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Safestore HoldingsLSE:SAFE -1.39%77 Return-on-Tangible-Asset is 1.85% as of Apr. 2026, which is 82% below its 10-year median of 10.35. GuruFocus rates LSE:SAFE with a GF Score™ of 77/100 and a GF Value™ of £8.11 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 933 REITs companies, Safestore Holdings ranks worse than 65.06% 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. Safestore Holdings's annualizedNet Income for the quarter that ended in Apr. 2026 was £66.8 Mil. Safestore Holdings's average total tangible assets for the quarter that ended in Apr. 2026 was £3,605.9 Mil. Therefore, Safestore Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 1.85%.
The historical rank and industry rank for Safestore Holdings's Return-on-Tangible-Asset or its related term are showing as below:
LSE:SAFE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.82 Med: 10.35 Max: 20.01
Current: 1.82
During the past 13 years, Safestore Holdings's highest Return-on-Tangible-Asset was 20.01%. The lowest was 1.82%. And the median was 10.35%.
LSE:SAFE's Return-on-Tangible-Asset is ranked worse than 65.06% of 933
companies
in the REITs industry
Industry Median: 3.27
vs LSE:SAFE: 1.82
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.
Safestore Holdings Return-on-Tangible-Asset Related Terms
Safestore Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Safestore 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:SAFE vs PLD, PSA, EXR: Return-on-Tangible-Asset Comparison
For the REIT - Industrial subindustry, Safestore 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.
Safestore Holdings Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Safestore Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Safestore 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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.85% mean?
Safestore Holdings (LSE:SAFE) has a Return-on-Tangible-Asset of 1.85% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Safestore Holdings and its competitors. This is 82% below median its historical median of 10.35. Over the past decade, Safestore Holdings' Return-on-Tangible-Asset has ranged from 1.82 to 20.01. According to the industry distribution chart, Safestore Holdings ranks #607 out of 933 companies in the REITs industry, placing it in the top 65.1%.
Is Safestore Holdings' Return-on-Tangible-Asset too high?
Safestore Holdings' current Return-on-Tangible-Asset of 1.85% is 82% below median its 10-year median of 10.35. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 20.01. The REITs industry median Return-on-Tangible-Asset is 3.27. Safestore Holdings' value of 1.85% is 43.4% below this industry median. Based on the distribution chart, Safestore Holdings ranks #607 out of 933 companies in the REITs industry, which is below the industry midpoint. Overall, Safestore Holdings has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Safestore Holdings' Return-on-Tangible-Asset compare to PLD and PSA?
According to the REITs industry distribution chart, Safestore Holdings ranks #607 out of 933 companies for Return-on-Tangible-Asset. This places Safestore Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.27. Safestore Holdings' value of 1.85% is 43.4% below this benchmark. Historically, Safestore Holdings' own Return-on-Tangible-Asset has ranged from 1.82 to 20.01 over the past decade. While the company's 10-year median is 10.35 vs. the industry median of 3.27, Safestore Holdings has consistently been below 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 933 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. Safestore Holdings's current Return-on-Tangible-Asset of 1.85% is 43.4% below 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 Safestore Holdings 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. Safestore Holdings's current Return-on-Tangible-Asset is 1.85%, which is 82% below median its own 10-year median of 10.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safestore Holdings stock overvalued right now?
Based on GuruFocus' analysis, Safestore Holdings (LSE:SAFE) is currently considered Modestly Undervalued. The stock's GF Value™ is £8.11, compared to a current price of £6.03 — trading 25.6% below its estimated fair value. The current Return-on-Tangible-Asset is 1.85%, which is 82% below median its 10-year median of 10.35 and 43.4% below the REITs industry median of 3.27. Safestore Holdings' overall GF Score™ is 77/100 with 6 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 Safestore Holdings (LSE:SAFE), the current Return-on-Tangible-Asset is 1.85% as of Apr. 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 Safestore Holdings (LSE:SAFE) Overvalued in 2026?
Based on GuruFocus' analysis, Safestore Holdings stock appears to be undervalued.
The current stock price of £6.03 is trading 25.6% below its estimated GF Value™ of £8.11.
GuruFocus considers Safestore Holdings to be Modestly Undervalued.
Key valuation signals for LSE:SAFE:
Return-on-Tangible-Asset: 1.85% (82% below median its 10-year median of 10.35)
GF Value™: £8.11 vs. price of £6.03 (25.6% below fair value)
Industry Position: 43.4% below the REITs median (#607 of 933)
No single metric tells the full story. See the LSE:SAFE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safestore Holdings PLC is a real estate investment trust that owns and leases storage space located in Paris and the United Kingdom. The company focuses on provision of self-storage accommodation and related services. The company operates in three segments based on geographical areas, being the United Kingdom, Paris in France and Expansion Markets (Spain, the Netherlands and Belgium). It also derives revenue from the rental of self-storage space and the sale of ancillary products such as StoreProtect and merchandise (e.g. packing materials and padlocks).
77GF Score
Get the complete analysis for LSE:SAFE
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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