Intercede GroupIRCDF 83 Return-on-Tangible-Asset is 16.96% as of Mar. 2026, which is 75% above its 10-year median of 9.71. GuruFocus rates IRCDF with a GF Score™ of 83/100 and a GF Value™ of $1.67. The stock has 2 warning signs investors should review. Among 2,881 Software companies, Intercede Group ranks better than 83.89% 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. Intercede Group's annualizedNet Income for the quarter that ended in Mar. 2026 was $5.69 Mil. Intercede Group's average total tangible assets for the quarter that ended in Mar. 2026 was $33.55 Mil. Therefore, Intercede Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 16.96%.
The historical rank and industry rank for Intercede Group's Return-on-Tangible-Asset or its related term are showing as below:
IRCDF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -48.13 Med: 9.71 Max: 32.69
Current: 13.4
During the past 13 years, Intercede Group's highest Return-on-Tangible-Asset was 32.69%. The lowest was -48.13%. And the median was 9.71%.
IRCDF's Return-on-Tangible-Asset is ranked better than 83.89% of 2881
companies
in the Software industry
Industry Median: 2.02
vs IRCDF: 13.40
Intercede Group (OTCPK:IRCDF) 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.
Intercede Group Return-on-Tangible-Asset Related Terms
Intercede Group Return-on-Tangible-Asset Historical Data
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The historical data trend for Intercede Group'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.
IRCDF vs UBER, SHOP, CRM: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Intercede Group'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.
Intercede Group Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Intercede Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Intercede Group'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 16.96% mean?
Intercede Group (IRCDF) has a Return-on-Tangible-Asset of 16.96% 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 Intercede Group and its competitors. This is 75% above median its historical median of 9.71. According to the industry distribution chart, Intercede Group ranks #464 out of 2881 companies in the Software industry, placing it in the top 16.1%.
Is Intercede Group's Return-on-Tangible-Asset too high?
Intercede Group's current Return-on-Tangible-Asset of 16.96% is 75% above median its 10-year median of 9.71. The Software industry median Return-on-Tangible-Asset is 2.02. Intercede Group's value of 16.96% is 739.6% above this industry median. Based on the distribution chart, Intercede Group ranks #464 out of 2881 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Intercede Group has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Intercede Group's Return-on-Tangible-Asset compare to UBER and SHOP?
According to the Software industry distribution chart, Intercede Group ranks #464 out of 2881 companies for Return-on-Tangible-Asset. This places Intercede Group in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.02. Intercede Group's value of 16.96% is 739.6% above this benchmark. While the company's 10-year median is 9.71 vs. the industry median of 2.02, Intercede Group 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 a Software company?
The median Return-on-Tangible-Asset among Software companies is 2.02, based on 2,881 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. Intercede Group's current Return-on-Tangible-Asset of 16.96% is 739.6% 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 Intercede Group and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intercede Group's current Return-on-Tangible-Asset is 16.96%, which is 75% above median its own 10-year median of 9.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercede Group stock overvalued right now?
Intercede Group (IRCDF) has a current Return-on-Tangible-Asset of 16.96%. The stock's GF Value™ is $1.67, compared to a current price of $1.37 — trading 18% below its estimated fair value. The current Return-on-Tangible-Asset is 16.96%, which is 75% above median its 10-year median of 9.71 and 739.6% above the Software industry median of 2.02. Intercede Group's overall GF Score™ is 83/100 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 Intercede Group (IRCDF), the current Return-on-Tangible-Asset is 16.96% 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 Intercede Group (IRCDF) Overvalued in 2026?
Based on GuruFocus' analysis, Intercede Group stock appears to be undervalued.
The current stock price of $1.37 is trading 18% below its estimated GF Value™ of $1.67.
Key valuation signals for IRCDF:
Return-on-Tangible-Asset: 16.96% (75% above median its 10-year median of 9.71)
GF Value™: $1.67 vs. price of $1.37 (18% below fair value)
Industry Position: 739.6% above the Software median (#464 of 2881)
No single metric tells the full story. See the IRCDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intercede Group PLC is an independent developer and supplier of identity and credential management software. Its product portfolio includes MyID, an identity, and credential management system, RapID is the password killer for killer apps, and MyTAM enables Android app developers and service providers to deploy trusted applications to the trusted execution environment simply and cost-effectively. The company serves a diverse range of markets including governments, enterprises, app developers, and service providers. It has operational footprints across the United Kingdom, the Rest of Europe, the Americas, and the Rest of the world. The majority of its revenue is derived from the Americas.
83GF Score
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