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Al Rajhi REIT FundSAU:4340 -0.50%65 Return-on-Tangible-Asset is 2.96% as of Jun. 2026, which is 4% above its 10-year median of 2.85. GuruFocus rates SAU:4340 with a GF Score™ of 65/100 and a GF Value™ of ﷼7.89 (Fairly Valued). The stock has 6 warning signs investors should review. Among 916 REITs companies, Al Rajhi REIT Fund ranks better than 64.3% 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. Al Rajhi REIT Fund's annualizedNet Income for the quarter that ended in Jun. 2026 was ﷼93.9 Mil. Al Rajhi REIT Fund's average total tangible assets for the quarter that ended in Jun. 2026 was ﷼3,175.1 Mil. Therefore, Al Rajhi REIT Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 2.96%.
The historical rank and industry rank for Al Rajhi REIT Fund's Return-on-Tangible-Asset or its related term are showing as below:
SAU:4340'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.99 Med: 2.85 Max: 5.92
Current: 4.63
During the past 8 years, Al Rajhi REIT Fund's highest Return-on-Tangible-Asset was 5.92%. The lowest was -7.99%. And the median was 2.85%.
SAU:4340's Return-on-Tangible-Asset is ranked better than 64.3% of 916
companies
in the REITs industry
Industry Median: 3.315
vs SAU:4340: 4.63
Al Rajhi REIT Fund (SAU:4340) 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.
Al Rajhi REIT Fund Return-on-Tangible-Asset Related Terms
Al Rajhi REIT Fund Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Al Rajhi REIT Fund'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.
SAU:4340 vs VICI, WPC: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Al Rajhi REIT Fund'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.
Al Rajhi REIT Fund Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Al Rajhi REIT Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Al Rajhi REIT Fund'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. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.96% mean?
Al Rajhi REIT Fund (SAU:4340) has a Return-on-Tangible-Asset of 2.96% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Al Rajhi REIT Fund and its competitors. This is near median its historical median of 2.85. According to the industry distribution chart, Al Rajhi REIT Fund ranks #327 out of 916 companies in the REITs industry, placing it in the top 35.7%.
Is Al Rajhi REIT Fund's Return-on-Tangible-Asset too high?
Al Rajhi REIT Fund's current Return-on-Tangible-Asset of 2.96% is near median its 10-year median of 2.85. The REITs industry median Return-on-Tangible-Asset is 3.32. Al Rajhi REIT Fund's value of 2.96% is 10.7% below this industry median. Based on the distribution chart, Al Rajhi REIT Fund ranks #327 out of 916 companies in the REITs industry, which is above the industry midpoint. Overall, Al Rajhi REIT Fund has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Al Rajhi REIT Fund's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Al Rajhi REIT Fund ranks #327 out of 916 companies for Return-on-Tangible-Asset. This puts Al Rajhi REIT Fund in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.32. Al Rajhi REIT Fund's value of 2.96% is 10.7% below this benchmark. While the company's 10-year median is 2.85 vs. the industry median of 3.32, Al Rajhi REIT Fund 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.32, based on 916 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. Al Rajhi REIT Fund's current Return-on-Tangible-Asset of 2.96% is 10.7% 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 Al Rajhi REIT Fund and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Rajhi REIT Fund's current Return-on-Tangible-Asset is 2.96%, which is near median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Rajhi REIT Fund stock overvalued right now?
Based on GuruFocus' analysis, Al Rajhi REIT Fund (SAU:4340) is currently considered Fairly Valued. The stock's GF Value™ is ﷼7.89, compared to a current price of ﷼7.96 — trading 0.9% above its estimated fair value. The current Return-on-Tangible-Asset is 2.96%, which is near median its 10-year median of 2.85 and 10.7% below the REITs industry median of 3.32. Al Rajhi REIT Fund's overall GF Score™ is 65/100 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 Al Rajhi REIT Fund (SAU:4340), the current Return-on-Tangible-Asset is 2.96% as of Jun. 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 Al Rajhi REIT Fund (SAU:4340) Overvalued in 2026?
Based on GuruFocus' analysis, Al Rajhi REIT Fund stock appears to be overvalued.
The current stock price of ﷼7.96 is trading 0.9% above its estimated GF Value™ of ﷼7.89.
GuruFocus considers Al Rajhi REIT Fund to be Fairly Valued.
Key valuation signals for SAU:4340:
Return-on-Tangible-Asset: 2.96% (near median its 10-year median of 2.85)
GF Value™: ﷼7.89 vs. price of ﷼7.96 (0.9% above fair value)
Industry Position: 10.7% below the REITs median (#327 of 916)
No single metric tells the full story. See the SAU:4340 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Al Rajhi REIT Fund is a close-ended real estate investment traded fund. The investment objective of the company is to invest in income-generating real estate assets. It is divided into four divisions namely Brokerage, Asset Management, Investment Banking, and Research. The Brokerage Division offers a comprehensive brokerage and execution service, The Asset management division manages International, regional, and local mutual funds. Investment Banking provides a comprehensive range of strategic financial advisory services, including debt and equity structuring and arranging, to assist clients in achieving their business and financial objectives. The research division focuses on delivering detailed investment analysis of regional and international equity, markets, and economies.
65GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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