties Trust's value of 0.89% is 72.8% below this industry median. Based on the distribution chart, Medical Properties Trust ranks #784 out of 933 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Medical Properties Trust has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Medical Properties Trust's Return-on-Tangible-Asset compare to DHC and LTC?
According to the REITs industry distribution chart, Medical Properties Trust ranks #784 out of 933 companies for Return-on-Tangible-Asset. This places Medical Properties Trust in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.27. Medical Properties Trust's value of 0.89% is 72.8% below this benchmark. While the company's 10-year median is 3.36 vs. the industry median of 3.27, Medical Properties Trust has consistently been below 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 933 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. Medical Properties Trust's current Return-on-Tangible-Asset of 0.89% is 72.8% below 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 Medical Properties Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medical Properties Trust's current Return-on-Tangible-Asset is 0.89%, which is 74% below median its own 10-year median of 3.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medical Properties Trust stock overvalued right now?
Based on GuruFocus' analysis, Medical Properties Trust (HAM:M3P) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.66, compared to a current price of €4.18 — trading 10.4% below its estimated fair value. The current Return-on-Tangible-Asset is 0.89%, which is 74% below median its 10-year median of 3.36 and 72.8% below the REITs industry median of 3.27. Medical Properties Trust's overall GF Score™ is 49/100 with 8 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 Medical Properties Trust (HAM:M3P), the current Return-on-Tangible-Asset is 0.89% 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 Medical Properties Trust (HAM:M3P) Overvalued in 2026?

Based on GuruFocus' analysis, Medical Properties Trust stock appears to be undervalued. The current stock price of €4.18 is trading 10.4% below its estimated GF Value™ of €4.66. GuruFocus considers Medical Properties Trust to be Modestly Undervalued.

Key valuation signals for HAM:M3P:

  • Return-on-Tangible-Asset: 0.89% (74% below median its 10-year median of 3.36)
  • GF Value™: €4.66 vs. price of €4.18 (10.4% below fair value)
  • GF Score™: 49/100 with 8 warning signs
  • Industry Position: 72.8% below the REITs median (#784 of 933)

No single metric tells the full story. See the HAM:M3P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Medical Properties Trust Business Description

Industry Real EstateREITs
Address 10500 Liberty Parkway, Birmingham, AL, USA, 35242
Medical Properties Trust Inc acquires and develops net-leased healthcare facilities. Its investments in healthcare real estate, other loans, and any investments in tenants are considered a single reportable segment. Its business strategy is to acquire and develop healthcare facilities and lease the facilities to healthcare operating companies under long-term net leases, which require the tenant to bear of the costs associated with the property. The group's geographic areas are the United States, the United Kingdom, and All other countries.
49GF Score

Get the complete analysis for HAM:M3P

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.18
Price
€4.66
GF Value