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Deneb InvestmentsJSE:DNB 83 Return-on-Tangible-Asset is 7.27% as of Mar. 2026, which is 133% above its 10-year median of 3.12. GuruFocus rates JSE:DNB with a GF Score™ of 83/100 and a GF Value™ of R2.74 (Fairly Valued). The stock has 5 warning signs investors should review. Among 568 Conglomerates companies, Deneb Investments ranks better than 75% 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. Deneb Investments's annualizedNet Income for the quarter that ended in Mar. 2026 was R254 Mil. Deneb Investments's average total tangible assets for the quarter that ended in Mar. 2026 was R3,487 Mil. Therefore, Deneb Investments's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.27%.
The historical rank and industry rank for Deneb Investments's Return-on-Tangible-Asset or its related term are showing as below:
JSE:DNB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.72 Med: 3.12 Max: 6.06
Current: 5.91
During the past 13 years, Deneb Investments's highest Return-on-Tangible-Asset was 6.06%. The lowest was -3.72%. And the median was 3.12%.
JSE:DNB's Return-on-Tangible-Asset is ranked better than 75% of 568
companies
in the Conglomerates industry
Industry Median: 2.68
vs JSE:DNB: 5.91
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.
Deneb Investments Return-on-Tangible-Asset Related Terms
Deneb Investments Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Deneb Investments'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:DNB vs MMM, HON: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Deneb Investments'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.
Deneb Investments Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Deneb Investments's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Deneb Investments'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 7.27% mean?
Deneb Investments (JSE:DNB) has a Return-on-Tangible-Asset of 7.27% 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 Deneb Investments and its competitors. This is 133% above median its historical median of 3.12. According to the industry distribution chart, Deneb Investments ranks #142 out of 568 companies in the Conglomerates industry, placing it in the top 25%.
Is Deneb Investments' Return-on-Tangible-Asset too high?
Deneb Investments' current Return-on-Tangible-Asset of 7.27% is 133% above median its 10-year median of 3.12. The Conglomerates industry median Return-on-Tangible-Asset is 2.68. Deneb Investments' value of 7.27% is 171.3% above this industry median. Based on the distribution chart, Deneb Investments ranks #142 out of 568 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Deneb Investments has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Deneb Investments' Return-on-Tangible-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, Deneb Investments ranks #142 out of 568 companies for Return-on-Tangible-Asset. This places Deneb Investments in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.68. Deneb Investments' value of 7.27% is 171.3% above this benchmark. While the company's 10-year median is 3.12 vs. the industry median of 2.68, Deneb Investments 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.68, based on 568 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. Deneb Investments's current Return-on-Tangible-Asset of 7.27% is 171.3% 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 Deneb Investments and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deneb Investments's current Return-on-Tangible-Asset is 7.27%, which is 133% above median its own 10-year median of 3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deneb Investments stock overvalued right now?
Based on GuruFocus' analysis, Deneb Investments (JSE:DNB) is currently considered Fairly Valued. The stock's GF Value™ is R2.74, compared to a current price of R2.59 — trading 5.5% below its estimated fair value. The current Return-on-Tangible-Asset is 7.27%, which is 133% above median its 10-year median of 3.12 and 171.3% above the Conglomerates industry median of 2.68. Deneb Investments' overall GF Score™ is 83/100 with 5 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 Deneb Investments (JSE:DNB), the current Return-on-Tangible-Asset is 7.27% 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 Deneb Investments (JSE:DNB) Overvalued in 2026?
Based on GuruFocus' analysis, Deneb Investments stock appears to be undervalued.
The current stock price of R2.59 is trading 5.5% below its estimated GF Value™ of R2.74.
GuruFocus considers Deneb Investments to be Fairly Valued.
Key valuation signals for JSE:DNB:
Return-on-Tangible-Asset: 7.27% (133% above median its 10-year median of 3.12)
GF Value™: R2.74 vs. price of R2.59 (5.5% below fair value)
Industry Position: 171.3% above the Conglomerates median (#142 of 568)
No single metric tells the full story. See the JSE:DNB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Deneb Investments Ltd is a diversified investment company operating in southern Africa. The company's operating segment includes Properties; Industrial Product Manufacturing; Automotive Parts Manufacturing; and Branded Product Distribution. Industrial Product Manufacturing and Branded Product Distribution segments together contribute to the majority of the revenue. Its geographical segments include South Africa, Other African countries, Asia, Europe, North America, and South America, of which the majority of the revenue is generated from South Africa.
83GF Score
Get the complete analysis for JSE:DNB
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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