Appear ASAOSL:APR +0.65%19 Return-on-Tangible-Asset is 12.46% as of Mar. 2026, which is 18% below its 10-year median of 15.17. GuruFocus rates OSL:APR with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 2,496 Hardware companies, Appear ASA ranks better than 93.19% 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. Appear ASA's annualizedNet Income for the quarter that ended in Mar. 2026 was kr102.3 Mil. Appear ASA's average total tangible assets for the quarter that ended in Mar. 2026 was kr820.9 Mil. Therefore, Appear ASA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.46%.
The historical rank and industry rank for Appear ASA's Return-on-Tangible-Asset or its related term are showing as below:
OSL:APR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.99 Med: 15.17 Max: 20.67
Current: 13.97
During the past 5 years, Appear ASA's highest Return-on-Tangible-Asset was 20.67%. The lowest was -4.99%. And the median was 15.17%.
OSL:APR's Return-on-Tangible-Asset is ranked better than 93.19% of 2496
companies
in the Hardware industry
Industry Median: 2.43
vs OSL:APR: 13.97
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.
Appear ASA Return-on-Tangible-Asset Related Terms
Appear ASA Return-on-Tangible-Asset Historical Data
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The historical data trend for Appear 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:APR vs SNDK, DELL, STX: Return-on-Tangible-Asset Comparison
For the Computer Hardware subindustry, Appear 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.
Appear ASA Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Appear ASA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Appear 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 12.46% mean?
Appear ASA (OSL:APR) has a Return-on-Tangible-Asset of 12.46% 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 Appear ASA and its competitors. This is 18% below median its historical median of 15.17. According to the industry distribution chart, Appear ASA ranks #170 out of 2496 companies in the Hardware industry, placing it in the top 6.8%.
Is Appear ASA's Return-on-Tangible-Asset too high?
Appear ASA's current Return-on-Tangible-Asset of 12.46% is 18% below median its 10-year median of 15.17. The Hardware industry median Return-on-Tangible-Asset is 2.43. Appear ASA's value of 12.46% is 412.8% above this industry median. Based on the distribution chart, Appear ASA ranks #170 out of 2496 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Appear ASA has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Appear ASA's Return-on-Tangible-Asset compare to SNDK and DELL?
According to the Hardware industry distribution chart, Appear ASA ranks #170 out of 2496 companies for Return-on-Tangible-Asset. This places Appear ASA in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.43. Appear ASA's value of 12.46% is 412.8% above this benchmark. While the company's 10-year median is 15.17 vs. the industry median of 2.43, Appear 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.43, based on 2,496 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. Appear ASA's current Return-on-Tangible-Asset of 12.46% is 412.8% 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 Appear ASA and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Appear ASA's current Return-on-Tangible-Asset is 12.46%, which is 18% below median its own 10-year median of 15.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Appear ASA stock overvalued right now?
Appear ASA (OSL:APR) has a current Return-on-Tangible-Asset of 12.46%. The current Return-on-Tangible-Asset is 12.46%, which is 18% below median its 10-year median of 15.17 and 412.8% above the Hardware industry median of 2.43. Appear ASA's overall GF Score™ is 19/100 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 Appear ASA (OSL:APR), the current Return-on-Tangible-Asset is 12.46% 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.
Appear ASA, along with its subsidiaries, provides high-capacity, sustainable solutions for live-production and broadcast distribution technology to media, entertainment and sports clients. The company provides live video transport solutions that operate over satellite, dedicated fiber, and public internet infrastructure. Its offerings support a range of live event scenarios across media, entertainment, and sports industries, adapting to the varying requirements of these sectors. The company derives revenue from: Sales of media processing and delivery platforms, sales of software and licenses, and Sales of support and consulting services, majority being generated from the sales of media processing and delivery platforms. The Company has three geographic areas for Sales EMEA, APAC, and AM.
19GF Score
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