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B90 HoldingsLSE:B90 Return-on-Tangible-Asset is 54.60% as of Dec. 2025. The stock has 4 warning signs investors should review. Among 857 Travel & Leisure companies, B90 Holdings ranks better than 97.08% 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. B90 Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was £0.76 Mil. B90 Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was £1.39 Mil. Therefore, B90 Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 54.60%.
The historical rank and industry rank for B90 Holdings's Return-on-Tangible-Asset or its related term are showing as below:
LSE:B90'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -583.65 Med: -238.85 Max: 72.62
Current: 28.37
During the past 13 years, B90 Holdings's highest Return-on-Tangible-Asset was 72.62%. The lowest was -583.65%. And the median was -238.85%.
LSE:B90's Return-on-Tangible-Asset is ranked better than 97.08% of 857
companies
in the Travel & Leisure industry
Industry Median: 2.86
vs LSE:B90: 28.37
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.
B90 Holdings Return-on-Tangible-Asset Related Terms
B90 Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for B90 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.
LSE:B90 vs FLUT, DKNG, SGHC: Return-on-Tangible-Asset Comparison
For the Gambling subindustry, B90 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.
B90 Holdings Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, B90 Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where B90 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 54.60% mean?
B90 Holdings (LSE:B90) has a Return-on-Tangible-Asset of 54.60% 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 B90 Holdings and its competitors. According to the industry distribution chart, B90 Holdings ranks #25 out of 857 companies in the Travel & Leisure industry, placing it in the top 2.9%.
Is B90 Holdings' Return-on-Tangible-Asset too high?
B90 Holdings' current Return-on-Tangible-Asset is 54.60%. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.86. B90 Holdings' value of 54.60% is 1809.1% above this industry median. Based on the distribution chart, B90 Holdings ranks #25 out of 857 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers.
How does B90 Holdings' Return-on-Tangible-Asset compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, B90 Holdings ranks #25 out of 857 companies for Return-on-Tangible-Asset. This places B90 Holdings in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.86. B90 Holdings' value of 54.60% is 1809.1% above this benchmark. 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.86, based on 857 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. B90 Holdings's current Return-on-Tangible-Asset of 54.60% is 1809.1% 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 B90 Holdings and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B90 Holdings's current Return-on-Tangible-Asset is 54.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B90 Holdings stock overvalued right now?
Based on GuruFocus' analysis, B90 Holdings (LSE:B90) is currently considered Significantly Undervalued. The stock's GF Value™ is £0.07, compared to a current price of £0.03 — trading 58.6% below its estimated fair value. The current Return-on-Tangible-Asset is 54.60% and 1809.1% above the Travel & Leisure industry median of 2.86. 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 B90 Holdings (LSE:B90), the current Return-on-Tangible-Asset is 54.60% 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.
B90 Holdings PLC is a gambling company. The company is engaged in offering online Sportsbook and Casino operations, casino products as well as marketing activities for other online gaming companies. The company earns maximum revenue from Affiliate marketing commissions.
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