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SPARQ SystemsSPRQF 35 Return-on-Tangible-Asset is -46.07% as of Mar. 2026. GuruFocus rates SPRQF with a GF Score™ of 35/100 and a GF Value™ of $0.80 (Fairly Valued). The stock has 1 warning sign investors should review. Among 3,073 Industrial Products companies, SPARQ Systems ranks worse than 96.45% 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. SPARQ Systems's annualizedNet Income for the quarter that ended in Mar. 2026 was $-2.39 Mil. SPARQ Systems's average total tangible assets for the quarter that ended in Mar. 2026 was $5.18 Mil. Therefore, SPARQ Systems's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -46.07%.
The historical rank and industry rank for SPARQ Systems's Return-on-Tangible-Asset or its related term are showing as below:
SPRQF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -127.62 Med: -71.73 Max: -44.4
Current: -53.65
During the past 8 years, SPARQ Systems's highest Return-on-Tangible-Asset was -44.40%. The lowest was -127.62%. And the median was -71.73%.
SPRQF's Return-on-Tangible-Asset is ranked worse than 96.45% of 3073
companies
in the Industrial Products industry
Industry Median: 3.24
vs SPRQF: -53.65
SPARQ Systems (OTCPK:SPRQF) 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.
SPARQ Systems Return-on-Tangible-Asset Related Terms
SPARQ Systems Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for SPARQ Systems'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.
SPRQF vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, SPARQ Systems'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.
SPARQ Systems Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, SPARQ Systems's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SPARQ Systems'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 -46.07% mean?
SPARQ Systems (SPRQF) has a Return-on-Tangible-Asset of -46.07% 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 SPARQ Systems and its competitors. According to the industry distribution chart, SPARQ Systems ranks #2964 out of 3073 companies in the Industrial Products industry, placing it in the top 96.5%.
Is SPARQ Systems' Return-on-Tangible-Asset too high?
SPARQ Systems' current Return-on-Tangible-Asset is -46.07%. Based on the distribution chart, SPARQ Systems ranks #2964 out of 3073 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, SPARQ Systems has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SPARQ Systems' Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, SPARQ Systems ranks #2964 out of 3073 companies for Return-on-Tangible-Asset. This places SPARQ Systems in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.24. 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 3.24, based on 3,073 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. 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 SPARQ Systems and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPARQ Systems's current Return-on-Tangible-Asset is -46.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPARQ Systems stock overvalued right now?
Based on GuruFocus' analysis, SPARQ Systems (SPRQF) is currently considered Fairly Valued. The stock's GF Value™ is $0.80, compared to a current price of $0.84 — trading 5% above its estimated fair value. The current Return-on-Tangible-Asset is -46.07%. SPARQ Systems' overall GF Score™ is 35/100 with 1 warning sign 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 SPARQ Systems (SPRQF), the current Return-on-Tangible-Asset is -46.07% 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 SPARQ Systems (SPRQF) Overvalued in 2026?
Based on GuruFocus' analysis, SPARQ Systems stock appears to be overvalued.
The current stock price of $0.84 is trading 5% above its estimated GF Value™ of $0.80.
GuruFocus considers SPARQ Systems to be Fairly Valued.
Key valuation signals for SPRQF:
Return-on-Tangible-Asset: -46.07%
GF Value™: $0.80 vs. price of $0.84 (5% above fair value)
No single metric tells the full story. See the SPRQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPARQ Systems Inc designs and manufactures next generation single-phase microinverters for residential and commercial solar electric applications. The company has developed a proprietary photovoltaic (PV) solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design and installation, and lowering cost for solar power installations when compared to existing market offerings. Its products include Quad2, Quad3, Q1200 Microinverter, SparqLinq, SparqVu, and SparqSync. The company derives revenue from the sale of hardware, including microinverters and their associated peripherals.
35GF Score
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