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Kenon HoldingsKEN +1.92%64 Return-on-Tangible-Asset is 1.79% as of Mar. 2026, which is 76% below its 10-year median of 7.50. GuruFocus rates KEN with a GF Score™ of 64/100 and a GF Value™ of $45.03 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 452 Utilities - Independent Power Producers companies, Kenon Holdings ranks better than 55.53% 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. Kenon Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was $104 Mil. Kenon Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was $5,804 Mil. Therefore, Kenon Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.79%.
The historical rank and industry rank for Kenon Holdings's Return-on-Tangible-Asset or its related term are showing as below:
KEN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.06 Med: 7.5 Max: 29.56
Current: 1.65
During the past 13 years, Kenon Holdings's highest Return-on-Tangible-Asset was 29.56%. The lowest was -9.06%. And the median was 7.50%.
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.
Kenon Holdings Return-on-Tangible-Asset Related Terms
Kenon Holdings Return-on-Tangible-Asset Historical Data
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The historical data trend for Kenon 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.
KEN vs HNRG, OKLO, CEG: Return-on-Tangible-Asset Comparison
For the Utilities - Independent Power Producers subindustry, Kenon 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.
Kenon Holdings Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Kenon Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kenon 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.79% mean?
Kenon Holdings (KEN) has a Return-on-Tangible-Asset of 1.79% 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 Kenon Holdings and its competitors. This is 76% below median its historical median of 7.50. According to the industry distribution chart, Kenon Holdings ranks #201 out of 452 companies in the Utilities - Independent Power Producers industry, placing it in the top 44.5%.
Is Kenon Holdings' Return-on-Tangible-Asset too high?
Kenon Holdings' current Return-on-Tangible-Asset of 1.79% is 76% below median its 10-year median of 7.50. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.26. Kenon Holdings' value of 1.79% is 42.1% above this industry median. Based on the distribution chart, Kenon Holdings ranks #201 out of 452 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Kenon Holdings has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kenon Holdings' Return-on-Tangible-Asset compare to HNRG and OKLO?
According to the Utilities - Independent Power Producers industry distribution chart, Kenon Holdings ranks #201 out of 452 companies for Return-on-Tangible-Asset. This puts Kenon Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.26. Kenon Holdings' value of 1.79% is 42.1% above this benchmark. While the company's 10-year median is 7.50 vs. the industry median of 1.26, Kenon Holdings 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.26, based on 452 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. Kenon Holdings's current Return-on-Tangible-Asset of 1.79% is 42.1% 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 Kenon Holdings and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kenon Holdings's current Return-on-Tangible-Asset is 1.79%, which is 76% below median its own 10-year median of 7.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kenon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kenon Holdings (KEN) is currently considered Significantly Overvalued. The stock's GF Value™ is $45.03, compared to a current price of $69.37 — trading 54.1% above its estimated fair value. The current Return-on-Tangible-Asset is 1.79%, which is 76% below median its 10-year median of 7.50 and 42.1% above the Utilities - Independent Power Producers industry median of 1.26. Kenon Holdings' overall GF Score™ is 64/100 with 7 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 Kenon Holdings (KEN), the current Return-on-Tangible-Asset is 1.79% 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 Kenon Holdings (KEN) Overvalued in 2026?
Based on GuruFocus' analysis, Kenon Holdings stock appears to be overvalued.
The current stock price of $69.37 is trading 54.1% above its estimated GF Value™ of $45.03.
GuruFocus considers Kenon Holdings to be Significantly Overvalued.
Key valuation signals for KEN:
Return-on-Tangible-Asset: 1.79% (76% below median its 10-year median of 7.50)
GF Value™: $45.03 vs. price of $69.37 (54.1% above fair value)
Industry Position: 42.1% above the Utilities - Independent Power Producers median (#201 of 452)
No single metric tells the full story. See the KEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kenon Holdings Ltd is a holding company that operates dynamic, growth-oriented businesses. The company's operating segments include: OPC Power Plants, which generates and supplies electricity and energy in Israel; and CPV Group, which generates and supplies electricity and energy in the United States. It generates maximum revenue from the OPC Power Plants segment, which generates and supplies electricity and energy in Israel. CPV Group is a limited partnership owned by OPC, which generates and supplies electricity and energy in the United States. Geographically, the company generates a majority of its revenue from Israel and the rest from the United States.
64GF Score
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