Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kesko OyjMIL:1KESK 53 Return-on-Tangible-Asset is 6.06% as of Jun. 2026, which is 12% above its 10-year median of 5.43. GuruFocus rates MIL:1KESK with a GF Score™ of 53/100 and a GF Value™ of €21.73 (Fairly Valued). The stock has 8 warning signs investors should review. Among 311 Retail - Defensive companies, Kesko Oyj ranks better than 59.49% 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. Kesko Oyj's annualizedNet Income for the quarter that ended in Jun. 2026 was €513 Mil. Kesko Oyj's average total tangible assets for the quarter that ended in Jun. 2026 was €8,461 Mil. Therefore, Kesko Oyj's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 6.06%.
The historical rank and industry rank for Kesko Oyj's Return-on-Tangible-Asset or its related term are showing as below:
MIL:1KESK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.48 Med: 5.43 Max: 9.49
Current: 5.14
During the past 13 years, Kesko Oyj's highest Return-on-Tangible-Asset was 9.49%. The lowest was 2.48%. And the median was 5.43%.
MIL:1KESK's Return-on-Tangible-Asset is ranked better than 59.49% of 311
companies
in the Retail - Defensive industry
Industry Median: 3.85
vs MIL:1KESK: 5.14
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.
Kesko Oyj Return-on-Tangible-Asset Related Terms
Kesko Oyj Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kesko Oyj'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:1KESK vs KR, SFM, ACI: Return-on-Tangible-Asset Comparison
For the Grocery Stores subindustry, Kesko Oyj'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.
Kesko Oyj Return-on-Tangible-Asset vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Kesko Oyj's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kesko Oyj'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 6.06% mean?
Kesko Oyj (MIL:1KESK) has a Return-on-Tangible-Asset of 6.06% 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 Kesko Oyj and its competitors. This is 12% above median its historical median of 5.43. Over the past decade, Kesko Oyj's Return-on-Tangible-Asset has ranged from 2.48 to 9.49. According to the industry distribution chart, Kesko Oyj ranks #126 out of 311 companies in the Retail - Defensive industry, placing it in the top 40.5%.
Is Kesko Oyj's Return-on-Tangible-Asset too high?
Kesko Oyj's current Return-on-Tangible-Asset of 6.06% is 12% above median its 10-year median of 5.43. Over the past 10 years, this metric has ranged from a low of 2.48 to a high of 9.49. The Retail - Defensive industry median Return-on-Tangible-Asset is 3.85. Kesko Oyj's value of 6.06% is 57.4% above this industry median. Based on the distribution chart, Kesko Oyj ranks #126 out of 311 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Kesko Oyj has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kesko Oyj's Return-on-Tangible-Asset compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Kesko Oyj ranks #126 out of 311 companies for Return-on-Tangible-Asset. This puts Kesko Oyj in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.85. Kesko Oyj's value of 6.06% is 57.4% above this benchmark. Historically, Kesko Oyj's own Return-on-Tangible-Asset has ranged from 2.48 to 9.49 over the past decade. While the company's 10-year median is 5.43 vs. the industry median of 3.85, Kesko Oyj 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 Retail - Defensive company?
The median Return-on-Tangible-Asset among Retail - Defensive companies is 3.85, based on 311 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. Kesko Oyj's current Return-on-Tangible-Asset of 6.06% is 57.4% 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 Kesko Oyj and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Asset is 3.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kesko Oyj's current Return-on-Tangible-Asset is 6.06%, which is 12% above median its own 10-year median of 5.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kesko Oyj stock overvalued right now?
Based on GuruFocus' analysis, Kesko Oyj (MIL:1KESK) is currently considered Fairly Valued. The stock's GF Value™ is €21.73, compared to a current price of €21.34 — trading 1.8% below its estimated fair value. The current Return-on-Tangible-Asset is 6.06%, which is 12% above median its 10-year median of 5.43 and 57.4% above the Retail - Defensive industry median of 3.85. Kesko Oyj's overall GF Score™ is 53/100 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 Kesko Oyj (MIL:1KESK), the current Return-on-Tangible-Asset is 6.06% 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 Kesko Oyj (MIL:1KESK) Overvalued in 2026?
Based on GuruFocus' analysis, Kesko Oyj stock appears to be undervalued.
The current stock price of €21.34 is trading 1.8% below its estimated GF Value™ of €21.73.
GuruFocus considers Kesko Oyj to be Fairly Valued.
Key valuation signals for MIL:1KESK:
Return-on-Tangible-Asset: 6.06% (12% above median its 10-year median of 5.43)
GF Value™: €21.73 vs. price of €21.34 (1.8% below fair value)
Industry Position: 57.4% above the Retail - Defensive median (#126 of 311)
No single metric tells the full story. See the MIL:1KESK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kesko Oyj is a Finland-based retail conglomerate that operates in three divisions: Grocery, Building and Technical, and Car. The Grocery segment provides the customers with K-food retailers running their locally tailored stores, acting in a chain business model. Chains include K-Citymarket, K-Supermarket, K-Market, and Neste K. The Building and Technical Sector produces construction materials, leisure athletic goods, and infrastructure tools and operates out of Scandinavia and Eastern Europe, both in digital and brick-and-mortar stores. The Car division acts as an importer and leaser for various European car brands, including Volkswagen, SEAT, Audi, and Porsche as well as a seller of used cars online and in-store. The Grocery segment in Finland produces the maximum revenue.
53GF Score
Get the complete analysis for MIL:1KESK
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:1KESK has been successfully added to your 
