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Hydro OneHRNNF -0.21%74 Return-on-Tangible-Asset is 4.06% as of Mar. 2026, which is 21% above its 10-year median of 3.36. GuruFocus rates HRNNF with a GF Score™ of 74/100 and a GF Value™ of $36.19 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 509 Utilities - Regulated companies, Hydro One ranks better than 54.42% 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. Hydro One's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,140 Mil. Hydro One's average total tangible assets for the quarter that ended in Mar. 2026 was $28,110 Mil. Therefore, Hydro One's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.06%.
The historical rank and industry rank for Hydro One's Return-on-Tangible-Asset or its related term are showing as below:
HRNNF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.28 Med: 3.36 Max: 6.42
Current: 3.65
During the past 13 years, Hydro One's highest Return-on-Tangible-Asset was 6.42%. The lowest was -0.28%. And the median was 3.36%.
HRNNF's Return-on-Tangible-Asset is ranked better than 54.42% of 509
companies
in the Utilities - Regulated industry
Industry Median: 3.3
vs HRNNF: 3.65
Hydro One (OTCPK:HRNNF) 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.
Hydro One Return-on-Tangible-Asset Related Terms
Hydro One Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hydro One'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.
HRNNF vs NEE, SO, DUK: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Electric subindustry, Hydro One'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.
Hydro One Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hydro One's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hydro One'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.06% mean?
Hydro One (HRNNF) has a Return-on-Tangible-Asset of 4.06% 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 Hydro One and its competitors. This is 21% above median its historical median of 3.36. According to the industry distribution chart, Hydro One ranks #232 out of 509 companies in the Utilities - Regulated industry, placing it in the top 45.6%.
Is Hydro One's Return-on-Tangible-Asset too high?
Hydro One's current Return-on-Tangible-Asset of 4.06% is 21% above median its 10-year median of 3.36. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.30. Hydro One's value of 4.06% is 23% above this industry median. Based on the distribution chart, Hydro One ranks #232 out of 509 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Hydro One has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hydro One's Return-on-Tangible-Asset compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Hydro One ranks #232 out of 509 companies for Return-on-Tangible-Asset. This puts Hydro One in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.30. Hydro One's value of 4.06% is 23% above this benchmark. While the company's 10-year median is 3.36 vs. the industry median of 3.30, Hydro One 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.30, based on 509 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. Hydro One's current Return-on-Tangible-Asset of 4.06% is 23% 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 Hydro One and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hydro One's current Return-on-Tangible-Asset is 4.06%, which is 21% above median its own 10-year median of 3.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hydro One stock overvalued right now?
Based on GuruFocus' analysis, Hydro One (HRNNF) is currently considered Modestly Overvalued. The stock's GF Value™ is $36.19, compared to a current price of $42.32 — trading 16.9% above its estimated fair value. The current Return-on-Tangible-Asset is 4.06%, which is 21% above median its 10-year median of 3.36 and 23% above the Utilities - Regulated industry median of 3.30. Hydro One's overall GF Score™ is 74/100 with 10 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 Hydro One (HRNNF), the current Return-on-Tangible-Asset is 4.06% 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 Hydro One (HRNNF) Overvalued in 2026?
Based on GuruFocus' analysis, Hydro One stock appears to be overvalued.
The current stock price of $42.32 is trading 16.9% above its estimated GF Value™ of $36.19.
GuruFocus considers Hydro One to be Modestly Overvalued.
Key valuation signals for HRNNF:
Return-on-Tangible-Asset: 4.06% (21% above median its 10-year median of 3.36)
GF Value™: $36.19 vs. price of $42.32 (16.9% above fair value)
Industry Position: 23% above the Utilities - Regulated median (#232 of 509)
No single metric tells the full story. See the HRNNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47.5% common equity stake.
74GF Score
Get the complete analysis for HRNNF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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