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Argent IndustrialJSE:ART -0.18%76 Return-on-Tangible-Asset is 12.01% as of Mar. 2026, which is 17% above its 10-year median of 10.26. GuruFocus rates JSE:ART with a GF Score™ of 76/100 and a GF Value™ of R29.95 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 634 Steel companies, Argent Industrial ranks better than 93.69% 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. Argent Industrial's annualizedNet Income for the quarter that ended in Mar. 2026 was R302 Mil. Argent Industrial's average total tangible assets for the quarter that ended in Mar. 2026 was R2,511 Mil. Therefore, Argent Industrial's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.01%.
The historical rank and industry rank for Argent Industrial's Return-on-Tangible-Asset or its related term are showing as below:
JSE:ART'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.28 Med: 10.26 Max: 12.77
Current: 11.76
During the past 13 years, Argent Industrial's highest Return-on-Tangible-Asset was 12.77%. The lowest was -13.28%. And the median was 10.26%.
JSE:ART's Return-on-Tangible-Asset is ranked better than 93.69% of 634
companies
in the Steel industry
Industry Median: 1.995
vs JSE:ART: 11.76
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.
Argent Industrial Return-on-Tangible-Asset Related Terms
Argent Industrial Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Argent Industrial'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.
JSE:ART vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Argent Industrial'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.
Argent Industrial Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Argent Industrial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Argent Industrial'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 12.01% mean?
Argent Industrial (JSE:ART) has a Return-on-Tangible-Asset of 12.01% 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 Argent Industrial and its competitors. This is 17% above median its historical median of 10.26. According to the industry distribution chart, Argent Industrial ranks #40 out of 634 companies in the Steel industry, placing it in the top 6.3%.
Is Argent Industrial's Return-on-Tangible-Asset too high?
Argent Industrial's current Return-on-Tangible-Asset of 12.01% is 17% above median its 10-year median of 10.26. The Steel industry median Return-on-Tangible-Asset is 2.00. Argent Industrial's value of 12.01% is 502% above this industry median. Based on the distribution chart, Argent Industrial ranks #40 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Argent Industrial has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argent Industrial's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Argent Industrial ranks #40 out of 634 companies for Return-on-Tangible-Asset. This places Argent Industrial in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.00. Argent Industrial's value of 12.01% is 502% above this benchmark. While the company's 10-year median is 10.26 vs. the industry median of 2.00, Argent Industrial 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.00, based on 634 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. Argent Industrial's current Return-on-Tangible-Asset of 12.01% is 502% 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 Argent Industrial and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argent Industrial's current Return-on-Tangible-Asset is 12.01%, which is 17% above median its own 10-year median of 10.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argent Industrial stock overvalued right now?
Based on GuruFocus' analysis, Argent Industrial (JSE:ART) is currently considered Modestly Overvalued. The stock's GF Value™ is R29.95, compared to a current price of R38.13 — trading 27.3% above its estimated fair value. The current Return-on-Tangible-Asset is 12.01%, which is 17% above median its 10-year median of 10.26 and 502% above the Steel industry median of 2.00. Argent Industrial's overall GF Score™ is 76/100 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 Argent Industrial (JSE:ART), the current Return-on-Tangible-Asset is 12.01% 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 Argent Industrial (JSE:ART) Overvalued in 2026?
Based on GuruFocus' analysis, Argent Industrial stock appears to be overvalued.
The current stock price of R38.13 is trading 27.3% above its estimated GF Value™ of R29.95.
GuruFocus considers Argent Industrial to be Modestly Overvalued.
Key valuation signals for JSE:ART:
Return-on-Tangible-Asset: 12.01% (17% above median its 10-year median of 10.26)
GF Value™: R29.95 vs. price of R38.13 (27.3% above fair value)
Industry Position: 502% above the Steel median (#40 of 634)
No single metric tells the full story. See the JSE:ART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group's manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.
76GF Score
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