Tandem Group (LSE:TND) Return-on-Tangible-Asset: 8.68% (As of Dec. 2025) — 31% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LSE:TND Tandem Group PLC LSE:TND
56 GF Score
Price £1.80
GF Value £1.98
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Tandem Group Return-on-Tangible-Asset?

Tandem Group LSE:TND 56 Return-on-Tangible-Asset is 8.68% as of Dec. 2025, which is 31% above its 10-year median of 6.62. GuruFocus rates LSE:TND with a GF Score™ of 56/100 and a GF Value™ of £1.98 (Fairly Valued). The stock has 5 warning signs investors should review. Among 856 Travel & Leisure companies, Tandem Group ranks better than 50.82% 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. Tandem Group's annualized Net Income for the quarter that ended in Dec. 2025 was £2.46 Mil. Tandem Group's average total tangible assets for the quarter that ended in Dec. 2025 was £28.30 Mil. Therefore, Tandem Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 8.68%.

The historical rank and industry rank for Tandem Group's Return-on-Tangible-Asset or its related term are showing as below:

LSE:TND' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.3   Med: 6.62   Max: 14.51
Current: 2.96

During the past 13 years, Tandem Group's highest Return-on-Tangible-Asset was 14.51%. The lowest was -4.30%. And the median was 6.62%.

LSE:TND's Return-on-Tangible-Asset is ranked better than
50.82% of 856 companies
in the Travel & Leisure industry
Industry Median: 2.83 vs LSE:TND: 2.96

Tandem Group  (LSE:TND) 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 company’s 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 company’s 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.


Tandem Group Return-on-Tangible-Asset Related Terms


Tandem Group Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Tandem Group'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.

Tandem Group Return-on-Tangible-Asset Chart

Tandem Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.56 2.09 -4.30 -0.21 2.88

Tandem Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.95 -4.37 3.77 -2.68 8.68

LSE:TND vs AS, HAS, LTH: Return-on-Tangible-Asset Comparison

For the Leisure subindustry, Tandem Group'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.


Tandem Group Return-on-Tangible-Asset vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tandem Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Tandem Group's Return-on-Tangible-Asset falls into.


LSE:TND
56GF Score
Tandem Group PLC LSE:TND
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tandem Group Return-on-Tangible-Asset Calculation

Tandem Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=0.85/( (29.432+29.539)/ 2 )
=0.85/29.4855
=2.88 %

Tandem Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=2.456/( (27.055+29.539)/ 2 )
=2.456/28.297
=8.68 %

* 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 8.68% mean?
Tandem Group (LSE:TND) has a Return-on-Tangible-Asset of 8.68% 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 Tandem Group and its competitors. This is 31% above median its historical median of 6.62. According to the industry distribution chart, Tandem Group ranks #421 out of 856 companies in the Travel & Leisure industry, placing it in the top 49.2%.
Is Tandem Group's Return-on-Tangible-Asset too high?
Tandem Group's current Return-on-Tangible-Asset of 8.68% is 31% above median its 10-year median of 6.62. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.83. Tandem Group's value of 8.68% is 206.7% above this industry median. Based on the distribution chart, Tandem Group ranks #421 out of 856 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Tandem Group has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tandem Group's Return-on-Tangible-Asset compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Tandem Group ranks #421 out of 856 companies for Return-on-Tangible-Asset. This puts Tandem Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.83. Tandem Group's value of 8.68% is 206.7% above this benchmark. While the company's 10-year median is 6.62 vs. the industry median of 2.83, Tandem Group 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.83, based on 856 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. Tandem Group's current Return-on-Tangible-Asset of 8.68% is 206.7% 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 Tandem Group and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tandem Group's current Return-on-Tangible-Asset is 8.68%, which is 31% above median its own 10-year median of 6.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tandem Group stock overvalued right now?
Based on GuruFocus' analysis, Tandem Group (LSE:TND) is currently considered Fairly Valued. The stock's GF Value™ is £1.98, compared to a current price of £1.80 — trading 9.1% below its estimated fair value. The current Return-on-Tangible-Asset is 8.68%, which is 31% above median its 10-year median of 6.62 and 206.7% above the Travel & Leisure industry median of 2.83. Tandem Group's overall GF Score™ is 56/100 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 Tandem Group (LSE:TND), the current Return-on-Tangible-Asset is 8.68% 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 Tandem Group (LSE:TND) Overvalued in 2026?

Based on GuruFocus' analysis, Tandem Group stock appears to be undervalued. The current stock price of £1.80 is trading 9.1% below its estimated GF Value™ of £1.98. GuruFocus considers Tandem Group to be Fairly Valued.

Key valuation signals for LSE:TND:

  • Return-on-Tangible-Asset: 8.68% (31% above median its 10-year median of 6.62)
  • GF Value™: £1.98 vs. price of £1.80 (9.1% below fair value)
  • GF Score™: 56/100 with 5 warning signs
  • Industry Position: 206.7% above the Travel & Leisure median (#421 of 856)

No single metric tells the full story. See the LSE:TND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tandem Group Business Description

Address 35 Tameside Drive, Castle Bromwich, Birmingham, GBR, B35 7AG
Tandem Group PLC is a designer, developer, distributor, and retailer of sports, leisure, and mobility products. Its products include bicycles and accessories, football training equipment, garden and camping, homewares and household appliances, mobility, outdoor play, snooker, pool and table sports, wheeled toys, and golf equipment, which are sold under various brands including Boss, Exile, Scorpion, Carpzone, Kickmaster, Windbar, Airwave, Disney, Shopkins, and Trolls. It has four segments: Toys, Sports & Leisure, Bicycles, including electric, Golf, and Home & Garden. The majority of its revenue comes from the Toys, Sports & Leisure segment. Geographically, the company generates maximum revenue from the United Kingdom, followed by Europe and the Rest of the World.
56GF Score

Get the complete analysis for LSE:TND

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£1.80
Price
£1.98
GF Value