CodeLab Capital ASOSL:CODE -8.67%54 Return-on-Tangible-Asset is -88.36% as of Dec. 2025. GuruFocus rates OSL:CODE with a GF Score™ of 54/100 and a GF Value™ of kr2.28 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 681 Healthcare Providers & Services companies, CodeLab Capital AS ranks worse than 89.43% 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. CodeLab Capital AS's annualizedNet Income for the quarter that ended in Dec. 2025 was kr-19.11 Mil. CodeLab Capital AS's average total tangible assets for the quarter that ended in Dec. 2025 was kr21.63 Mil. Therefore, CodeLab Capital AS's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -88.36%.
The historical rank and industry rank for CodeLab Capital AS's Return-on-Tangible-Asset or its related term are showing as below:
OSL:CODE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -312.18 Med: -58.32 Max: 28.84
Current: -74.63
During the past 8 years, CodeLab Capital AS's highest Return-on-Tangible-Asset was 28.84%. The lowest was -312.18%. And the median was -58.32%.
OSL:CODE's Return-on-Tangible-Asset is ranked worse than 89.43% of 681
companies
in the Healthcare Providers & Services industry
Industry Median: 2.43
vs OSL:CODE: -74.63
CodeLab Capital AS (OSL:CODE) 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.
CodeLab Capital AS Return-on-Tangible-Asset Related Terms
CodeLab Capital AS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for CodeLab Capital 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.
OSL:CODE vs VEEV, BTSG, TEM: Return-on-Tangible-Asset Comparison
For the Health Information Services subindustry, CodeLab Capital 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.
CodeLab Capital AS Return-on-Tangible-Asset vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, CodeLab Capital AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CodeLab Capital 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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -88.36% mean?
CodeLab Capital AS (OSL:CODE) has a Return-on-Tangible-Asset of -88.36% 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 CodeLab Capital AS and its competitors. According to the industry distribution chart, CodeLab Capital AS ranks #609 out of 681 companies in the Healthcare Providers & Services industry, placing it in the top 89.4%.
Is CodeLab Capital AS's Return-on-Tangible-Asset too high?
CodeLab Capital AS's current Return-on-Tangible-Asset is -88.36%. Based on the distribution chart, CodeLab Capital AS ranks #609 out of 681 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, CodeLab Capital AS has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CodeLab Capital AS's Return-on-Tangible-Asset compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, CodeLab Capital AS ranks #609 out of 681 companies for Return-on-Tangible-Asset. This places CodeLab Capital AS in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.43. 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Asset among Healthcare Providers & Services companies is 2.43, based on 681 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 CodeLab Capital AS and its competitors. For the Healthcare Providers & Services 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. CodeLab Capital AS's current Return-on-Tangible-Asset is -88.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CodeLab Capital AS stock overvalued right now?
Based on GuruFocus' analysis, CodeLab Capital AS (OSL:CODE) is currently considered Significantly Overvalued. The stock's GF Value™ is kr2.28, compared to a current price of kr3.37 — trading 47.8% above its estimated fair value. The current Return-on-Tangible-Asset is -88.36%. CodeLab Capital AS's overall GF Score™ is 54/100 with 6 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 CodeLab Capital AS (OSL:CODE), the current Return-on-Tangible-Asset is -88.36% 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 CodeLab Capital AS (OSL:CODE) Overvalued in 2026?
Based on GuruFocus' analysis, CodeLab Capital AS stock appears to be overvalued.
The current stock price of kr3.37 is trading 47.8% above its estimated GF Value™ of kr2.28.
GuruFocus considers CodeLab Capital AS to be Significantly Overvalued.
Key valuation signals for OSL:CODE:
Return-on-Tangible-Asset: -88.36%
GF Value™: kr2.28 vs. price of kr3.37 (47.8% above fair value)
No single metric tells the full story. See the OSL:CODE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CodeLab Capital AS builds and invests in next-generation technology. Its primary objective is to invest in other companies and contribute with capital, network, and operations. CodeLab Capital AS is a holding company that, through its subsidiary, is engaged in making software development tools for the broader B2B market.
54GF Score
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