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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. Grand Parade Investments's annualizedNet Income for the quarter that ended in Dec. 2025 was R74.74 Mil. Grand Parade Investments's average total tangible assets for the quarter that ended in Dec. 2025 was R1,153.49 Mil. Therefore, Grand Parade Investments's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 6.48%.
The historical rank and industry rank for Grand Parade Investments's Return-on-Tangible-Asset or its related term are showing as below:
JSE:GPL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.81 Med: -0.87 Max: 6.42
Current: 4.6
During the past 13 years, Grand Parade Investments's highest Return-on-Tangible-Asset was 6.42%. The lowest was -4.81%. And the median was -0.87%.
JSE:GPL's Return-on-Tangible-Asset is ranked better than 63.81% of 362
companies
in the Restaurants industry
Industry Median: 2.36
vs JSE:GPL: 4.60
Grand Parade Investments (JSE:GPL) 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.
Grand Parade Investments Return-on-Tangible-Asset Related Terms
Grand Parade Investments Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Grand Parade 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.
Grand Parade Investments Return-on-Tangible-Asset Chart
JSE:GPL vs MCD, SBUX, YUM: Return-on-Tangible-Asset Comparison
For the Restaurants subindustry, Grand Parade 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.
Grand Parade Investments Return-on-Tangible-Asset vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Grand Parade Investments's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Grand Parade 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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 6.48% mean?
Grand Parade Investments (JSE:GPL) has a Return-on-Tangible-Asset of 6.48% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Grand Parade Investments and its competitors. According to the industry distribution chart, Grand Parade Investments ranks #131 out of 362 companies in the Restaurants industry, placing it in the top 36.2%.
Is Grand Parade Investments' Return-on-Tangible-Asset too high?
Grand Parade Investments' current Return-on-Tangible-Asset is 6.48%. The Restaurants industry median Return-on-Tangible-Asset is 2.36. Grand Parade Investments' value of 6.48% is 174.6% above this industry median. Based on the distribution chart, Grand Parade Investments ranks #131 out of 362 companies in the Restaurants industry, which is above the industry midpoint. Overall, Grand Parade Investments has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grand Parade Investments' Return-on-Tangible-Asset compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Grand Parade Investments ranks #131 out of 362 companies for Return-on-Tangible-Asset. This puts Grand Parade Investments in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.36. Grand Parade Investments' value of 6.48% is 174.6% above this benchmark. 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 Restaurants company?
The median Return-on-Tangible-Asset among Restaurants companies is 2.36, based on 362 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. Grand Parade Investments's current Return-on-Tangible-Asset of 6.48% is 174.6% 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 Grand Parade Investments and its competitors. For the Restaurants industry, the median Return-on-Tangible-Asset is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand Parade Investments's current Return-on-Tangible-Asset is 6.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Parade Investments stock overvalued right now?
Based on GuruFocus' analysis, Grand Parade Investments (JSE:GPL) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.80, compared to a current price of R1.80 — trading 125% above its estimated fair value. The current Return-on-Tangible-Asset is 6.48% and 174.6% above the Restaurants industry median of 2.36. Grand Parade Investments' overall GF Score™ is 31/100 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 Grand Parade Investments (JSE:GPL), the current Return-on-Tangible-Asset is 6.48% as of Dec. 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 Grand Parade Investments (JSE:GPL) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Parade Investments stock appears to be overvalued.
The current stock price of R1.80 is trading 125% above its estimated GF Value™ of R0.80.
GuruFocus considers Grand Parade Investments to be Significantly Overvalued.
Key valuation signals for JSE:GPL:
Return-on-Tangible-Asset: 6.48%
GF Value™: R0.80 vs. price of R1.80 (125% above fair value)
Industry Position: 174.6% above the Restaurants median (#131 of 362)
No single metric tells the full story. See the JSE:GPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Parade Investments Ltd is an empowerment company. The company's operating segments include Food, gaming, and leisure. It generates maximum revenue from the Gaming and Leisure segment. The gaming and leisure segment includes SunWest, Sun Slots, Worcester Casino, and Infinity Gaming Africa.
31GF Score
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