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.
Hyster YaleHY +2.90%68 Return-on-Tangible-Asset is -6.41% as of Mar. 2026. GuruFocus rates HY with a GF Score™ of 68/100 and a GF Value™ of $41.69 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 212 Farm & Heavy Construction Machinery companies, Hyster Yale ranks worse than 86.32% 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. Hyster Yale's annualizedNet Income for the quarter that ended in Mar. 2026 was $-122 Mil. Hyster Yale's average total tangible assets for the quarter that ended in Mar. 2026 was $1,903 Mil. Therefore, Hyster Yale's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -6.41%.
The historical rank and industry rank for Hyster Yale's Return-on-Tangible-Asset or its related term are showing as below:
HY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.75 Med: 2.23 Max: 7.25
Current: -5.1
During the past 13 years, Hyster Yale's highest Return-on-Tangible-Asset was 7.25%. The lowest was -9.75%. And the median was 2.23%.
HY's Return-on-Tangible-Asset is ranked worse than 86.32% of 212
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 3.925
vs HY: -5.10
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.
Hyster Yale Return-on-Tangible-Asset Related Terms
Hyster Yale Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hyster Yale'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.
HY vs WNC, TWI, MTW: Return-on-Tangible-Asset Comparison
For the Farm & Heavy Construction Machinery subindustry, Hyster Yale'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.
Hyster Yale Return-on-Tangible-Asset vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Hyster Yale's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hyster Yale'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 -6.41% mean?
Hyster Yale (HY) has a Return-on-Tangible-Asset of -6.41% 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 Hyster Yale and its competitors. According to the industry distribution chart, Hyster Yale ranks #183 out of 212 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 86.3%.
Is Hyster Yale's Return-on-Tangible-Asset too high?
Hyster Yale's current Return-on-Tangible-Asset is -6.41%. Based on the distribution chart, Hyster Yale ranks #183 out of 212 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Hyster Yale has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hyster Yale's Return-on-Tangible-Asset compare to WNC and TWI?
According to the Farm & Heavy Construction Machinery industry distribution chart, Hyster Yale ranks #183 out of 212 companies for Return-on-Tangible-Asset. This places Hyster Yale in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.93. 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 Farm & Heavy Construction Machinery company?
The median Return-on-Tangible-Asset among Farm & Heavy Construction Machinery companies is 3.93, based on 212 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 Hyster Yale and its competitors. For the Farm & Heavy Construction Machinery industry, the median Return-on-Tangible-Asset is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hyster Yale's current Return-on-Tangible-Asset is -6.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hyster Yale stock overvalued right now?
Based on GuruFocus' analysis, Hyster Yale (HY) is currently considered Modestly Undervalued. The stock's GF Value™ is $41.69, compared to a current price of $36.15 — trading 13.3% below its estimated fair value. The current Return-on-Tangible-Asset is -6.41%. Hyster Yale's overall GF Score™ is 68/100 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 Hyster Yale (HY), the current Return-on-Tangible-Asset is -6.41% 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 Hyster Yale (HY) Overvalued in 2026?
Based on GuruFocus' analysis, Hyster Yale stock appears to be undervalued.
The current stock price of $36.15 is trading 13.3% below its estimated GF Value™ of $41.69.
GuruFocus considers Hyster Yale to be Modestly Undervalued.
Key valuation signals for HY:
Return-on-Tangible-Asset: -6.41%
GF Value™: $41.69 vs. price of $36.15 (13.3% below fair value)
No single metric tells the full story. See the HY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hyster Yale Inc designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments, aftermarket parts, and technology solutions marketed globally under the Hyster and Yale brand names. The company has four segments, which include three in the lift truck business as discussed below, as well as Bolzoni S.p.A. (Bolzoni). The majority of its revenue is generated from Lift Trucks. Geographically, it operates in America, EMEA, and JAPIC regions, of which maximum revenue is generated from its business in America, which includes lift truck operations in the U.S., Canada, Mexico, Brazil, and Latin America.
68GF Score
Get the complete analysis for HY
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
HY has been successfully added to your 
