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H & M Hennes & Mauritz ABMIL:1HMB 51 Return-on-Tangible-Asset is 10.01% as of May. 2026, which is 42% above its 10-year median of 7.03. GuruFocus rates MIL:1HMB with a GF Score™ of 51/100 and a GF Value™ of €14.59 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, H & M Hennes & Mauritz AB ranks better than 84.28% 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. H & M Hennes & Mauritz AB's annualizedNet Income for the quarter that ended in May. 2026 was €1,468 Mil. H & M Hennes & Mauritz AB's average total tangible assets for the quarter that ended in May. 2026 was €14,658 Mil. Therefore, H & M Hennes & Mauritz AB's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 was 10.01%.
The historical rank and industry rank for H & M Hennes & Mauritz AB's Return-on-Tangible-Asset or its related term are showing as below:
MIL:1HMB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.91 Med: 7.03 Max: 21.31
Current: 7.67
During the past 13 years, H & M Hennes & Mauritz AB's highest Return-on-Tangible-Asset was 21.31%. The lowest was 0.91%. And the median was 7.03%.
MIL:1HMB's Return-on-Tangible-Asset is ranked better than 84.28% of 1069
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.99
vs MIL:1HMB: 7.67
H & M Hennes & Mauritz AB (MIL:1HMB) 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.
H & M Hennes & Mauritz AB Return-on-Tangible-Asset Related Terms
H & M Hennes & Mauritz AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for H & M Hennes & Mauritz 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.
H & M Hennes & Mauritz AB Return-on-Tangible-Asset Chart
MIL:1HMB vs RL, LEVI, VFC: Return-on-Tangible-Asset Comparison
For the Apparel Manufacturing subindustry, H & M Hennes & Mauritz 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.
H & M Hennes & Mauritz AB Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, H & M Hennes & Mauritz AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where H & M Hennes & Mauritz 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 (May. 2026) net income data.
What does a Return-on-Tangible-Asset of 10.01% mean?
H & M Hennes & Mauritz AB (MIL:1HMB) has a Return-on-Tangible-Asset of 10.01% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on H & M Hennes & Mauritz AB and its competitors. This is 42% above median its historical median of 7.03. Over the past decade, H & M Hennes & Mauritz AB's Return-on-Tangible-Asset has ranged from 0.91 to 21.31. According to the industry distribution chart, H & M Hennes & Mauritz AB ranks #168 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 15.7%.
Is H & M Hennes & Mauritz AB's Return-on-Tangible-Asset too high?
H & M Hennes & Mauritz AB's current Return-on-Tangible-Asset of 10.01% is 42% above median its 10-year median of 7.03. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 21.31. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 1.99. H & M Hennes & Mauritz AB's value of 10.01% is 403% above this industry median. Based on the distribution chart, H & M Hennes & Mauritz AB ranks #168 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, H & M Hennes & Mauritz AB has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does H & M Hennes & Mauritz AB's Return-on-Tangible-Asset compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, H & M Hennes & Mauritz AB ranks #168 out of 1069 companies for Return-on-Tangible-Asset. This places H & M Hennes & Mauritz AB in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.99. H & M Hennes & Mauritz AB's value of 10.01% is 403% above this benchmark. Historically, H & M Hennes & Mauritz AB's own Return-on-Tangible-Asset has ranged from 0.91 to 21.31 over the past decade. While the company's 10-year median is 7.03 vs. the industry median of 1.99, H & M Hennes & Mauritz 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 a Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 1.99, based on 1,069 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. H & M Hennes & Mauritz AB's current Return-on-Tangible-Asset of 10.01% is 403% 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 H & M Hennes & Mauritz AB and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H & M Hennes & Mauritz AB's current Return-on-Tangible-Asset is 10.01%, which is 42% above median its own 10-year median of 7.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H & M Hennes & Mauritz AB stock overvalued right now?
Based on GuruFocus' analysis, H & M Hennes & Mauritz AB (MIL:1HMB) is currently considered Fairly Valued. The stock's GF Value™ is €14.59, compared to a current price of €15.45 — trading 5.9% above its estimated fair value. The current Return-on-Tangible-Asset is 10.01%, which is 42% above median its 10-year median of 7.03 and 403% above the Manufacturing - Apparel & Accessories industry median of 1.99. H & M Hennes & Mauritz AB's overall GF Score™ is 51/100 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 H & M Hennes & Mauritz AB (MIL:1HMB), the current Return-on-Tangible-Asset is 10.01% as of May. 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 H & M Hennes & Mauritz AB (MIL:1HMB) Overvalued in 2026?
Based on GuruFocus' analysis, H & M Hennes & Mauritz AB stock appears to be overvalued.
The current stock price of €15.45 is trading 5.9% above its estimated GF Value™ of €14.59.
GuruFocus considers H & M Hennes & Mauritz AB to be Fairly Valued.
Key valuation signals for MIL:1HMB:
Return-on-Tangible-Asset: 10.01% (42% above median its 10-year median of 7.03)
GF Value™: €14.59 vs. price of €15.45 (5.9% above fair value)
Industry Position: 403% above the Manufacturing - Apparel & Accessories median (#168 of 1069)
No single metric tells the full story. See the MIL:1HMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The H&M Group is a global multi-brand fashion conglomerate founded in 1947. Its flagship brand, H&M, generates the majority of the group's revenue, while ARKET, COS, and the secondhand platform Sellpy represent key sources of future growth. Geographically, 34% of group revenues are generated in Western Europe, followed by North and South America at 23%, and both Southern Europe and Asia, Oceania, and Africa at 13% each. The Nordic region accounts for approximately 9% of total sales.The company operates 4,101 stores (3,660 attributable to H&M brand) across 81 markets worldwide, the majority of which are leased. Online sales contributed slightly above 30% of total group revenue in financial 2025 .
51GF Score
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