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HNISTU:HO9 +0.48%83 Return-on-Tangible-Asset is 6.85% as of Jun. 2026, which is 33% below its 10-year median of 10.26. GuruFocus rates STU:HO9 with a GF Score™ of 83/100 and a GF Value™ of €51.30 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 434 Furnishings, Fixtures & Appliances companies, HNI ranks worse than 66.59% 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. HNI's annualizedNet Income for the quarter that ended in Jun. 2026 was €177 Mil. HNI's average total tangible assets for the quarter that ended in Jun. 2026 was €2,590 Mil. Therefore, HNI's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 6.85%.
The historical rank and industry rank for HNI's Return-on-Tangible-Asset or its related term are showing as below:
STU:HO9'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.18 Med: 10.26 Max: 12.38
Current: 0.18
During the past 13 years, HNI's highest Return-on-Tangible-Asset was 12.38%. The lowest was 0.18%. And the median was 10.26%.
STU:HO9's Return-on-Tangible-Asset is ranked worse than 66.59% of 434
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.365
vs STU:HO9: 0.18
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.
HNI Return-on-Tangible-Asset Related Terms
HNI Return-on-Tangible-Asset Historical Data
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The historical data trend for HNI'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.
STU:HO9 vs WHR, TILE, LZB: Return-on-Tangible-Asset Comparison
For the Furnishings, Fixtures & Appliances subindustry, HNI'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.
HNI Return-on-Tangible-Asset vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, HNI's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where HNI'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 6.85% mean?
HNI (STU:HO9) has a Return-on-Tangible-Asset of 6.85% 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 HNI and its competitors. This is 33% below median its historical median of 10.26. Over the past decade, HNI's Return-on-Tangible-Asset has ranged from 0.18 to 12.38. According to the industry distribution chart, HNI ranks #289 out of 434 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 66.6%.
Is HNI's Return-on-Tangible-Asset too high?
HNI's current Return-on-Tangible-Asset of 6.85% is 33% below median its 10-year median of 10.26. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 12.38. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Asset is 2.37. HNI's value of 6.85% is 189.6% above this industry median. Based on the distribution chart, HNI ranks #289 out of 434 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, HNI has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HNI's Return-on-Tangible-Asset compare to WHR and TILE?
According to the Furnishings, Fixtures & Appliances industry distribution chart, HNI ranks #289 out of 434 companies for Return-on-Tangible-Asset. This places HNI in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.37. HNI's value of 6.85% is 189.6% above this benchmark. Historically, HNI's own Return-on-Tangible-Asset has ranged from 0.18 to 12.38 over the past decade. While the company's 10-year median is 10.26 vs. the industry median of 2.37, HNI 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 Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Asset among Furnishings, Fixtures & Appliances companies is 2.37, based on 434 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. HNI's current Return-on-Tangible-Asset of 6.85% is 189.6% 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 HNI and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Asset is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HNI's current Return-on-Tangible-Asset is 6.85%, which is 33% below median its own 10-year median of 10.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HNI stock overvalued right now?
Based on GuruFocus' analysis, HNI (STU:HO9) is currently considered Modestly Undervalued. The stock's GF Value™ is €51.30, compared to a current price of €41.80 — trading 18.5% below its estimated fair value. The current Return-on-Tangible-Asset is 6.85%, which is 33% below median its 10-year median of 10.26 and 189.6% above the Furnishings, Fixtures & Appliances industry median of 2.37. HNI's overall GF Score™ is 83/100 with 10 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 HNI (STU:HO9), the current Return-on-Tangible-Asset is 6.85% 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 HNI (STU:HO9) Overvalued in 2026?
Based on GuruFocus' analysis, HNI stock appears to be undervalued.
The current stock price of €41.80 is trading 18.5% below its estimated GF Value™ of €51.30.
GuruFocus considers HNI to be Modestly Undervalued.
Key valuation signals for STU:HO9:
Return-on-Tangible-Asset: 6.85% (33% below median its 10-year median of 10.26)
GF Value™: €51.30 vs. price of €41.80 (18.5% below fair value)
Industry Position: 189.6% above the Furnishings, Fixtures & Appliances median (#289 of 434)
No single metric tells the full story. See the STU:HO9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HNI Corp is a provider of commercial furnishings and hearth products. Its two reportable segments are workplace furnishings and residential building products. The workplace furnishings segment includes furniture systems, seating, storage, tables, architectural products, ancillary products, and hospitality products. The residential building products segment includes various gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, outdoor fire pits and fire tables, and accessories. The company's products are sold through independent dealers, distributors, eCommerce retailers, wholesalers, and retail outlets. A majority of the firm's revenue is generated from the Workplace furnishings segment. Geographically, it operates in the United States.
83GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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