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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. Tree Island Steel's annualizedNet Income for the quarter that ended in Mar. 2026 was $-3.4 Mil. Tree Island Steel's average total tangible assets for the quarter that ended in Mar. 2026 was $115.4 Mil. Therefore, Tree Island Steel's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -2.96%.
The historical rank and industry rank for Tree Island Steel's Return-on-Tangible-Asset or its related term are showing as below:
TWIRF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.97 Med: 2.57 Max: 47.25
Current: -3.97
During the past 13 years, Tree Island Steel's highest Return-on-Tangible-Asset was 47.25%. The lowest was -3.97%. And the median was 2.57%.
TWIRF's Return-on-Tangible-Asset is ranked worse than 84.23% of 634
companies
in the Steel industry
Industry Median: 2.055
vs TWIRF: -3.97
Tree Island Steel (OTCPK:TWIRF) 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.
Tree Island Steel Return-on-Tangible-Asset Related Terms
Tree Island Steel Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tree Island Steel'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.
TWIRF vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Tree Island Steel'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.
Tree Island Steel Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Tree Island Steel's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tree Island Steel'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 -2.96% mean?
Tree Island Steel (TWIRF) has a Return-on-Tangible-Asset of -2.96% 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 Tree Island Steel and its competitors. According to the industry distribution chart, Tree Island Steel ranks #534 out of 634 companies in the Steel industry, placing it in the top 84.2%.
Is Tree Island Steel's Return-on-Tangible-Asset too high?
Tree Island Steel's current Return-on-Tangible-Asset is -2.96%. Based on the distribution chart, Tree Island Steel ranks #534 out of 634 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Tree Island Steel has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tree Island Steel's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Tree Island Steel ranks #534 out of 634 companies for Return-on-Tangible-Asset. This places Tree Island Steel in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.06. 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.06, based on 634 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 Tree Island Steel and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tree Island Steel's current Return-on-Tangible-Asset is -2.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tree Island Steel stock overvalued right now?
Based on GuruFocus' analysis, Tree Island Steel (TWIRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.39, compared to a current price of $1.56 — trading 12.4% above its estimated fair value. The current Return-on-Tangible-Asset is -2.96%. Tree Island Steel's overall GF Score™ is 54/100 with 4 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 Tree Island Steel (TWIRF), the current Return-on-Tangible-Asset is -2.96% 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.
Is Tree Island Steel (TWIRF) Overvalued in 2026?
Based on GuruFocus' analysis, Tree Island Steel stock appears to be overvalued.
The current stock price of $1.56 is trading 12.4% above its estimated GF Value™ of $1.39.
GuruFocus considers Tree Island Steel to be Modestly Overvalued.
Key valuation signals for TWIRF:
Return-on-Tangible-Asset: -2.96%
GF Value™: $1.39 vs. price of $1.56 (12.4% above fair value)
No single metric tells the full story. See the TWIRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tree Island Steel Ltd is engaged in the manufacturing and sale of steel wire and fabricated steel wire products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated steel products. These products are offered under Tree Island, TI Wire, ToughStrand, ToughPanel, Halsteel, TrueSpec, and K-Lath brands. Tree Island groups its products into the following: Industrial, Commercial Construction, Agricultural, and Residential Construction, of which maximum revenue is generated from the Industrial category. Geographically, the company generates maximum revenue from Canada, and the rest from the United States, and other International markets.
54GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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