Cleanaway Waste ManagementTSPCF -2.71%85 Return-on-Tangible-Asset is 2.11% as of Dec. 2025, which is 59% below its 10-year median of 5.14. GuruFocus rates TSPCF with a GF Scoreâ„¢ of 85/100 and a GF Valueâ„¢ of $2.20 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 247 Waste Management companies, Cleanaway Waste Management ranks better than 58.3% 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. Cleanaway Waste Management's annualizedNet Income for the quarter that ended in Dec. 2025 was $50 Mil. Cleanaway Waste Management's average total tangible assets for the quarter that ended in Dec. 2025 was $2,355 Mil. Therefore, Cleanaway Waste Management's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.11%.
The historical rank and industry rank for Cleanaway Waste Management's Return-on-Tangible-Asset or its related term are showing as below:
TSPCF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.75 Med: 5.14 Max: 6.83
Current: 3.46
During the past 13 years, Cleanaway Waste Management's highest Return-on-Tangible-Asset was 6.83%. The lowest was 0.75%. And the median was 5.14%.
TSPCF's Return-on-Tangible-Asset is ranked better than 58.3% of 247
companies
in the Waste Management industry
Industry Median: 1.9
vs TSPCF: 3.46
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 companyÂ’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 companyÂ’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.
Cleanaway Waste Management Return-on-Tangible-Asset Related Terms
Cleanaway Waste Management 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.
TSPCF vs WM, RSG, WCN: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, Cleanaway Waste Management'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.
Cleanaway Waste Management Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, Cleanaway Waste Management's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Cleanaway Waste Management'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 2.11% mean?
Cleanaway Waste Management (TSPCF) has a Return-on-Tangible-Asset of 2.11% 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 Cleanaway Waste Management and its competitors. This is 59% below median its historical median of 5.14. Over the past decade, Cleanaway Waste Management's Return-on-Tangible-Asset has ranged from 0.75 to 6.83. According to the industry distribution chart, Cleanaway Waste Management ranks #103 out of 247 companies in the Waste Management industry, placing it in the top 41.7%.
Is Cleanaway Waste Management's Return-on-Tangible-Asset too high?
Cleanaway Waste Management's current Return-on-Tangible-Asset of 2.11% is 59% below median its 10-year median of 5.14. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 6.83. The Waste Management industry median Return-on-Tangible-Asset is 1.90. Cleanaway Waste Management's value of 2.11% is 11.1% above this industry median. Based on the distribution chart, Cleanaway Waste Management ranks #103 out of 247 companies in the Waste Management industry, which is above the industry midpoint. Overall, Cleanaway Waste Management has a GF Scoreâ„¢ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cleanaway Waste Management's Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, Cleanaway Waste Management ranks #103 out of 247 companies for Return-on-Tangible-Asset. This puts Cleanaway Waste Management in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.90. Cleanaway Waste Management's value of 2.11% is 11.1% above this benchmark. Historically, Cleanaway Waste Management's own Return-on-Tangible-Asset has ranged from 0.75 to 6.83 over the past decade. While the company's 10-year median is 5.14 vs. the industry median of 1.90, Cleanaway Waste Management 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 Waste Management company?
The median Return-on-Tangible-Asset among Waste Management companies is 1.90, based on 247 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. Cleanaway Waste Management's current Return-on-Tangible-Asset of 2.11% is 11.1% 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 Cleanaway Waste Management and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleanaway Waste Management's current Return-on-Tangible-Asset is 2.11%, which is 59% below median its own 10-year median of 5.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleanaway Waste Management stock overvalued right now?
Based on GuruFocus' analysis, Cleanaway Waste Management (TSPCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.20, compared to a current price of $1.70 — trading 22.6% below its estimated fair value. The current Return-on-Tangible-Asset is 2.11%, which is 59% below median its 10-year median of 5.14 and 11.1% above the Waste Management industry median of 1.90. Cleanaway Waste Management's overall GF Score™ is 85/100 with 6 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 Cleanaway Waste Management (TSPCF), the current Return-on-Tangible-Asset is 2.11% 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 Cleanaway Waste Management (TSPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Cleanaway Waste Management stock appears to be undervalued.
The current stock price of $1.70 is trading 22.6% below its estimated GF Value™ of $2.20.
GuruFocus considers Cleanaway Waste Management to be Modestly Undervalued.
Key valuation signals for TSPCF:
Return-on-Tangible-Asset: 2.11% (59% below median its 10-year median of 5.14)
GF Value™: $2.20 vs. price of $1.70 (22.6% below fair value)
Industry Position: 11.1% above the Waste Management median (#103 of 247)
No single metric tells the full story. See the TSPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cleanaway Waste Management is Australia's largest waste management business with a national footprint in the collection and disposal of waste. It is active in municipal and commercial and industrial waste stream segments and in nonhazardous and hazardous liquid and medical waste. While Cleanaway is allocating greater capital to waste processing and treatment, earnings remain skewed toward waste collection. The company is particularly strong in commercial, industrial, and municipal waste collection with strong market share in all large Australian metro waste collection markets.
85GF Score
Get the complete analysis for TSPCF
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
TSPCF has been successfully added to your 
