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Carel Industries SpAMIL:CRL -1.07%97 Return-on-Tangible-Asset is 14.46% as of Mar. 2026, which is 2% above its 10-year median of 14.18. GuruFocus rates MIL:CRL with a GF Score™ of 97/100 and a GF Value™ of €24.02 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,503 Hardware companies, Carel Industries SpA ranks better than 95.49% 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. Carel Industries SpA's annualizedNet Income for the quarter that ended in Mar. 2026 was €73.6 Mil. Carel Industries SpA's average total tangible assets for the quarter that ended in Mar. 2026 was €508.6 Mil. Therefore, Carel Industries SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.46%.
The historical rank and industry rank for Carel Industries SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:CRL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 12.02 Med: 14.18 Max: 16.7
Current: 16.7
During the past 12 years, Carel Industries SpA's highest Return-on-Tangible-Asset was 16.70%. The lowest was 12.02%. And the median was 14.18%.
MIL:CRL's Return-on-Tangible-Asset is ranked better than 95.49% of 2503
companies
in the Hardware industry
Industry Median: 2.44
vs MIL:CRL: 16.70
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.
Carel Industries SpA Return-on-Tangible-Asset Related Terms
Carel Industries SpA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Carel Industries SpA'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:CRL vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Carel Industries SpA'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.
Carel Industries SpA Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Carel Industries SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Carel Industries SpA'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 14.46% mean?
Carel Industries SpA (MIL:CRL) has a Return-on-Tangible-Asset of 14.46% 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 Carel Industries SpA and its competitors. This is near median its historical median of 14.18. Over the past decade, Carel Industries SpA's Return-on-Tangible-Asset has ranged from 12.02 to 16.70. According to the industry distribution chart, Carel Industries SpA ranks #113 out of 2503 companies in the Hardware industry, placing it in the top 4.5%.
Is Carel Industries SpA's Return-on-Tangible-Asset too high?
Carel Industries SpA's current Return-on-Tangible-Asset of 14.46% is near median its 10-year median of 14.18. Over the past 10 years, this metric has ranged from a low of 12.02 to a high of 16.70. The Hardware industry median Return-on-Tangible-Asset is 2.44. Carel Industries SpA's value of 14.46% is 492.6% above this industry median. Based on the distribution chart, Carel Industries SpA ranks #113 out of 2503 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Carel Industries SpA has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carel Industries SpA's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Carel Industries SpA ranks #113 out of 2503 companies for Return-on-Tangible-Asset. This places Carel Industries SpA in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.44. Carel Industries SpA's value of 14.46% is 492.6% above this benchmark. Historically, Carel Industries SpA's own Return-on-Tangible-Asset has ranged from 12.02 to 16.70 over the past decade. While the company's 10-year median is 14.18 vs. the industry median of 2.44, Carel Industries SpA 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.44, based on 2,503 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. Carel Industries SpA's current Return-on-Tangible-Asset of 14.46% is 492.6% 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 Carel Industries SpA and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carel Industries SpA's current Return-on-Tangible-Asset is 14.46%, which is near median its own 10-year median of 14.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carel Industries SpA stock overvalued right now?
Based on GuruFocus' analysis, Carel Industries SpA (MIL:CRL) is currently considered Modestly Overvalued. The stock's GF Value™ is €24.02, compared to a current price of €27.70 — trading 15.3% above its estimated fair value. The current Return-on-Tangible-Asset is 14.46%, which is near median its 10-year median of 14.18 and 492.6% above the Hardware industry median of 2.44. Carel Industries SpA's overall GF Score™ is 97/100 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 Carel Industries SpA (MIL:CRL), the current Return-on-Tangible-Asset is 14.46% 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 Carel Industries SpA (MIL:CRL) Overvalued in 2026?
Based on GuruFocus' analysis, Carel Industries SpA stock appears to be overvalued.
The current stock price of €27.70 is trading 15.3% above its estimated GF Value™ of €24.02.
GuruFocus considers Carel Industries SpA to be Modestly Overvalued.
Key valuation signals for MIL:CRL:
Return-on-Tangible-Asset: 14.46% (near median its 10-year median of 14.18)
GF Value™: €24.02 vs. price of €27.70 (15.3% above fair value)
Industry Position: 492.6% above the Hardware median (#113 of 2503)
No single metric tells the full story. See the MIL:CRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carel Industries SpA manufactures control systems and humidification for air conditioning and refrigeration. The group provides control solutions for the commercial, industrial, and residential air-conditioning and refrigeration (HVAC/R) markets. Its geographical segments are Europe, the Middle East and Africa, North America, South America, and APAC. The company's industrial applications for the air-conditioning sector are designed for data centers. Its products include programmable controls, room terminals, Isothermal Humidifiers, Sensors and protection devices, Sensors and protection devices, and others. The company derives maximum revenue from Europe, the Middle East, and Africa segment.
97GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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