London SecurityLSE:LSC 89 Return-on-Tangible-Asset is 20.64% as of Dec. 2025, which is 9% above its 10-year median of 19.01. GuruFocus rates LSE:LSC with a GF Score™ of 89/100 and a GF Value™ of £39.25 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,096 Business Services companies, London Security ranks better than 90.15% 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. London Security's annualizedNet Income for the quarter that ended in Dec. 2025 was £30.2 Mil. London Security's average total tangible assets for the quarter that ended in Dec. 2025 was £146.3 Mil. Therefore, London Security's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 20.64%.
The historical rank and industry rank for London Security's Return-on-Tangible-Asset or its related term are showing as below:
LSE:LSC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 16.95 Med: 19.01 Max: 20.38
Current: 16.95
During the past 13 years, London Security's highest Return-on-Tangible-Asset was 20.38%. The lowest was 16.95%. And the median was 19.01%.
LSE:LSC's Return-on-Tangible-Asset is ranked better than 90.15% of 1096
companies
in the Business Services industry
Industry Median: 3.955
vs LSE:LSC: 16.95
London Security (LSE:LSC) Return-on-Tangible-Asset Explanation
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.
London Security Return-on-Tangible-Asset Related Terms
London Security Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for London Security'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:LSC vs ALLE, MSA, ADT: Return-on-Tangible-Asset Comparison
For the Security & Protection Services subindustry, London Security'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.
London Security Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, London Security's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where London Security'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 20.64% mean?
London Security (LSE:LSC) has a Return-on-Tangible-Asset of 20.64% 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 London Security and its competitors. This is near median its historical median of 19.01. Over the past decade, London Security's Return-on-Tangible-Asset has ranged from 16.95 to 20.38. According to the industry distribution chart, London Security ranks #108 out of 1096 companies in the Business Services industry, placing it in the top 9.9%.
Is London Security's Return-on-Tangible-Asset too high?
London Security's current Return-on-Tangible-Asset of 20.64% is near median its 10-year median of 19.01. Over the past 10 years, this metric has ranged from a low of 16.95 to a high of 20.38. The Business Services industry median Return-on-Tangible-Asset is 3.96. London Security's value of 20.64% is 421.9% above this industry median. Based on the distribution chart, London Security ranks #108 out of 1096 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, London Security has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does London Security's Return-on-Tangible-Asset compare to ALLE and MSA?
According to the Business Services industry distribution chart, London Security ranks #108 out of 1096 companies for Return-on-Tangible-Asset. This places London Security in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.96. London Security's value of 20.64% is 421.9% above this benchmark. Historically, London Security's own Return-on-Tangible-Asset has ranged from 16.95 to 20.38 over the past decade. While the company's 10-year median is 19.01 vs. the industry median of 3.96, London Security 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.96, based on 1,096 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. London Security's current Return-on-Tangible-Asset of 20.64% is 421.9% 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 London Security and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. London Security's current Return-on-Tangible-Asset is 20.64%, which is near median its own 10-year median of 19.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is London Security stock overvalued right now?
Based on GuruFocus' analysis, London Security (LSE:LSC) is currently considered Modestly Undervalued. The stock's GF Value™ is £39.25, compared to a current price of £35.00 — trading 10.8% below its estimated fair value. The current Return-on-Tangible-Asset is 20.64%, which is near median its 10-year median of 19.01 and 421.9% above the Business Services industry median of 3.96. London Security's overall GF Score™ is 89/100 with 3 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 London Security (LSE:LSC), the current Return-on-Tangible-Asset is 20.64% 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.
Is London Security (LSE:LSC) Overvalued in 2026?
Based on GuruFocus' analysis, London Security stock appears to be undervalued.
The current stock price of £35.00 is trading 10.8% below its estimated GF Value™ of £39.25.
GuruFocus considers London Security to be Modestly Undervalued.
Key valuation signals for LSE:LSC:
Return-on-Tangible-Asset: 20.64% (near median its 10-year median of 19.01)
GF Value™: £39.25 vs. price of £35.00 (10.8% below fair value)
Industry Position: 421.9% above the Business Services median (#108 of 1096)
No single metric tells the full story. See the LSE:LSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
London Security PLC is an investment holding company that provides fire protection services and products. The business activity of the group functions through the United Kingdom, Belgium, the Netherlands, Austria, and the Rest of Europe. It derives revenue from the Outright sale of equipment, Maintenance, service, installation, and Equipment rental activity. The company's products are marketed under the Nu-Swift, Ansul, Total, and Master brands. The group operates in a single segment, which is the provision and maintenance of fire protection and security equipment in Europe.
89GF 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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