Theon International (STU:W8C) Return-on-Tangible-Asset: 18.83% (As of Dec. 2025) — 12% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:W8C Theon International PLC STU:W8C
47 GF Score
Price €34.72
! 4 Warning Signs
View Full Analysis

What is Theon International Return-on-Tangible-Asset?

Theon International STU:W8C +2.30% 47 Return-on-Tangible-Asset is 18.83% as of Dec. 2025, which is 12% below its 10-year median of 21.51. GuruFocus rates STU:W8C with a GF Score™ of 47/100. The stock has 4 warning signs investors should review. Among 361 Aerospace & Defense companies, Theon International ranks better than 94.74% 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. Theon International's annualized Net Income for the quarter that ended in Dec. 2025 was €93.3 Mil. Theon International's average total tangible assets for the quarter that ended in Dec. 2025 was €495.6 Mil. Therefore, Theon International's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 18.83%.

The historical rank and industry rank for Theon International's Return-on-Tangible-Asset or its related term are showing as below:

STU:W8C' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 16.31   Med: 21.51   Max: 32.39
Current: 17.73

During the past 6 years, Theon International's highest Return-on-Tangible-Asset was 32.39%. The lowest was 16.31%. And the median was 21.51%.

STU:W8C's Return-on-Tangible-Asset is ranked better than
94.74% of 361 companies
in the Aerospace & Defense industry
Industry Median: 3.05 vs STU:W8C: 17.73

Theon International  (STU:W8C) 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 company’s 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 company’s 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.


Theon International Return-on-Tangible-Asset Related Terms


Theon International Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Theon International'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.

Theon International Return-on-Tangible-Asset Chart

Theon International Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial 32.39 26.23 19.74 23.27 16.72

Theon International Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 30.14 21.38 22.60 17.57 18.83

STU:W8C vs SPCX, GE, RTX: Return-on-Tangible-Asset Comparison

For the Aerospace & Defense subindustry, Theon International'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.


Theon International Return-on-Tangible-Asset vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Theon International's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Theon International's Return-on-Tangible-Asset falls into.


STU:W8C
47GF Score
Theon International PLC STU:W8C
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Theon International Return-on-Tangible-Asset Calculation

Theon International's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=80.456/( (370.319+592.006)/ 2 )
=80.456/481.1625
=16.72 %

Theon International's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=93.306/( (399.248+592.006)/ 2 )
=93.306/495.627
=18.83 %

* 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 (Dec. 2025) net income data.

What does a Return-on-Tangible-Asset of 18.83% mean?
Theon International (STU:W8C) has a Return-on-Tangible-Asset of 18.83% 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 Theon International and its competitors. This is 12% below median its historical median of 21.51. Over the past decade, Theon International's Return-on-Tangible-Asset has ranged from 16.31 to 32.39. According to the industry distribution chart, Theon International ranks #19 out of 361 companies in the Aerospace & Defense industry, placing it in the top 5.3%.
Is Theon International's Return-on-Tangible-Asset too high?
Theon International's current Return-on-Tangible-Asset of 18.83% is 12% below median its 10-year median of 21.51. Over the past 10 years, this metric has ranged from a low of 16.31 to a high of 32.39. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.05. Theon International's value of 18.83% is 517.4% above this industry median. Based on the distribution chart, Theon International ranks #19 out of 361 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Theon International has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Theon International's Return-on-Tangible-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Theon International ranks #19 out of 361 companies for Return-on-Tangible-Asset. This places Theon International in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.05. Theon International's value of 18.83% is 517.4% above this benchmark. Historically, Theon International's own Return-on-Tangible-Asset has ranged from 16.31 to 32.39 over the past decade. While the company's 10-year median is 21.51 vs. the industry median of 3.05, Theon International 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 an Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.05, based on 361 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. Theon International's current Return-on-Tangible-Asset of 18.83% is 517.4% 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 Theon International and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Theon International's current Return-on-Tangible-Asset is 18.83%, which is 12% below median its own 10-year median of 21.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Theon International stock overvalued right now?
Theon International (STU:W8C) has a current Return-on-Tangible-Asset of 18.83%. The current Return-on-Tangible-Asset is 18.83%, which is 12% below median its 10-year median of 21.51 and 517.4% above the Aerospace & Defense industry median of 3.05. Theon International's overall GF Score™ is 47/100 with 4 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 Theon International (STU:W8C), the current Return-on-Tangible-Asset is 18.83% 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.

Theon International Business Description

Other Exchanges THEON:NetherlandsTHEONa:UK
Address 5 Agios Antonios Street, 1st floor, Office 102, Nicosia, CYP, 2002
Theon International PLC is a defense and security technology company specializing in electro-optical systems and integrated solutions for military and security applications. It develops and manufactures night vision and thermal imaging systems used by defense and security organizations. The company operates internationally through subsidiaries and production facilities across multiple regions. Its products are used by armed forces and security agencies in various countries. In addition to electro-optical systems, it develops integrated soldier systems, ISR optronics, and platform solutions for land and maritime environments.
47GF Score

Get the complete analysis for STU:W8C

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€34.72
Price