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Procter & Gamble CoWAR:PCGL -0.99%71 Return-on-Tangible-Asset is 24.31% as of Mar. 2026, which is 5% below its 10-year median of 25.58. GuruFocus rates WAR:PCGL with a GF Score™ of 71/100 and a GF Value™ of zł637.68 (Modestly Undervalued). Among 1,994 Consumer Packaged Goods companies, Procter & Gamble Co ranks better than 97.64% 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. Procter & Gamble Co's annualizedNet Income for the quarter that ended in Mar. 2026 was zł59,823 Mil. Procter & Gamble Co's average total tangible assets for the quarter that ended in Mar. 2026 was zł246,043 Mil. Therefore, Procter & Gamble Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 24.31%.
The historical rank and industry rank for Procter & Gamble Co's Return-on-Tangible-Asset or its related term are showing as below:
WAR:PCGL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.81 Med: 25.58 Max: 27.92
Current: 26.3
During the past 13 years, Procter & Gamble Co's highest Return-on-Tangible-Asset was 27.92%. The lowest was 7.81%. And the median was 25.58%.
WAR:PCGL's Return-on-Tangible-Asset is ranked better than 97.64% of 1994
companies
in the Consumer Packaged Goods industry
Industry Median: 3.39
vs WAR:PCGL: 26.30
Procter & Gamble Co (WAR:PCGL) 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.
Procter & Gamble Co Return-on-Tangible-Asset Related Terms
Procter & Gamble Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Procter & Gamble Co'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.
Procter & Gamble Co Return-on-Tangible-Asset Chart
WAR:PCGL vs CL, KVUE, KMB: Return-on-Tangible-Asset Comparison
For the Household & Personal Products subindustry, Procter & Gamble Co'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.
Procter & Gamble Co Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Procter & Gamble Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Procter & Gamble Co'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 24.31% mean?
Procter & Gamble Co (WAR:PCGL) has a Return-on-Tangible-Asset of 24.31% 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 Procter & Gamble Co and its competitors. This is near median its historical median of 25.58. Over the past decade, Procter & Gamble Co's Return-on-Tangible-Asset has ranged from 7.81 to 27.92. According to the industry distribution chart, Procter & Gamble Co ranks #47 out of 1994 companies in the Consumer Packaged Goods industry, placing it in the top 2.4%.
Is Procter & Gamble Co's Return-on-Tangible-Asset too high?
Procter & Gamble Co's current Return-on-Tangible-Asset of 24.31% is near median its 10-year median of 25.58. Over the past 10 years, this metric has ranged from a low of 7.81 to a high of 27.92. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.39. Procter & Gamble Co's value of 24.31% is 617.1% above this industry median. Based on the distribution chart, Procter & Gamble Co ranks #47 out of 1994 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Procter & Gamble Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Procter & Gamble Co's Return-on-Tangible-Asset compare to CL and KVUE?
According to the Consumer Packaged Goods industry distribution chart, Procter & Gamble Co ranks #47 out of 1994 companies for Return-on-Tangible-Asset. This places Procter & Gamble Co in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.39. Procter & Gamble Co's value of 24.31% is 617.1% above this benchmark. Historically, Procter & Gamble Co's own Return-on-Tangible-Asset has ranged from 7.81 to 27.92 over the past decade. While the company's 10-year median is 25.58 vs. the industry median of 3.39, Procter & Gamble Co 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.39, based on 1,994 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. Procter & Gamble Co's current Return-on-Tangible-Asset of 24.31% is 617.1% 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 Procter & Gamble Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Procter & Gamble Co's current Return-on-Tangible-Asset is 24.31%, which is near median its own 10-year median of 25.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Procter & Gamble Co stock overvalued right now?
Based on GuruFocus' analysis, Procter & Gamble Co (WAR:PCGL) is currently considered Modestly Undervalued. The stock's GF Value™ is zł637.68, compared to a current price of zł562.40 — trading 11.8% below its estimated fair value. The current Return-on-Tangible-Asset is 24.31%, which is near median its 10-year median of 25.58 and 617.1% above the Consumer Packaged Goods industry median of 3.39. Procter & Gamble Co's overall GF Score™ is 71/100. 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 Procter & Gamble Co (WAR:PCGL), the current Return-on-Tangible-Asset is 24.31% 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 Procter & Gamble Co (WAR:PCGL) Overvalued in 2026?
Based on GuruFocus' analysis, Procter & Gamble Co stock appears to be undervalued.
The current stock price of zł562.40 is trading 11.8% below its estimated GF Value™ of zł637.68.
GuruFocus considers Procter & Gamble Co to be Modestly Undervalued.
Key valuation signals for WAR:PCGL:
Return-on-Tangible-Asset: 24.31% (near median its 10-year median of 25.58)
GF Value™: zł637.68 vs. price of zł562.40 (11.8% below fair value)
Industry Position: 617.1% above the Consumer Packaged Goods median (#47 of 1994)
No single metric tells the full story. See the WAR:PCGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, with annual sales of nearly $85 billion. It operates with a lineup of leading brands, including more than 20 that generate annual global sales of more than $1 billion each, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. Sales outside its home turf represent just more than half of the firm's consolidated total.
71GF Score
Get the complete analysis for WAR:PCGL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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