SSAB AB (publ)SSAAF -6.61%73 Return-on-Tangible-Asset is 6.08% as of Mar. 2026, which is 42% above its 10-year median of 4.28. GuruFocus rates SSAAF with a GF Score™ of 73/100 and a GF Value™ of $6.08 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 633 Steel companies, SSAB AB (publ) ranks better than 75.36% 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. SSAB AB (publ)'s annualizedNet Income for the quarter that ended in Mar. 2026 was $687 Mil. SSAB AB (publ)'s average total tangible assets for the quarter that ended in Mar. 2026 was $11,306 Mil. Therefore, SSAB AB (publ)'s annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.08%.
The historical rank and industry rank for SSAB AB (publ)'s Return-on-Tangible-Asset or its related term are showing as below:
SSAAF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.53 Med: 4.28 Max: 20.91
Current: 5.2
During the past 13 years, SSAB AB (publ)'s highest Return-on-Tangible-Asset was 20.91%. The lowest was -11.53%. And the median was 4.28%.
SSAAF's Return-on-Tangible-Asset is ranked better than 75.36% of 633
companies
in the Steel industry
Industry Median: 2
vs SSAAF: 5.20
SSAB AB (publ) (OTCPK:SSAAF) 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.
SSAB AB (publ) Return-on-Tangible-Asset Related Terms
SSAB AB (publ) Return-on-Tangible-Asset Historical Data
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The historical data trend for SSAB AB (publ)'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.
SSAAF vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, SSAB AB (publ)'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.
SSAB AB (publ) Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, SSAB AB (publ)'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SSAB AB (publ)'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 6.08% mean?
SSAB AB (publ) (SSAAF) has a Return-on-Tangible-Asset of 6.08% 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 SSAB AB (publ) and its competitors. This is 42% above median its historical median of 4.28. According to the industry distribution chart, SSAB AB (publ) ranks #156 out of 633 companies in the Steel industry, placing it in the top 24.6%.
Is SSAB AB (publ)'s Return-on-Tangible-Asset too high?
SSAB AB (publ)'s current Return-on-Tangible-Asset of 6.08% is 42% above median its 10-year median of 4.28. The Steel industry median Return-on-Tangible-Asset is 2.00. SSAB AB (publ)'s value of 6.08% is 204% above this industry median. Based on the distribution chart, SSAB AB (publ) ranks #156 out of 633 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, SSAB AB (publ) has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SSAB AB (publ)'s Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, SSAB AB (publ) ranks #156 out of 633 companies for Return-on-Tangible-Asset. This places SSAB AB (publ) in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.00. SSAB AB (publ)'s value of 6.08% is 204% above this benchmark. While the company's 10-year median is 4.28 vs. the industry median of 2.00, SSAB AB (publ) 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.00, based on 633 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. SSAB AB (publ)'s current Return-on-Tangible-Asset of 6.08% is 204% 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 SSAB AB (publ) and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SSAB AB (publ)'s current Return-on-Tangible-Asset is 6.08%, which is 42% above median its own 10-year median of 4.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SSAB AB (publ) stock overvalued right now?
Based on GuruFocus' analysis, SSAB AB (publ) (SSAAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.08, compared to a current price of $9.33 — trading 53.5% above its estimated fair value. The current Return-on-Tangible-Asset is 6.08%, which is 42% above median its 10-year median of 4.28 and 204% above the Steel industry median of 2.00. SSAB AB (publ)'s overall GF Score™ is 73/100 with 7 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 SSAB AB (publ) (SSAAF), the current Return-on-Tangible-Asset is 6.08% 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 SSAB AB (publ) (SSAAF) Overvalued in 2026?
Based on GuruFocus' analysis, SSAB AB (publ) stock appears to be overvalued.
The current stock price of $9.33 is trading 53.5% above its estimated GF Value™ of $6.08.
GuruFocus considers SSAB AB (publ) to be Significantly Overvalued.
Key valuation signals for SSAAF:
Return-on-Tangible-Asset: 6.08% (42% above median its 10-year median of 4.28)
GF Value™: $6.08 vs. price of $9.33 (53.5% above fair value)
Industry Position: 204% above the Steel median (#156 of 633)
No single metric tells the full story. See the SSAAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SSAB AB (publ) is a Swedish steel producer specializing in high-strength and specialty steels for applications across industries like automotive, construction, heavy transport, mining, and energy. The company manufactures quenched and tempered steels, high-strength steels, heavy plates, strip products, and tubular goods through divisions including SSAB Special Steels, SSAB Europe, and SSAB Americas, Tibnor and Ruukki Construction with production sites mainly in Sweden, Finland, and the United States, Europe and rest of the world.
73GF Score
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