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.
Comet IndustriesTSXV:CMU 25 Return-on-Tangible-Asset is -5.62% as of Apr. 2026. GuruFocus rates TSXV:CMU with a GF Score™ of 25/100. The stock has 2 warning signs investors should review. Among 1,797 Real Estate companies, Comet Industries ranks worse than 84.97% 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. Comet Industries's annualizedNet Income for the quarter that ended in Apr. 2026 was C$-0.98 Mil. Comet Industries's average total tangible assets for the quarter that ended in Apr. 2026 was C$17.45 Mil. Therefore, Comet Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was -5.62%.
The historical rank and industry rank for Comet Industries's Return-on-Tangible-Asset or its related term are showing as below:
TSXV:CMU'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.07 Med: 1.47 Max: 118.36
Current: -4.56
During the past 13 years, Comet Industries's highest Return-on-Tangible-Asset was 118.36%. The lowest was -5.07%. And the median was 1.47%.
TSXV:CMU's Return-on-Tangible-Asset is ranked worse than 84.97% of 1797
companies
in the Real Estate industry
Industry Median: 1.86
vs TSXV:CMU: -4.56
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.
Comet Industries Return-on-Tangible-Asset Related Terms
Comet Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Comet Industries'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.
TSXV:CMU vs CBRE, BEKE, JLL: Return-on-Tangible-Asset Comparison
For the Real Estate Services subindustry, Comet Industries'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.
Comet Industries Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Comet Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Comet Industries'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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of -5.62% mean?
Comet Industries (TSXV:CMU) has a Return-on-Tangible-Asset of -5.62% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Comet Industries and its competitors. According to the industry distribution chart, Comet Industries ranks #1527 out of 1797 companies in the Real Estate industry, placing it in the top 85%.
Is Comet Industries' Return-on-Tangible-Asset too high?
Comet Industries' current Return-on-Tangible-Asset is -5.62%. Based on the distribution chart, Comet Industries ranks #1527 out of 1797 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Comet Industries has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Comet Industries' Return-on-Tangible-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Comet Industries ranks #1527 out of 1797 companies for Return-on-Tangible-Asset. This places Comet Industries in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.86. 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.86, based on 1,797 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. 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 Comet Industries and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comet Industries's current Return-on-Tangible-Asset is -5.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comet Industries stock overvalued right now?
Comet Industries (TSXV:CMU) has a current Return-on-Tangible-Asset of -5.62%. The current Return-on-Tangible-Asset is -5.62%. Comet Industries' overall GF Score™ is 25/100 with 2 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 Comet Industries (TSXV:CMU), the current Return-on-Tangible-Asset is -5.62% as of Apr. 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.
Comet Industries Ltd is an exploration-stage company. The Company is engaged in the business of developing properties, including Iron Mask, and holding and managing real properties, all in British Columbia. The company owns unimproved land in Kamloops, Terrace, and Pender Harbor, and a rental property in Vancouver, British Columbia, on a freehold basis. The segments of the company include Investment Properties, Exploration, Properties under Development, and General or Administration. The company generates maximum revenue from the Properties under Development segment.
25GF Score
Get the complete analysis for TSXV:CMU
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
TSXV:CMU has been successfully added to your 
