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US Physical TherapyUSPH -1.63%78 Return-on-Tangible-Asset is -5.06% as of Mar. 2026. GuruFocus rates USPH with a GF Score™ of 78/100 and a GF Value™ of $108.02 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 682 Healthcare Providers & Services companies, US Physical Therapy ranks worse than 64.81% 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. US Physical Therapy's annualizedNet Income for the quarter that ended in Mar. 2026 was $-17.3 Mil. US Physical Therapy's average total tangible assets for the quarter that ended in Mar. 2026 was $342.6 Mil. Therefore, US Physical Therapy's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -5.06%.
The historical rank and industry rank for US Physical Therapy's Return-on-Tangible-Asset or its related term are showing as below:
USPH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.62 Med: 12.46 Max: 24.99
Current: -0.62
During the past 13 years, US Physical Therapy's highest Return-on-Tangible-Asset was 24.99%. The lowest was -0.62%. And the median was 12.46%.
USPH's Return-on-Tangible-Asset is ranked worse than 64.81% of 682
companies
in the Healthcare Providers & Services industry
Industry Median: 2.465
vs USPH: -0.62
US Physical Therapy (NYSE:USPH) 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.
US Physical Therapy Return-on-Tangible-Asset Related Terms
US Physical Therapy Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for US Physical Therapy'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.
US Physical Therapy Return-on-Tangible-Asset Chart
USPH vs NUTX, PNTG, AMN: Return-on-Tangible-Asset Comparison
For the Medical Care Facilities subindustry, US Physical Therapy'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.
US Physical Therapy Return-on-Tangible-Asset vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, US Physical Therapy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where US Physical Therapy'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 -5.06% mean?
US Physical Therapy (USPH) has a Return-on-Tangible-Asset of -5.06% 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 US Physical Therapy and its competitors. According to the industry distribution chart, US Physical Therapy ranks #442 out of 682 companies in the Healthcare Providers & Services industry, placing it in the top 64.8%.
Is US Physical Therapy's Return-on-Tangible-Asset too high?
US Physical Therapy's current Return-on-Tangible-Asset is -5.06%. Based on the distribution chart, US Physical Therapy ranks #442 out of 682 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, US Physical Therapy has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does US Physical Therapy's Return-on-Tangible-Asset compare to NUTX and PNTG?
According to the Healthcare Providers & Services industry distribution chart, US Physical Therapy ranks #442 out of 682 companies for Return-on-Tangible-Asset. This places US Physical Therapy in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.47. 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Asset among Healthcare Providers & Services companies is 2.47, based on 682 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 US Physical Therapy and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Asset is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. US Physical Therapy's current Return-on-Tangible-Asset is -5.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is US Physical Therapy stock overvalued right now?
Based on GuruFocus' analysis, US Physical Therapy (USPH) is currently considered Significantly Undervalued. The stock's GF Value™ is $108.02, compared to a current price of $70.43 — trading 34.8% below its estimated fair value. The current Return-on-Tangible-Asset is -5.06%. US Physical Therapy's overall GF Score™ is 78/100 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 US Physical Therapy (USPH), the current Return-on-Tangible-Asset is -5.06% 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 US Physical Therapy (USPH) Overvalued in 2026?
Based on GuruFocus' analysis, US Physical Therapy stock appears to be undervalued.
The current stock price of $70.43 is trading 34.8% below its estimated GF Value™ of $108.02.
GuruFocus considers US Physical Therapy to be Significantly Undervalued.
Key valuation signals for USPH:
Return-on-Tangible-Asset: -5.06%
GF Value™: $108.02 vs. price of $70.43 (34.8% below fair value)
No single metric tells the full story. See the USPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
US Physical Therapy Inc through its subsidiaries operate outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries. The principal payment sources for the clinics' services are managed care programs, commercial health insurance, Medicare/Medicaid, workers' compensation insurance, and proceeds from personal injury cases. Its operating segment includes Physical therapy operations and Industrial injury prevention services. The company generates maximum revenue from the Physical therapy operations segment.
78GF 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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