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TCM Group ASOCSE:TCM -0.29%87 Return-on-Tangible-Asset is 11.53% as of Mar. 2026, which is 38% below its 10-year median of 18.51. GuruFocus rates OCSE:TCM with a GF Score™ of 87/100 and a GF Value™ of kr74.51 (Fairly Valued). The stock has 4 warning signs investors should review. Among 434 Furnishings, Fixtures & Appliances companies, TCM Group AS ranks better than 94.93% 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. TCM Group AS's annualizedNet Income for the quarter that ended in Mar. 2026 was kr60 Mil. TCM Group AS's average total tangible assets for the quarter that ended in Mar. 2026 was kr520 Mil. Therefore, TCM Group AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.53%.
The historical rank and industry rank for TCM Group AS's Return-on-Tangible-Asset or its related term are showing as below:
OCSE:TCM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.56 Med: 18.51 Max: 39.79
Current: 14.69
During the past 12 years, TCM Group AS's highest Return-on-Tangible-Asset was 39.79%. The lowest was 4.56%. And the median was 18.51%.
OCSE:TCM's Return-on-Tangible-Asset is ranked better than 94.93% of 434
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.365
vs OCSE:TCM: 14.69
TCM Group AS (OCSE:TCM) 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.
TCM Group AS Return-on-Tangible-Asset Related Terms
TCM Group AS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TCM Group 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:TCM vs SN, SGI, MHK: Return-on-Tangible-Asset Comparison
For the Furnishings, Fixtures & Appliances subindustry, TCM Group 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.
TCM Group AS Return-on-Tangible-Asset vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, TCM Group AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TCM Group 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 11.53% mean?
TCM Group AS (OCSE:TCM) has a Return-on-Tangible-Asset of 11.53% 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 TCM Group AS and its competitors. This is 38% below median its historical median of 18.51. Over the past decade, TCM Group AS's Return-on-Tangible-Asset has ranged from 4.56 to 39.79. According to the industry distribution chart, TCM Group AS ranks #22 out of 434 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 5.1%.
Is TCM Group AS's Return-on-Tangible-Asset too high?
TCM Group AS's current Return-on-Tangible-Asset of 11.53% is 38% below median its 10-year median of 18.51. Over the past 10 years, this metric has ranged from a low of 4.56 to a high of 39.79. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Asset is 2.37. TCM Group AS's value of 11.53% is 387.5% above this industry median. Based on the distribution chart, TCM Group AS ranks #22 out of 434 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, TCM Group AS has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TCM Group AS's Return-on-Tangible-Asset compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, TCM Group AS ranks #22 out of 434 companies for Return-on-Tangible-Asset. This places TCM Group AS in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.37. TCM Group AS's value of 11.53% is 387.5% above this benchmark. Historically, TCM Group AS's own Return-on-Tangible-Asset has ranged from 4.56 to 39.79 over the past decade. While the company's 10-year median is 18.51 vs. the industry median of 2.37, TCM Group 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 a Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Asset among Furnishings, Fixtures & Appliances companies is 2.37, based on 434 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. TCM Group AS's current Return-on-Tangible-Asset of 11.53% is 387.5% 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 TCM Group AS and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Asset is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCM Group AS's current Return-on-Tangible-Asset is 11.53%, which is 38% below median its own 10-year median of 18.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCM Group AS stock overvalued right now?
Based on GuruFocus' analysis, TCM Group AS (OCSE:TCM) is currently considered Fairly Valued. The stock's GF Value™ is kr74.51, compared to a current price of kr69.80 — trading 6.3% below its estimated fair value. The current Return-on-Tangible-Asset is 11.53%, which is 38% below median its 10-year median of 18.51 and 387.5% above the Furnishings, Fixtures & Appliances industry median of 2.37. TCM Group AS's overall GF Score™ is 87/100 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 TCM Group AS (OCSE:TCM), the current Return-on-Tangible-Asset is 11.53% 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 TCM Group AS (OCSE:TCM) Overvalued in 2026?
Based on GuruFocus' analysis, TCM Group AS stock appears to be undervalued.
The current stock price of kr69.80 is trading 6.3% below its estimated GF Value™ of kr74.51.
GuruFocus considers TCM Group AS to be Fairly Valued.
Key valuation signals for OCSE:TCM:
Return-on-Tangible-Asset: 11.53% (38% below median its 10-year median of 18.51)
GF Value™: kr74.51 vs. price of kr69.80 (6.3% below fair value)
Industry Position: 387.5% above the Furnishings, Fixtures & Appliances median (#22 of 434)
No single metric tells the full story. See the OCSE:TCM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TCM Group AS manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and the other Scandinavian countries. Its products include drawers, cabinets, fronts, table tops, handles, and other accessories. It offers its products under the Svane Kokkenet, Tvis Kokkener, Nettoline, and kitchen brands. The company also sells private-label products through Do-It-Yourself and kitchen specialty stores in Denmark and Norway. The group sells its products in Denmark and other countries, of which a majority of the revenue is derived from Denmark. It also has a presence in Norway and other countries.
87GF Score
Get the complete analysis for OCSE:TCM
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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