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Norditek Group ABOSTO:NOTEK +1.82%54 Return-on-Tangible-Asset is 2.43% as of Feb. 2026, which is 61% below its 10-year median of 6.29. GuruFocus rates OSTO:NOTEK with a GF Score™ of 54/100 and a GF Value™ of kr15.24 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 245 Waste Management companies, Norditek Group AB ranks better than 66.53% 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. Norditek Group AB's annualizedNet Income for the quarter that ended in Feb. 2026 was kr4.3 Mil. Norditek Group AB's average total tangible assets for the quarter that ended in Feb. 2026 was kr177.0 Mil. Therefore, Norditek Group AB's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 2.43%.
The historical rank and industry rank for Norditek Group AB's Return-on-Tangible-Asset or its related term are showing as below:
OSTO:NOTEK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.61 Med: 6.29 Max: 8.59
Current: 5.15
During the past 5 years, Norditek Group AB's highest Return-on-Tangible-Asset was 8.59%. The lowest was 0.61%. And the median was 6.29%.
OSTO:NOTEK's Return-on-Tangible-Asset is ranked better than 66.53% of 245
companies
in the Waste Management industry
Industry Median: 1.94
vs OSTO:NOTEK: 5.15
Norditek Group AB (OSTO:NOTEK) 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.
Norditek Group AB Return-on-Tangible-Asset Related Terms
Norditek Group AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Norditek Group AB'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.
OSTO:NOTEK vs WM, RSG, WCN: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, Norditek Group AB'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.
Norditek Group AB Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, Norditek Group AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Norditek Group AB'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 (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.43% mean?
Norditek Group AB (OSTO:NOTEK) has a Return-on-Tangible-Asset of 2.43% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Norditek Group AB and its competitors. This is 61% below median its historical median of 6.29. Over the past decade, Norditek Group AB's Return-on-Tangible-Asset has ranged from 0.61 to 8.59. According to the industry distribution chart, Norditek Group AB ranks #82 out of 245 companies in the Waste Management industry, placing it in the top 33.5%.
Is Norditek Group AB's Return-on-Tangible-Asset too high?
Norditek Group AB's current Return-on-Tangible-Asset of 2.43% is 61% below median its 10-year median of 6.29. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 8.59. The Waste Management industry median Return-on-Tangible-Asset is 1.94. Norditek Group AB's value of 2.43% is 25.3% above this industry median. Based on the distribution chart, Norditek Group AB ranks #82 out of 245 companies in the Waste Management industry, which is above the industry midpoint. Overall, Norditek Group AB has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Norditek Group AB's Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, Norditek Group AB ranks #82 out of 245 companies for Return-on-Tangible-Asset. This puts Norditek Group AB in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.94. Norditek Group AB's value of 2.43% is 25.3% above this benchmark. Historically, Norditek Group AB's own Return-on-Tangible-Asset has ranged from 0.61 to 8.59 over the past decade. While the company's 10-year median is 6.29 vs. the industry median of 1.94, Norditek Group AB 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 Waste Management company?
The median Return-on-Tangible-Asset among Waste Management companies is 1.94, based on 245 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. Norditek Group AB's current Return-on-Tangible-Asset of 2.43% is 25.3% 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 Norditek Group AB and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norditek Group AB's current Return-on-Tangible-Asset is 2.43%, which is 61% below median its own 10-year median of 6.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norditek Group AB stock overvalued right now?
Based on GuruFocus' analysis, Norditek Group AB (OSTO:NOTEK) is currently considered Modestly Undervalued. The stock's GF Value™ is kr15.24, compared to a current price of kr11.20 — trading 26.5% below its estimated fair value. The current Return-on-Tangible-Asset is 2.43%, which is 61% below median its 10-year median of 6.29 and 25.3% above the Waste Management industry median of 1.94. Norditek Group AB's overall GF Score™ is 54/100 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 Norditek Group AB (OSTO:NOTEK), the current Return-on-Tangible-Asset is 2.43% as of Feb. 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 Norditek Group AB (OSTO:NOTEK) Overvalued in 2026?
Based on GuruFocus' analysis, Norditek Group AB stock appears to be undervalued.
The current stock price of kr11.20 is trading 26.5% below its estimated GF Value™ of kr15.24.
GuruFocus considers Norditek Group AB to be Modestly Undervalued.
Key valuation signals for OSTO:NOTEK:
Return-on-Tangible-Asset: 2.43% (61% below median its 10-year median of 6.29)
GF Value™: kr15.24 vs. price of kr11.20 (26.5% below fair value)
Industry Position: 25.3% above the Waste Management median (#82 of 245)
No single metric tells the full story. See the OSTO:NOTEK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norditek Group AB is an environmental technology company with a focus on mobile and flexiblerecycling facilities in the Waste, Gravel & Rock and Biomass segments.
54GF Score
Get the complete analysis for OSTO:NOTEK
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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