LARQ (WAR:LRQ) Return-on-Tangible-Asset: 3.12% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

WAR:LRQ LARQ SA WAR:LRQ
59 GF Score
Price zł2.66
GF Value zł2.06
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is LARQ Return-on-Tangible-Asset?

LARQ WAR:LRQ -2.21% 59 Return-on-Tangible-Asset is 3.12% as of Mar. 2026. GuruFocus rates WAR:LRQ with a GF Score™ of 59/100 and a GF Value™ of zł2.06 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,029 Media - Diversified companies, LARQ ranks better than 91.06% 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. LARQ's annualized Net Income for the quarter that ended in Mar. 2026 was zł2.37 Mil. LARQ's average total tangible assets for the quarter that ended in Mar. 2026 was zł75.82 Mil. Therefore, LARQ's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.12%.

The historical rank and industry rank for LARQ's Return-on-Tangible-Asset or its related term are showing as below:

WAR:LRQ' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -54.72   Med: -9.34   Max: 43.61
Current: 12.97

During the past 13 years, LARQ's highest Return-on-Tangible-Asset was 43.61%. The lowest was -54.72%. And the median was -9.34%.

WAR:LRQ's Return-on-Tangible-Asset is ranked better than
91.06% of 1029 companies
in the Media - Diversified industry
Industry Median: 0.82 vs WAR:LRQ: 12.97

LARQ  (WAR:LRQ) 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 company’s 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 company’s 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.


LARQ Return-on-Tangible-Asset Related Terms


LARQ Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for LARQ'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.

LARQ Return-on-Tangible-Asset Chart

LARQ Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.50 -9.96 21.95 -9.49 16.31

LARQ Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.03 52.52 18.31 -19.81 3.12

WAR:LRQ vs APP, OMC, TTD: Return-on-Tangible-Asset Comparison

For the Advertising Agencies subindustry, LARQ'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.


LARQ Return-on-Tangible-Asset vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, LARQ's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where LARQ's Return-on-Tangible-Asset falls into.


WAR:LRQ
59GF Score
LARQ SA WAR:LRQ
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LARQ Return-on-Tangible-Asset Calculation

LARQ's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=11.389/( (64.179+75.436)/ 2 )
=11.389/69.8075
=16.31 %

LARQ's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=2.368/( (75.436+76.213)/ 2 )
=2.368/75.8245
=3.12 %

* 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 3.12% mean?
LARQ (WAR:LRQ) has a Return-on-Tangible-Asset of 3.12% 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 LARQ and its competitors. According to the industry distribution chart, LARQ ranks #92 out of 1029 companies in the Media - Diversified industry, placing it in the top 8.9%.
Is LARQ's Return-on-Tangible-Asset too high?
LARQ's current Return-on-Tangible-Asset is 3.12%. The Media - Diversified industry median Return-on-Tangible-Asset is 0.82. LARQ's value of 3.12% is 280.5% above this industry median. Based on the distribution chart, LARQ ranks #92 out of 1029 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, LARQ has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LARQ's Return-on-Tangible-Asset compare to APP and OMC?
According to the Media - Diversified industry distribution chart, LARQ ranks #92 out of 1029 companies for Return-on-Tangible-Asset. This places LARQ in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.82. LARQ's value of 3.12% is 280.5% 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 Media - Diversified company?
The median Return-on-Tangible-Asset among Media - Diversified companies is 0.82, based on 1,029 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. LARQ's current Return-on-Tangible-Asset of 3.12% is 280.5% 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 LARQ and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Asset is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LARQ's current Return-on-Tangible-Asset is 3.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LARQ stock overvalued right now?
Based on GuruFocus' analysis, LARQ (WAR:LRQ) is currently considered Modestly Overvalued. The stock's GF Value™ is zł2.06, compared to a current price of zł2.66 — trading 29.1% above its estimated fair value. The current Return-on-Tangible-Asset is 3.12% and 280.5% above the Media - Diversified industry median of 0.82. LARQ's overall GF Score™ is 59/100 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 LARQ (WAR:LRQ), the current Return-on-Tangible-Asset is 3.12% 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 LARQ (WAR:LRQ) Overvalued in 2026?

Based on GuruFocus' analysis, LARQ stock appears to be overvalued. The current stock price of zł2.66 is trading 29.1% above its estimated GF Value™ of zł2.06. GuruFocus considers LARQ to be Modestly Overvalued.

Key valuation signals for WAR:LRQ:

  • Return-on-Tangible-Asset: 3.12%
  • GF Value™: zł2.06 vs. price of zł2.66 (29.1% above fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 280.5% above the Media - Diversified median (#92 of 1029)

No single metric tells the full story. See the WAR:LRQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LARQ Business Description

Address Ul. Tamka 16 Lok. U4, Warsaw, POL, 00-349
LARQ SA is a Poland based company involved in providing outdoor advertising media services. It engages in providing and servicing urban rental bike systems, as well as designing, manufacturing, and implementing marketing campaigns. The company also offers web and mobile solutions for supporting business and sales processes; and develops sales and marketing automation system under the CodeProud and YouLead brand names.
59GF Score

Get the complete analysis for WAR:LRQ

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł2.66
Price
zł2.06
GF Value