Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
IFIRMA Spolka AkcyjnaWAR:IFI -0.40%96 Return-on-Tangible-Asset is 33.95% as of Mar. 2026, which is 28% above its 10-year median of 26.46. GuruFocus rates WAR:IFI with a GF Score™ of 96/100 and a GF Value™ of zł31.24 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,891 Software companies, IFIRMA Spolka Akcyjna ranks better than 98.06% 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. IFIRMA Spolka Akcyjna's annualizedNet Income for the quarter that ended in Mar. 2026 was zł9.48 Mil. IFIRMA Spolka Akcyjna's average total tangible assets for the quarter that ended in Mar. 2026 was zł27.92 Mil. Therefore, IFIRMA Spolka Akcyjna's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 33.95%.
The historical rank and industry rank for IFIRMA Spolka Akcyjna's Return-on-Tangible-Asset or its related term are showing as below:
WAR:IFI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 12.43 Med: 26.46 Max: 49.39
Current: 42.76
During the past 13 years, IFIRMA Spolka Akcyjna's highest Return-on-Tangible-Asset was 49.39%. The lowest was 12.43%. And the median was 26.46%.
WAR:IFI's Return-on-Tangible-Asset is ranked better than 98.06% of 2891
companies
in the Software industry
Industry Median: 2.07
vs WAR:IFI: 42.76
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.
IFIRMA Spolka Akcyjna Return-on-Tangible-Asset Related Terms
IFIRMA Spolka Akcyjna Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for IFIRMA Spolka Akcyjna'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:IFI vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, IFIRMA Spolka Akcyjna'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.
IFIRMA Spolka Akcyjna Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, IFIRMA Spolka Akcyjna's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where IFIRMA Spolka Akcyjna'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 33.95% mean?
IFIRMA Spolka Akcyjna (WAR:IFI) has a Return-on-Tangible-Asset of 33.95% 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 IFIRMA Spolka Akcyjna and its competitors. This is 28% above median its historical median of 26.46. Over the past decade, IFIRMA Spolka Akcyjna's Return-on-Tangible-Asset has ranged from 12.43 to 49.39. According to the industry distribution chart, IFIRMA Spolka Akcyjna ranks #56 out of 2891 companies in the Software industry, placing it in the top 1.9%.
Is IFIRMA Spolka Akcyjna's Return-on-Tangible-Asset too high?
IFIRMA Spolka Akcyjna's current Return-on-Tangible-Asset of 33.95% is 28% above median its 10-year median of 26.46. Over the past 10 years, this metric has ranged from a low of 12.43 to a high of 49.39. The Software industry median Return-on-Tangible-Asset is 2.07. IFIRMA Spolka Akcyjna's value of 33.95% is 1540.1% above this industry median. Based on the distribution chart, IFIRMA Spolka Akcyjna ranks #56 out of 2891 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, IFIRMA Spolka Akcyjna has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IFIRMA Spolka Akcyjna's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, IFIRMA Spolka Akcyjna ranks #56 out of 2891 companies for Return-on-Tangible-Asset. This places IFIRMA Spolka Akcyjna in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.07. IFIRMA Spolka Akcyjna's value of 33.95% is 1540.1% above this benchmark. Historically, IFIRMA Spolka Akcyjna's own Return-on-Tangible-Asset has ranged from 12.43 to 49.39 over the past decade. While the company's 10-year median is 26.46 vs. the industry median of 2.07, IFIRMA Spolka Akcyjna 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.07, based on 2,891 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. IFIRMA Spolka Akcyjna's current Return-on-Tangible-Asset of 33.95% is 1540.1% 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 IFIRMA Spolka Akcyjna and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IFIRMA Spolka Akcyjna's current Return-on-Tangible-Asset is 33.95%, which is 28% above median its own 10-year median of 26.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IFIRMA Spolka Akcyjna stock overvalued right now?
Based on GuruFocus' analysis, IFIRMA Spolka Akcyjna (WAR:IFI) is currently considered Modestly Undervalued. The stock's GF Value™ is zł31.24, compared to a current price of zł25.00 — trading 20% below its estimated fair value. The current Return-on-Tangible-Asset is 33.95%, which is 28% above median its 10-year median of 26.46 and 1540.1% above the Software industry median of 2.07. IFIRMA Spolka Akcyjna's overall GF Score™ is 96/100 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 IFIRMA Spolka Akcyjna (WAR:IFI), the current Return-on-Tangible-Asset is 33.95% 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 IFIRMA Spolka Akcyjna (WAR:IFI) Overvalued in 2026?
Based on GuruFocus' analysis, IFIRMA Spolka Akcyjna stock appears to be undervalued.
The current stock price of zł25.00 is trading 20% below its estimated GF Value™ of zł31.24.
GuruFocus considers IFIRMA Spolka Akcyjna to be Modestly Undervalued.
Key valuation signals for WAR:IFI:
Return-on-Tangible-Asset: 33.95% (28% above median its 10-year median of 26.46)
GF Value™: zł31.24 vs. price of zł25.00 (20% below fair value)
Industry Position: 1540.1% above the Software median (#56 of 2891)
No single metric tells the full story. See the WAR:IFI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IFIRMA Spolka Akcyjna provides services in the field of software development as well as recruitment and outsourcing of IT staff. Its services include internet accounting, accounting office, invoices application, and warehousing software. The company is working on www.firmbee.com - a project management software which manages firm's tasks, finances, supports remote team work and HR processes.
96GF Score
Get the complete analysis for WAR:IFI
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WAR:IFI has been successfully added to your 
