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South Ocean HoldingsJSE:SOH 44 Return-on-Tangible-Asset is 1.37% as of Jun. 2026, which is 10% above its 10-year median of 1.25. GuruFocus rates JSE:SOH with a GF Score™ of 44/100 and a GF Value™ of R1.62 (Possible Value Trap). The stock has 11 warning signs investors should review. Among 3,093 Industrial Products companies, South Ocean Holdings ranks worse than 61.72% 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. South Ocean Holdings's annualizedNet Income for the quarter that ended in Jun. 2026 was R21 Mil. South Ocean Holdings's average total tangible assets for the quarter that ended in Jun. 2026 was R1,529 Mil. Therefore, South Ocean Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.37%.
The historical rank and industry rank for South Ocean Holdings's Return-on-Tangible-Asset or its related term are showing as below:
JSE:SOH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.3 Med: 1.25 Max: 10.36
Current: 1.76
During the past 13 years, South Ocean Holdings's highest Return-on-Tangible-Asset was 10.36%. The lowest was -6.30%. And the median was 1.25%.
JSE:SOH's Return-on-Tangible-Asset is ranked worse than 61.72% of 3093
companies
in the Industrial Products industry
Industry Median: 3.35
vs JSE:SOH: 1.76
South Ocean Holdings (JSE:SOH) 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.
South Ocean Holdings Return-on-Tangible-Asset Related Terms
South Ocean Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for South Ocean 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.
South Ocean Holdings Return-on-Tangible-Asset Chart
JSE:SOH vs VRT, BE, HUBB: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, South Ocean 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.
South Ocean Holdings Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, South Ocean Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where South Ocean Holdings'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.37% mean?
South Ocean Holdings (JSE:SOH) has a Return-on-Tangible-Asset of 1.37% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on South Ocean Holdings and its competitors. This is 10% above median its historical median of 1.25. According to the industry distribution chart, South Ocean Holdings ranks #1909 out of 3093 companies in the Industrial Products industry, placing it in the top 61.7%.
Is South Ocean Holdings' Return-on-Tangible-Asset too high?
South Ocean Holdings' current Return-on-Tangible-Asset of 1.37% is 10% above median its 10-year median of 1.25. The Industrial Products industry median Return-on-Tangible-Asset is 3.35. South Ocean Holdings' value of 1.37% is 59.1% below this industry median. Based on the distribution chart, South Ocean Holdings ranks #1909 out of 3093 companies in the Industrial Products industry, which is below the industry midpoint. Overall, South Ocean Holdings has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does South Ocean Holdings' Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, South Ocean Holdings ranks #1909 out of 3093 companies for Return-on-Tangible-Asset. This places South Ocean Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.35. South Ocean Holdings' value of 1.37% is 59.1% below this benchmark. While the company's 10-year median is 1.25 vs. the industry median of 3.35, South Ocean Holdings has consistently been below 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.35, based on 3,093 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. South Ocean Holdings's current Return-on-Tangible-Asset of 1.37% is 59.1% below 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 South Ocean Holdings and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South Ocean Holdings's current Return-on-Tangible-Asset is 1.37%, which is 10% above median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Ocean Holdings stock overvalued right now?
Based on GuruFocus' analysis, South Ocean Holdings (JSE:SOH) is currently considered Possible Value Trap. The stock's GF Value™ is R1.62, compared to a current price of R1.00 — trading 38.3% below its estimated fair value. The current Return-on-Tangible-Asset is 1.37%, which is 10% above median its 10-year median of 1.25 and 59.1% below the Industrial Products industry median of 3.35. South Ocean Holdings' overall GF Score™ is 44/100 with 11 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 South Ocean Holdings (JSE:SOH), the current Return-on-Tangible-Asset is 1.37% as of Jun. 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 South Ocean Holdings (JSE:SOH) Overvalued in 2026?
Based on GuruFocus' analysis, South Ocean Holdings stock appears to be undervalued.
The current stock price of R1.00 is trading 38.3% below its estimated GF Value™ of R1.62.
GuruFocus considers South Ocean Holdings to be Possible Value Trap.
Key valuation signals for JSE:SOH:
Return-on-Tangible-Asset: 1.37% (10% above median its 10-year median of 1.25)
GF Value™: R1.62 vs. price of R1.00 (38.3% below fair value)
Industry Position: 59.1% below the Industrial Products median (#1909 of 3093)
No single metric tells the full story. See the JSE:SOH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
South Ocean Holdings Ltd is an investment holding company. The Company through its subsidiaries manufactures electrical wires, imports and distributes electrical accessories, general-purpose insulated wire, a range of flexible conductors, steel wire armored cables, flat-twin and earth cables, aluminum conductor steel reinforced (ACSR) cables, aerial bundle conductors (ABC) and surface wire investment company and light fittings assembly. The operating segments of the company include Electrical cable manufacturing; and Property investments. The company earns maximum revenue from Electrical cable manufacturing segment which consists manufacturing and distribution of electric wire. The group operates in South Africa.
44GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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