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.
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.
Incap OyjLTS:0ERY +0.18%90 Return-on-Tangible-Asset is 7.68% as of Mar. 2026, which is 53% below its 10-year median of 16.34. GuruFocus rates LTS:0ERY with a GF Score™ of 90/100 and a GF Value™ of €10.96 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,503 Hardware companies, Incap Oyj ranks better than 77.71% 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. Incap Oyj's annualizedNet Income for the quarter that ended in Mar. 2026 was €15.5 Mil. Incap Oyj's average total tangible assets for the quarter that ended in Mar. 2026 was €201.3 Mil. Therefore, Incap Oyj's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.68%.
The historical rank and industry rank for Incap Oyj's Return-on-Tangible-Asset or its related term are showing as below:
LTS:0ERY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.07 Med: 16.34 Max: 23.13
Current: 7.24
During the past 13 years, Incap Oyj's highest Return-on-Tangible-Asset was 23.13%. The lowest was 7.07%. And the median was 16.34%.
LTS:0ERY's Return-on-Tangible-Asset is ranked better than 77.71% of 2503
companies
in the Hardware industry
Industry Median: 2.44
vs LTS:0ERY: 7.24
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.
Incap Oyj Return-on-Tangible-Asset Related Terms
Incap Oyj Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Incap Oyj'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.
LTS:0ERY vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Incap Oyj'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.
Incap Oyj Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Incap Oyj's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Incap Oyj'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.68% mean?
Incap Oyj (LTS:0ERY) has a Return-on-Tangible-Asset of 7.68% 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 Incap Oyj and its competitors. This is 53% below median its historical median of 16.34. Over the past decade, Incap Oyj's Return-on-Tangible-Asset has ranged from 7.07 to 23.13. According to the industry distribution chart, Incap Oyj ranks #558 out of 2503 companies in the Hardware industry, placing it in the top 22.3%.
Is Incap Oyj's Return-on-Tangible-Asset too high?
Incap Oyj's current Return-on-Tangible-Asset of 7.68% is 53% below median its 10-year median of 16.34. Over the past 10 years, this metric has ranged from a low of 7.07 to a high of 23.13. The Hardware industry median Return-on-Tangible-Asset is 2.44. Incap Oyj's value of 7.68% is 214.8% above this industry median. Based on the distribution chart, Incap Oyj ranks #558 out of 2503 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Incap Oyj has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Incap Oyj's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Incap Oyj ranks #558 out of 2503 companies for Return-on-Tangible-Asset. This places Incap Oyj in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.44. Incap Oyj's value of 7.68% is 214.8% above this benchmark. Historically, Incap Oyj's own Return-on-Tangible-Asset has ranged from 7.07 to 23.13 over the past decade. While the company's 10-year median is 16.34 vs. the industry median of 2.44, Incap Oyj 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.44, based on 2,503 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. Incap Oyj's current Return-on-Tangible-Asset of 7.68% is 214.8% 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 Incap Oyj and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Incap Oyj's current Return-on-Tangible-Asset is 7.68%, which is 53% below median its own 10-year median of 16.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Incap Oyj stock overvalued right now?
Based on GuruFocus' analysis, Incap Oyj (LTS:0ERY) is currently considered Modestly Undervalued. The stock's GF Value™ is €10.96, compared to a current price of €8.58 — trading 21.7% below its estimated fair value. The current Return-on-Tangible-Asset is 7.68%, which is 53% below median its 10-year median of 16.34 and 214.8% above the Hardware industry median of 2.44. Incap Oyj's overall GF Score™ is 90/100 with 2 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 Incap Oyj (LTS:0ERY), the current Return-on-Tangible-Asset is 7.68% 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 Incap Oyj (LTS:0ERY) Overvalued in 2026?
Based on GuruFocus' analysis, Incap Oyj stock appears to be undervalued.
The current stock price of €8.58 is trading 21.7% below its estimated GF Value™ of €10.96.
GuruFocus considers Incap Oyj to be Modestly Undervalued.
Key valuation signals for LTS:0ERY:
Return-on-Tangible-Asset: 7.68% (53% below median its 10-year median of 16.34)
GF Value™: €10.96 vs. price of €8.58 (21.7% below fair value)
Industry Position: 214.8% above the Hardware median (#558 of 2503)
No single metric tells the full story. See the LTS:0ERY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Incap Oyj operates as a full-service provider in Electronics Manufacturing Services (EMS), supporting customers ranging from large multinational corporations, mid-sized companies, and small start-ups across the complete manufacturing value chain. Its services include material procurement, prototyping and engineering, production ramp-up, serial production, design, project management, final assembly, testing, and logistics, along with key offerings such as prototyping and engineering, PCB assembly manufacturing, box-build assembly, and customised solutions. The Company operates across Europe, North America, Asia, Africa, and Australia, with Europe generating the majority of its revenue.
90GF Score
Get the complete analysis for LTS:0ERY
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LTS:0ERY has been successfully added to your 
