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.
Secure Waste InfrastructureTSX:SES -0.30%45 Return-on-Tangible-Asset is 5.91% as of Mar. 2026, which is 732% above its 10-year median of 0.71. GuruFocus rates TSX:SES with a GF Score™ of 45/100. The stock has 7 warning signs investors should review. Among 245 Waste Management companies, Secure Waste Infrastructure ranks better than 68.16% 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. Secure Waste Infrastructure's annualizedNet Income for the quarter that ended in Mar. 2026 was C$140.00 Mil. Secure Waste Infrastructure's average total tangible assets for the quarter that ended in Mar. 2026 was C$2,369.50 Mil. Therefore, Secure Waste Infrastructure's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.91%.
The historical rank and industry rank for Secure Waste Infrastructure's Return-on-Tangible-Asset or its related term are showing as below:
TSX:SES'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.81 Med: 0.71 Max: 25.49
Current: 5.37
During the past 13 years, Secure Waste Infrastructure's highest Return-on-Tangible-Asset was 25.49%. The lowest was -10.81%. And the median was 0.71%.
TSX:SES's Return-on-Tangible-Asset is ranked better than 68.16% of 245
companies
in the Waste Management industry
Industry Median: 1.94
vs TSX:SES: 5.37
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.
Secure Waste Infrastructure Return-on-Tangible-Asset Related Terms
Secure Waste Infrastructure 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.
TSX:SES vs WM, RSG, WCN: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, Secure Waste Infrastructure'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.
Secure Waste Infrastructure Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, Secure Waste Infrastructure's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Secure Waste Infrastructure'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 5.91% mean?
Secure Waste Infrastructure (TSX:SES) has a Return-on-Tangible-Asset of 5.91% 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 Secure Waste Infrastructure and its competitors. This is 732% above median its historical median of 0.71. According to the industry distribution chart, Secure Waste Infrastructure ranks #78 out of 245 companies in the Waste Management industry, placing it in the top 31.8%.
Is Secure Waste Infrastructure's Return-on-Tangible-Asset too high?
Secure Waste Infrastructure's current Return-on-Tangible-Asset of 5.91% is 732% above median its 10-year median of 0.71. The Waste Management industry median Return-on-Tangible-Asset is 1.94. Secure Waste Infrastructure's value of 5.91% is 204.6% above this industry median. Based on the distribution chart, Secure Waste Infrastructure ranks #78 out of 245 companies in the Waste Management industry, which is above the industry midpoint. Overall, Secure Waste Infrastructure has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Secure Waste Infrastructure's Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, Secure Waste Infrastructure ranks #78 out of 245 companies for Return-on-Tangible-Asset. This puts Secure Waste Infrastructure in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.94. Secure Waste Infrastructure's value of 5.91% is 204.6% above this benchmark. While the company's 10-year median is 0.71 vs. the industry median of 1.94, Secure Waste Infrastructure 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 1.94, based on 245 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. Secure Waste Infrastructure's current Return-on-Tangible-Asset of 5.91% is 204.6% 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 Secure Waste Infrastructure and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Secure Waste Infrastructure's current Return-on-Tangible-Asset is 5.91%, which is 732% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secure Waste Infrastructure stock overvalued right now?
Secure Waste Infrastructure (TSX:SES) has a current Return-on-Tangible-Asset of 5.91%. The current Return-on-Tangible-Asset is 5.91%, which is 732% above median its 10-year median of 0.71 and 204.6% above the Waste Management industry median of 1.94. Secure Waste Infrastructure's overall GF Score™ is 45/100 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 Secure Waste Infrastructure (TSX:SES), the current Return-on-Tangible-Asset is 5.91% 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.
Secure Waste Infrastructure Corp operates in waste management and energy infrastructure business. The company operates in two segments: Waste Management, and Energy Infrastructure. The activities of the company include buying and selling crude oil and natural gas liquid products, capturing location, and other related activities. It generates the majority of its revenue from the Waste Management segment which includes a network of waste processing facilities, produced water pipelines, industrial landfills, and others. Energy Infrastructure includes a network of crude oil gathering pipelines, terminals, and storage facilities.
45GF Score
Get the complete analysis for TSX:SES
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
TSX:SES has been successfully added to your 
