MSAfetyMSA -1.72%87 Return-on-Tangible-Asset is 18.58% as of Mar. 2026, which is 69% above its 10-year median of 10.97. GuruFocus rates MSA with a GF Score™ of 87/100 and a GF Value™ of $187.36 (Modestly Undervalued). Among 1,095 Business Services companies, MSAfety ranks better than 93.06% 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. MSAfety's annualizedNet Income for the quarter that ended in Mar. 2026 was $285 Mil. MSAfety's average total tangible assets for the quarter that ended in Mar. 2026 was $1,534 Mil. Therefore, MSAfety's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.58%.
The historical rank and industry rank for MSAfety's Return-on-Tangible-Asset or its related term are showing as below:
MSA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.54 Med: 10.97 Max: 21.79
Current: 19.49
During the past 13 years, MSAfety's highest Return-on-Tangible-Asset was 21.79%. The lowest was 1.54%. And the median was 10.97%.
MSA's Return-on-Tangible-Asset is ranked better than 93.06% of 1095
companies
in the Business Services industry
Industry Median: 3.87
vs MSA: 19.49
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.
MSAfety Return-on-Tangible-Asset Related Terms
MSAfety Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MSAfety'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.
MSA vs ADT, BRC, GEO: Return-on-Tangible-Asset Comparison
For the Security & Protection Services subindustry, MSAfety'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.
MSAfety Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, MSAfety's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MSAfety'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 18.58% mean?
MSAfety (MSA) has a Return-on-Tangible-Asset of 18.58% 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 MSAfety and its competitors. This is 69% above median its historical median of 10.97. Over the past decade, MSAfety's Return-on-Tangible-Asset has ranged from 1.54 to 21.79. According to the industry distribution chart, MSAfety ranks #76 out of 1095 companies in the Business Services industry, placing it in the top 6.9%.
Is MSAfety's Return-on-Tangible-Asset too high?
MSAfety's current Return-on-Tangible-Asset of 18.58% is 69% above median its 10-year median of 10.97. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 21.79. The Business Services industry median Return-on-Tangible-Asset is 3.87. MSAfety's value of 18.58% is 380.1% above this industry median. Based on the distribution chart, MSAfety ranks #76 out of 1095 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, MSAfety has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MSAfety's Return-on-Tangible-Asset compare to ADT and BRC?
According to the Business Services industry distribution chart, MSAfety ranks #76 out of 1095 companies for Return-on-Tangible-Asset. This places MSAfety in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.87. MSAfety's value of 18.58% is 380.1% above this benchmark. Historically, MSAfety's own Return-on-Tangible-Asset has ranged from 1.54 to 21.79 over the past decade. While the company's 10-year median is 10.97 vs. the industry median of 3.87, MSAfety 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.87, based on 1,095 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. MSAfety's current Return-on-Tangible-Asset of 18.58% is 380.1% 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 MSAfety and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MSAfety's current Return-on-Tangible-Asset is 18.58%, which is 69% above median its own 10-year median of 10.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSAfety stock overvalued right now?
Based on GuruFocus' analysis, MSAfety (MSA) is currently considered Modestly Undervalued. The stock's GF Value™ is $187.36, compared to a current price of $167.41 — trading 10.6% below its estimated fair value. The current Return-on-Tangible-Asset is 18.58%, which is 69% above median its 10-year median of 10.97 and 380.1% above the Business Services industry median of 3.87. MSAfety's overall GF Score™ is 87/100. 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 MSAfety (MSA), the current Return-on-Tangible-Asset is 18.58% 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 MSAfety (MSA) Overvalued in 2026?
Based on GuruFocus' analysis, MSAfety stock appears to be undervalued.
The current stock price of $167.41 is trading 10.6% below its estimated GF Value™ of $187.36.
GuruFocus considers MSAfety to be Modestly Undervalued.
Key valuation signals for MSA:
Return-on-Tangible-Asset: 18.58% (69% above median its 10-year median of 10.97)
GF Value™: $187.36 vs. price of $167.41 (10.6% below fair value)
Industry Position: 380.1% above the Business Services median (#76 of 1095)
No single metric tells the full story. See the MSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MSA Safety Inc makes safety products that are used to protect workers in the oil and gas and mining industries. The company's product offerings include breathing apparatuses, fall protection, portable gas detection systems, industrial head protection, fire and rescue helmets, and fixed gas and flame detection systems, among others. The end markets for its products include the fire service, contractor, industrial, mining, oil and gas, and utilities industries. The company has organized its business into four geographical operating segments that are aggregated into two reportable segments: Americas and International. The majority of its revenue is generated from the Americas segment, which is comprised of the company's operations in Northern North America and Latin America geographies.
87GF Score
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