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Imperial BrandsSTU:ITBA +0.60%65 Return-on-Tangible-Asset is 7.72% as of Mar. 2026, which is 37% below its 10-year median of 12.20. GuruFocus rates STU:ITBA with a GF Score™ of 65/100 and a GF Value™ of €18.34 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 49 Tobacco Products companies, Imperial Brands ranks better than 61.22% 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. Imperial Brands's annualizedNet Income for the quarter that ended in Mar. 2026 was €1,096 Mil. Imperial Brands's average total tangible assets for the quarter that ended in Mar. 2026 was €14,186 Mil. Therefore, Imperial Brands's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.72%.
The historical rank and industry rank for Imperial Brands's Return-on-Tangible-Asset or its related term are showing as below:
STU:ITBA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.38 Med: 12.2 Max: 21.39
Current: 14.31
During the past 13 years, Imperial Brands's highest Return-on-Tangible-Asset was 21.39%. The lowest was 5.38%. And the median was 12.20%.
STU:ITBA's Return-on-Tangible-Asset is ranked better than 61.22% of 49
companies
in the Tobacco Products industry
Industry Median: 10.52
vs STU:ITBA: 14.31
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.
Imperial Brands Return-on-Tangible-Asset Related Terms
Imperial Brands Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Imperial Brands'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:ITBA vs PM, MO, TPB: Return-on-Tangible-Asset Comparison
For the Tobacco subindustry, Imperial Brands'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.
Imperial Brands Return-on-Tangible-Asset vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Imperial Brands's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Imperial Brands'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.72% mean?
Imperial Brands (STU:ITBA) has a Return-on-Tangible-Asset of 7.72% 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 Imperial Brands and its competitors. This is 37% below median its historical median of 12.20. Over the past decade, Imperial Brands' Return-on-Tangible-Asset has ranged from 5.38 to 21.39. According to the industry distribution chart, Imperial Brands ranks #19 out of 49 companies in the Tobacco Products industry, placing it in the top 38.8%.
Is Imperial Brands' Return-on-Tangible-Asset too high?
Imperial Brands' current Return-on-Tangible-Asset of 7.72% is 37% below median its 10-year median of 12.20. Over the past 10 years, this metric has ranged from a low of 5.38 to a high of 21.39. The Tobacco Products industry median Return-on-Tangible-Asset is 10.52. Imperial Brands' value of 7.72% is 26.6% below this industry median. Based on the distribution chart, Imperial Brands ranks #19 out of 49 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, Imperial Brands has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Imperial Brands' Return-on-Tangible-Asset compare to PM and MO?
According to the Tobacco Products industry distribution chart, Imperial Brands ranks #19 out of 49 companies for Return-on-Tangible-Asset. This puts Imperial Brands in the upper half of its industry. The industry median Return-on-Tangible-Asset is 10.52. Imperial Brands' value of 7.72% is 26.6% below this benchmark. Historically, Imperial Brands' own Return-on-Tangible-Asset has ranged from 5.38 to 21.39 over the past decade. While the company's 10-year median is 12.20 vs. the industry median of 10.52, Imperial Brands has consistently been below 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 Tobacco Products company?
The median Return-on-Tangible-Asset among Tobacco Products companies is 10.52, based on 49 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. Imperial Brands's current Return-on-Tangible-Asset of 7.72% is 26.6% below 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 Imperial Brands and its competitors. For the Tobacco Products industry, the median Return-on-Tangible-Asset is 10.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Imperial Brands's current Return-on-Tangible-Asset is 7.72%, which is 37% below median its own 10-year median of 12.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Brands stock overvalued right now?
Based on GuruFocus' analysis, Imperial Brands (STU:ITBA) is currently considered Significantly Overvalued. The stock's GF Value™ is €18.34, compared to a current price of €33.80 — trading 84.3% above its estimated fair value. The current Return-on-Tangible-Asset is 7.72%, which is 37% below median its 10-year median of 12.20 and 26.6% below the Tobacco Products industry median of 10.52. Imperial Brands' overall GF Score™ is 65/100 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 Imperial Brands (STU:ITBA), the current Return-on-Tangible-Asset is 7.72% 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 Imperial Brands (STU:ITBA) Overvalued in 2026?
Based on GuruFocus' analysis, Imperial Brands stock appears to be overvalued.
The current stock price of €33.80 is trading 84.3% above its estimated GF Value™ of €18.34.
GuruFocus considers Imperial Brands to be Significantly Overvalued.
Key valuation signals for STU:ITBA:
Return-on-Tangible-Asset: 7.72% (37% below median its 10-year median of 12.20)
GF Value™: €18.34 vs. price of €33.80 (84.3% above fair value)
Industry Position: 26.6% below the Tobacco Products median (#19 of 49)
No single metric tells the full story. See the STU:ITBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Imperial Brands is the world's fourth-largest international tobacco company (excluding China National Tobacco), with total fiscal 2025 volume of 187 billion cigarettes sold in more than 120 countries. Its largest and most important markets are the US (where it sits as the third-largest manufacturer, following its acquisition of the Winston and Blu brands), Germany, the UK, Spain, and Australia. The firm also holds a leading global position in the fine-cut tobacco and hand-rolling paper categories. It has a logistics platform in Western Europe, Altadis.
65GF Score
Get the complete analysis for STU:ITBA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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