Henkel AG KGaAHENOF +15.22%77 Return-on-Tangible-Asset is 12.11% as of Dec. 2025, which is 6% below its 10-year median of 12.84. GuruFocus rates HENOF with a GF Score™ of 77/100 and a GF Value™ of $83.23 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,988 Consumer Packaged Goods companies, Henkel AG KGaA ranks better than 87.73% 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. Henkel AG KGaA's annualizedNet Income for the quarter that ended in Dec. 2025 was $2,166 Mil. Henkel AG KGaA's average total tangible assets for the quarter that ended in Dec. 2025 was $17,888 Mil. Therefore, Henkel AG KGaA's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 12.11%.
The historical rank and industry rank for Henkel AG KGaA's Return-on-Tangible-Asset or its related term are showing as below:
HENOF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.94 Med: 12.84 Max: 20.12
Current: 12.92
During the past 13 years, Henkel AG KGaA's highest Return-on-Tangible-Asset was 20.12%. The lowest was 7.94%. And the median was 12.84%.
HENOF's Return-on-Tangible-Asset is ranked better than 87.73% of 1988
companies
in the Consumer Packaged Goods industry
Industry Median: 3.38
vs HENOF: 12.92
Henkel AG KGaA (OTCPK:HENOF) 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.
Henkel AG KGaA Return-on-Tangible-Asset Related Terms
Henkel AG KGaA Return-on-Tangible-Asset Historical Data
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The historical data trend for Henkel AG KGaA'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.
HENOF vs PG, CL, KVUE: Return-on-Tangible-Asset Comparison
For the Household & Personal Products subindustry, Henkel AG KGaA'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.
Henkel AG KGaA Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Henkel AG KGaA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Henkel AG KGaA'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 12.11% mean?
Henkel AG KGaA (HENOF) has a Return-on-Tangible-Asset of 12.11% 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 Henkel AG KGaA and its competitors. This is near median its historical median of 12.84. Over the past decade, Henkel AG KGaA's Return-on-Tangible-Asset has ranged from 7.94 to 20.12. According to the industry distribution chart, Henkel AG KGaA ranks #244 out of 1988 companies in the Consumer Packaged Goods industry, placing it in the top 12.3%.
Is Henkel AG KGaA's Return-on-Tangible-Asset too high?
Henkel AG KGaA's current Return-on-Tangible-Asset of 12.11% is near median its 10-year median of 12.84. Over the past 10 years, this metric has ranged from a low of 7.94 to a high of 20.12. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.38. Henkel AG KGaA's value of 12.11% is 258.3% above this industry median. Based on the distribution chart, Henkel AG KGaA ranks #244 out of 1988 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Henkel AG KGaA has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Henkel AG KGaA's Return-on-Tangible-Asset compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Henkel AG KGaA ranks #244 out of 1988 companies for Return-on-Tangible-Asset. This places Henkel AG KGaA in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.38. Henkel AG KGaA's value of 12.11% is 258.3% above this benchmark. Historically, Henkel AG KGaA's own Return-on-Tangible-Asset has ranged from 7.94 to 20.12 over the past decade. While the company's 10-year median is 12.84 vs. the industry median of 3.38, Henkel AG KGaA 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.38, based on 1,988 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. Henkel AG KGaA's current Return-on-Tangible-Asset of 12.11% is 258.3% 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 Henkel AG KGaA and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Henkel AG KGaA's current Return-on-Tangible-Asset is 12.11%, which is near median its own 10-year median of 12.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henkel AG KGaA stock overvalued right now?
Based on GuruFocus' analysis, Henkel AG KGaA (HENOF) is currently considered Fairly Valued. The stock's GF Value™ is $83.23, compared to a current price of $86.00 — trading 3.3% above its estimated fair value. The current Return-on-Tangible-Asset is 12.11%, which is near median its 10-year median of 12.84 and 258.3% above the Consumer Packaged Goods industry median of 3.38. Henkel AG KGaA's overall GF Score™ is 77/100 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 Henkel AG KGaA (HENOF), the current Return-on-Tangible-Asset is 12.11% 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 Henkel AG KGaA (HENOF) Overvalued in 2026?
Based on GuruFocus' analysis, Henkel AG KGaA stock appears to be overvalued.
The current stock price of $86.00 is trading 3.3% above its estimated GF Value™ of $83.23.
GuruFocus considers Henkel AG KGaA to be Fairly Valued.
Key valuation signals for HENOF:
Return-on-Tangible-Asset: 12.11% (near median its 10-year median of 12.84)
GF Value™: $83.23 vs. price of $86.00 (3.3% above fair value)
Industry Position: 258.3% above the Consumer Packaged Goods median (#244 of 1988)
No single metric tells the full story. See the HENOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Two distinct customer groups constitute Henkel. The consumer segment (around 47% of consolidated 2025 sales) is laundry and homecare, including the Persil and Purex laundry detergent brands; haircare, including the Schwarzkopf brand; and other brands, including Dial in hand soap. The adhesive technologies segment makes up the remaining 53% of sales. Sales in Europe accounted for 38% of the firm's consolidated total in 2025, while Asia-Pacific and North America accounted for 17% and 26%, respectively.
77GF Score
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