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Spiltan InvestNGM:SPLTN +0.91%70 Return-on-Tangible-Asset is 10.64% as of Jun. 2026, which is 169% above its 10-year median of 3.96. GuruFocus rates NGM:SPLTN with a GF Score™ of 70/100 and a GF Value™ of kr352.58 (Significantly Undervalued). Among 1,638 Asset Management companies, Spiltan Invest ranks worse than 87.06% 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. Spiltan Invest's annualizedNet Income for the quarter that ended in Jun. 2026 was kr809.3 Mil. Spiltan Invest's average total tangible assets for the quarter that ended in Jun. 2026 was kr7,609.5 Mil. Therefore, Spiltan Invest's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 10.64%.
The historical rank and industry rank for Spiltan Invest's Return-on-Tangible-Asset or its related term are showing as below:
NGM:SPLTN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.07 Med: 3.96 Max: 38.82
Current: -10.07
During the past 7 years, Spiltan Invest's highest Return-on-Tangible-Asset was 38.82%. The lowest was -10.07%. And the median was 3.96%.
NGM:SPLTN's Return-on-Tangible-Asset is ranked worse than 87.06% of 1638
companies
in the Asset Management industry
Industry Median: 4.3
vs NGM:SPLTN: -10.07
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.
Spiltan Invest Return-on-Tangible-Asset Related Terms
Spiltan Invest Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Spiltan Invest'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.
NGM:SPLTN vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Spiltan Invest'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.
Spiltan Invest Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Spiltan Invest's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Spiltan Invest'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 10.64% mean?
Spiltan Invest (NGM:SPLTN) has a Return-on-Tangible-Asset of 10.64% 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 Spiltan Invest and its competitors. This is 169% above median its historical median of 3.96. According to the industry distribution chart, Spiltan Invest ranks #1426 out of 1638 companies in the Asset Management industry, placing it in the top 87.1%.
Is Spiltan Invest's Return-on-Tangible-Asset too high?
Spiltan Invest's current Return-on-Tangible-Asset of 10.64% is 169% above median its 10-year median of 3.96. The Asset Management industry median Return-on-Tangible-Asset is 4.30. Spiltan Invest's value of 10.64% is 147.4% above this industry median. Based on the distribution chart, Spiltan Invest ranks #1426 out of 1638 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Spiltan Invest has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spiltan Invest's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Spiltan Invest ranks #1426 out of 1638 companies for Return-on-Tangible-Asset. This places Spiltan Invest in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.30. Spiltan Invest's value of 10.64% is 147.4% above this benchmark. While the company's 10-year median is 3.96 vs. the industry median of 4.30, Spiltan Invest 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 Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.30, based on 1,638 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. Spiltan Invest's current Return-on-Tangible-Asset of 10.64% is 147.4% 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 Spiltan Invest and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spiltan Invest's current Return-on-Tangible-Asset is 10.64%, which is 169% above median its own 10-year median of 3.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spiltan Invest stock overvalued right now?
Based on GuruFocus' analysis, Spiltan Invest (NGM:SPLTN) is currently considered Significantly Undervalued. The stock's GF Value™ is kr352.58, compared to a current price of kr178.00 — trading 49.5% below its estimated fair value. The current Return-on-Tangible-Asset is 10.64%, which is 169% above median its 10-year median of 3.96 and 147.4% above the Asset Management industry median of 4.30. Spiltan Invest's overall GF Score™ is 70/100. 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 Spiltan Invest (NGM:SPLTN), the current Return-on-Tangible-Asset is 10.64% 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 Spiltan Invest (NGM:SPLTN) Overvalued in 2026?
Based on GuruFocus' analysis, Spiltan Invest stock appears to be undervalued.
The current stock price of kr178.00 is trading 49.5% below its estimated GF Value™ of kr352.58.
GuruFocus considers Spiltan Invest to be Significantly Undervalued.
Key valuation signals for NGM:SPLTN:
Return-on-Tangible-Asset: 10.64% (169% above median its 10-year median of 3.96)
GF Value™: kr352.58 vs. price of kr178.00 (49.5% below fair value)
Industry Position: 147.4% above the Asset Management median (#1426 of 1638)
No single metric tells the full story. See the NGM:SPLTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Investment AB Spiltan is an investment company that invests in listed and unlisted Swedish growth companies. It currently owns a portfolio consisting of tech, finance, real estate and industry.
70GF Score
Get the complete analysis for NGM:SPLTN
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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