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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.
High TideHITI +3.45%68 Return-on-Tangible-Asset is -0.36% as of Apr. 2026. GuruFocus rates HITI with a GF Score™ of 68/100 and a GF Value™ of $2.78 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 680 Healthcare Providers & Services companies, High Tide ranks worse than 80.88% 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. High Tide's annualizedNet Income for the quarter that ended in Apr. 2026 was $-0.6 Mil. High Tide's average total tangible assets for the quarter that ended in Apr. 2026 was $160.7 Mil. Therefore, High Tide's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was -0.36%.
The historical rank and industry rank for High Tide's Return-on-Tangible-Asset or its related term are showing as below:
HITI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -98.18 Med: -27.22 Max: 2.66
Current: -22.6
During the past 9 years, High Tide's highest Return-on-Tangible-Asset was 2.66%. The lowest was -98.18%. And the median was -27.22%.
HITI's Return-on-Tangible-Asset is ranked worse than 80.88% of 680
companies
in the Healthcare Providers & Services industry
Industry Median: 2.595
vs HITI: -22.60
High Tide (NAS:HITI) 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.
High Tide Return-on-Tangible-Asset Related Terms
High Tide Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for High Tide'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.
High Tide Return-on-Tangible-Asset Competitor Comparison
For the Pharmaceutical Retailers subindustry, High Tide'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.
High Tide Return-on-Tangible-Asset vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, High Tide's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where High Tide'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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of -0.36% mean?
High Tide (HITI) has a Return-on-Tangible-Asset of -0.36% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on High Tide and its competitors. According to the industry distribution chart, High Tide ranks #550 out of 680 companies in the Healthcare Providers & Services industry, placing it in the top 80.9%.
Is High Tide's Return-on-Tangible-Asset too high?
High Tide's current Return-on-Tangible-Asset is -0.36%. Based on the distribution chart, High Tide ranks #550 out of 680 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, High Tide has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does High Tide's Return-on-Tangible-Asset compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, High Tide ranks #550 out of 680 companies for Return-on-Tangible-Asset. This places High Tide in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.60. 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Asset among Healthcare Providers & Services companies is 2.60, based on 680 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. 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 High Tide and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Asset is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. High Tide's current Return-on-Tangible-Asset is -0.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Tide stock overvalued right now?
Based on GuruFocus' analysis, High Tide (HITI) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.78, compared to a current price of $2.40 — trading 13.7% below its estimated fair value. The current Return-on-Tangible-Asset is -0.36%. High Tide's overall GF Score™ is 68/100 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 High Tide (HITI), the current Return-on-Tangible-Asset is -0.36% as of Apr. 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 High Tide (HITI) Overvalued in 2026?
Based on GuruFocus' analysis, High Tide stock appears to be undervalued.
The current stock price of $2.40 is trading 13.7% below its estimated GF Value™ of $2.78.
GuruFocus considers High Tide to be Modestly Undervalued.
Key valuation signals for HITI:
Return-on-Tangible-Asset: -0.36%
GF Value™: $2.78 vs. price of $2.40 (13.7% below fair value)
No single metric tells the full story. See the HITI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically integrated company in the Canadian cannabis market with various brands in its portfolio such as Canna Cabana, Fastendr, Queen of Bud, Grasscity, Daily High Club, and others. The company's reportable operating segments are: Bricks and mortar, which generates maximum revenue, and E-commerce. Geographically, it derives maximum revenue from its business in Canada, followed by the United States of America, and other international markets.
68GF Score
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