Sandvik ABSDVKF -0.65%82 Return-on-Tangible-Asset is 13.79% as of Mar. 2026, which is 14% above its 10-year median of 12.11. GuruFocus rates SDVKF with a GF Score™ of 82/100 and a GF Value™ of $23.86 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 3,070 Industrial Products companies, Sandvik AB ranks better than 92.12% 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. Sandvik AB's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,664 Mil. Sandvik AB's average total tangible assets for the quarter that ended in Mar. 2026 was $12,067 Mil. Therefore, Sandvik AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 13.79%.
The historical rank and industry rank for Sandvik AB's Return-on-Tangible-Asset or its related term are showing as below:
SDVKF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.59 Med: 12.11 Max: 15.17
Current: 13.43
During the past 13 years, Sandvik AB's highest Return-on-Tangible-Asset was 15.17%. The lowest was 6.59%. And the median was 12.11%.
SDVKF's Return-on-Tangible-Asset is ranked better than 92.12% of 3070
companies
in the Industrial Products industry
Industry Median: 3.245
vs SDVKF: 13.43
Sandvik AB (OTCPK:SDVKF) 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.
Sandvik AB Return-on-Tangible-Asset Related Terms
Sandvik AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Sandvik 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.
SDVKF vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Sandvik 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.
Sandvik AB Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Sandvik AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sandvik 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 13.79% mean?
Sandvik AB (SDVKF) has a Return-on-Tangible-Asset of 13.79% 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 Sandvik AB and its competitors. This is 14% above median its historical median of 12.11. Over the past decade, Sandvik AB's Return-on-Tangible-Asset has ranged from 6.59 to 15.17. According to the industry distribution chart, Sandvik AB ranks #242 out of 3070 companies in the Industrial Products industry, placing it in the top 7.9%.
Is Sandvik AB's Return-on-Tangible-Asset too high?
Sandvik AB's current Return-on-Tangible-Asset of 13.79% is 14% above median its 10-year median of 12.11. Over the past 10 years, this metric has ranged from a low of 6.59 to a high of 15.17. The Industrial Products industry median Return-on-Tangible-Asset is 3.25. Sandvik AB's value of 13.79% is 325% above this industry median. Based on the distribution chart, Sandvik AB ranks #242 out of 3070 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Sandvik AB has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sandvik AB's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Sandvik AB ranks #242 out of 3070 companies for Return-on-Tangible-Asset. This places Sandvik AB in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.25. Sandvik AB's value of 13.79% is 325% above this benchmark. Historically, Sandvik AB's own Return-on-Tangible-Asset has ranged from 6.59 to 15.17 over the past decade. While the company's 10-year median is 12.11 vs. the industry median of 3.25, Sandvik 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.25, based on 3,070 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. Sandvik AB's current Return-on-Tangible-Asset of 13.79% is 325% 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 Sandvik AB and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sandvik AB's current Return-on-Tangible-Asset is 13.79%, which is 14% above median its own 10-year median of 12.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandvik AB stock overvalued right now?
Based on GuruFocus' analysis, Sandvik AB (SDVKF) is currently considered Significantly Overvalued. The stock's GF Value™ is $23.86, compared to a current price of $40.76 — trading 70.8% above its estimated fair value. The current Return-on-Tangible-Asset is 13.79%, which is 14% above median its 10-year median of 12.11 and 325% above the Industrial Products industry median of 3.25. Sandvik AB's overall GF Score™ is 82/100 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 Sandvik AB (SDVKF), the current Return-on-Tangible-Asset is 13.79% 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 Sandvik AB (SDVKF) Overvalued in 2026?
Based on GuruFocus' analysis, Sandvik AB stock appears to be overvalued.
The current stock price of $40.76 is trading 70.8% above its estimated GF Value™ of $23.86.
GuruFocus considers Sandvik AB to be Significantly Overvalued.
Key valuation signals for SDVKF:
Return-on-Tangible-Asset: 13.79% (14% above median its 10-year median of 12.11)
GF Value™: $23.86 vs. price of $40.76 (70.8% above fair value)
Industry Position: 325% above the Industrial Products median (#242 of 3070)
No single metric tells the full story. See the SDVKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The group is composed of three segments: mining and rock solutions, rock processing, and machining. Sandvik was founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.
82GF Score
Get the complete analysis for SDVKF
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
SDVKF has been successfully added to your 
