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SOLV EnergyMWH -2.23%16 Return-on-Tangible-Asset is 11.80% as of Jun. 2026, which is 719% above its 10-year median of 1.44. GuruFocus rates MWH with a GF Score™ of 16/100. The stock has 2 warning signs investors should review. Among 457 Utilities - Independent Power Producers companies, SOLV Energy ranks better than 71.99% 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. SOLV Energy's annualizedNet Income for the quarter that ended in Jun. 2026 was $150 Mil. SOLV Energy's average total tangible assets for the quarter that ended in Jun. 2026 was $1,275 Mil. Therefore, SOLV Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 11.80%.
The historical rank and industry rank for SOLV Energy's Return-on-Tangible-Asset or its related term are showing as below:
MWH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.47 Med: 1.44 Max: 17.61
Current: 7.13
During the past 4 years, SOLV Energy's highest Return-on-Tangible-Asset was 17.61%. The lowest was -15.47%. And the median was 1.44%.
SOLV Energy (NAS:MWH) 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.
SOLV Energy Return-on-Tangible-Asset Related Terms
SOLV Energy Return-on-Tangible-Asset Historical Data
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The historical data trend for SOLV Energy'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.
MWH vs ORA, CWEN, FRVO: Return-on-Tangible-Asset Comparison
For the Utilities - Renewable subindustry, SOLV Energy'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.
SOLV Energy Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, SOLV Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SOLV Energy'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 11.80% mean?
SOLV Energy (MWH) has a Return-on-Tangible-Asset of 11.80% 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 SOLV Energy and its competitors. This is 719% above median its historical median of 1.44. According to the industry distribution chart, SOLV Energy ranks #128 out of 457 companies in the Utilities - Independent Power Producers industry, placing it in the top 28%.
Is SOLV Energy's Return-on-Tangible-Asset too high?
SOLV Energy's current Return-on-Tangible-Asset of 11.80% is 719% above median its 10-year median of 1.44. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.10. SOLV Energy's value of 11.80% is 972.7% above this industry median. Based on the distribution chart, SOLV Energy ranks #128 out of 457 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, SOLV Energy has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does SOLV Energy's Return-on-Tangible-Asset compare to ORA and CWEN?
According to the Utilities - Independent Power Producers industry distribution chart, SOLV Energy ranks #128 out of 457 companies for Return-on-Tangible-Asset. This puts SOLV Energy in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.10. SOLV Energy's value of 11.80% is 972.7% above this benchmark. While the company's 10-year median is 1.44 vs. the industry median of 1.10, SOLV Energy 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.10, based on 457 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. SOLV Energy's current Return-on-Tangible-Asset of 11.80% is 972.7% 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 SOLV Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SOLV Energy's current Return-on-Tangible-Asset is 11.80%, which is 719% above median its own 10-year median of 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SOLV Energy stock overvalued right now?
SOLV Energy (MWH) has a current Return-on-Tangible-Asset of 11.80%. The current Return-on-Tangible-Asset is 11.80%, which is 719% above median its 10-year median of 1.44 and 972.7% above the Utilities - Independent Power Producers industry median of 1.10. SOLV Energy's overall GF Score™ is 16/100 with 2 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 SOLV Energy (MWH), the current Return-on-Tangible-Asset is 11.80% 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.
SOLV Energy Inc is a provider of infrastructure services to the power industry, including engineering, procurement, construction, testing, commissioning, operations, maintenance and repowering. It specializes in designing, building and maintaining utility-scale solar and battery storage projects and related T&D infrastructure. The company's projects include: The Eldorado Solar Project, Gravel Pit Solar Project, and Vikings Solar-plus-Storage Project. It operates in one reportable segment which derives revenue through providing EPC, O&M and Development services throughout the Unites Sates. The company derives maximum of revenue from its EPC contracts.
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