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Benefit SystemsWAR:BFT -0.09%91 Return-on-Tangible-Asset is 20.09% as of Mar. 2026, which is 50% above its 10-year median of 13.42. GuruFocus rates WAR:BFT with a GF Score™ of 91/100 and a GF Value™ of zł4,116.69 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 857 Travel & Leisure companies, Benefit Systems ranks better than 93.82% 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. Benefit Systems's annualizedNet Income for the quarter that ended in Mar. 2026 was zł918 Mil. Benefit Systems's average total tangible assets for the quarter that ended in Mar. 2026 was zł4,571 Mil. Therefore, Benefit Systems's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 20.09%.
The historical rank and industry rank for Benefit Systems's Return-on-Tangible-Asset or its related term are showing as below:
WAR:BFT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.14 Med: 13.42 Max: 23.56
Current: 18.27
During the past 13 years, Benefit Systems's highest Return-on-Tangible-Asset was 23.56%. The lowest was -6.14%. And the median was 13.42%.
WAR:BFT's Return-on-Tangible-Asset is ranked better than 93.82% of 857
companies
in the Travel & Leisure industry
Industry Median: 2.86
vs WAR:BFT: 18.27
Benefit Systems (WAR:BFT) 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.
Benefit Systems Return-on-Tangible-Asset Related Terms
Benefit Systems Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Benefit Systems'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.
WAR:BFT vs AS, HAS, LTH: Return-on-Tangible-Asset Comparison
For the Leisure subindustry, Benefit Systems'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.
Benefit Systems Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Benefit Systems's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Benefit Systems'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 20.09% mean?
Benefit Systems (WAR:BFT) has a Return-on-Tangible-Asset of 20.09% 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 Benefit Systems and its competitors. This is 50% above median its historical median of 13.42. According to the industry distribution chart, Benefit Systems ranks #53 out of 857 companies in the Travel & Leisure industry, placing it in the top 6.2%.
Is Benefit Systems' Return-on-Tangible-Asset too high?
Benefit Systems' current Return-on-Tangible-Asset of 20.09% is 50% above median its 10-year median of 13.42. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.86. Benefit Systems' value of 20.09% is 602.4% above this industry median. Based on the distribution chart, Benefit Systems ranks #53 out of 857 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Benefit Systems has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benefit Systems' Return-on-Tangible-Asset compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Benefit Systems ranks #53 out of 857 companies for Return-on-Tangible-Asset. This places Benefit Systems in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.86. Benefit Systems' value of 20.09% is 602.4% above this benchmark. While the company's 10-year median is 13.42 vs. the industry median of 2.86, Benefit Systems 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.86, based on 857 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. Benefit Systems's current Return-on-Tangible-Asset of 20.09% is 602.4% 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 Benefit Systems and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Benefit Systems's current Return-on-Tangible-Asset is 20.09%, which is 50% above median its own 10-year median of 13.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Benefit Systems stock overvalued right now?
Based on GuruFocus' analysis, Benefit Systems (WAR:BFT) is currently considered Modestly Overvalued. The stock's GF Value™ is zł4,116.69, compared to a current price of zł5,360.00 — trading 30.2% above its estimated fair value. The current Return-on-Tangible-Asset is 20.09%, which is 50% above median its 10-year median of 13.42 and 602.4% above the Travel & Leisure industry median of 2.86. Benefit Systems' overall GF Score™ is 91/100 with 5 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 Benefit Systems (WAR:BFT), the current Return-on-Tangible-Asset is 20.09% 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 Benefit Systems (WAR:BFT) Overvalued in 2026?
Based on GuruFocus' analysis, Benefit Systems stock appears to be overvalued.
The current stock price of zł5,360.00 is trading 30.2% above its estimated GF Value™ of zł4,116.69.
GuruFocus considers Benefit Systems to be Modestly Overvalued.
Key valuation signals for WAR:BFT:
Return-on-Tangible-Asset: 20.09% (50% above median its 10-year median of 13.42)
GF Value™: zł4,116.69 vs. price of zł5,360.00 (30.2% above fair value)
Industry Position: 602.4% above the Travel & Leisure median (#53 of 857)
No single metric tells the full story. See the WAR:BFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Benefit Systems SA is Poland based company which is engaged in providing work benefits in the area of sport, recreations, culture and entertainment. Its products portfolio includes MultiSport Plus card, program that allows access to the sport and recreation clubs and multi-purpose facilities as well as Mybenefit, Benefitlunch, Multibilet, Multikafeteria and others.
91GF Score
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