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Value-Holdings AGSTU:VHO 76 Return-on-Tangible-Asset is 7.57% as of Dec. 2025, which is 34% above its 10-year median of 5.66. GuruFocus rates STU:VHO with a GF Score™ of 76/100 and a GF Value™ of €11.17 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 819 Capital Markets companies, Value-Holdings AG ranks better than 80.34% 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. Value-Holdings AG's annualizedNet Income for the quarter that ended in Dec. 2025 was €1.21 Mil. Value-Holdings AG's average total tangible assets for the quarter that ended in Dec. 2025 was €16.02 Mil. Therefore, Value-Holdings AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 7.57%.
The historical rank and industry rank for Value-Holdings AG's Return-on-Tangible-Asset or its related term are showing as below:
STU:VHO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.79 Med: 5.66 Max: 23.53
Current: 7.57
During the past 13 years, Value-Holdings AG's highest Return-on-Tangible-Asset was 23.53%. The lowest was 1.79%. And the median was 5.66%.
STU:VHO's Return-on-Tangible-Asset is ranked better than 80.34% of 819
companies
in the Capital Markets industry
Industry Median: 1.54
vs STU:VHO: 7.57
Value-Holdings AG (STU:VHO) 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.
Value-Holdings AG Return-on-Tangible-Asset Related Terms
Value-Holdings AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Value-Holdings AG'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:VHO vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Value-Holdings AG'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.
Value-Holdings AG Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Value-Holdings AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Value-Holdings AG'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 one times the annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 7.57% mean?
Value-Holdings AG (STU:VHO) has a Return-on-Tangible-Asset of 7.57% 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 Value-Holdings AG and its competitors. This is 34% above median its historical median of 5.66. Over the past decade, Value-Holdings AG's Return-on-Tangible-Asset has ranged from 1.79 to 23.53. According to the industry distribution chart, Value-Holdings AG ranks #161 out of 819 companies in the Capital Markets industry, placing it in the top 19.7%.
Is Value-Holdings AG's Return-on-Tangible-Asset too high?
Value-Holdings AG's current Return-on-Tangible-Asset of 7.57% is 34% above median its 10-year median of 5.66. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 23.53. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. Value-Holdings AG's value of 7.57% is 391.6% above this industry median. Based on the distribution chart, Value-Holdings AG ranks #161 out of 819 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Value-Holdings AG has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Value-Holdings AG's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Value-Holdings AG ranks #161 out of 819 companies for Return-on-Tangible-Asset. This places Value-Holdings AG in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.54. Value-Holdings AG's value of 7.57% is 391.6% above this benchmark. Historically, Value-Holdings AG's own Return-on-Tangible-Asset has ranged from 1.79 to 23.53 over the past decade. While the company's 10-year median is 5.66 vs. the industry median of 1.54, Value-Holdings AG 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 819 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. Value-Holdings AG's current Return-on-Tangible-Asset of 7.57% is 391.6% 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 Value-Holdings AG and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Value-Holdings AG's current Return-on-Tangible-Asset is 7.57%, which is 34% above median its own 10-year median of 5.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value-Holdings AG stock overvalued right now?
Based on GuruFocus' analysis, Value-Holdings AG (STU:VHO) is currently considered Significantly Undervalued. The stock's GF Value™ is €11.17, compared to a current price of €7.15 — trading 36% below its estimated fair value. The current Return-on-Tangible-Asset is 7.57%, which is 34% above median its 10-year median of 5.66 and 391.6% above the Capital Markets industry median of 1.54. Value-Holdings AG's overall GF Score™ is 76/100 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 Value-Holdings AG (STU:VHO), the current Return-on-Tangible-Asset is 7.57% 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 Value-Holdings AG (STU:VHO) Overvalued in 2026?
Based on GuruFocus' analysis, Value-Holdings AG stock appears to be undervalued.
The current stock price of €7.15 is trading 36% below its estimated GF Value™ of €11.17.
GuruFocus considers Value-Holdings AG to be Significantly Undervalued.
Key valuation signals for STU:VHO:
Return-on-Tangible-Asset: 7.57% (34% above median its 10-year median of 5.66)
GF Value™: €11.17 vs. price of €7.15 (36% below fair value)
Industry Position: 391.6% above the Capital Markets median (#161 of 819)
No single metric tells the full story. See the STU:VHO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Value-Holdings AG is a German investment company that acquires shareholdings in listed medium-sized companies. It invests in its own portfolio, as well as managing third-party investment funds. The company along with its subsidiaries also advises institutional investors on investing as per the value-investing strategies. It manages two funds namely Value Holdings Germany Fund and Value Holdings Europe Fund.
76GF Score
Get the complete analysis for STU:VHO
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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