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Smith-MidlandSMID +0.38%84 Return-on-Tangible-Asset is 5.95% as of Mar. 2026, which is 27% below its 10-year median of 8.11. GuruFocus rates SMID with a GF Score™ of 84/100 and a GF Value™ of $43.00 (Significantly Undervalued). Among 410 Building Materials companies, Smith-Midland ranks better than 90.73% 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. Smith-Midland's annualizedNet Income for the quarter that ended in Mar. 2026 was $5.36 Mil. Smith-Midland's average total tangible assets for the quarter that ended in Mar. 2026 was $89.96 Mil. Therefore, Smith-Midland's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.95%.
The historical rank and industry rank for Smith-Midland's Return-on-Tangible-Asset or its related term are showing as below:
SMID'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.37 Med: 8.11 Max: 16.06
Current: 12.49
During the past 13 years, Smith-Midland's highest Return-on-Tangible-Asset was 16.06%. The lowest was 1.37%. And the median was 8.11%.
SMID's Return-on-Tangible-Asset is ranked better than 90.73% of 410
companies
in the Building Materials industry
Industry Median: 2.345
vs SMID: 12.49
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.
Smith-Midland Return-on-Tangible-Asset Related Terms
Smith-Midland Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Smith-Midland'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.
SMID vs PHCI, RETO, BASA: Return-on-Tangible-Asset Comparison
For the Building Materials subindustry, Smith-Midland'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.
Smith-Midland Return-on-Tangible-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Smith-Midland's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Smith-Midland'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 5.95% mean?
Smith-Midland (SMID) has a Return-on-Tangible-Asset of 5.95% 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 Smith-Midland and its competitors. This is 27% below median its historical median of 8.11. Over the past decade, Smith-Midland's Return-on-Tangible-Asset has ranged from 1.37 to 16.06. According to the industry distribution chart, Smith-Midland ranks #38 out of 410 companies in the Building Materials industry, placing it in the top 9.3%.
Is Smith-Midland's Return-on-Tangible-Asset too high?
Smith-Midland's current Return-on-Tangible-Asset of 5.95% is 27% below median its 10-year median of 8.11. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 16.06. The Building Materials industry median Return-on-Tangible-Asset is 2.35. Smith-Midland's value of 5.95% is 153.7% above this industry median. Based on the distribution chart, Smith-Midland ranks #38 out of 410 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Smith-Midland has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Smith-Midland's Return-on-Tangible-Asset compare to PHCI and RETO?
According to the Building Materials industry distribution chart, Smith-Midland ranks #38 out of 410 companies for Return-on-Tangible-Asset. This places Smith-Midland in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.35. Smith-Midland's value of 5.95% is 153.7% above this benchmark. Historically, Smith-Midland's own Return-on-Tangible-Asset has ranged from 1.37 to 16.06 over the past decade. While the company's 10-year median is 8.11 vs. the industry median of 2.35, Smith-Midland 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 Building Materials company?
The median Return-on-Tangible-Asset among Building Materials companies is 2.35, based on 410 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. Smith-Midland's current Return-on-Tangible-Asset of 5.95% is 153.7% 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 Smith-Midland and its competitors. For the Building Materials industry, the median Return-on-Tangible-Asset is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smith-Midland's current Return-on-Tangible-Asset is 5.95%, which is 27% below median its own 10-year median of 8.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smith-Midland stock overvalued right now?
Based on GuruFocus' analysis, Smith-Midland (SMID) is currently considered Significantly Undervalued. The stock's GF Value™ is $43.00, compared to a current price of $29.30 — trading 31.9% below its estimated fair value. The current Return-on-Tangible-Asset is 5.95%, which is 27% below median its 10-year median of 8.11 and 153.7% above the Building Materials industry median of 2.35. Smith-Midland's overall GF Score™ is 84/100. 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 Smith-Midland (SMID), the current Return-on-Tangible-Asset is 5.95% 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 Smith-Midland (SMID) Overvalued in 2026?
Based on GuruFocus' analysis, Smith-Midland stock appears to be undervalued.
The current stock price of $29.30 is trading 31.9% below its estimated GF Value™ of $43.00.
GuruFocus considers Smith-Midland to be Significantly Undervalued.
Key valuation signals for SMID:
Return-on-Tangible-Asset: 5.95% (27% below median its 10-year median of 8.11)
GF Value™: $43.00 vs. price of $29.30 (31.9% below fair value)
Industry Position: 153.7% above the Building Materials median (#38 of 410)
No single metric tells the full story. See the SMID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smith-Midland Corp through its subsidiaries invents, develops, manufactures, markets, sells, and installs precast concrete products for primary use in the construction, highway, utilities, and farming industries. The firm's customers are general contractors and federal, state, and local transportation authorities. Its products include Slenderwall, JJhooks, Softsound, Sierra Wall and Easi set. A substantial portion of the company's business is derived from local, state, and federal building projects. The company generates revenues predominantly from the sale, leasing, licensing, shipping, and installation of precast concrete products for the construction, utility, and farming industries.
84GF 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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