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Carpenter TechnologySTU:XTY -0.59%69 Return-on-Tangible-Asset is 16.73% as of Mar. 2026, which is 749% above its 10-year median of 1.97. GuruFocus rates STU:XTY with a GF Score™ of 69/100 and a GF Value™ of €164.31 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 3,074 Industrial Products companies, Carpenter Technology ranks better than 93.82% 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. Carpenter Technology's annualizedNet Income for the quarter that ended in Mar. 2026 was €483 Mil. Carpenter Technology's average total tangible assets for the quarter that ended in Mar. 2026 was €2,887 Mil. Therefore, Carpenter Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 16.73%.
The historical rank and industry rank for Carpenter Technology's Return-on-Tangible-Asset or its related term are showing as below:
STU:XTY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.24 Med: 1.97 Max: 14.74
Current: 14.74
During the past 13 years, Carpenter Technology's highest Return-on-Tangible-Asset was 14.74%. The lowest was -8.24%. And the median was 1.97%.
STU:XTY's Return-on-Tangible-Asset is ranked better than 93.82% of 3074
companies
in the Industrial Products industry
Industry Median: 3.24
vs STU:XTY: 14.74
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.
Carpenter Technology Return-on-Tangible-Asset Related Terms
Carpenter Technology Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Carpenter Technology'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:XTY vs ATI, MLI, CMC: Return-on-Tangible-Asset Comparison
For the Metal Fabrication subindustry, Carpenter Technology'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.
Carpenter Technology Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Carpenter Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Carpenter Technology'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 16.73% mean?
Carpenter Technology (STU:XTY) has a Return-on-Tangible-Asset of 16.73% 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 Carpenter Technology and its competitors. This is 749% above median its historical median of 1.97. According to the industry distribution chart, Carpenter Technology ranks #190 out of 3074 companies in the Industrial Products industry, placing it in the top 6.2%.
Is Carpenter Technology's Return-on-Tangible-Asset too high?
Carpenter Technology's current Return-on-Tangible-Asset of 16.73% is 749% above median its 10-year median of 1.97. The Industrial Products industry median Return-on-Tangible-Asset is 3.24. Carpenter Technology's value of 16.73% is 416.4% above this industry median. Based on the distribution chart, Carpenter Technology ranks #190 out of 3074 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Carpenter Technology has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carpenter Technology's Return-on-Tangible-Asset compare to ATI and MLI?
According to the Industrial Products industry distribution chart, Carpenter Technology ranks #190 out of 3074 companies for Return-on-Tangible-Asset. This places Carpenter Technology in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.24. Carpenter Technology's value of 16.73% is 416.4% above this benchmark. While the company's 10-year median is 1.97 vs. the industry median of 3.24, Carpenter Technology 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.24, based on 3,074 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. Carpenter Technology's current Return-on-Tangible-Asset of 16.73% is 416.4% 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 Carpenter Technology and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carpenter Technology's current Return-on-Tangible-Asset is 16.73%, which is 749% above median its own 10-year median of 1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carpenter Technology stock overvalued right now?
Based on GuruFocus' analysis, Carpenter Technology (STU:XTY) is currently considered Significantly Overvalued. The stock's GF Value™ is €164.31, compared to a current price of €501.40 — trading 205.2% above its estimated fair value. The current Return-on-Tangible-Asset is 16.73%, which is 749% above median its 10-year median of 1.97 and 416.4% above the Industrial Products industry median of 3.24. Carpenter Technology's overall GF Score™ is 69/100 with 7 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 Carpenter Technology (STU:XTY), the current Return-on-Tangible-Asset is 16.73% 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 Carpenter Technology (STU:XTY) Overvalued in 2026?
Based on GuruFocus' analysis, Carpenter Technology stock appears to be overvalued.
The current stock price of €501.40 is trading 205.2% above its estimated GF Value™ of €164.31.
GuruFocus considers Carpenter Technology to be Significantly Overvalued.
Key valuation signals for STU:XTY:
Return-on-Tangible-Asset: 16.73% (749% above median its 10-year median of 1.97)
GF Value™: €164.31 vs. price of €501.40 (205.2% above fair value)
Industry Position: 416.4% above the Industrial Products median (#190 of 3074)
No single metric tells the full story. See the STU:XTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's reportable segments include; Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's alloy and stainless steel manufacturing operations. This includes operations performed at mills predominantly in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama. Geographically, the company derives its maximum revenue from the United States and the rest from Europe, Asia Pacific, Mexico, Canada, and other regions.
69GF Score
Get the complete analysis for STU:XTY
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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