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Trellidor HoldingsJSE:TRL 71 Return-on-Tangible-Asset is 0.45% as of Dec. 2025, which is 96% below its 10-year median of 12.73. GuruFocus rates JSE:TRL with a GF Score™ of 71/100 and a GF Value™ of R1.42 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,094 Business Services companies, Trellidor Holdings ranks worse than 92.6% 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. Trellidor Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was R1.2 Mil. Trellidor Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was R257.6 Mil. Therefore, Trellidor Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 0.45%.
The historical rank and industry rank for Trellidor Holdings's Return-on-Tangible-Asset or its related term are showing as below:
JSE:TRL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -23.66 Med: 12.73 Max: 31.96
Current: -23.66
During the past 11 years, Trellidor Holdings's highest Return-on-Tangible-Asset was 31.96%. The lowest was -23.66%. And the median was 12.73%.
JSE:TRL's Return-on-Tangible-Asset is ranked worse than 92.6% of 1094
companies
in the Business Services industry
Industry Median: 4.13
vs JSE:TRL: -23.66
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.
Trellidor Holdings Return-on-Tangible-Asset Related Terms
Trellidor Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Trellidor 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.
JSE:TRL vs ALLE, MSA, ADT: Return-on-Tangible-Asset Comparison
For the Security & Protection Services subindustry, Trellidor 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.
Trellidor Holdings Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Trellidor Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Trellidor 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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 0.45% mean?
Trellidor Holdings (JSE:TRL) has a Return-on-Tangible-Asset of 0.45% 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 Trellidor Holdings and its competitors. This is 96% below median its historical median of 12.73. According to the industry distribution chart, Trellidor Holdings ranks #1013 out of 1094 companies in the Business Services industry, placing it in the top 92.6%.
Is Trellidor Holdings' Return-on-Tangible-Asset too high?
Trellidor Holdings' current Return-on-Tangible-Asset of 0.45% is 96% below median its 10-year median of 12.73. The Business Services industry median Return-on-Tangible-Asset is 4.13. Trellidor Holdings' value of 0.45% is 89.1% below this industry median. Based on the distribution chart, Trellidor Holdings ranks #1013 out of 1094 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Trellidor Holdings has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trellidor Holdings' Return-on-Tangible-Asset compare to ALLE and MSA?
According to the Business Services industry distribution chart, Trellidor Holdings ranks #1013 out of 1094 companies for Return-on-Tangible-Asset. This places Trellidor Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.13. Trellidor Holdings' value of 0.45% is 89.1% below this benchmark. While the company's 10-year median is 12.73 vs. the industry median of 4.13, Trellidor 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 a Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 4.13, based on 1,094 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. Trellidor Holdings's current Return-on-Tangible-Asset of 0.45% is 89.1% 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 Trellidor Holdings and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trellidor Holdings's current Return-on-Tangible-Asset is 0.45%, which is 96% below median its own 10-year median of 12.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trellidor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Trellidor Holdings (JSE:TRL) is currently considered Modestly Undervalued. The stock's GF Value™ is R1.42, compared to a current price of R1.25 — trading 12% below its estimated fair value. The current Return-on-Tangible-Asset is 0.45%, which is 96% below median its 10-year median of 12.73 and 89.1% below the Business Services industry median of 4.13. Trellidor Holdings' overall GF Score™ is 71/100 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 Trellidor Holdings (JSE:TRL), the current Return-on-Tangible-Asset is 0.45% 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 Trellidor Holdings (JSE:TRL) Overvalued in 2026?
Based on GuruFocus' analysis, Trellidor Holdings stock appears to be undervalued.
The current stock price of R1.25 is trading 12% below its estimated GF Value™ of R1.42.
GuruFocus considers Trellidor Holdings to be Modestly Undervalued.
Key valuation signals for JSE:TRL:
Return-on-Tangible-Asset: 0.45% (96% below median its 10-year median of 12.73)
GF Value™: R1.42 vs. price of R1.25 (12% below fair value)
Industry Position: 89.1% below the Business Services median (#1013 of 1094)
No single metric tells the full story. See the JSE:TRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trellidor Holdings Ltd operates in the security and protection services industry. The group operating segments include Trellidor; and Holdings. Its Trellidor segment is engaged in the manufacture and distribution of custom-made barrier security products. Holdings is engaged in Management of the group treasury function and receives management fee income. It generates maximum revenue from the Trellidor segment. Geographically, it derives a majority of its revenue from South Africa, and also has its presence in Rest of Africa and Rest of the world.
71GF Score
Get the complete analysis for JSE:TRL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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