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Fon SEWAR:FON -4.32%71 Return-on-Tangible-Asset is 4.09% as of Mar. 2026. GuruFocus rates WAR:FON with a GF Score™ of 71/100 and a GF Value™ of zł2.69 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 547 Credit Services companies, Fon SE ranks better than 76.42% 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. Fon SE's annualizedNet Income for the quarter that ended in Mar. 2026 was zł1.56 Mil. Fon SE's average total tangible assets for the quarter that ended in Mar. 2026 was zł38.25 Mil. Therefore, Fon SE's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.09%.
The historical rank and industry rank for Fon SE's Return-on-Tangible-Asset or its related term are showing as below:
WAR:FON'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -39.76 Med: -1.27 Max: 6.97
Current: 4.6
During the past 13 years, Fon SE's highest Return-on-Tangible-Asset was 6.97%. The lowest was -39.76%. And the median was -1.27%.
WAR:FON's Return-on-Tangible-Asset is ranked better than 76.42% of 547
companies
in the Credit Services industry
Industry Median: 1.94
vs WAR:FON: 4.60
Fon SE (WAR:FON) 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.
Fon SE Return-on-Tangible-Asset Related Terms
Fon SE Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Fon SE'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:FON vs V, MA, AXP: Return-on-Tangible-Asset Comparison
For the Credit Services subindustry, Fon SE'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.
Fon SE Return-on-Tangible-Asset vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Fon SE's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Fon SE'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 4.09% mean?
Fon SE (WAR:FON) has a Return-on-Tangible-Asset of 4.09% 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 Fon SE and its competitors. According to the industry distribution chart, Fon SE ranks #129 out of 547 companies in the Credit Services industry, placing it in the top 23.6%.
Is Fon SE's Return-on-Tangible-Asset too high?
Fon SE's current Return-on-Tangible-Asset is 4.09%. The Credit Services industry median Return-on-Tangible-Asset is 1.94. Fon SE's value of 4.09% is 110.8% above this industry median. Based on the distribution chart, Fon SE ranks #129 out of 547 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Fon SE has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fon SE's Return-on-Tangible-Asset compare to V and MA?
According to the Credit Services industry distribution chart, Fon SE ranks #129 out of 547 companies for Return-on-Tangible-Asset. This places Fon SE in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.94. Fon SE's value of 4.09% is 110.8% above this benchmark. 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 Credit Services company?
The median Return-on-Tangible-Asset among Credit Services companies is 1.94, based on 547 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. Fon SE's current Return-on-Tangible-Asset of 4.09% is 110.8% 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 Fon SE and its competitors. For the Credit Services industry, the median Return-on-Tangible-Asset is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fon SE's current Return-on-Tangible-Asset is 4.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fon SE stock overvalued right now?
Based on GuruFocus' analysis, Fon SE (WAR:FON) is currently considered Possible Value Trap. The stock's GF Value™ is zł2.69, compared to a current price of zł1.77 — trading 34.2% below its estimated fair value. The current Return-on-Tangible-Asset is 4.09% and 110.8% above the Credit Services industry median of 1.94. Fon SE's overall GF Score™ is 71/100 with 3 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 Fon SE (WAR:FON), the current Return-on-Tangible-Asset is 4.09% 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 Fon SE (WAR:FON) Overvalued in 2026?
Based on GuruFocus' analysis, Fon SE stock appears to be undervalued.
The current stock price of zł1.77 is trading 34.2% below its estimated GF Value™ of zł2.69.
GuruFocus considers Fon SE to be Possible Value Trap.
Key valuation signals for WAR:FON:
Return-on-Tangible-Asset: 4.09%
GF Value™: zł2.69 vs. price of zł1.77 (34.2% below fair value)
Industry Position: 110.8% above the Credit Services median (#129 of 547)
No single metric tells the full story. See the WAR:FON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fon SE is engaged in financial activities and capital investments. The company offers medium-term cash loans to retail clients and small businesses and generates revenue through interest on loans granted. Geographically, it derives a majority of its revenue from its customers in Poland and the rest from Estonia.
71GF Score
Get the complete analysis for WAR:FON
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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