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Honeywell InternationalMEX:HON +1.75%67 Return-on-Tangible-Asset is 45.98% as of Jun. 2026, which is 259% above its 10-year median of 12.80. GuruFocus rates MEX:HON with a GF Score™ of 67/100 and a GF Value™ of MXN3,085.84 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 568 Conglomerates companies, Honeywell International ranks better than 86.62% 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. Honeywell International's annualizedNet Income for the quarter that ended in Jun. 2026 was MXN396,581 Mil. Honeywell International's average total tangible assets for the quarter that ended in Jun. 2026 was MXN862,516 Mil. Therefore, Honeywell International's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 45.98%.
The historical rank and industry rank for Honeywell International's Return-on-Tangible-Asset or its related term are showing as below:
MEX:HON'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.51 Med: 12.8 Max: 18.09
Current: 8.62
During the past 13 years, Honeywell International's highest Return-on-Tangible-Asset was 18.09%. The lowest was 4.51%. And the median was 12.80%.
MEX:HON's Return-on-Tangible-Asset is ranked better than 86.62% of 568
companies
in the Conglomerates industry
Industry Median: 2.735
vs MEX:HON: 8.62
Honeywell International (MEX:HON) 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.
Honeywell International Return-on-Tangible-Asset Related Terms
Honeywell International Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Honeywell International'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.
Honeywell International Return-on-Tangible-Asset Chart
MEX:HON vs MMM, VMI, SEB: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Honeywell International'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.
Honeywell International Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Honeywell International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Honeywell International'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 45.98% mean?
Honeywell International (MEX:HON) has a Return-on-Tangible-Asset of 45.98% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Honeywell International and its competitors. This is 259% above median its historical median of 12.80. Over the past decade, Honeywell International's Return-on-Tangible-Asset has ranged from 4.51 to 18.09. According to the industry distribution chart, Honeywell International ranks #76 out of 568 companies in the Conglomerates industry, placing it in the top 13.4%.
Is Honeywell International's Return-on-Tangible-Asset too high?
Honeywell International's current Return-on-Tangible-Asset of 45.98% is 259% above median its 10-year median of 12.80. Over the past 10 years, this metric has ranged from a low of 4.51 to a high of 18.09. The Conglomerates industry median Return-on-Tangible-Asset is 2.74. Honeywell International's value of 45.98% is 1581.2% above this industry median. Based on the distribution chart, Honeywell International ranks #76 out of 568 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Honeywell International has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Honeywell International's Return-on-Tangible-Asset compare to MMM and VMI?
According to the Conglomerates industry distribution chart, Honeywell International ranks #76 out of 568 companies for Return-on-Tangible-Asset. This places Honeywell International in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.74. Honeywell International's value of 45.98% is 1581.2% above this benchmark. Historically, Honeywell International's own Return-on-Tangible-Asset has ranged from 4.51 to 18.09 over the past decade. While the company's 10-year median is 12.80 vs. the industry median of 2.74, Honeywell International 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.74, based on 568 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. Honeywell International's current Return-on-Tangible-Asset of 45.98% is 1581.2% 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 Honeywell International and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeywell International's current Return-on-Tangible-Asset is 45.98%, which is 259% above median its own 10-year median of 12.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeywell International stock overvalued right now?
Based on GuruFocus' analysis, Honeywell International (MEX:HON) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN3,085.84, compared to a current price of MXN4,125.00 — trading 33.7% above its estimated fair value. The current Return-on-Tangible-Asset is 45.98%, which is 259% above median its 10-year median of 12.80 and 1581.2% above the Conglomerates industry median of 2.74. Honeywell International's overall GF Score™ is 67/100 with 8 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 Honeywell International (MEX:HON), the current Return-on-Tangible-Asset is 45.98% as of Jun. 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 Honeywell International (MEX:HON) Overvalued in 2026?
Based on GuruFocus' analysis, Honeywell International stock appears to be overvalued.
The current stock price of MXN4,125.00 is trading 33.7% above its estimated GF Value™ of MXN3,085.84.
GuruFocus considers Honeywell International to be Significantly Overvalued.
Key valuation signals for MEX:HON:
Return-on-Tangible-Asset: 45.98% (259% above median its 10-year median of 12.80)
GF Value™: MXN3,085.84 vs. price of MXN4,125.00 (33.7% above fair value)
Industry Position: 1581.2% above the Conglomerates median (#76 of 568)
No single metric tells the full story. See the MEX:HON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies, industrial automation, energy and sustainability solutions, and building automation. Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around one third of its revenue from recurring aftermarket services.
67GF Score
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