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SalMar ASAOSL:SALM +0.20%98 Return-on-Tangible-Asset is 6.51% as of Mar. 2026, which is 55% below its 10-year median of 14.50. GuruFocus rates OSL:SALM with a GF Score™ of 98/100 and a GF Value™ of kr616.10 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,994 Consumer Packaged Goods companies, SalMar ASA ranks better than 62.84% 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. SalMar ASA's annualizedNet Income for the quarter that ended in Mar. 2026 was kr2,276 Mil. SalMar ASA's average total tangible assets for the quarter that ended in Mar. 2026 was kr34,980 Mil. Therefore, SalMar ASA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.51%.
The historical rank and industry rank for SalMar ASA's Return-on-Tangible-Asset or its related term are showing as below:
OSL:SALM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.14 Med: 14.5 Max: 32.84
Current: 5.81
During the past 13 years, SalMar ASA's highest Return-on-Tangible-Asset was 32.84%. The lowest was 3.14%. And the median was 14.50%.
OSL:SALM's Return-on-Tangible-Asset is ranked better than 62.84% of 1994
companies
in the Consumer Packaged Goods industry
Industry Median: 3.47
vs OSL:SALM: 5.81
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.
SalMar ASA Return-on-Tangible-Asset Related Terms
SalMar ASA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for SalMar 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:SALM vs ADM, BG, TSN: Return-on-Tangible-Asset Comparison
For the Farm Products subindustry, SalMar 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.
SalMar ASA Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, SalMar ASA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SalMar 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 6.51% mean?
SalMar ASA (OSL:SALM) has a Return-on-Tangible-Asset of 6.51% 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 SalMar ASA and its competitors. This is 55% below median its historical median of 14.50. Over the past decade, SalMar ASA's Return-on-Tangible-Asset has ranged from 3.14 to 32.84. According to the industry distribution chart, SalMar ASA ranks #741 out of 1994 companies in the Consumer Packaged Goods industry, placing it in the top 37.2%.
Is SalMar ASA's Return-on-Tangible-Asset too high?
SalMar ASA's current Return-on-Tangible-Asset of 6.51% is 55% below median its 10-year median of 14.50. Over the past 10 years, this metric has ranged from a low of 3.14 to a high of 32.84. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.47. SalMar ASA's value of 6.51% is 87.6% above this industry median. Based on the distribution chart, SalMar ASA ranks #741 out of 1994 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, SalMar ASA has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SalMar ASA's Return-on-Tangible-Asset compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, SalMar ASA ranks #741 out of 1994 companies for Return-on-Tangible-Asset. This puts SalMar ASA in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.47. SalMar ASA's value of 6.51% is 87.6% above this benchmark. Historically, SalMar ASA's own Return-on-Tangible-Asset has ranged from 3.14 to 32.84 over the past decade. While the company's 10-year median is 14.50 vs. the industry median of 3.47, SalMar 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.47, based on 1,994 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. SalMar ASA's current Return-on-Tangible-Asset of 6.51% is 87.6% 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 SalMar ASA and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SalMar ASA's current Return-on-Tangible-Asset is 6.51%, which is 55% below median its own 10-year median of 14.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SalMar ASA stock overvalued right now?
Based on GuruFocus' analysis, SalMar ASA (OSL:SALM) is currently considered Modestly Undervalued. The stock's GF Value™ is kr616.10, compared to a current price of kr501.00 — trading 18.7% below its estimated fair value. The current Return-on-Tangible-Asset is 6.51%, which is 55% below median its 10-year median of 14.50 and 87.6% above the Consumer Packaged Goods industry median of 3.47. SalMar ASA's overall GF Score™ is 98/100 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 SalMar ASA (OSL:SALM), the current Return-on-Tangible-Asset is 6.51% 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 SalMar ASA (OSL:SALM) Overvalued in 2026?
Based on GuruFocus' analysis, SalMar ASA stock appears to be undervalued.
The current stock price of kr501.00 is trading 18.7% below its estimated GF Value™ of kr616.10.
GuruFocus considers SalMar ASA to be Modestly Undervalued.
Key valuation signals for OSL:SALM:
Return-on-Tangible-Asset: 6.51% (55% below median its 10-year median of 14.50)
GF Value™: kr616.10 vs. price of kr501.00 (18.7% below fair value)
Industry Position: 87.6% above the Consumer Packaged Goods median (#741 of 1994)
No single metric tells the full story. See the OSL:SALM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make them more convenient for customers. The salmon are sold through an in-house salesforce and close partners of the company. Proximity to customers and tracking the use of resources play a factor in delivering the raw material.
98GF Score
Get the complete analysis for OSL:SALM
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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