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Alm Brand ASOCSE:ALMB +0.18%51 Return-on-Tangible-Asset is 3.80% as of Mar. 2026, which is 90% above its 10-year median of 2.00. GuruFocus rates OCSE:ALMB with a GF Score™ of 51/100 and a GF Value™ of kr14.06 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 507 Insurance companies, Alm Brand AS ranks better than 74.95% 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. Alm Brand AS's annualizedNet Income for the quarter that ended in Mar. 2026 was kr896 Mil. Alm Brand AS's average total tangible assets for the quarter that ended in Mar. 2026 was kr23,606 Mil. Therefore, Alm Brand AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.80%.
The historical rank and industry rank for Alm Brand AS's Return-on-Tangible-Asset or its related term are showing as below:
OCSE:ALMB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.12 Med: 2 Max: 5.54
Current: 5.14
During the past 13 years, Alm Brand AS's highest Return-on-Tangible-Asset was 5.54%. The lowest was 1.12%. And the median was 2.00%.
OCSE:ALMB's Return-on-Tangible-Asset is ranked better than 74.95% of 507
companies
in the Insurance industry
Industry Median: 2.74
vs OCSE:ALMB: 5.14
Alm Brand AS (OCSE:ALMB) 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.
Alm Brand AS Return-on-Tangible-Asset Related Terms
Alm Brand AS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Alm Brand AS'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.
OCSE:ALMB vs BRK.A, AIG, HIG: Return-on-Tangible-Asset Comparison
For the Insurance - Diversified subindustry, Alm Brand AS'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.
Alm Brand AS Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Alm Brand AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Alm Brand AS'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 3.80% mean?
Alm Brand AS (OCSE:ALMB) has a Return-on-Tangible-Asset of 3.80% 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 Alm Brand AS and its competitors. This is 90% above median its historical median of 2.00. Over the past decade, Alm Brand AS's Return-on-Tangible-Asset has ranged from 1.12 to 5.54. According to the industry distribution chart, Alm Brand AS ranks #127 out of 507 companies in the Insurance industry, placing it in the top 25%.
Is Alm Brand AS's Return-on-Tangible-Asset too high?
Alm Brand AS's current Return-on-Tangible-Asset of 3.80% is 90% above median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 5.54. The Insurance industry median Return-on-Tangible-Asset is 2.74. Alm Brand AS's value of 3.80% is 38.7% above this industry median. Based on the distribution chart, Alm Brand AS ranks #127 out of 507 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Alm Brand AS has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alm Brand AS's Return-on-Tangible-Asset compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Alm Brand AS ranks #127 out of 507 companies for Return-on-Tangible-Asset. This places Alm Brand AS in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.74. Alm Brand AS's value of 3.80% is 38.7% above this benchmark. Historically, Alm Brand AS's own Return-on-Tangible-Asset has ranged from 1.12 to 5.54 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 2.74, Alm Brand AS 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 Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.74, based on 507 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. Alm Brand AS's current Return-on-Tangible-Asset of 3.80% is 38.7% 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 Alm Brand AS and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alm Brand AS's current Return-on-Tangible-Asset is 3.80%, which is 90% above median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alm Brand AS stock overvalued right now?
Based on GuruFocus' analysis, Alm Brand AS (OCSE:ALMB) is currently considered Modestly Overvalued. The stock's GF Value™ is kr14.06, compared to a current price of kr16.57 — trading 17.9% above its estimated fair value. The current Return-on-Tangible-Asset is 3.80%, which is 90% above median its 10-year median of 2.00 and 38.7% above the Insurance industry median of 2.74. Alm Brand AS's overall GF Score™ is 51/100 with 4 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 Alm Brand AS (OCSE:ALMB), the current Return-on-Tangible-Asset is 3.80% 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 Alm Brand AS (OCSE:ALMB) Overvalued in 2026?
Based on GuruFocus' analysis, Alm Brand AS stock appears to be overvalued.
The current stock price of kr16.57 is trading 17.9% above its estimated GF Value™ of kr14.06.
GuruFocus considers Alm Brand AS to be Modestly Overvalued.
Key valuation signals for OCSE:ALMB:
Return-on-Tangible-Asset: 3.80% (90% above median its 10-year median of 2.00)
GF Value™: kr14.06 vs. price of kr16.57 (17.9% above fair value)
Industry Position: 38.7% above the Insurance median (#127 of 507)
No single metric tells the full story. See the OCSE:ALMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alm Brand AS is a Danish investment holding company. Along with its subsidiaries, it offers insurance solutions, under various brands, to its customers. Its business segments include the personal Lines segment, which comprises sales of insurance to private households through its own sales channels and partnerships, the Commercial Lines segment, which comprises sales to agricultural and commercial customers through its own sales channels and partnerships, and the Non-life insurance segment, which is also its key revenue-generating segment. Geographically, the company generates the majority of its revenue from Denmark.
51GF Score
Get the complete analysis for OCSE:ALMB
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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