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ZEAL Network SESTU:TIM -2.23%87 Return-on-Tangible-Asset is 17.86% as of Mar. 2026, which is 67% above its 10-year median of 10.69. GuruFocus rates STU:TIM with a GF Score™ of 87/100 and a GF Value™ of €69.80 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 854 Travel & Leisure companies, ZEAL Network SE ranks better than 95.9% 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. ZEAL Network SE's annualizedNet Income for the quarter that ended in Mar. 2026 was €33.2 Mil. ZEAL Network SE's average total tangible assets for the quarter that ended in Mar. 2026 was €186.0 Mil. Therefore, ZEAL Network SE's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 17.86%.
The historical rank and industry rank for ZEAL Network SE's Return-on-Tangible-Asset or its related term are showing as below:
STU:TIM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.77 Med: 10.69 Max: 38.8
Current: 23.48
During the past 13 years, ZEAL Network SE's highest Return-on-Tangible-Asset was 38.80%. The lowest was 0.77%. And the median was 10.69%.
STU:TIM's Return-on-Tangible-Asset is ranked better than 95.9% of 854
companies
in the Travel & Leisure industry
Industry Median: 2.74
vs STU:TIM: 23.48
ZEAL Network SE (STU:TIM) 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.
ZEAL Network SE Return-on-Tangible-Asset Related Terms
ZEAL Network SE Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ZEAL Network SE'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:TIM vs FLUT, DKNG, SGHC: Return-on-Tangible-Asset Comparison
For the Gambling subindustry, ZEAL Network SE'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.
ZEAL Network SE Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, ZEAL Network SE's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ZEAL Network SE'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 17.86% mean?
ZEAL Network SE (STU:TIM) has a Return-on-Tangible-Asset of 17.86% 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 ZEAL Network SE and its competitors. This is 67% above median its historical median of 10.69. Over the past decade, ZEAL Network SE's Return-on-Tangible-Asset has ranged from 0.77 to 38.80. According to the industry distribution chart, ZEAL Network SE ranks #35 out of 854 companies in the Travel & Leisure industry, placing it in the top 4.1%.
Is ZEAL Network SE's Return-on-Tangible-Asset too high?
ZEAL Network SE's current Return-on-Tangible-Asset of 17.86% is 67% above median its 10-year median of 10.69. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 38.80. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.74. ZEAL Network SE's value of 17.86% is 551.8% above this industry median. Based on the distribution chart, ZEAL Network SE ranks #35 out of 854 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, ZEAL Network SE has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZEAL Network SE's Return-on-Tangible-Asset compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, ZEAL Network SE ranks #35 out of 854 companies for Return-on-Tangible-Asset. This places ZEAL Network SE in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.74. ZEAL Network SE's value of 17.86% is 551.8% above this benchmark. Historically, ZEAL Network SE's own Return-on-Tangible-Asset has ranged from 0.77 to 38.80 over the past decade. While the company's 10-year median is 10.69 vs. the industry median of 2.74, ZEAL Network SE 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.74, based on 854 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. ZEAL Network SE's current Return-on-Tangible-Asset of 17.86% is 551.8% 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 ZEAL Network SE and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZEAL Network SE's current Return-on-Tangible-Asset is 17.86%, which is 67% above median its own 10-year median of 10.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZEAL Network SE stock overvalued right now?
Based on GuruFocus' analysis, ZEAL Network SE (STU:TIM) is currently considered Significantly Undervalued. The stock's GF Value™ is €69.80, compared to a current price of €43.80 — trading 37.2% below its estimated fair value. The current Return-on-Tangible-Asset is 17.86%, which is 67% above median its 10-year median of 10.69 and 551.8% above the Travel & Leisure industry median of 2.74. ZEAL Network SE's overall GF Score™ is 87/100 with 2 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 ZEAL Network SE (STU:TIM), the current Return-on-Tangible-Asset is 17.86% 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 ZEAL Network SE (STU:TIM) Overvalued in 2026?
Based on GuruFocus' analysis, ZEAL Network SE stock appears to be undervalued.
The current stock price of €43.80 is trading 37.2% below its estimated GF Value™ of €69.80.
GuruFocus considers ZEAL Network SE to be Significantly Undervalued.
Key valuation signals for STU:TIM:
Return-on-Tangible-Asset: 17.86% (67% above median its 10-year median of 10.69)
GF Value™: €69.80 vs. price of €43.80 (37.2% below fair value)
Industry Position: 551.8% above the Travel & Leisure median (#35 of 854)
No single metric tells the full story. See the STU:TIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZEAL Network SE is an e-commerce group of companies company specializing in the area of online lottery. The company offers consumer-facing lottery-based games as well as business-to-business solutions. The operating business segments are Germany and Other. The ZEAL group now has more than one million active customers. ZEAL allows the participation in state-licensed lotteries via the LOTTO24 and Tipp24 brands and also offers its own lottery products. ZEAL operates under its owns brands namely ZEAL Instant Games, ZEAL Ventures and ZEAL Iberia.
87GF Score
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