ITEX (ITEX) Return-on-Tangible-Asset: 8.00% (As of Jul. 2025) — 14% Below Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

ITEX ITEX Corp ITEX
69 GF Score
Price $3.04
GF Value $3.78
Valuation Modestly Undervalued
! 4 Warning Signs
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What is ITEX Return-on-Tangible-Asset?

ITEX ITEX 69 Return-on-Tangible-Asset is 8.00% as of Jul. 2025, which is 14% below its 10-year median of 9.34. GuruFocus rates ITEX with a GF Score™ of 69/100 and a GF Value™ of $3.78 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 819 Capital Markets companies, ITEX ranks better than 81.93% 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. ITEX's annualized Net Income for the quarter that ended in Jul. 2025 was $0.45 Mil. ITEX's average total tangible assets for the quarter that ended in Jul. 2025 was $5.60 Mil. Therefore, ITEX's annualized Return-on-Tangible-Asset for the quarter that ended in Jul. 2025 was 8.00%.

The historical rank and industry rank for ITEX's Return-on-Tangible-Asset or its related term are showing as below:

ITEX' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.46   Med: 9.34   Max: 12.04
Current: 8.48

During the past 13 years, ITEX's highest Return-on-Tangible-Asset was 12.04%. The lowest was -20.46%. And the median was 9.34%.

ITEX's Return-on-Tangible-Asset is ranked better than
81.93% of 819 companies
in the Capital Markets industry
Industry Median: 1.54 vs ITEX: 8.48

ITEX  (OTCPK:ITEX) 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 company’s 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 company’s 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.


ITEX Return-on-Tangible-Asset Related Terms


ITEX Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for ITEX'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.

ITEX Return-on-Tangible-Asset Chart

ITEX Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.66 7.79 11.14 10.01 8.66

ITEX Quarterly Data
Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.41 7.06 8.65 10.19 8.00

ITEX vs WAI, NCPL, PMAX: Return-on-Tangible-Asset Comparison

For the Capital Markets subindustry, ITEX'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.


ITEX Return-on-Tangible-Asset vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, ITEX's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where ITEX's Return-on-Tangible-Asset falls into.


ITEX
69GF Score
ITEX Corp ITEX
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ITEX Return-on-Tangible-Asset Calculation

ITEX's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jul. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jul. 2025 )  (A: Jul. 2024 )(A: Jul. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jul. 2025 )  (A: Jul. 2024 )(A: Jul. 2025 )
=0.504/( (6.341+5.295)/ 2 )
=0.504/5.818
=8.66 %

ITEX's annualized Return-on-Tangible-Asset for the quarter that ended in Jul. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jul. 2025 )  (Q: Apr. 2025 )(Q: Jul. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jul. 2025 )  (Q: Apr. 2025 )(Q: Jul. 2025 )
=0.448/( (5.912+5.295)/ 2 )
=0.448/5.6035
=8.00 %

* 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 (Jul. 2025) net income data.

What does a Return-on-Tangible-Asset of 8.00% mean?
ITEX (ITEX) has a Return-on-Tangible-Asset of 8.00% as of Jul. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on ITEX and its competitors. This is 14% below median its historical median of 9.34. According to the industry distribution chart, ITEX ranks #148 out of 819 companies in the Capital Markets industry, placing it in the top 18.1%.
Is ITEX's Return-on-Tangible-Asset too high?
ITEX's current Return-on-Tangible-Asset of 8.00% is 14% below median its 10-year median of 9.34. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. ITEX's value of 8.00% is 419.5% above this industry median. Based on the distribution chart, ITEX ranks #148 out of 819 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, ITEX has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ITEX's Return-on-Tangible-Asset compare to WAI and NCPL?
According to the Capital Markets industry distribution chart, ITEX ranks #148 out of 819 companies for Return-on-Tangible-Asset. This places ITEX in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.54. ITEX's value of 8.00% is 419.5% above this benchmark. While the company's 10-year median is 9.34 vs. the industry median of 1.54, ITEX 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 819 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. ITEX's current Return-on-Tangible-Asset of 8.00% is 419.5% 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 ITEX and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITEX's current Return-on-Tangible-Asset is 8.00%, which is 14% below median its own 10-year median of 9.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITEX stock overvalued right now?
Based on GuruFocus' analysis, ITEX (ITEX) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.78, compared to a current price of $3.04 — trading 19.6% below its estimated fair value. The current Return-on-Tangible-Asset is 8.00%, which is 14% below median its 10-year median of 9.34 and 419.5% above the Capital Markets industry median of 1.54. ITEX's overall GF Score™ is 69/100 with 4 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 ITEX (ITEX), the current Return-on-Tangible-Asset is 8.00% as of Jul. 2025. 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 ITEX (ITEX) Overvalued in 2026?

Based on GuruFocus' analysis, ITEX stock appears to be undervalued. The current stock price of $3.04 is trading 19.6% below its estimated GF Value™ of $3.78. GuruFocus considers ITEX to be Modestly Undervalued.

Key valuation signals for ITEX:

  • Return-on-Tangible-Asset: 8.00% (14% below median its 10-year median of 9.34)
  • GF Value™: $3.78 vs. price of $3.04 (19.6% below fair value)
  • GF Score™: 69/100 with 4 warning signs
  • Industry Position: 419.5% above the Capital Markets median (#148 of 819)

No single metric tells the full story. See the ITEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ITEX Business Description

Address 13555 South East 36th Street, Suite 210, Bellevue, WA, USA, 98006
ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. It generates revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.
69GF Score

Get the complete analysis for ITEX

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.04
Price
$3.78
GF Value