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LondonMetric PropertyLSE:LMP +0.27%77 Return-on-Tangible-Asset is 4.10% as of Mar. 2026, which is 13% below its 10-year median of 4.72. GuruFocus rates LSE:LMP with a GF Score™ of 77/100 and a GF Value™ of £2.24 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 934 REITs companies, LondonMetric Property ranks better than 56.64% 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. LondonMetric Property's annualizedNet Income for the quarter that ended in Mar. 2026 was £330.8 Mil. LondonMetric Property's average total tangible assets for the quarter that ended in Mar. 2026 was £8,062.4 Mil. Therefore, LondonMetric Property's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.10%.
The historical rank and industry rank for LondonMetric Property's Return-on-Tangible-Asset or its related term are showing as below:
LSE:LMP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.04 Med: 4.72 Max: 23.39
Current: 3.9
During the past 13 years, LondonMetric Property's highest Return-on-Tangible-Asset was 23.39%. The lowest was -15.04%. And the median was 4.72%.
LSE:LMP's Return-on-Tangible-Asset is ranked better than 56.64% of 934
companies
in the REITs industry
Industry Median: 3.265
vs LSE:LMP: 3.90
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.
LondonMetric Property Return-on-Tangible-Asset Related Terms
LondonMetric Property Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for LondonMetric Property'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:LMP vs PLD, PSA, EXR: Return-on-Tangible-Asset Comparison
For the REIT - Industrial subindustry, LondonMetric Property'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.
LondonMetric Property Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, LondonMetric Property's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where LondonMetric Property'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 4.10% mean?
LondonMetric Property (LSE:LMP) has a Return-on-Tangible-Asset of 4.10% 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 LondonMetric Property and its competitors. This is 13% below median its historical median of 4.72. According to the industry distribution chart, LondonMetric Property ranks #405 out of 934 companies in the REITs industry, placing it in the top 43.4%.
Is LondonMetric Property's Return-on-Tangible-Asset too high?
LondonMetric Property's current Return-on-Tangible-Asset of 4.10% is 13% below median its 10-year median of 4.72. The REITs industry median Return-on-Tangible-Asset is 3.27. LondonMetric Property's value of 4.10% is 25.6% above this industry median. Based on the distribution chart, LondonMetric Property ranks #405 out of 934 companies in the REITs industry, which is above the industry midpoint. Overall, LondonMetric Property has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LondonMetric Property's Return-on-Tangible-Asset compare to PLD and PSA?
According to the REITs industry distribution chart, LondonMetric Property ranks #405 out of 934 companies for Return-on-Tangible-Asset. This puts LondonMetric Property in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.27. LondonMetric Property's value of 4.10% is 25.6% above this benchmark. While the company's 10-year median is 4.72 vs. the industry median of 3.27, LondonMetric Property 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 934 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. LondonMetric Property's current Return-on-Tangible-Asset of 4.10% is 25.6% 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 LondonMetric Property and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LondonMetric Property's current Return-on-Tangible-Asset is 4.10%, which is 13% below median its own 10-year median of 4.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LondonMetric Property stock overvalued right now?
Based on GuruFocus' analysis, LondonMetric Property (LSE:LMP) is currently considered Modestly Undervalued. The stock's GF Value™ is £2.24, compared to a current price of £1.89 — trading 15.6% below its estimated fair value. The current Return-on-Tangible-Asset is 4.10%, which is 13% below median its 10-year median of 4.72 and 25.6% above the REITs industry median of 3.27. LondonMetric Property's overall GF Score™ is 77/100 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 LondonMetric Property (LSE:LMP), the current Return-on-Tangible-Asset is 4.10% 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 LondonMetric Property (LSE:LMP) Overvalued in 2026?
Based on GuruFocus' analysis, LondonMetric Property stock appears to be undervalued.
The current stock price of £1.89 is trading 15.6% below its estimated GF Value™ of £2.24.
GuruFocus considers LondonMetric Property to be Modestly Undervalued.
Key valuation signals for LSE:LMP:
Return-on-Tangible-Asset: 4.10% (13% below median its 10-year median of 4.72)
GF Value™: £2.24 vs. price of £1.89 (15.6% below fair value)
Industry Position: 25.6% above the REITs median (#405 of 934)
No single metric tells the full story. See the LSE:LMP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LondonMetric Property PLC is a real estate company that is engaged in property investment and development across the United Kingdom. The Group operates predominantly in the United Kingdom.
77GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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