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Ray Sigorta ASIST:RAYSG +0.50%36 Return-on-Tangible-Asset is 9.11% as of Jun. 2026, which is 96% above its 10-year median of 4.64. GuruFocus rates IST:RAYSG with a GF Score™ of 36/100. The stock has 2 warning signs investors should review. Among 506 Insurance companies, Ray Sigorta AS ranks better than 88.14% 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. Ray Sigorta AS's annualizedNet Income for the quarter that ended in Jun. 2026 was ₺3,938 Mil. Ray Sigorta AS's average total tangible assets for the quarter that ended in Jun. 2026 was ₺43,213 Mil. Therefore, Ray Sigorta AS's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 9.11%.
The historical rank and industry rank for Ray Sigorta AS's Return-on-Tangible-Asset or its related term are showing as below:
IST:RAYSG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.24 Med: 4.64 Max: 12.16
Current: 8.72
During the past 13 years, Ray Sigorta AS's highest Return-on-Tangible-Asset was 12.16%. The lowest was 3.24%. And the median was 4.64%.
IST:RAYSG's Return-on-Tangible-Asset is ranked better than 88.14% of 506
companies
in the Insurance industry
Industry Median: 2.77
vs IST:RAYSG: 8.72
Ray Sigorta AS (IST:RAYSG) 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.
Ray Sigorta AS Return-on-Tangible-Asset Related Terms
Ray Sigorta AS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ray Sigorta AS'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.
IST:RAYSG vs BRK.A, AIG, HIG: Return-on-Tangible-Asset Comparison
For the Insurance - Diversified subindustry, Ray Sigorta AS'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.
Ray Sigorta AS Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Ray Sigorta AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ray Sigorta AS'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.11% mean?
Ray Sigorta AS (IST:RAYSG) has a Return-on-Tangible-Asset of 9.11% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ray Sigorta AS and its competitors. This is 96% above median its historical median of 4.64. Over the past decade, Ray Sigorta AS's Return-on-Tangible-Asset has ranged from 3.24 to 12.16. According to the industry distribution chart, Ray Sigorta AS ranks #60 out of 506 companies in the Insurance industry, placing it in the top 11.9%.
Is Ray Sigorta AS's Return-on-Tangible-Asset too high?
Ray Sigorta AS's current Return-on-Tangible-Asset of 9.11% is 96% above median its 10-year median of 4.64. Over the past 10 years, this metric has ranged from a low of 3.24 to a high of 12.16. The Insurance industry median Return-on-Tangible-Asset is 2.77. Ray Sigorta AS's value of 9.11% is 228.9% above this industry median. Based on the distribution chart, Ray Sigorta AS ranks #60 out of 506 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Ray Sigorta AS has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Ray Sigorta AS's Return-on-Tangible-Asset compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Ray Sigorta AS ranks #60 out of 506 companies for Return-on-Tangible-Asset. This places Ray Sigorta AS in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.77. Ray Sigorta AS's value of 9.11% is 228.9% above this benchmark. Historically, Ray Sigorta AS's own Return-on-Tangible-Asset has ranged from 3.24 to 12.16 over the past decade. While the company's 10-year median is 4.64 vs. the industry median of 2.77, Ray Sigorta AS 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 Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.77, based on 506 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. Ray Sigorta AS's current Return-on-Tangible-Asset of 9.11% is 228.9% 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 Ray Sigorta AS and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray Sigorta AS's current Return-on-Tangible-Asset is 9.11%, which is 96% above median its own 10-year median of 4.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray Sigorta AS stock overvalued right now?
Ray Sigorta AS (IST:RAYSG) has a current Return-on-Tangible-Asset of 9.11%. The current Return-on-Tangible-Asset is 9.11%, which is 96% above median its 10-year median of 4.64 and 228.9% above the Insurance industry median of 2.77. Ray Sigorta AS's overall GF Score™ is 36/100 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 Ray Sigorta AS (IST:RAYSG), the current Return-on-Tangible-Asset is 9.11% as of Jun. 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.
Ray Sigorta AS is a Turkey-based insurance company. It offers motor, household and health insurances. The motor insurance covers accidents such as the collision of the car with other motor or no-motor vehicles used on the road or railroad. Its household insurance secures house and goods against many risks such as fire, robbery, earthquake, and floods. The health insurance product consists of emergency health insurance, complementary health insurance, health insurance for foreigners and travel health insurance. Additionally, it also provides contracted health institutions and contracted auto services.
36GF Score
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