Valterra PlatinumJSE:VAL +1.15%79 Return-on-Tangible-Asset is 17.82% as of Dec. 2025, which is 107% above its 10-year median of 8.59. GuruFocus rates JSE:VAL with a GF Score™ of 79/100 and a GF Value™ of R793.53 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,667 Metals & Mining companies, Valterra Platinum ranks better than 87.7% 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. Valterra Platinum's annualizedNet Income for the quarter that ended in Dec. 2025 was R29,670 Mil. Valterra Platinum's average total tangible assets for the quarter that ended in Dec. 2025 was R166,489 Mil. Therefore, Valterra Platinum's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 17.82%.
The historical rank and industry rank for Valterra Platinum's Return-on-Tangible-Asset or its related term are showing as below:
JSE:VAL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.84 Med: 8.59 Max: 48.79
Current: 9.19
During the past 13 years, Valterra Platinum's highest Return-on-Tangible-Asset was 48.79%. The lowest was 0.84%. And the median was 8.59%.
JSE:VAL's Return-on-Tangible-Asset is ranked better than 87.7% of 2667
companies
in the Metals & Mining industry
Industry Median: -17.27
vs JSE:VAL: 9.19
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.
Valterra Platinum Return-on-Tangible-Asset Related Terms
Valterra Platinum Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Valterra Platinum'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:VAL vs HL, SIND: Return-on-Tangible-Asset Comparison
For the Other Precious Metals & Mining subindustry, Valterra Platinum'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.
Valterra Platinum Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Valterra Platinum's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Valterra Platinum'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 17.82% mean?
Valterra Platinum (JSE:VAL) has a Return-on-Tangible-Asset of 17.82% 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 Valterra Platinum and its competitors. This is 107% above median its historical median of 8.59. Over the past decade, Valterra Platinum's Return-on-Tangible-Asset has ranged from 0.84 to 48.79. According to the industry distribution chart, Valterra Platinum ranks #328 out of 2667 companies in the Metals & Mining industry, placing it in the top 12.3%.
Is Valterra Platinum's Return-on-Tangible-Asset too high?
Valterra Platinum's current Return-on-Tangible-Asset of 17.82% is 107% above median its 10-year median of 8.59. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 48.79. Based on the distribution chart, Valterra Platinum ranks #328 out of 2667 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Valterra Platinum has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Valterra Platinum's Return-on-Tangible-Asset compare to HL and SIND?
According to the Metals & Mining industry distribution chart, Valterra Platinum ranks #328 out of 2667 companies for Return-on-Tangible-Asset. This places Valterra Platinum in the top 12% of its industry — outperforming the majority of peers. Historically, Valterra Platinum's own Return-on-Tangible-Asset has ranged from 0.84 to 48.79 over the past decade. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Valterra Platinum and its competitors. Valterra Platinum's current Return-on-Tangible-Asset is 17.82%, which is 107% above median its own 10-year median of 8.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Valterra Platinum stock overvalued right now?
Based on GuruFocus' analysis, Valterra Platinum (JSE:VAL) is currently considered Significantly Overvalued. The stock's GF Value™ is R793.53, compared to a current price of R1,090.00 — trading 37.4% above its estimated fair value. The current Return-on-Tangible-Asset is 17.82%, which is 107% above median its 10-year median of 8.59. Valterra Platinum's overall GF Score™ is 79/100 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 Valterra Platinum (JSE:VAL), the current Return-on-Tangible-Asset is 17.82% 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 Valterra Platinum (JSE:VAL) Overvalued in 2026?
Based on GuruFocus' analysis, Valterra Platinum stock appears to be overvalued.
The current stock price of R1,090.00 is trading 37.4% above its estimated GF Value™ of R793.53.
GuruFocus considers Valterra Platinum to be Significantly Overvalued.
Key valuation signals for JSE:VAL:
Return-on-Tangible-Asset: 17.82% (107% above median its 10-year median of 8.59)
GF Value™: R793.53 vs. price of R1,090.00 (37.4% above fair value)
No single metric tells the full story. See the JSE:VAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Valterra Platinum Ltd supplies platinum group metals (PGMs). It provides services across the value chain, including mining, recycling, and trading of metals. Its products include PGMs such as platinum, palladium, rhodium, iridium, and ruthenium; base metals such as copper, nickel, cobalt sulphate, and chrome; and other by-products such as gold and sodium sulphate, with operations across different stages of production. The majority of the company's revenue is derived from the sale of Platinum. Geographically, it generates the maximum revenue from Japan.
79GF Score
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