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Kernel HoldingKARNF 64 Return-on-Tangible-Asset is 10.22% as of Mar. 2026, which is 37% above its 10-year median of 7.45. GuruFocus rates KARNF with a GF Score™ of 64/100 and a GF Value™ of $3.55. The stock has 1 warning sign investors should review. Among 313 Retail - Defensive companies, Kernel Holding ranks better than 70.93% 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. Kernel Holding's annualizedNet Income for the quarter that ended in Mar. 2026 was $355 Mil. Kernel Holding's average total tangible assets for the quarter that ended in Mar. 2026 was $3,475 Mil. Therefore, Kernel Holding's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.22%.
The historical rank and industry rank for Kernel Holding's Return-on-Tangible-Asset or its related term are showing as below:
KARNF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.05 Med: 7.45 Max: 17.03
Current: 6.78
During the past 13 years, Kernel Holding's highest Return-on-Tangible-Asset was 17.03%. The lowest was -1.05%. And the median was 7.45%.
KARNF's Return-on-Tangible-Asset is ranked better than 70.93% of 313
companies
in the Retail - Defensive industry
Industry Median: 3.86
vs KARNF: 6.78
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.
Kernel Holding Return-on-Tangible-Asset Related Terms
Kernel Holding Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kernel Holding'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.
KARNF vs SYY, USFD, PFGC: Return-on-Tangible-Asset Comparison
For the Food Distribution subindustry, Kernel Holding'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.
Kernel Holding Return-on-Tangible-Asset vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Kernel Holding's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kernel Holding'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 10.22% mean?
Kernel Holding (KARNF) has a Return-on-Tangible-Asset of 10.22% 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 Kernel Holding and its competitors. This is 37% above median its historical median of 7.45. According to the industry distribution chart, Kernel Holding ranks #91 out of 313 companies in the Retail - Defensive industry, placing it in the top 29.1%.
Is Kernel Holding's Return-on-Tangible-Asset too high?
Kernel Holding's current Return-on-Tangible-Asset of 10.22% is 37% above median its 10-year median of 7.45. The Retail - Defensive industry median Return-on-Tangible-Asset is 3.86. Kernel Holding's value of 10.22% is 164.8% above this industry median. Based on the distribution chart, Kernel Holding ranks #91 out of 313 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Kernel Holding has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Kernel Holding's Return-on-Tangible-Asset compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Kernel Holding ranks #91 out of 313 companies for Return-on-Tangible-Asset. This puts Kernel Holding in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.86. Kernel Holding's value of 10.22% is 164.8% above this benchmark. While the company's 10-year median is 7.45 vs. the industry median of 3.86, Kernel Holding 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 Retail - Defensive company?
The median Return-on-Tangible-Asset among Retail - Defensive companies is 3.86, based on 313 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. Kernel Holding's current Return-on-Tangible-Asset of 10.22% is 164.8% 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 Kernel Holding and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Asset is 3.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kernel Holding's current Return-on-Tangible-Asset is 10.22%, which is 37% above median its own 10-year median of 7.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kernel Holding stock overvalued right now?
Kernel Holding (KARNF) has a current Return-on-Tangible-Asset of 10.22%. The stock's GF Value™ is $3.55, compared to a current price of $5.20 — trading 46.5% above its estimated fair value. The current Return-on-Tangible-Asset is 10.22%, which is 37% above median its 10-year median of 7.45 and 164.8% above the Retail - Defensive industry median of 3.86. Kernel Holding's overall GF Score™ is 64/100 with 1 warning sign 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 Kernel Holding (KARNF), the current Return-on-Tangible-Asset is 10.22% 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 Kernel Holding (KARNF) Overvalued in 2026?
Based on GuruFocus' analysis, Kernel Holding stock appears to be overvalued.
The current stock price of $5.20 is trading 46.5% above its estimated GF Value™ of $3.55.
Key valuation signals for KARNF:
Return-on-Tangible-Asset: 10.22% (37% above median its 10-year median of 7.45)
GF Value™: $3.55 vs. price of $5.20 (46.5% above fair value)
Industry Position: 164.8% above the Retail - Defensive median (#91 of 313)
No single metric tells the full story. See the KARNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kernel Holding SA is an investment holding company. The company's segment includes Oilseed Processing; Infrastructure and Trading and Farming. It generates maximum revenue from the Infrastructure and Trading segment. The Infrastructure and Trading segment includes sourcing and merchandising of wholesale edible oils, grain, provision of silo services, grain handling and transshipment services.
64GF Score
Get the complete analysis for KARNF
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