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WAR:ICD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.5 Med: 0.91 Max: 7.69
Current: 0.85
During the past 13 years, Intercapital Property Development REIT's highest Return-on-Tangible-Asset was 7.69%. The lowest was -9.50%. And the median was 0.91%.
WAR:ICD's Return-on-Tangible-Asset is ranked worse than 73.52% of 929
companies
in the REITs industry
Industry Median: 3.27
vs WAR:ICD: 0.85
Intercapital Property Development REIT (WAR:ICD) 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.
Intercapital Property Development REIT Return-on-Tangible-Asset Related Terms
Intercapital Property Development REIT Return-on-Tangible-Asset Historical Data
* 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.
Intercapital Property Development REIT Return-on-Tangible-Asset Chart
Intercapital Property Development REIT Annual Data
WAR:ICD vs VICI, WPC, BNL: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Intercapital Property Development REIT'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.
Intercapital Property Development REIT Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Intercapital Property Development REIT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Intercapital Property Development REIT'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 -1.17% mean?
Intercapital Property Development REIT (WAR:ICD) has a Return-on-Tangible-Asset of -1.17% 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 Intercapital Property Development REIT and its competitors. According to the industry distribution chart, Intercapital Property Development REIT ranks #683 out of 929 companies in the REITs industry, placing it in the top 73.5%.
Is Intercapital Property Development REIT's Return-on-Tangible-Asset too high?
Intercapital Property Development REIT's current Return-on-Tangible-Asset is -1.17%. Based on the distribution chart, Intercapital Property Development REIT ranks #683 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, Intercapital Property Development REIT has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Intercapital Property Development REIT's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Intercapital Property Development REIT ranks #683 out of 929 companies for Return-on-Tangible-Asset. This places Intercapital Property Development REIT in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.27. 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 929 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 Intercapital Property Development REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intercapital Property Development REIT's current Return-on-Tangible-Asset is -1.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercapital Property Development REIT stock overvalued right now?
Based on GuruFocus' analysis, Intercapital Property Development REIT (WAR:ICD) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.57, compared to a current price of zł0.93 — trading 62.3% above its estimated fair value. The current Return-on-Tangible-Asset is -1.17%. Intercapital Property Development REIT's overall GF Score™ is 29/100 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 Intercapital Property Development REIT (WAR:ICD), the current Return-on-Tangible-Asset is -1.17% 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 Intercapital Property Development REIT (WAR:ICD) Overvalued in 2026?
Based on GuruFocus' analysis, Intercapital Property Development REIT stock appears to be overvalued.
The current stock price of zł0.93 is trading 62.3% above its estimated GF Value™ of zł0.57.
GuruFocus considers Intercapital Property Development REIT to be Significantly Overvalued.
Key valuation signals for WAR:ICD:
Return-on-Tangible-Asset: -1.17%
GF Value™: zł0.57 vs. price of zł0.93 (62.3% above fair value)
No single metric tells the full story. See the WAR:ICD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intercapital Property Development REIT Business Description
Intercapital Property Development REIT is an investment company for real estate securitization. The company functions as a collective investment scheme for real estate investments, and its investment projects include Marina Cape and Grand Borovetz. Its operations are conducted throughout Bulgaria.
29GF Score
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