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.
SGS AGSGSOF +0.71%82 Return-on-Tangible-Asset is 13.30% as of Dec. 2025, which is 5% above its 10-year median of 12.67. GuruFocus rates SGSOF with a GF Score™ of 82/100 and a GF Value™ of $108.40 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,094 Business Services companies, SGS AG ranks better than 84.1% 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. SGS AG's annualizedNet Income for the quarter that ended in Dec. 2025 was $888 Mil. SGS AG's average total tangible assets for the quarter that ended in Dec. 2025 was $6,680 Mil. Therefore, SGS AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 13.30%.
The historical rank and industry rank for SGS AG's Return-on-Tangible-Asset or its related term are showing as below:
SGSOF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.81 Med: 12.67 Max: 14.8
Current: 13
During the past 13 years, SGS AG's highest Return-on-Tangible-Asset was 14.80%. The lowest was 9.81%. And the median was 12.67%.
SGSOF's Return-on-Tangible-Asset is ranked better than 84.1% of 1094
companies
in the Business Services industry
Industry Median: 3.97
vs SGSOF: 13.00
SGS AG (OTCPK:SGSOF) 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.
SGS AG Return-on-Tangible-Asset Related Terms
SGS AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for SGS AG'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.
SGSOF vs VRSK, EFX, BAH: Return-on-Tangible-Asset Comparison
For the Consulting Services subindustry, SGS AG'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.
SGS AG Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, SGS AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SGS AG'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 13.30% mean?
SGS AG (SGSOF) has a Return-on-Tangible-Asset of 13.30% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on SGS AG and its competitors. This is near median its historical median of 12.67. Over the past decade, SGS AG's Return-on-Tangible-Asset has ranged from 9.81 to 14.80. According to the industry distribution chart, SGS AG ranks #174 out of 1094 companies in the Business Services industry, placing it in the top 15.9%.
Is SGS AG's Return-on-Tangible-Asset too high?
SGS AG's current Return-on-Tangible-Asset of 13.30% is near median its 10-year median of 12.67. Over the past 10 years, this metric has ranged from a low of 9.81 to a high of 14.80. The Business Services industry median Return-on-Tangible-Asset is 3.97. SGS AG's value of 13.30% is 235% above this industry median. Based on the distribution chart, SGS AG ranks #174 out of 1094 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, SGS AG has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SGS AG's Return-on-Tangible-Asset compare to VRSK and EFX?
According to the Business Services industry distribution chart, SGS AG ranks #174 out of 1094 companies for Return-on-Tangible-Asset. This places SGS AG in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.97. SGS AG's value of 13.30% is 235% above this benchmark. Historically, SGS AG's own Return-on-Tangible-Asset has ranged from 9.81 to 14.80 over the past decade. While the company's 10-year median is 12.67 vs. the industry median of 3.97, SGS AG 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.97, based on 1,094 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. SGS AG's current Return-on-Tangible-Asset of 13.30% is 235% 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 SGS AG and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SGS AG's current Return-on-Tangible-Asset is 13.30%, which is near median its own 10-year median of 12.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SGS AG stock overvalued right now?
Based on GuruFocus' analysis, SGS AG (SGSOF) is currently considered Fairly Valued. The stock's GF Value™ is $108.40, compared to a current price of $117.63 — trading 8.5% above its estimated fair value. The current Return-on-Tangible-Asset is 13.30%, which is near median its 10-year median of 12.67 and 235% above the Business Services industry median of 3.97. SGS AG's overall GF Score™ is 82/100 with 7 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 SGS AG (SGSOF), the current Return-on-Tangible-Asset is 13.30% as of Dec. 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.
Is SGS AG (SGSOF) Overvalued in 2026?
Based on GuruFocus' analysis, SGS AG stock appears to be overvalued.
The current stock price of $117.63 is trading 8.5% above its estimated GF Value™ of $108.40.
GuruFocus considers SGS AG to be Fairly Valued.
Key valuation signals for SGSOF:
Return-on-Tangible-Asset: 13.30% (near median its 10-year median of 12.67)
GF Value™: $108.40 vs. price of $117.63 (8.5% above fair value)
Industry Position: 235% above the Business Services median (#174 of 1094)
No single metric tells the full story. See the SGSOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Switzerland-listed SGS is the largest and one of the oldest companies in the testing, inspection, and certification industry. The company's primary activities involve testing products and materials, inspecting sites/industrial equipment, and certifying products and systems to ensure global/company standards. SGS is one of only three TIC companies operating globally across agriculture, food, life sciences, and transportation services. SGS was first listed in 1981 and employs almost 100,000 people worldwide.
82GF Score
Get the complete analysis for SGSOF
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
SGSOF has been successfully added to your 
