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Progress Technologies GroupTSE:339A +2.68%19 Return-on-Tangible-Asset is 12.55% as of May. 2026, which is 30% below its 10-year median of 18.04. GuruFocus rates TSE:339A with a GF Score™ of 19/100. The stock has 1 warning sign investors should review. Among 2,894 Software companies, Progress Technologies Group ranks better than 90.19% on this metric.
Progress Technologies Group (TSE:339A) 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.
Progress Technologies Group Return-on-Tangible-Asset Related Terms
Progress Technologies Group Return-on-Tangible-Asset Historical Data
* 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.
Progress Technologies Group Return-on-Tangible-Asset Chart
TSE:339A vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, Progress Technologies Group'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.
Progress Technologies Group Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Progress Technologies Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Progress Technologies Group'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 (May. 2026) net income data.
What does a Return-on-Tangible-Asset of 12.55% mean?
Progress Technologies Group (TSE:339A) has a Return-on-Tangible-Asset of 12.55% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Progress Technologies Group and its competitors. This is 30% below median its historical median of 18.04. Over the past decade, Progress Technologies Group's Return-on-Tangible-Asset has ranged from 9.88 to 27.01. According to the industry distribution chart, Progress Technologies Group ranks #284 out of 2894 companies in the Software industry, placing it in the top 9.8%.
Is Progress Technologies Group's Return-on-Tangible-Asset too high?
Progress Technologies Group's current Return-on-Tangible-Asset of 12.55% is 30% below median its 10-year median of 18.04. Over the past 10 years, this metric has ranged from a low of 9.88 to a high of 27.01. The Software industry median Return-on-Tangible-Asset is 2.13. Progress Technologies Group's value of 12.55% is 489.2% above this industry median. Based on the distribution chart, Progress Technologies Group ranks #284 out of 2894 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Progress Technologies Group has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Progress Technologies Group's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, Progress Technologies Group ranks #284 out of 2894 companies for Return-on-Tangible-Asset. This places Progress Technologies Group in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.13. Progress Technologies Group's value of 12.55% is 489.2% above this benchmark. Historically, Progress Technologies Group's own Return-on-Tangible-Asset has ranged from 9.88 to 27.01 over the past decade. While the company's 10-year median is 18.04 vs. the industry median of 2.13, Progress Technologies Group 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.13, based on 2,894 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. Progress Technologies Group's current Return-on-Tangible-Asset of 12.55% is 489.2% 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 Progress Technologies Group and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progress Technologies Group's current Return-on-Tangible-Asset is 12.55%, which is 30% below median its own 10-year median of 18.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progress Technologies Group stock overvalued right now?
Progress Technologies Group (TSE:339A) has a current Return-on-Tangible-Asset of 12.55%. The current Return-on-Tangible-Asset is 12.55%, which is 30% below median its 10-year median of 18.04 and 489.2% above the Software industry median of 2.13. Progress Technologies Group's overall GF Score™ is 19/100 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 Progress Technologies Group (TSE:339A), the current Return-on-Tangible-Asset is 12.55% as of May. 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.
Progress Technologies Group Inc Providing cutting-edge technology at a one-stop service for the design and R&D departments of major manufacturing companies, and offering solutions that lead to successful digital transformation for companies.
19GF Score
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