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NORMA Group SELTS:0P38 -0.92%66 Return-on-Tangible-Asset is 111.81% as of Mar. 2026, which is 1978% above its 10-year median of 5.38. GuruFocus rates LTS:0P38 with a GF Score™ of 66/100 and a GF Value™ of €12.52 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 3,078 Industrial Products companies, NORMA Group SE ranks better than 98.34% 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. NORMA Group SE's annualizedNet Income for the quarter that ended in Mar. 2026 was €1,241.3 Mil. NORMA Group SE's average total tangible assets for the quarter that ended in Mar. 2026 was €1,110.2 Mil. Therefore, NORMA Group SE's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 111.81%.
The historical rank and industry rank for NORMA Group SE's Return-on-Tangible-Asset or its related term are showing as below:
LTS:0P38'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.44 Med: 5.38 Max: 23.08
Current: 23.08
During the past 13 years, NORMA Group SE's highest Return-on-Tangible-Asset was 23.08%. The lowest was -8.44%. And the median was 5.38%.
LTS:0P38's Return-on-Tangible-Asset is ranked better than 98.34% of 3078
companies
in the Industrial Products industry
Industry Median: 3.26
vs LTS:0P38: 23.08
NORMA Group SE (LTS:0P38) 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.
NORMA Group SE Return-on-Tangible-Asset Related Terms
NORMA Group SE Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NORMA Group SE'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:0P38 vs CRS, ATI, MLI: Return-on-Tangible-Asset Comparison
For the Metal Fabrication subindustry, NORMA Group SE'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.
NORMA Group SE Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, NORMA Group SE's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NORMA Group SE'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 111.81% mean?
NORMA Group SE (LTS:0P38) has a Return-on-Tangible-Asset of 111.81% 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 NORMA Group SE and its competitors. This is 1978% above median its historical median of 5.38. According to the industry distribution chart, NORMA Group SE ranks #51 out of 3078 companies in the Industrial Products industry, placing it in the top 1.7%.
Is NORMA Group SE's Return-on-Tangible-Asset too high?
NORMA Group SE's current Return-on-Tangible-Asset of 111.81% is 1978% above median its 10-year median of 5.38. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. NORMA Group SE's value of 111.81% is 3329.8% above this industry median. Based on the distribution chart, NORMA Group SE ranks #51 out of 3078 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, NORMA Group SE has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NORMA Group SE's Return-on-Tangible-Asset compare to CRS and ATI?
According to the Industrial Products industry distribution chart, NORMA Group SE ranks #51 out of 3078 companies for Return-on-Tangible-Asset. This places NORMA Group SE in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. NORMA Group SE's value of 111.81% is 3329.8% above this benchmark. While the company's 10-year median is 5.38 vs. the industry median of 3.26, NORMA Group SE 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,078 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. NORMA Group SE's current Return-on-Tangible-Asset of 111.81% is 3329.8% 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 NORMA Group SE and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NORMA Group SE's current Return-on-Tangible-Asset is 111.81%, which is 1978% above median its own 10-year median of 5.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NORMA Group SE stock overvalued right now?
Based on GuruFocus' analysis, NORMA Group SE (LTS:0P38) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.52, compared to a current price of €18.29 — trading 46.1% above its estimated fair value. The current Return-on-Tangible-Asset is 111.81%, which is 1978% above median its 10-year median of 5.38 and 3329.8% above the Industrial Products industry median of 3.26. NORMA Group SE's overall GF Score™ is 66/100 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 NORMA Group SE (LTS:0P38), the current Return-on-Tangible-Asset is 111.81% 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 NORMA Group SE (LTS:0P38) Overvalued in 2026?
Based on GuruFocus' analysis, NORMA Group SE stock appears to be overvalued.
The current stock price of €18.29 is trading 46.1% above its estimated GF Value™ of €12.52.
GuruFocus considers NORMA Group SE to be Significantly Overvalued.
Key valuation signals for LTS:0P38:
Return-on-Tangible-Asset: 111.81% (1978% above median its 10-year median of 5.38)
GF Value™: €12.52 vs. price of €18.29 (46.1% above fair value)
Industry Position: 3329.8% above the Industrial Products median (#51 of 3078)
No single metric tells the full story. See the LTS:0P38 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NORMA Group SE manufactures a wide range of joining technology solutions. Its product offerings include hose clamps, heavy-duty clamps, ear clips, cable ties, pipe couplings, plast connectors, etc. The products are used in various industries and can be found in vehicles, household appliances, engines, plumbing systems, and medical fields. The company's operations are managed in three regional reportable segments: EMEA (Europe, Middle East, Africa), the Americas (North, Central, and South America), and Asia-Pacific (East Asia, Southeast Asia, Australia, and Oceania). The majority of its revenue is generated from the EMEA region.
66GF Score
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