Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Treasure ASAOSL:TRE 19 Return-on-Tangible-Asset is 17.67% as of Jun. 2025, which is 99% above its 10-year median of 8.89. GuruFocus rates OSL:TRE with a GF Score™ of 19/100. The stock has 5 warning signs investors should review.
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. Treasure ASA's annualizedNet Income for the quarter that ended in Jun. 2025 was kr1,365 Mil. Treasure ASA's average total tangible assets for the quarter that ended in Jun. 2025 was kr7,723 Mil. Therefore, Treasure ASA's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2025 was 17.67%.
The historical rank and industry rank for Treasure ASA's Return-on-Tangible-Asset or its related term are showing as below:
OSL:TRE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.46 Med: 8.89 Max: 30.96
Current: 15.03
During the past 9 years, Treasure ASA's highest Return-on-Tangible-Asset was 30.96%. The lowest was -20.46%. And the median was 8.89%.
OSL:TRE's Return-on-Tangible-Asset is not ranked
in the Asset Management industry.
Industry Median: 4.23
vs OSL:TRE: 15.03
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.
Treasure ASA Return-on-Tangible-Asset Related Terms
Treasure ASA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Treasure 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:TRE vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Treasure 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.
Treasure ASA Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Treasure ASA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Treasure 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 two times the semi-annual (Jun. 2025) net income data.
What does a Return-on-Tangible-Asset of 17.67% mean?
Treasure ASA (OSL:TRE) has a Return-on-Tangible-Asset of 17.67% as of Jun. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Treasure ASA and its competitors. This is 99% above median its historical median of 8.89.
Is Treasure ASA's Return-on-Tangible-Asset too high?
Treasure ASA's current Return-on-Tangible-Asset of 17.67% is 99% above median its 10-year median of 8.89. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Treasure ASA's value of 17.67% is 317.7% above this industry median. Overall, Treasure ASA has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Treasure ASA's Return-on-Tangible-Asset compare to BLK and BX?
Treasure ASA's Return-on-Tangible-Asset of 17.67% can be compared against companies in the Asset Management industry. The industry median Return-on-Tangible-Asset is 4.23. Treasure ASA's value of 17.67% is 317.7% above this benchmark. While the company's 10-year median is 8.89 vs. the industry median of 4.23, Treasure 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.23, based on 1,637 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. Treasure ASA's current Return-on-Tangible-Asset of 17.67% is 317.7% 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 Treasure ASA and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Treasure ASA's current Return-on-Tangible-Asset is 17.67%, which is 99% above median its own 10-year median of 8.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Treasure ASA stock overvalued right now?
Treasure ASA (OSL:TRE) has a current Return-on-Tangible-Asset of 17.67%. The current Return-on-Tangible-Asset is 17.67%, which is 99% above median its 10-year median of 8.89 and 317.7% above the Asset Management industry median of 4.23. Treasure ASA's overall GF Score™ is 19/100 with 5 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 Treasure ASA (OSL:TRE), the current Return-on-Tangible-Asset is 17.67% as of Jun. 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.
Treasure ASA operates in the maritime and offshore logistics sectors. The group operates through three main segments: Maritime Services, New Energy, and Strategic Holdings and Investments. The main activities of the Maritime Services segment are the provision of products and services for the merchant fleet. This includes offerings such as marine chemicals, gases, ropes, welding, speciality lubricants, cleaning equipment, refrigeration equipment, and various maritime solutions. The main activities of the New Energy segment are the operation of supply bases for the offshore industry, and investments in infrastructure, logistics, offshore wind, remote solutions, and digital innovation. It generates majority of revenue from the Maritime Services segment.
19GF Score
Get the complete analysis for OSL:TRE
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSL:TRE has been successfully added to your 
