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Beijer Ref ABMIL:1BEIJ 76 Return-on-Tangible-Asset is 11.89% as of Jun. 2026, which is 28% above its 10-year median of 9.29. GuruFocus rates MIL:1BEIJ with a GF Score™ of 76/100 and a GF Value™ of €12.90 (Fairly Valued). The stock has 4 warning signs investors should review. Among 158 Industrial Distribution companies, Beijer Ref AB ranks better than 81.01% 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. Beijer Ref AB's annualizedNet Income for the quarter that ended in Jun. 2026 was €302 Mil. Beijer Ref AB's average total tangible assets for the quarter that ended in Jun. 2026 was €2,544 Mil. Therefore, Beijer Ref AB's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 11.89%.
The historical rank and industry rank for Beijer Ref AB's Return-on-Tangible-Asset or its related term are showing as below:
MIL:1BEIJ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.92 Med: 9.29 Max: 12.46
Current: 8.79
During the past 13 years, Beijer Ref AB's highest Return-on-Tangible-Asset was 12.46%. The lowest was 7.92%. And the median was 9.29%.
MIL:1BEIJ's Return-on-Tangible-Asset is ranked better than 81.01% of 158
companies
in the Industrial Distribution industry
Industry Median: 4.01
vs MIL:1BEIJ: 8.79
Beijer Ref AB (MIL:1BEIJ) 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.
Beijer Ref AB Return-on-Tangible-Asset Related Terms
Beijer Ref AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Beijer Ref AB'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.
MIL:1BEIJ vs GWW, FAST, FERG: Return-on-Tangible-Asset Comparison
For the Industrial Distribution subindustry, Beijer Ref AB'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.
Beijer Ref AB Return-on-Tangible-Asset vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Beijer Ref AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Beijer Ref AB'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 11.89% mean?
Beijer Ref AB (MIL:1BEIJ) has a Return-on-Tangible-Asset of 11.89% 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 Beijer Ref AB and its competitors. This is 28% above median its historical median of 9.29. Over the past decade, Beijer Ref AB's Return-on-Tangible-Asset has ranged from 7.92 to 12.46. According to the industry distribution chart, Beijer Ref AB ranks #30 out of 158 companies in the Industrial Distribution industry, placing it in the top 19%.
Is Beijer Ref AB's Return-on-Tangible-Asset too high?
Beijer Ref AB's current Return-on-Tangible-Asset of 11.89% is 28% above median its 10-year median of 9.29. Over the past 10 years, this metric has ranged from a low of 7.92 to a high of 12.46. The Industrial Distribution industry median Return-on-Tangible-Asset is 4.01. Beijer Ref AB's value of 11.89% is 196.5% above this industry median. Based on the distribution chart, Beijer Ref AB ranks #30 out of 158 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Beijer Ref AB has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Beijer Ref AB's Return-on-Tangible-Asset compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Beijer Ref AB ranks #30 out of 158 companies for Return-on-Tangible-Asset. This places Beijer Ref AB in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.01. Beijer Ref AB's value of 11.89% is 196.5% above this benchmark. Historically, Beijer Ref AB's own Return-on-Tangible-Asset has ranged from 7.92 to 12.46 over the past decade. While the company's 10-year median is 9.29 vs. the industry median of 4.01, Beijer Ref AB 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 Distribution company?
The median Return-on-Tangible-Asset among Industrial Distribution companies is 4.01, based on 158 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. Beijer Ref AB's current Return-on-Tangible-Asset of 11.89% is 196.5% 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 Beijer Ref AB and its competitors. For the Industrial Distribution industry, the median Return-on-Tangible-Asset is 4.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijer Ref AB's current Return-on-Tangible-Asset is 11.89%, which is 28% above median its own 10-year median of 9.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijer Ref AB stock overvalued right now?
Based on GuruFocus' analysis, Beijer Ref AB (MIL:1BEIJ) is currently considered Fairly Valued. The stock's GF Value™ is €12.90, compared to a current price of €12.02 — trading 6.8% below its estimated fair value. The current Return-on-Tangible-Asset is 11.89%, which is 28% above median its 10-year median of 9.29 and 196.5% above the Industrial Distribution industry median of 4.01. Beijer Ref AB's overall GF Score™ is 76/100 with 4 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 Beijer Ref AB (MIL:1BEIJ), the current Return-on-Tangible-Asset is 11.89% 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 Beijer Ref AB (MIL:1BEIJ) Overvalued in 2026?
Based on GuruFocus' analysis, Beijer Ref AB stock appears to be undervalued.
The current stock price of €12.02 is trading 6.8% below its estimated GF Value™ of €12.90.
GuruFocus considers Beijer Ref AB to be Fairly Valued.
Key valuation signals for MIL:1BEIJ:
Return-on-Tangible-Asset: 11.89% (28% above median its 10-year median of 9.29)
GF Value™: €12.90 vs. price of €12.02 (6.8% below fair value)
Industry Position: 196.5% above the Industrial Distribution median (#30 of 158)
No single metric tells the full story. See the MIL:1BEIJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beijer Ref AB is a technology-oriented trading group that, through value-added products, offers its customers competitive solutions in refrigeration and air conditioning. The product range consists mainly of products from international manufacturers, and also some manufacturing of the group's own products combined with service and support for the products. Its segments include EMEA, North America and APAC.
76GF Score
Get the complete analysis for MIL:1BEIJ
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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