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.
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.
AstraZenecaSTU:ZEGA +1.30%88 Return-on-Tangible-Asset is 17.80% as of Jun. 2026, which is 62% above its 10-year median of 10.99. GuruFocus rates STU:ZEGA with a GF Score™ of 88/100 and a GF Value™ of €82.55. The stock has 1 warning sign investors should review. Among 1,009 Drug Manufacturers companies, AstraZeneca ranks better than 93.56% 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. AstraZeneca's annualizedNet Income for the quarter that ended in Jun. 2026 was €8,704 Mil. AstraZeneca's average total tangible assets for the quarter that ended in Jun. 2026 was €48,890 Mil. Therefore, AstraZeneca's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 17.80%.
The historical rank and industry rank for AstraZeneca's Return-on-Tangible-Asset or its related term are showing as below:
STU:ZEGA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.29 Med: 10.99 Max: 19.75
Current: 18.96
During the past 13 years, AstraZeneca's highest Return-on-Tangible-Asset was 19.75%. The lowest was 0.29%. And the median was 10.99%.
STU:ZEGA's Return-on-Tangible-Asset is ranked better than 93.56% of 1009
companies
in the Drug Manufacturers industry
Industry Median: 3.13
vs STU:ZEGA: 18.96
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.
AstraZeneca Return-on-Tangible-Asset Related Terms
AstraZeneca Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for AstraZeneca'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:ZEGA vs LLY, JNJ, ABBV: Return-on-Tangible-Asset Comparison
For the Drug Manufacturers - General subindustry, AstraZeneca'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.
AstraZeneca Return-on-Tangible-Asset vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, AstraZeneca's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where AstraZeneca'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 17.80% mean?
AstraZeneca (STU:ZEGA) has a Return-on-Tangible-Asset of 17.80% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on AstraZeneca and its competitors. This is 62% above median its historical median of 10.99. Over the past decade, AstraZeneca's Return-on-Tangible-Asset has ranged from 0.29 to 19.75. According to the industry distribution chart, AstraZeneca ranks #65 out of 1009 companies in the Drug Manufacturers industry, placing it in the top 6.4%.
Is AstraZeneca's Return-on-Tangible-Asset too high?
AstraZeneca's current Return-on-Tangible-Asset of 17.80% is 62% above median its 10-year median of 10.99. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 19.75. The Drug Manufacturers industry median Return-on-Tangible-Asset is 3.13. AstraZeneca's value of 17.80% is 468.7% above this industry median. Based on the distribution chart, AstraZeneca ranks #65 out of 1009 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, AstraZeneca has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does AstraZeneca's Return-on-Tangible-Asset compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, AstraZeneca ranks #65 out of 1009 companies for Return-on-Tangible-Asset. This places AstraZeneca in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.13. AstraZeneca's value of 17.80% is 468.7% above this benchmark. Historically, AstraZeneca's own Return-on-Tangible-Asset has ranged from 0.29 to 19.75 over the past decade. While the company's 10-year median is 10.99 vs. the industry median of 3.13, AstraZeneca 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 Drug Manufacturers company?
The median Return-on-Tangible-Asset among Drug Manufacturers companies is 3.13, based on 1,009 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. AstraZeneca's current Return-on-Tangible-Asset of 17.80% is 468.7% 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 AstraZeneca and its competitors. For the Drug Manufacturers industry, the median Return-on-Tangible-Asset is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AstraZeneca's current Return-on-Tangible-Asset is 17.80%, which is 62% above median its own 10-year median of 10.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AstraZeneca stock overvalued right now?
AstraZeneca (STU:ZEGA) has a current Return-on-Tangible-Asset of 17.80%. The stock's GF Value™ is €82.55, compared to a current price of €78.00 — trading 5.5% below its estimated fair value. The current Return-on-Tangible-Asset is 17.80%, which is 62% above median its 10-year median of 10.99 and 468.7% above the Drug Manufacturers industry median of 3.13. AstraZeneca's overall GF Score™ is 88/100 with 1 warning sign 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 AstraZeneca (STU:ZEGA), the current Return-on-Tangible-Asset is 17.80% as of Jun. 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 AstraZeneca (STU:ZEGA) Overvalued in 2026?
Based on GuruFocus' analysis, AstraZeneca stock appears to be undervalued.
The current stock price of €78.00 is trading 5.5% below its estimated GF Value™ of €82.55.
Key valuation signals for STU:ZEGA:
Return-on-Tangible-Asset: 17.80% (62% above median its 10-year median of 10.99)
GF Value™: €82.55 vs. price of €78.00 (5.5% below fair value)
Industry Position: 468.7% above the Drug Manufacturers median (#65 of 1009)
No single metric tells the full story. See the STU:ZEGA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A merger between Astra of Sweden and Zeneca of the United Kingdom formed AstraZeneca in 1999. The firm sells branded drugs across a number of major therapeutic areas, including oncology (over 40% of total revenue), cardiovascular, renal, and metabolic (over 20%), rare disease (16%), and respiratory and immunology (15%). The majority of sales comes from international markets, with the United States representing close to one-third of its sales.
88GF Score
Get the complete analysis for STU:ZEGA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:ZEGA has been successfully added to your 
