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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.
Valneva SEINRLF 56 Return-on-Tangible-Asset is -35.07% as of Mar. 2026. GuruFocus rates INRLF with a GF Score™ of 56/100 and a GF Value™ of $2.95 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,416 Biotechnology companies, Valneva SE ranks better than 52.26% 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. Valneva SE's annualizedNet Income for the quarter that ended in Mar. 2026 was $-148.3 Mil. Valneva SE's average total tangible assets for the quarter that ended in Mar. 2026 was $423.0 Mil. Therefore, Valneva SE's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -35.07%.
The historical rank and industry rank for Valneva SE's Return-on-Tangible-Asset or its related term are showing as below:
INRLF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -33.53 Med: -16 Max: 2
Current: -33.53
During the past 13 years, Valneva SE's highest Return-on-Tangible-Asset was 2.00%. The lowest was -33.53%. And the median was -16.00%.
INRLF's Return-on-Tangible-Asset is ranked better than 52.26% of 1416
companies
in the Biotechnology industry
Industry Median: -35.915
vs INRLF: -33.53
Valneva SE (OTCPK:INRLF) 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.
Valneva SE Return-on-Tangible-Asset Related Terms
Valneva SE Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Valneva SE'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.
INRLF vs VRTX, REGN, ALNY: Return-on-Tangible-Asset Comparison
For the Biotechnology subindustry, Valneva SE'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.
Valneva SE Return-on-Tangible-Asset vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Valneva SE's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Valneva SE'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 -35.07% mean?
Valneva SE (INRLF) has a Return-on-Tangible-Asset of -35.07% 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 Valneva SE and its competitors. According to the industry distribution chart, Valneva SE ranks #676 out of 1416 companies in the Biotechnology industry, placing it in the top 47.7%.
Is Valneva SE's Return-on-Tangible-Asset too high?
Valneva SE's current Return-on-Tangible-Asset is -35.07%. Based on the distribution chart, Valneva SE ranks #676 out of 1416 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Valneva SE has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Valneva SE's Return-on-Tangible-Asset compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Valneva SE ranks #676 out of 1416 companies for Return-on-Tangible-Asset. This puts Valneva SE in the upper half of its industry. 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 Biotechnology company?
A good Return-on-Tangible-Asset depends on the Biotechnology industry context. 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 Valneva SE and its competitors. Valneva SE's current Return-on-Tangible-Asset is -35.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Valneva SE stock overvalued right now?
Based on GuruFocus' analysis, Valneva SE (INRLF) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.95, compared to a current price of $2.62 — trading 11.2% below its estimated fair value. The current Return-on-Tangible-Asset is -35.07%. Valneva SE's overall GF Score™ is 56/100 with 6 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 Valneva SE (INRLF), the current Return-on-Tangible-Asset is -35.07% 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 Valneva SE (INRLF) Overvalued in 2026?
Based on GuruFocus' analysis, Valneva SE stock appears to be undervalued.
The current stock price of $2.62 is trading 11.2% below its estimated GF Value™ of $2.95.
GuruFocus considers Valneva SE to be Modestly Undervalued.
Key valuation signals for INRLF:
Return-on-Tangible-Asset: -35.07%
GF Value™: $2.95 vs. price of $2.62 (11.2% below fair value)
No single metric tells the full story. See the INRLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Valneva SE is a vaccine company focused on developing life-saving vaccines. Its portfolio includes three vaccines for travelers. The segments of the group are Commercialized vaccines which relate to marketed vaccines, the group's vaccines IXIARO/JESPECT, DUKORAL, IXCHIQ; Covid includes development, manufacturing, & distribution related to the COVID-19 vaccine, Vaccine candidates which relate to research and development programs to generate new approvable products to generate future cash flows from product sales through partnering with pharmaceutical companies; & Technologies and services which relate to services and inventions at a commercialization stage. The company generates majority of its revenue from product sales.
56GF Score
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