Spirax GroupSPXSF 88 Return-on-Tangible-Asset is 12.76% as of Dec. 2025, which is 21% below its 10-year median of 16.07. GuruFocus rates SPXSF with a GF Score™ of 88/100 and a GF Value™ of $111.53 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 3,076 Industrial Products companies, Spirax Group ranks better than 86.7% 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. Spirax Group's annualizedNet Income for the quarter that ended in Dec. 2025 was $270 Mil. Spirax Group's average total tangible assets for the quarter that ended in Dec. 2025 was $2,112 Mil. Therefore, Spirax Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 12.76%.
The historical rank and industry rank for Spirax Group's Return-on-Tangible-Asset or its related term are showing as below:
SPXSF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.35 Med: 16.07 Max: 23.59
Current: 10.45
During the past 13 years, Spirax Group's highest Return-on-Tangible-Asset was 23.59%. The lowest was 10.35%. And the median was 16.07%.
SPXSF's Return-on-Tangible-Asset is ranked better than 86.7% of 3076
companies
in the Industrial Products industry
Industry Median: 3.24
vs SPXSF: 10.45
Spirax Group (OTCPK:SPXSF) 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.
Spirax Group Return-on-Tangible-Asset Related Terms
Spirax Group Return-on-Tangible-Asset Historical Data
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The historical data trend for Spirax Group'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.
SPXSF vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Spirax Group'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.
Spirax Group Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Spirax Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Spirax Group'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 12.76% mean?
Spirax Group (SPXSF) has a Return-on-Tangible-Asset of 12.76% 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 Spirax Group and its competitors. This is 21% below median its historical median of 16.07. Over the past decade, Spirax Group's Return-on-Tangible-Asset has ranged from 10.35 to 23.59. According to the industry distribution chart, Spirax Group ranks #409 out of 3076 companies in the Industrial Products industry, placing it in the top 13.3%.
Is Spirax Group's Return-on-Tangible-Asset too high?
Spirax Group's current Return-on-Tangible-Asset of 12.76% is 21% below median its 10-year median of 16.07. Over the past 10 years, this metric has ranged from a low of 10.35 to a high of 23.59. The Industrial Products industry median Return-on-Tangible-Asset is 3.24. Spirax Group's value of 12.76% is 293.8% above this industry median. Based on the distribution chart, Spirax Group ranks #409 out of 3076 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Spirax Group has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spirax Group's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Spirax Group ranks #409 out of 3076 companies for Return-on-Tangible-Asset. This places Spirax Group in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.24. Spirax Group's value of 12.76% is 293.8% above this benchmark. Historically, Spirax Group's own Return-on-Tangible-Asset has ranged from 10.35 to 23.59 over the past decade. While the company's 10-year median is 16.07 vs. the industry median of 3.24, Spirax Group 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.24, based on 3,076 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. Spirax Group's current Return-on-Tangible-Asset of 12.76% is 293.8% 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 Spirax Group 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. Spirax Group's current Return-on-Tangible-Asset is 12.76%, which is 21% below median its own 10-year median of 16.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spirax Group stock overvalued right now?
Based on GuruFocus' analysis, Spirax Group (SPXSF) is currently considered Modestly Undervalued. The stock's GF Value™ is $111.53, compared to a current price of $89.08 — trading 20.1% below its estimated fair value. The current Return-on-Tangible-Asset is 12.76%, which is 21% below median its 10-year median of 16.07 and 293.8% above the Industrial Products industry median of 3.24. Spirax Group's overall GF Score™ is 88/100 with 4 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 Spirax Group (SPXSF), the current Return-on-Tangible-Asset is 12.76% 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 Spirax Group (SPXSF) Overvalued in 2026?
Based on GuruFocus' analysis, Spirax Group stock appears to be undervalued.
The current stock price of $89.08 is trading 20.1% below its estimated GF Value™ of $111.53.
GuruFocus considers Spirax Group to be Modestly Undervalued.
Key valuation signals for SPXSF:
Return-on-Tangible-Asset: 12.76% (21% below median its 10-year median of 16.07)
GF Value™: $111.53 vs. price of $89.08 (20.1% below fair value)
Industry Position: 293.8% above the Industrial Products median (#409 of 3076)
No single metric tells the full story. See the SPXSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spirax is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions, and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.
88GF Score
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