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Smartoptics Group ASASMOPF 86 Return-on-Tangible-Asset is 18.97% as of Jun. 2026, which is 114% above its 10-year median of 8.85. GuruFocus rates SMOPF with a GF Score™ of 86/100 and a GF Value™ of $3.10 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,503 Hardware companies, Smartoptics Group ASA ranks better than 92.69% 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. Smartoptics Group ASA's annualizedNet Income for the quarter that ended in Jun. 2026 was $11.13 Mil. Smartoptics Group ASA's average total tangible assets for the quarter that ended in Jun. 2026 was $58.67 Mil. Therefore, Smartoptics Group ASA's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 18.97%.
The historical rank and industry rank for Smartoptics Group ASA's Return-on-Tangible-Asset or its related term are showing as below:
SMOPF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.63 Med: 8.85 Max: 17.5
Current: 13.55
During the past 8 years, Smartoptics Group ASA's highest Return-on-Tangible-Asset was 17.50%. The lowest was -0.63%. And the median was 8.85%.
SMOPF's Return-on-Tangible-Asset is ranked better than 92.69% of 2503
companies
in the Hardware industry
Industry Median: 2.44
vs SMOPF: 13.55
Smartoptics Group ASA (OTCPK:SMOPF) 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.
Smartoptics Group ASA Return-on-Tangible-Asset Related Terms
Smartoptics Group ASA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Smartoptics Group ASA'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.
Smartoptics Group ASA Return-on-Tangible-Asset Chart
SMOPF vs CSCO, CIEN, MSI: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Smartoptics Group ASA'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.
Smartoptics Group ASA Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Smartoptics Group ASA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Smartoptics Group ASA'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 18.97% mean?
Smartoptics Group ASA (SMOPF) has a Return-on-Tangible-Asset of 18.97% 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 Smartoptics Group ASA and its competitors. This is 114% above median its historical median of 8.85. According to the industry distribution chart, Smartoptics Group ASA ranks #183 out of 2503 companies in the Hardware industry, placing it in the top 7.3%.
Is Smartoptics Group ASA's Return-on-Tangible-Asset too high?
Smartoptics Group ASA's current Return-on-Tangible-Asset of 18.97% is 114% above median its 10-year median of 8.85. The Hardware industry median Return-on-Tangible-Asset is 2.44. Smartoptics Group ASA's value of 18.97% is 677.5% above this industry median. Based on the distribution chart, Smartoptics Group ASA ranks #183 out of 2503 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Smartoptics Group ASA has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smartoptics Group ASA's Return-on-Tangible-Asset compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Smartoptics Group ASA ranks #183 out of 2503 companies for Return-on-Tangible-Asset. This places Smartoptics Group ASA in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.44. Smartoptics Group ASA's value of 18.97% is 677.5% above this benchmark. While the company's 10-year median is 8.85 vs. the industry median of 2.44, Smartoptics Group ASA 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.44, based on 2,503 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. Smartoptics Group ASA's current Return-on-Tangible-Asset of 18.97% is 677.5% 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 Smartoptics Group ASA and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smartoptics Group ASA's current Return-on-Tangible-Asset is 18.97%, which is 114% above median its own 10-year median of 8.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartoptics Group ASA stock overvalued right now?
Based on GuruFocus' analysis, Smartoptics Group ASA (SMOPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.10, compared to a current price of $4.64 — trading 49.7% above its estimated fair value. The current Return-on-Tangible-Asset is 18.97%, which is 114% above median its 10-year median of 8.85 and 677.5% above the Hardware industry median of 2.44. Smartoptics Group ASA's overall GF Score™ is 86/100 with 2 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 Smartoptics Group ASA (SMOPF), the current Return-on-Tangible-Asset is 18.97% 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 Smartoptics Group ASA (SMOPF) Overvalued in 2026?
Based on GuruFocus' analysis, Smartoptics Group ASA stock appears to be overvalued.
The current stock price of $4.64 is trading 49.7% above its estimated GF Value™ of $3.10.
GuruFocus considers Smartoptics Group ASA to be Significantly Overvalued.
Key valuation signals for SMOPF:
Return-on-Tangible-Asset: 18.97% (114% above median its 10-year median of 8.85)
GF Value™: $3.10 vs. price of $4.64 (49.7% above fair value)
Industry Position: 677.5% above the Hardware median (#183 of 2503)
No single metric tells the full story. See the SMOPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smartoptics Group ASA provides optical networking solutions and devices for open networking. The company has three main product categories: Solutions, Optical Devices, and Software & Services. These products are used to construct various Enterprise, Governmental, DCI, Metro, and Regional networks. The Solutions consist of the DCP-R family, DCP-F family, DCP-M family, transponders, and Muxponders, as well as transceivers used in connection with the System projects. Optical devices consist of transceivers, passive filters, and accessories that are sold independently of products in the Solutions offering. Software and Services are closely related to Solutions, as customers buy a complete solution including a Software and Services package. Geographically works in America, EMEA, and APAC.
86GF Score
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