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Puma SEPMMAF +0.85%75 Return-on-Tangible-Asset is 1.69% as of Mar. 2026, which is 68% below its 10-year median of 5.31. GuruFocus rates PMMAF with a GF Score™ of 75/100 and a GF Value™ of $37.45 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,066 Manufacturing - Apparel & Accessories companies, Puma SE ranks worse than 88.46% 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. Puma SE's annualizedNet Income for the quarter that ended in Mar. 2026 was $123 Mil. Puma SE's average total tangible assets for the quarter that ended in Mar. 2026 was $7,265 Mil. Therefore, Puma SE's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.69%.
The historical rank and industry rank for Puma SE's Return-on-Tangible-Asset or its related term are showing as below:
PMMAF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.36 Med: 5.31 Max: 7.84
Current: -9.13
During the past 13 years, Puma SE's highest Return-on-Tangible-Asset was 7.84%. The lowest was -10.36%. And the median was 5.31%.
PMMAF's Return-on-Tangible-Asset is ranked worse than 88.46% of 1066
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.955
vs PMMAF: -9.13
Puma SE (OTCPK:PMMAF) 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.
Puma SE Return-on-Tangible-Asset Related Terms
Puma SE Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Puma SE'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.
PMMAF vs NKE, DECK, ONON: Return-on-Tangible-Asset Comparison
For the Footwear & Accessories subindustry, Puma SE'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.
Puma SE Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Puma SE's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Puma SE'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 1.69% mean?
Puma SE (PMMAF) has a Return-on-Tangible-Asset of 1.69% 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 Puma SE and its competitors. This is 68% below median its historical median of 5.31. According to the industry distribution chart, Puma SE ranks #943 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 88.5%.
Is Puma SE's Return-on-Tangible-Asset too high?
Puma SE's current Return-on-Tangible-Asset of 1.69% is 68% below median its 10-year median of 5.31. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 1.96. Puma SE's value of 1.69% is 13.6% below this industry median. Based on the distribution chart, Puma SE ranks #943 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Puma SE has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Puma SE's Return-on-Tangible-Asset compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Puma SE ranks #943 out of 1066 companies for Return-on-Tangible-Asset. This places Puma SE in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.96. Puma SE's value of 1.69% is 13.6% below this benchmark. While the company's 10-year median is 5.31 vs. the industry median of 1.96, Puma SE has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 1.96, based on 1,066 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. Puma SE's current Return-on-Tangible-Asset of 1.69% is 13.6% below 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 Puma SE and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Puma SE's current Return-on-Tangible-Asset is 1.69%, which is 68% below median its own 10-year median of 5.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Puma SE stock overvalued right now?
Based on GuruFocus' analysis, Puma SE (PMMAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $37.45, compared to a current price of $31.51 — trading 15.8% below its estimated fair value. The current Return-on-Tangible-Asset is 1.69%, which is 68% below median its 10-year median of 5.31 and 13.6% below the Manufacturing - Apparel & Accessories industry median of 1.96. Puma SE's overall GF Score™ is 75/100 with 8 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 Puma SE (PMMAF), the current Return-on-Tangible-Asset is 1.69% 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 Puma SE (PMMAF) Overvalued in 2026?
Based on GuruFocus' analysis, Puma SE stock appears to be undervalued.
The current stock price of $31.51 is trading 15.8% below its estimated GF Value™ of $37.45.
GuruFocus considers Puma SE to be Modestly Undervalued.
Key valuation signals for PMMAF:
Return-on-Tangible-Asset: 1.69% (68% below median its 10-year median of 5.31)
GF Value™: $37.45 vs. price of $31.51 (15.8% below fair value)
Industry Position: 13.6% below the Manufacturing - Apparel & Accessories median (#943 of 1066)
No single metric tells the full story. See the PMMAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Puma designs and markets footwear, apparel, and accessories under its own name and golf clubs and golf accessories under the Cobra Golf name. Footwear (56% of 2025 sales) is its largest category, followed by apparel (32%) and accessories (12%). Puma also licenses its name for fragrances, eyewear, and watches. Most of its sales are through wholesale partners (68% of 2025 sales), with the rest through approximately 1,000 owned retail and outlet stores and online channels. The company's products are sold in Europe, the Middle East, and Africa (43% of 2025 sales), the Americas (35%), and Asia-Pacific (22%). China-based competitor Anta is in the process of acquiring 29% of Puma's outstanding shares.
75GF Score
Get the complete analysis for PMMAF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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