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Kala BioLTS:0JQ2 -1.52%38 Return-on-Tangible-Asset is -59.46% as of Mar. 2026. GuruFocus rates LTS:0JQ2 with a GF Score™ of 38/100 and a GF Value™ of $1.98 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,410 Biotechnology companies, Kala Bio ranks worse than 72.2% 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. Kala Bio's annualizedNet Income for the quarter that ended in Mar. 2026 was $-6.48 Mil. Kala Bio's average total tangible assets for the quarter that ended in Mar. 2026 was $10.90 Mil. Therefore, Kala Bio's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -59.46%.
The historical rank and industry rank for Kala Bio's Return-on-Tangible-Asset or its related term are showing as below:
LTS:0JQ2'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -121.1 Med: -57.31 Max: -39.55
Current: -74.94
During the past 11 years, Kala Bio's highest Return-on-Tangible-Asset was -39.55%. The lowest was -121.10%. And the median was -57.31%.
LTS:0JQ2's Return-on-Tangible-Asset is ranked worse than 72.2% of 1410
companies
in the Biotechnology industry
Industry Median: -35.87
vs LTS:0JQ2: -74.94
Kala Bio (LTS:0JQ2) 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.
Kala Bio Return-on-Tangible-Asset Related Terms
Kala Bio Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kala Bio'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:0JQ2 vs GDTC, GTBP, INAB: Return-on-Tangible-Asset Comparison
For the Biotechnology subindustry, Kala Bio'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.
Kala Bio Return-on-Tangible-Asset vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Kala Bio's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kala Bio'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 -59.46% mean?
Kala Bio (LTS:0JQ2) has a Return-on-Tangible-Asset of -59.46% 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 Kala Bio and its competitors. According to the industry distribution chart, Kala Bio ranks #1018 out of 1410 companies in the Biotechnology industry, placing it in the top 72.2%.
Is Kala Bio's Return-on-Tangible-Asset too high?
Kala Bio's current Return-on-Tangible-Asset is -59.46%. Based on the distribution chart, Kala Bio ranks #1018 out of 1410 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Kala Bio has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kala Bio's Return-on-Tangible-Asset compare to GDTC and GTBP?
According to the Biotechnology industry distribution chart, Kala Bio ranks #1018 out of 1410 companies for Return-on-Tangible-Asset. This places Kala Bio in the lower half of its industry. 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 Biotechnology company?
A good Return-on-Tangible-Asset depends on the Biotechnology industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Kala Bio and its competitors. Kala Bio's current Return-on-Tangible-Asset is -59.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kala Bio stock overvalued right now?
Based on GuruFocus' analysis, Kala Bio (LTS:0JQ2) is currently considered Possible Value Trap. The stock's GF Value™ is $1.98, compared to a current price of $0.71 — trading 64% below its estimated fair value. The current Return-on-Tangible-Asset is -59.46%. Kala Bio's overall GF Score™ is 38/100 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 Kala Bio (LTS:0JQ2), the current Return-on-Tangible-Asset is -59.46% 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 Kala Bio (LTS:0JQ2) Overvalued in 2026?
Based on GuruFocus' analysis, Kala Bio stock appears to be undervalued.
The current stock price of $0.71 is trading 64% below its estimated GF Value™ of $1.98.
GuruFocus considers Kala Bio to be Possible Value Trap.
Key valuation signals for LTS:0JQ2:
Return-on-Tangible-Asset: -59.46%
GF Value™: $1.98 vs. price of $0.71 (64% below fair value)
No single metric tells the full story. See the LTS:0JQ2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kala Bio Inc is a clinical-stage biopharmaceutical company dedicated to the research, development and commercialization of inventive therapies for rare and severe diseases of the front and back of the eye. It main product candidate, KPI-012, is a human MSC-S, which contains numerous human-derived biofactors, such as growth factors, protease inhibitors, matrix proteins, and neurotrophic factors that can potentially correct the impaired corneal healing that is an underlying etiology of multiple severe ocular diseases. Its MSC-S platform is for retinal degenerative diseases, such as Retinitis Pigmentosa and Stargardt Disease.
38GF Score
Get the complete analysis for LTS:0JQ2
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