Frontier Transport Holdings (JSE:FTH) Return-on-Tangible-Asset: 14.48% (As of Mar. 2026) — 23% Above Median

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JSE:FTH Frontier Transport Holdings Ltd JSE:FTH
86 GF Score
Price R6.00
GF Value R6.75
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Frontier Transport Holdings Return-on-Tangible-Asset?

Frontier Transport Holdings JSE:FTH 86 Return-on-Tangible-Asset is 14.48% as of Mar. 2026, which is 23% above its 10-year median of 11.77. GuruFocus rates JSE:FTH with a GF Score™ of 86/100 and a GF Value™ of R6.75 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,010 Transportation companies, Frontier Transport Holdings ranks better than 90% 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. Frontier Transport Holdings's annualized Net Income for the quarter that ended in Mar. 2026 was R462 Mil. Frontier Transport Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was R3,191 Mil. Therefore, Frontier Transport Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.48%.

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

JSE:FTH' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.88   Med: 11.77   Max: 16.63
Current: 12.55

During the past 10 years, Frontier Transport Holdings's highest Return-on-Tangible-Asset was 16.63%. The lowest was 8.88%. And the median was 11.77%.

JSE:FTH's Return-on-Tangible-Asset is ranked better than
90% of 1010 companies
in the Transportation industry
Industry Median: 3.775 vs JSE:FTH: 12.55

Frontier Transport Holdings  (JSE:FTH) 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.


Frontier Transport Holdings Return-on-Tangible-Asset Related Terms


Frontier Transport Holdings Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Frontier Transport Holdings'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.

Frontier Transport Holdings Return-on-Tangible-Asset Chart

Frontier Transport Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.42 11.84 16.63 15.05 12.61

Frontier Transport Holdings Semi-Annual Data
Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 18.08 14.58 15.59 10.38 14.48

JSE:FTH vs UNP, CSX, NSC: Return-on-Tangible-Asset Comparison

For the Railroads subindustry, Frontier Transport Holdings'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.


Frontier Transport Holdings Return-on-Tangible-Asset vs Transportation Industry

For the Transportation industry and Industrials sector, Frontier Transport Holdings's Return-on-Tangible-Asset distribution charts can be found below:

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


JSE:FTH
86GF Score
Frontier Transport Holdings Ltd JSE:FTH
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Frontier Transport Holdings Return-on-Tangible-Asset Calculation

Frontier Transport Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=382.292/( (2755.83+3309.068)/ 2 )
=382.292/3032.449
=12.61 %

Frontier Transport Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=461.962/( (3073.188+3309.068)/ 2 )
=461.962/3191.128
=14.48 %

* 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 14.48% mean?
Frontier Transport Holdings (JSE:FTH) has a Return-on-Tangible-Asset of 14.48% 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 Frontier Transport Holdings and its competitors. This is 23% above median its historical median of 11.77. Over the past decade, Frontier Transport Holdings' Return-on-Tangible-Asset has ranged from 8.88 to 16.63. According to the industry distribution chart, Frontier Transport Holdings ranks #101 out of 1010 companies in the Transportation industry, placing it in the top 10%.
Is Frontier Transport Holdings' Return-on-Tangible-Asset too high?
Frontier Transport Holdings' current Return-on-Tangible-Asset of 14.48% is 23% above median its 10-year median of 11.77. Over the past 10 years, this metric has ranged from a low of 8.88 to a high of 16.63. The Transportation industry median Return-on-Tangible-Asset is 3.78. Frontier Transport Holdings' value of 14.48% is 283.6% above this industry median. Based on the distribution chart, Frontier Transport Holdings ranks #101 out of 1010 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Frontier Transport Holdings has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Frontier Transport Holdings' Return-on-Tangible-Asset compare to UNP and CSX?
According to the Transportation industry distribution chart, Frontier Transport Holdings ranks #101 out of 1010 companies for Return-on-Tangible-Asset. This places Frontier Transport Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.78. Frontier Transport Holdings' value of 14.48% is 283.6% above this benchmark. Historically, Frontier Transport Holdings' own Return-on-Tangible-Asset has ranged from 8.88 to 16.63 over the past decade. While the company's 10-year median is 11.77 vs. the industry median of 3.78, Frontier Transport Holdings 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.78, based on 1,010 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. Frontier Transport Holdings's current Return-on-Tangible-Asset of 14.48% is 283.6% 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 Frontier Transport Holdings and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frontier Transport Holdings's current Return-on-Tangible-Asset is 14.48%, which is 23% above median its own 10-year median of 11.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontier Transport Holdings stock overvalued right now?
Based on GuruFocus' analysis, Frontier Transport Holdings (JSE:FTH) is currently considered Modestly Undervalued. The stock's GF Value™ is R6.75, compared to a current price of R6.00 — trading 11.1% below its estimated fair value. The current Return-on-Tangible-Asset is 14.48%, which is 23% above median its 10-year median of 11.77 and 283.6% above the Transportation industry median of 3.78. Frontier Transport Holdings' overall GF Score™ is 86/100 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 Frontier Transport Holdings (JSE:FTH), the current Return-on-Tangible-Asset is 14.48% 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 Frontier Transport Holdings (JSE:FTH) Overvalued in 2026?

Based on GuruFocus' analysis, Frontier Transport Holdings stock appears to be undervalued. The current stock price of R6.00 is trading 11.1% below its estimated GF Value™ of R6.75. GuruFocus considers Frontier Transport Holdings to be Modestly Undervalued.

Key valuation signals for JSE:FTH:

  • Return-on-Tangible-Asset: 14.48% (23% above median its 10-year median of 11.77)
  • GF Value™: R6.75 vs. price of R6.00 (11.1% below fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 283.6% above the Transportation median (#101 of 1010)

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


Frontier Transport Holdings Business Description

Address 103 Bofors Circle, Epping Industria, Cape Town, WC, ZAF, 7460
Frontier Transport Holdings Ltd is an investment entity tailored to consolidate and expand opportunities in the mobility and logistics sectors. The company through its subsidiary provides a scheduled commuter bus operator in the Cape Metropole. The company provides services such as Public Transport, School & Private Tours, Luxury Coaches, Shuttle Services, and Parts & Spares Sales.
86GF Score

Get the complete analysis for JSE:FTH

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

R6.00
Price
R6.75
GF Value