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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. Zalaris ASA's annualizedNet Income for the quarter that ended in Mar. 2026 was kr104 Mil. Zalaris ASA's average total tangible assets for the quarter that ended in Mar. 2026 was kr948 Mil. Therefore, Zalaris ASA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.93%.
The historical rank and industry rank for Zalaris ASA's Return-on-Tangible-Asset or its related term are showing as below:
LTS:0QWF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.69 Med: -0.32 Max: 15.95
Current: 5.42
During the past 13 years, Zalaris ASA's highest Return-on-Tangible-Asset was 15.95%. The lowest was -6.69%. And the median was -0.32%.
LTS:0QWF's Return-on-Tangible-Asset is ranked better than 58.01% of 1093
companies
in the Business Services industry
Industry Median: 3.98
vs LTS:0QWF: 5.42
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.
Zalaris ASA Return-on-Tangible-Asset Related Terms
Zalaris ASA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Zalaris ASA'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:0QWF vs KFY, RHI, TNET: Return-on-Tangible-Asset Comparison
For the Staffing & Employment Services subindustry, Zalaris ASA'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.
Zalaris ASA Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Zalaris ASA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zalaris ASA'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 10.93% mean?
Zalaris ASA (LTS:0QWF) has a Return-on-Tangible-Asset of 10.93% 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 Zalaris ASA and its competitors. According to the industry distribution chart, Zalaris ASA ranks #459 out of 1093 companies in the Business Services industry, placing it in the top 42%.
Is Zalaris ASA's Return-on-Tangible-Asset too high?
Zalaris ASA's current Return-on-Tangible-Asset is 10.93%. The Business Services industry median Return-on-Tangible-Asset is 3.98. Zalaris ASA's value of 10.93% is 174.6% above this industry median. Based on the distribution chart, Zalaris ASA ranks #459 out of 1093 companies in the Business Services industry, which is above the industry midpoint. Overall, Zalaris ASA has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zalaris ASA's Return-on-Tangible-Asset compare to KFY and RHI?
According to the Business Services industry distribution chart, Zalaris ASA ranks #459 out of 1093 companies for Return-on-Tangible-Asset. This puts Zalaris ASA in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.98. Zalaris ASA's value of 10.93% is 174.6% above this benchmark. 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,093 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. Zalaris ASA's current Return-on-Tangible-Asset of 10.93% is 174.6% 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 Zalaris ASA and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zalaris ASA's current Return-on-Tangible-Asset is 10.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zalaris ASA stock overvalued right now?
Based on GuruFocus' analysis, Zalaris ASA (LTS:0QWF) is currently considered Fairly Valued. The stock's GF Value™ is kr92.02, compared to a current price of kr99.00 — trading 7.6% above its estimated fair value. The current Return-on-Tangible-Asset is 10.93% and 174.6% above the Business Services industry median of 3.98. Zalaris ASA's overall GF Score™ is 87/100 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 Zalaris ASA (LTS:0QWF), the current Return-on-Tangible-Asset is 10.93% 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 Zalaris ASA (LTS:0QWF) Overvalued in 2026?
Based on GuruFocus' analysis, Zalaris ASA stock appears to be overvalued.
The current stock price of kr99.00 is trading 7.6% above its estimated GF Value™ of kr92.02.
GuruFocus considers Zalaris ASA to be Fairly Valued.
Key valuation signals for LTS:0QWF:
Return-on-Tangible-Asset: 10.93%
GF Value™: kr92.02 vs. price of kr99.00 (7.6% above fair value)
Industry Position: 174.6% above the Business Services median (#459 of 1093)
No single metric tells the full story. See the LTS:0QWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zalaris ASA is a company that offers outsourced personnel and payroll services. The company has two reportable segments: Managed Services and Zalaris Consulting. Managed Services include payroll and HR outsourcing services, cloud system solutions and services, and contribute to the majority of the revenue. The Zalaris Consulting segment includes the implementation of SAP HCM & Payroll and SuccessFactors, based on Zalaris templates, or implementation of customer-specific functionalities. Zalaris operates in Norway, Northern Europe, Central Europe, the UK, Ireland, and APAC.
87GF Score
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