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SanDiskSNDK -14.25%46 Return-on-Tangible-Asset is 144.00% as of Mar. 2026, which is 2383% above its 10-year median of 5.80. GuruFocus rates SNDK with a GF Score™ of 46/100. The stock has 3 warning signs investors should review. Among 2,501 Hardware companies, SanDisk ranks better than 99.64% 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. SanDisk's annualizedNet Income for the quarter that ended in Mar. 2026 was $14,460 Mil. SanDisk's average total tangible assets for the quarter that ended in Mar. 2026 was $10,042 Mil. Therefore, SanDisk's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 144.00%.
The historical rank and industry rank for SanDisk's Return-on-Tangible-Asset or its related term are showing as below:
SNDK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -26.45 Med: 5.8 Max: 51.47
Current: 51.47
During the past 13 years, SanDisk's highest Return-on-Tangible-Asset was 51.47%. The lowest was -26.45%. And the median was 5.80%.
SNDK's Return-on-Tangible-Asset is ranked better than 99.64% of 2501
companies
in the Hardware industry
Industry Median: 2.44
vs SNDK: 51.47
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.
SanDisk Return-on-Tangible-Asset Related Terms
SanDisk Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for SanDisk'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.
SNDK vs ANET, STX, WDC: Return-on-Tangible-Asset Comparison
For the Computer Hardware subindustry, SanDisk'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.
SanDisk Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, SanDisk's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SanDisk'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 144.00% mean?
SanDisk (SNDK) has a Return-on-Tangible-Asset of 144.00% 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 SanDisk and its competitors. This is 2383% above median its historical median of 5.80. According to the industry distribution chart, SanDisk ranks #9 out of 2501 companies in the Hardware industry, placing it in the top 0.40000000000001%.
Is SanDisk's Return-on-Tangible-Asset too high?
SanDisk's current Return-on-Tangible-Asset of 144.00% is 2383% above median its 10-year median of 5.80. The Hardware industry median Return-on-Tangible-Asset is 2.44. SanDisk's value of 144.00% is 5801.6% above this industry median. Based on the distribution chart, SanDisk ranks #9 out of 2501 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, SanDisk has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does SanDisk's Return-on-Tangible-Asset compare to ANET and STX?
According to the Hardware industry distribution chart, SanDisk ranks #9 out of 2501 companies for Return-on-Tangible-Asset. This places SanDisk in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.44. SanDisk's value of 144.00% is 5801.6% above this benchmark. While the company's 10-year median is 5.80 vs. the industry median of 2.44, SanDisk 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 2,501 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. SanDisk's current Return-on-Tangible-Asset of 144.00% is 5801.6% 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 SanDisk 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. SanDisk's current Return-on-Tangible-Asset is 144.00%, which is 2383% above median its own 10-year median of 5.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SanDisk stock overvalued right now?
SanDisk (SNDK) has a current Return-on-Tangible-Asset of 144.00%. The current Return-on-Tangible-Asset is 144.00%, which is 2383% above median its 10-year median of 5.80 and 5801.6% above the Hardware industry median of 2.44. SanDisk's overall GF Score™ is 46/100 with 3 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 SanDisk (SNDK), the current Return-on-Tangible-Asset is 144.00% 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.
Sandisk is one of the five largest suppliers of NAND flash memory semiconductors globally. Sandisk is vertically integrated, producing substantially all of its flash chips at manufacturing sites across Japan via a joint-venture framework with Kioxia. Sandisk then repackages most of its chips into SSDs for consumer electronics, external storage, or cloud storage. Sandisk was formerly a piece of Western Digital for nine years (after being acquired in 2016) and was spun off as an independent company in 2025.
46GF Score
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