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Black Swan GrapheneTSXV:SWAN -9.28%40 Return-on-Tangible-Asset is -50.71% as of Mar. 2026. GuruFocus rates TSXV:SWAN with a GF Score™ of 40/100. The stock has 1 warning sign investors should review. Among 1,612 Chemicals companies, Black Swan Graphene ranks worse than 98.2% 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. Black Swan Graphene's annualizedNet Income for the quarter that ended in Mar. 2026 was C$-4.05 Mil. Black Swan Graphene's average total tangible assets for the quarter that ended in Mar. 2026 was C$7.98 Mil. Therefore, Black Swan Graphene's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -50.71%.
The historical rank and industry rank for Black Swan Graphene's Return-on-Tangible-Asset or its related term are showing as below:
TSXV:SWAN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -120.13 Med: -76.68 Max: -39.14
Current: -73.53
During the past 6 years, Black Swan Graphene's highest Return-on-Tangible-Asset was -39.14%. The lowest was -120.13%. And the median was -76.68%.
TSXV:SWAN's Return-on-Tangible-Asset is ranked worse than 98.2% of 1612
companies
in the Chemicals industry
Industry Median: 3.075
vs TSXV:SWAN: -73.53
Black Swan Graphene (TSXV:SWAN) 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.
Black Swan Graphene Return-on-Tangible-Asset Related Terms
Black Swan Graphene Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Black Swan Graphene'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.
Black Swan Graphene Return-on-Tangible-Asset Chart
TSXV:SWAN vs DOW: Return-on-Tangible-Asset Comparison
For the Chemicals subindustry, Black Swan Graphene'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.
Black Swan Graphene Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Black Swan Graphene's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Black Swan Graphene'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 -50.71% mean?
Black Swan Graphene (TSXV:SWAN) has a Return-on-Tangible-Asset of -50.71% 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 Black Swan Graphene and its competitors. According to the industry distribution chart, Black Swan Graphene ranks #1583 out of 1612 companies in the Chemicals industry, placing it in the top 98.2%.
Is Black Swan Graphene's Return-on-Tangible-Asset too high?
Black Swan Graphene's current Return-on-Tangible-Asset is -50.71%. Based on the distribution chart, Black Swan Graphene ranks #1583 out of 1612 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Black Swan Graphene has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Black Swan Graphene's Return-on-Tangible-Asset compare to DOW?
According to the Chemicals industry distribution chart, Black Swan Graphene ranks #1583 out of 1612 companies for Return-on-Tangible-Asset. This places Black Swan Graphene in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.08. 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.08, based on 1,612 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 Black Swan Graphene and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Swan Graphene's current Return-on-Tangible-Asset is -50.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Swan Graphene stock overvalued right now?
Black Swan Graphene (TSXV:SWAN) has a current Return-on-Tangible-Asset of -50.71%. The current Return-on-Tangible-Asset is -50.71%. Black Swan Graphene's overall GF Score™ is 40/100 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 Black Swan Graphene (TSXV:SWAN), the current Return-on-Tangible-Asset is -50.71% 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.
Black Swan Graphene Inc is focused on the large-scale production and commercialization of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete, polymer, Li-ion batteries, and others, which are expected to require large volumes of graphene and, in turn, require large volumes of graphite.
40GF Score
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