Outokumpu OyjMIL:1OUT 38 Return-on-Tangible-Asset is -0.46% as of Mar. 2026. GuruFocus rates MIL:1OUT with a GF Score™ of 38/100 and a GF Value™ of €3.13 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 637 Steel companies, Outokumpu Oyj ranks worse than 80.38% 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. Outokumpu Oyj's annualizedNet Income for the quarter that ended in Mar. 2026 was €-24 Mil. Outokumpu Oyj's average total tangible assets for the quarter that ended in Mar. 2026 was €5,195 Mil. Therefore, Outokumpu Oyj's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.46%.
The historical rank and industry rank for Outokumpu Oyj's Return-on-Tangible-Asset or its related term are showing as below:
MIL:1OUT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.61 Med: 0.84 Max: 18.47
Current: -2.41
During the past 13 years, Outokumpu Oyj's highest Return-on-Tangible-Asset was 18.47%. The lowest was -2.61%. And the median was 0.84%.
MIL:1OUT's Return-on-Tangible-Asset is ranked worse than 80.38% of 637
companies
in the Steel industry
Industry Median: 1.97
vs MIL:1OUT: -2.41
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.
Outokumpu Oyj Return-on-Tangible-Asset Related Terms
Outokumpu Oyj Return-on-Tangible-Asset Historical Data
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The historical data trend for Outokumpu 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:1OUT vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Outokumpu 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.
Outokumpu Oyj Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Outokumpu Oyj's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Outokumpu 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -0.46% mean?
Outokumpu Oyj (MIL:1OUT) has a Return-on-Tangible-Asset of -0.46% 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 Outokumpu Oyj and its competitors. According to the industry distribution chart, Outokumpu Oyj ranks #512 out of 637 companies in the Steel industry, placing it in the top 80.4%.
Is Outokumpu Oyj's Return-on-Tangible-Asset too high?
Outokumpu Oyj's current Return-on-Tangible-Asset is -0.46%. Based on the distribution chart, Outokumpu Oyj ranks #512 out of 637 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Outokumpu Oyj has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Outokumpu Oyj's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Outokumpu Oyj ranks #512 out of 637 companies for Return-on-Tangible-Asset. This places Outokumpu Oyj in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.97. 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 1.97, based on 637 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. 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 Outokumpu Oyj and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Outokumpu Oyj's current Return-on-Tangible-Asset is -0.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Outokumpu Oyj stock overvalued right now?
Based on GuruFocus' analysis, Outokumpu Oyj (MIL:1OUT) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.13, compared to a current price of €5.54 — trading 77% above its estimated fair value. The current Return-on-Tangible-Asset is -0.46%. Outokumpu Oyj's overall GF Score™ is 38/100 with 9 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 Outokumpu Oyj (MIL:1OUT), the current Return-on-Tangible-Asset is -0.46% 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 Outokumpu Oyj (MIL:1OUT) Overvalued in 2026?
Based on GuruFocus' analysis, Outokumpu Oyj stock appears to be overvalued.
The current stock price of €5.54 is trading 77% above its estimated GF Value™ of €3.13.
GuruFocus considers Outokumpu Oyj to be Significantly Overvalued.
Key valuation signals for MIL:1OUT:
Return-on-Tangible-Asset: -0.46%
GF Value™: €3.13 vs. price of €5.54 (77% above fair value)
No single metric tells the full story. See the MIL:1OUT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Outokumpu Oyj is a steel and alloys maker. Its business is divided into three business areas, which are Europe, the Americas, and Ferrochrome. Europe derives the key revenue, which consists of both coil and plate operations. The high-volume and tailored standard stainless-steel grades are used, for example, in architecture, building and construction, transportation, catering and appliances, chemical, petrochemical and energy sectors, as well as other process industries. The Americas produces standard austenitic and ferritic grades as well as tailored products. Ferrochrome produces charge grade of ferrochrome and runs the chrome mine in Kemi and the ferrochrome smelter in Tornio, Finland. The company generates the majority of its revenue from Europe.
38GF Score
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