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Heidelberg Materials AGHDLMY -1.05%78 Return-on-Tangible-Asset is 9.68% as of Dec. 2025, which is 72% above its 10-year median of 5.62. GuruFocus rates HDLMY with a GF Score™ of 78/100 and a GF Value™ of $24.45 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 410 Building Materials companies, Heidelberg Materials AG ranks better than 79.02% 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. Heidelberg Materials AG's annualizedNet Income for the quarter that ended in Dec. 2025 was $2,938 Mil. Heidelberg Materials AG's average total tangible assets for the quarter that ended in Dec. 2025 was $30,363 Mil. Therefore, Heidelberg Materials AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 9.68%.
The historical rank and industry rank for Heidelberg Materials AG's Return-on-Tangible-Asset or its related term are showing as below:
HDLMY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.59 Med: 5.62 Max: 7.5
Current: 7.27
During the past 13 years, Heidelberg Materials AG's highest Return-on-Tangible-Asset was 7.50%. The lowest was -8.59%. And the median was 5.62%.
HDLMY's Return-on-Tangible-Asset is ranked better than 79.02% of 410
companies
in the Building Materials industry
Industry Median: 2.345
vs HDLMY: 7.27
Heidelberg Materials AG (OTCPK:HDLMY) 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.
Heidelberg Materials AG Return-on-Tangible-Asset Related Terms
Heidelberg Materials AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Heidelberg Materials 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.
Heidelberg Materials AG Return-on-Tangible-Asset Chart
HDLMY vs CRH, VMC, MLM: Return-on-Tangible-Asset Comparison
For the Building Materials subindustry, Heidelberg Materials 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.
Heidelberg Materials AG Return-on-Tangible-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Heidelberg Materials AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Heidelberg Materials 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 9.68% mean?
Heidelberg Materials AG (HDLMY) has a Return-on-Tangible-Asset of 9.68% 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 Heidelberg Materials AG and its competitors. This is 72% above median its historical median of 5.62. According to the industry distribution chart, Heidelberg Materials AG ranks #86 out of 410 companies in the Building Materials industry, placing it in the top 21%.
Is Heidelberg Materials AG's Return-on-Tangible-Asset too high?
Heidelberg Materials AG's current Return-on-Tangible-Asset of 9.68% is 72% above median its 10-year median of 5.62. The Building Materials industry median Return-on-Tangible-Asset is 2.35. Heidelberg Materials AG's value of 9.68% is 312.8% above this industry median. Based on the distribution chart, Heidelberg Materials AG ranks #86 out of 410 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Heidelberg Materials AG has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heidelberg Materials AG's Return-on-Tangible-Asset compare to CRH and VMC?
According to the Building Materials industry distribution chart, Heidelberg Materials AG ranks #86 out of 410 companies for Return-on-Tangible-Asset. This places Heidelberg Materials AG in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.35. Heidelberg Materials AG's value of 9.68% is 312.8% above this benchmark. While the company's 10-year median is 5.62 vs. the industry median of 2.35, Heidelberg Materials 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 a Building Materials company?
The median Return-on-Tangible-Asset among Building Materials companies is 2.35, based on 410 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. Heidelberg Materials AG's current Return-on-Tangible-Asset of 9.68% is 312.8% 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 Heidelberg Materials AG and its competitors. For the Building Materials industry, the median Return-on-Tangible-Asset is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heidelberg Materials AG's current Return-on-Tangible-Asset is 9.68%, which is 72% above median its own 10-year median of 5.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heidelberg Materials AG stock overvalued right now?
Based on GuruFocus' analysis, Heidelberg Materials AG (HDLMY) is currently considered Significantly Overvalued. The stock's GF Value™ is $24.45, compared to a current price of $39.54 — trading 61.7% above its estimated fair value. The current Return-on-Tangible-Asset is 9.68%, which is 72% above median its 10-year median of 5.62 and 312.8% above the Building Materials industry median of 2.35. Heidelberg Materials AG's overall GF Score™ is 78/100 with 4 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 Heidelberg Materials AG (HDLMY), the current Return-on-Tangible-Asset is 9.68% 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 Heidelberg Materials AG (HDLMY) Overvalued in 2026?
Based on GuruFocus' analysis, Heidelberg Materials AG stock appears to be overvalued.
The current stock price of $39.54 is trading 61.7% above its estimated GF Value™ of $24.45.
GuruFocus considers Heidelberg Materials AG to be Significantly Overvalued.
Key valuation signals for HDLMY:
Return-on-Tangible-Asset: 9.68% (72% above median its 10-year median of 5.62)
GF Value™: $24.45 vs. price of $39.54 (61.7% above fair value)
Industry Position: 312.8% above the Building Materials median (#86 of 410)
No single metric tells the full story. See the HDLMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heidelberg Materials is one of the world's largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. Europe is the company's largest market contributing nearly half of group sales. Heidelberg Materials is listed in Germany and has 55,000 employees.
78GF 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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