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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. Pallas Air's annualizedNet Income for the quarter that ended in Dec. 2025 was €-14.79 Mil. Pallas Air's average total tangible assets for the quarter that ended in Dec. 2025 was €6.49 Mil. Therefore, Pallas Air's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -227.96%.
The historical rank and industry rank for Pallas Air's Return-on-Tangible-Asset or its related term are showing as below:
OHEL:PALLAS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -165.47 Med: -47.31 Max: 29.02
Current: -144.24
During the past 6 years, Pallas Air's highest Return-on-Tangible-Asset was 29.02%. The lowest was -165.47%. And the median was -47.31%.
OHEL:PALLAS's Return-on-Tangible-Asset is ranked worse than 98.64% of 2501
companies
in the Hardware industry
Industry Median: 2.48
vs OHEL:PALLAS: -144.24
Pallas Air (OHEL:PALLAS) 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.
Pallas Air Return-on-Tangible-Asset Related Terms
Pallas Air Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pallas Air'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.
OHEL:PALLAS vs AAPL: Return-on-Tangible-Asset Comparison
For the Consumer Electronics subindustry, Pallas Air'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.
Pallas Air Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Pallas Air's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pallas Air'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -227.96% mean?
Pallas Air (OHEL:PALLAS) has a Return-on-Tangible-Asset of -227.96% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Pallas Air and its competitors. According to the industry distribution chart, Pallas Air ranks #2467 out of 2501 companies in the Hardware industry, placing it in the top 98.6%.
Is Pallas Air's Return-on-Tangible-Asset too high?
Pallas Air's current Return-on-Tangible-Asset is -227.96%. Based on the distribution chart, Pallas Air ranks #2467 out of 2501 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Pallas Air has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pallas Air's Return-on-Tangible-Asset compare to AAPL?
According to the Hardware industry distribution chart, Pallas Air ranks #2467 out of 2501 companies for Return-on-Tangible-Asset. This places Pallas Air in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.48. 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.48, based on 2,501 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. 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 Pallas Air and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pallas Air's current Return-on-Tangible-Asset is -227.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pallas Air stock overvalued right now?
Based on GuruFocus' analysis, Pallas Air (OHEL:PALLAS) is currently considered Possible Value Trap. The stock's GF Value™ is €0.95, compared to a current price of €0.52 — trading 45.3% below its estimated fair value. The current Return-on-Tangible-Asset is -227.96%. Pallas Air's overall GF Score™ is 33/100 with 9 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 Pallas Air (OHEL:PALLAS), the current Return-on-Tangible-Asset is -227.96% as of Dec. 2025. 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 Pallas Air (OHEL:PALLAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pallas Air stock appears to be undervalued.
The current stock price of €0.52 is trading 45.3% below its estimated GF Value™ of €0.95.
GuruFocus considers Pallas Air to be Possible Value Trap.
Key valuation signals for OHEL:PALLAS:
Return-on-Tangible-Asset: -227.96%
GF Value™: €0.95 vs. price of €0.52 (45.3% below fair value)
No single metric tells the full story. See the OHEL:PALLAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pallas Air PLC is a Finnish technology company offering clean breathing air solutions. It is engaged in the development and manufacturing of various types of products that enable cleaner and healthier breathing air. The company's business is divided into three primary areas: air purifiers, respirators and surgical mouthguards, and ventilation hygiene products.
33GF Score
Get the complete analysis for OHEL:PALLAS
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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