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ICO GroupHKSE:01460 60 Return-on-Tangible-Asset is 3.05% as of Mar. 2026, which is 32% above its 10-year median of 2.31. GuruFocus rates HKSE:01460 with a GF Score™ of 60/100 and a GF Value™ of HK$0.25 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,898 Software companies, ICO Group ranks better than 52.69% 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. ICO Group's annualizedNet Income for the quarter that ended in Mar. 2026 was HK$31 Mil. ICO Group's average total tangible assets for the quarter that ended in Mar. 2026 was HK$1,014 Mil. Therefore, ICO Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.05%.
The historical rank and industry rank for ICO Group's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:01460'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.87 Med: 2.31 Max: 20.01
Current: 2.82
During the past 13 years, ICO Group's highest Return-on-Tangible-Asset was 20.01%. The lowest was -3.87%. And the median was 2.31%.
HKSE:01460's Return-on-Tangible-Asset is ranked better than 52.69% of 2898
companies
in the Software industry
Industry Median: 2.035
vs HKSE:01460: 2.82
ICO Group (HKSE:01460) 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.
ICO Group Return-on-Tangible-Asset Related Terms
ICO Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ICO Group'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.
HKSE:01460 vs IBM, ACN, CTSH: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, ICO Group'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.
ICO Group Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, ICO Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ICO Group'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.05% mean?
ICO Group (HKSE:01460) has a Return-on-Tangible-Asset of 3.05% 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 ICO Group and its competitors. This is 32% above median its historical median of 2.31. According to the industry distribution chart, ICO Group ranks #1371 out of 2898 companies in the Software industry, placing it in the top 47.3%.
Is ICO Group's Return-on-Tangible-Asset too high?
ICO Group's current Return-on-Tangible-Asset of 3.05% is 32% above median its 10-year median of 2.31. The Software industry median Return-on-Tangible-Asset is 2.04. ICO Group's value of 3.05% is 49.9% above this industry median. Based on the distribution chart, ICO Group ranks #1371 out of 2898 companies in the Software industry, which is above the industry midpoint. Overall, ICO Group has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ICO Group's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, ICO Group ranks #1371 out of 2898 companies for Return-on-Tangible-Asset. This puts ICO Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.04. ICO Group's value of 3.05% is 49.9% above this benchmark. While the company's 10-year median is 2.31 vs. the industry median of 2.04, ICO Group 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.04, based on 2,898 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. ICO Group's current Return-on-Tangible-Asset of 3.05% is 49.9% 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 ICO Group and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICO Group's current Return-on-Tangible-Asset is 3.05%, which is 32% above median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICO Group stock overvalued right now?
Based on GuruFocus' analysis, ICO Group (HKSE:01460) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.25, compared to a current price of HK$0.24 — trading 3.6% below its estimated fair value. The current Return-on-Tangible-Asset is 3.05%, which is 32% above median its 10-year median of 2.31 and 49.9% above the Software industry median of 2.04. ICO Group's overall GF Score™ is 60/100 with 3 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 ICO Group (HKSE:01460), the current Return-on-Tangible-Asset is 3.05% 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 ICO Group (HKSE:01460) Overvalued in 2026?
Based on GuruFocus' analysis, ICO Group stock appears to be undervalued.
The current stock price of HK$0.24 is trading 3.6% below its estimated GF Value™ of HK$0.25.
GuruFocus considers ICO Group to be Fairly Valued.
Key valuation signals for HKSE:01460:
Return-on-Tangible-Asset: 3.05% (32% above median its 10-year median of 2.31)
GF Value™: HK$0.25 vs. price of HK$0.24 (3.6% below fair value)
Industry Position: 49.9% above the Software median (#1371 of 2898)
No single metric tells the full story. See the HKSE:01460 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICO Group Ltd, along with its subsidiaries, is engaged in the provision of Information technology (IT) solutions and services. The business activity of the group functions through IT application and solution development, IT infrastructure solutions, IT secondment services, IT maintenance and support services, and Property leasing reportable business segments. The group derives a majority of its revenue from the IT Infrastructure solutions segment, which provides design and implementation of IT application solution services and procurement of third-party hardware and software. Geographically, it generates maximum revenue from Hong Kong, and the rest from Malaysia.
60GF Score
Get the complete analysis for HKSE:01460
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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