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.
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.
Horizon Quantum HoldingsHQ -1.29%12 Return-on-Tangible-Asset is -368.79% as of Jun. 2026. GuruFocus rates HQ with a GF Score™ of 12/100. The stock has 2 warning signs investors should review. Among 2,894 Software companies, Horizon Quantum Holdings ranks worse than 95.68% 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. Horizon Quantum Holdings's annualizedNet Income for the quarter that ended in Jun. 2026 was $-237.57 Mil. Horizon Quantum Holdings's average total tangible assets for the quarter that ended in Jun. 2026 was $64.42 Mil. Therefore, Horizon Quantum Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -368.79%.
The historical rank and industry rank for Horizon Quantum Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HQ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -267.21 Med: -39.13 Max: -28.88
Current: -267.21
During the past 3 years, Horizon Quantum Holdings's highest Return-on-Tangible-Asset was -28.88%. The lowest was -267.21%. And the median was -39.13%.
HQ's Return-on-Tangible-Asset is ranked worse than 95.68% of 2894
companies
in the Software industry
Industry Median: 2.095
vs HQ: -267.21
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.
Horizon Quantum Holdings Return-on-Tangible-Asset Related Terms
Horizon Quantum Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Horizon Quantum Holdings'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.
HQ vs CGNT, RPD, OSPN: Return-on-Tangible-Asset Comparison
For the Software - Infrastructure subindustry, Horizon Quantum Holdings'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.
Horizon Quantum Holdings Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Horizon Quantum Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Horizon Quantum Holdings'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of -368.79% mean?
Horizon Quantum Holdings (HQ) has a Return-on-Tangible-Asset of -368.79% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Horizon Quantum Holdings and its competitors. According to the industry distribution chart, Horizon Quantum Holdings ranks #2769 out of 2894 companies in the Software industry, placing it in the top 95.7%.
Is Horizon Quantum Holdings' Return-on-Tangible-Asset too high?
Horizon Quantum Holdings' current Return-on-Tangible-Asset is -368.79%. Based on the distribution chart, Horizon Quantum Holdings ranks #2769 out of 2894 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Horizon Quantum Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Quantum Holdings' Return-on-Tangible-Asset compare to CGNT and RPD?
According to the Software industry distribution chart, Horizon Quantum Holdings ranks #2769 out of 2894 companies for Return-on-Tangible-Asset. This places Horizon Quantum Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.10. 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 2.10, based on 2,894 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 Horizon Quantum Holdings and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Quantum Holdings's current Return-on-Tangible-Asset is -368.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Quantum Holdings stock overvalued right now?
Horizon Quantum Holdings (HQ) has a current Return-on-Tangible-Asset of -368.79%. The current Return-on-Tangible-Asset is -368.79%. Horizon Quantum Holdings' overall GF Score™ is 12/100 with 2 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 Horizon Quantum Holdings (HQ), the current Return-on-Tangible-Asset is -368.79% as of Jun. 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.
Horizon Quantum Holdings Ltd is building software infrastructure to make quantum computers accessible to commercial enterprises and hardware providers. By bridging the gap between hardware and applications, the company seeks to equip developers, researchers, and enterprises with the quantum software infrastructure needed to solve real-world problems. The company is developing tools that can automatically accelerate code written for conventional computers on quantum computers.
12GF Score
Get the complete analysis for HQ
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HQ has been successfully added to your 
