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AF Gruppen ASAOSL:AFG -1.16%48 Return-on-Tangible-Asset is 6.50% as of Mar. 2026, which is 43% below its 10-year median of 11.49. GuruFocus rates OSL:AFG with a GF Score™ of 48/100. The stock has 3 warning signs investors should review. Among 1,781 Construction companies, AF Gruppen ASA ranks better than 85.23% 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. AF Gruppen ASA's annualizedNet Income for the quarter that ended in Mar. 2026 was kr812 Mil. AF Gruppen ASA's average total tangible assets for the quarter that ended in Mar. 2026 was kr12,491 Mil. Therefore, AF Gruppen ASA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.50%.
The historical rank and industry rank for AF Gruppen ASA's Return-on-Tangible-Asset or its related term are showing as below:
OSL:AFG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4 Med: 11.49 Max: 15.92
Current: 9.87
During the past 13 years, AF Gruppen ASA's highest Return-on-Tangible-Asset was 15.92%. The lowest was 4.00%. And the median was 11.49%.
OSL:AFG's Return-on-Tangible-Asset is ranked better than 85.23% of 1781
companies
in the Construction industry
Industry Median: 3.04
vs OSL:AFG: 9.87
AF Gruppen ASA (OSL:AFG) 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.
AF Gruppen ASA Return-on-Tangible-Asset Related Terms
AF Gruppen ASA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for AF Gruppen ASA'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.
OSL:AFG vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, AF Gruppen ASA'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.
AF Gruppen ASA Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, AF Gruppen ASA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where AF Gruppen ASA'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 6.50% mean?
AF Gruppen ASA (OSL:AFG) has a Return-on-Tangible-Asset of 6.50% 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 AF Gruppen ASA and its competitors. This is 43% below median its historical median of 11.49. Over the past decade, AF Gruppen ASA's Return-on-Tangible-Asset has ranged from 4.00 to 15.92. According to the industry distribution chart, AF Gruppen ASA ranks #263 out of 1781 companies in the Construction industry, placing it in the top 14.8%.
Is AF Gruppen ASA's Return-on-Tangible-Asset too high?
AF Gruppen ASA's current Return-on-Tangible-Asset of 6.50% is 43% below median its 10-year median of 11.49. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 15.92. The Construction industry median Return-on-Tangible-Asset is 3.04. AF Gruppen ASA's value of 6.50% is 113.8% above this industry median. Based on the distribution chart, AF Gruppen ASA ranks #263 out of 1781 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, AF Gruppen ASA has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does AF Gruppen ASA's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, AF Gruppen ASA ranks #263 out of 1781 companies for Return-on-Tangible-Asset. This places AF Gruppen ASA in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.04. AF Gruppen ASA's value of 6.50% is 113.8% above this benchmark. Historically, AF Gruppen ASA's own Return-on-Tangible-Asset has ranged from 4.00 to 15.92 over the past decade. While the company's 10-year median is 11.49 vs. the industry median of 3.04, AF Gruppen ASA 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.04, based on 1,781 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. AF Gruppen ASA's current Return-on-Tangible-Asset of 6.50% is 113.8% 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 AF Gruppen ASA and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AF Gruppen ASA's current Return-on-Tangible-Asset is 6.50%, which is 43% below median its own 10-year median of 11.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AF Gruppen ASA stock overvalued right now?
AF Gruppen ASA (OSL:AFG) has a current Return-on-Tangible-Asset of 6.50%. The current Return-on-Tangible-Asset is 6.50%, which is 43% below median its 10-year median of 11.49 and 113.8% above the Construction industry median of 3.04. AF Gruppen ASA's overall GF Score™ is 48/100 with 3 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 AF Gruppen ASA (OSL:AFG), the current Return-on-Tangible-Asset is 6.50% 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.
AF Gruppen ASA A is one of Norway's contracting and industrial groups. The company provides services in areas of civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants.
48GF Score
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