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. Hertz Global Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was $-1,332 Mil. Hertz Global Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was $18,894 Mil. Therefore, Hertz Global Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -7.05%.
The historical rank and industry rank for Hertz Global Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HTZ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.83 Med: -0.84 Max: 11.97
Current: -3.38
During the past 13 years, Hertz Global Holdings's highest Return-on-Tangible-Asset was 11.97%. The lowest was -14.83%. And the median was -0.84%.
HTZ's Return-on-Tangible-Asset is ranked worse than 79.38% of 1096
companies
in the Business Services industry
Industry Median: 3.92
vs HTZ: -3.38
Hertz Global Holdings (NAS:HTZ) 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.
Hertz Global Holdings Return-on-Tangible-Asset Related Terms
Hertz Global Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hertz Global 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.
Hertz Global Holdings Return-on-Tangible-Asset Chart
HTZ vs ALTG, MWG, AIHS: Return-on-Tangible-Asset Comparison
For the Rental & Leasing Services subindustry, Hertz Global 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.
Hertz Global Holdings Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Hertz Global Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hertz Global 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -7.05% mean?
Hertz Global Holdings (HTZ) has a Return-on-Tangible-Asset of -7.05% 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 Hertz Global Holdings and its competitors. According to the industry distribution chart, Hertz Global Holdings ranks #870 out of 1096 companies in the Business Services industry, placing it in the top 79.4%.
Is Hertz Global Holdings' Return-on-Tangible-Asset too high?
Hertz Global Holdings' current Return-on-Tangible-Asset is -7.05%. Based on the distribution chart, Hertz Global Holdings ranks #870 out of 1096 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Hertz Global Holdings has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hertz Global Holdings' Return-on-Tangible-Asset compare to ALTG and MWG?
According to the Business Services industry distribution chart, Hertz Global Holdings ranks #870 out of 1096 companies for Return-on-Tangible-Asset. This places Hertz Global Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.92. 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.92, based on 1,096 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 Hertz Global Holdings and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hertz Global Holdings's current Return-on-Tangible-Asset is -7.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hertz Global Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hertz Global Holdings (HTZ) is currently considered Possible Value Trap. The stock's GF Value™ is $5.60, compared to a current price of $2.15 — trading 61.7% below its estimated fair value. The current Return-on-Tangible-Asset is -7.05%. Hertz Global Holdings' overall GF Score™ is 59/100 with 9 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 Hertz Global Holdings (HTZ), the current Return-on-Tangible-Asset is -7.05% 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 Hertz Global Holdings (HTZ) Overvalued in 2026?
Based on GuruFocus' analysis, Hertz Global Holdings stock appears to be undervalued.
The current stock price of $2.15 is trading 61.7% below its estimated GF Value™ of $5.60.
GuruFocus considers Hertz Global Holdings to be Possible Value Trap.
Key valuation signals for HTZ:
Return-on-Tangible-Asset: -7.05%
GF Value™: $5.60 vs. price of $2.15 (61.7% below fair value)
No single metric tells the full story. See the HTZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hertz Global Holdings Inc is engaged principally in the business of renting vehicles through its Hertz, Dollar and Thrifty brands. The company has two reportable segments: i) Americas RAC: Rental of vehicles, as well as sales of vehicles and value-added services, in the U.S., Canada, Latin America and the Caribbean, ii) International RAC: Rental of vehicles, as well as sales of vehicles and value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean. The company maintains a substantial network of company-operated rental locations, a majority of which are in Europe, and has franchisees and partners that operate rental locations under brands. Geographical markets include North America, Europe, Pacific Asia, Middle East and Africa, and Latin America.
59GF Score
Get the complete analysis for HTZ
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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