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HardideLSE:HDD -7.28%38 Return-on-Tangible-Asset is 30.03% as of Mar. 2026. GuruFocus rates LSE:HDD with a GF Score™ of 38/100 and a GF Value™ of £0.15 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,612 Chemicals companies, Hardide ranks better than 97.64% 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. Hardide's annualizedNet Income for the quarter that ended in Mar. 2026 was £2.45 Mil. Hardide's average total tangible assets for the quarter that ended in Mar. 2026 was £8.16 Mil. Therefore, Hardide's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 30.03%.
The historical rank and industry rank for Hardide's Return-on-Tangible-Asset or its related term are showing as below:
LSE:HDD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -29.4 Med: -16.53 Max: 18.66
Current: 18.66
During the past 13 years, Hardide's highest Return-on-Tangible-Asset was 18.66%. The lowest was -29.40%. And the median was -16.53%.
LSE:HDD's Return-on-Tangible-Asset is ranked better than 97.64% of 1612
companies
in the Chemicals industry
Industry Median: 3.07
vs LSE:HDD: 18.66
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.
Hardide Return-on-Tangible-Asset Related Terms
Hardide Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hardide'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:HDD vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Hardide'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.
Hardide Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Hardide's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hardide'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 30.03% mean?
Hardide (LSE:HDD) has a Return-on-Tangible-Asset of 30.03% 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 Hardide and its competitors. According to the industry distribution chart, Hardide ranks #38 out of 1612 companies in the Chemicals industry, placing it in the top 2.4%.
Is Hardide's Return-on-Tangible-Asset too high?
Hardide's current Return-on-Tangible-Asset is 30.03%. The Chemicals industry median Return-on-Tangible-Asset is 3.07. Hardide's value of 30.03% is 878.2% above this industry median. Based on the distribution chart, Hardide ranks #38 out of 1612 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Hardide has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hardide's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Hardide ranks #38 out of 1612 companies for Return-on-Tangible-Asset. This places Hardide in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.07. Hardide's value of 30.03% is 878.2% 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.07, based on 1,612 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. Hardide's current Return-on-Tangible-Asset of 30.03% is 878.2% 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 Hardide and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hardide's current Return-on-Tangible-Asset is 30.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hardide stock overvalued right now?
Based on GuruFocus' analysis, Hardide (LSE:HDD) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.15, compared to a current price of £0.96 — trading 536.7% above its estimated fair value. The current Return-on-Tangible-Asset is 30.03% and 878.2% above the Chemicals industry median of 3.07. Hardide's overall GF Score™ is 38/100 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 Hardide (LSE:HDD), the current Return-on-Tangible-Asset is 30.03% 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 Hardide (LSE:HDD) Overvalued in 2026?
Based on GuruFocus' analysis, Hardide stock appears to be overvalued.
The current stock price of £0.96 is trading 536.7% above its estimated GF Value™ of £0.15.
GuruFocus considers Hardide to be Significantly Overvalued.
Key valuation signals for LSE:HDD:
Return-on-Tangible-Asset: 30.03%
GF Value™: £0.15 vs. price of £0.96 (536.7% above fair value)
Industry Position: 878.2% above the Chemicals median (#38 of 1612)
No single metric tells the full story. See the LSE:HDD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hardide PLC is a UK-based company that acts as a provider of tungsten carbide coatings for metal components operating in abrasive, erosive, corrosive, and chemically aggressive environments. The company provides nanostructured and patented, low-temperature chemical vapour deposition coating which provides wear and corrosion resistance and combines toughness with ductility. It extends the life of critical components across high-value industries and applications including oil and gas, pumps, aerospace, petrochemical, power generation, defense, industrial tooling, and others. The company has it's reportable segments namely UK operation, United States operation and Corporate Central Functions. The majority of the company's revenue is generated from United Kingdom operations.
38GF Score
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