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S4EWAR:S4E -3.57%78 Return-on-Tangible-Asset is 3.59% as of Mar. 2026, which is 633% above its 10-year median of 0.49. GuruFocus rates WAR:S4E with a GF Score™ of 78/100 and a GF Value™ of zł44.48 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,502 Hardware companies, S4E ranks better than 58.31% 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. S4E's annualizedNet Income for the quarter that ended in Mar. 2026 was zł11.4 Mil. S4E's average total tangible assets for the quarter that ended in Mar. 2026 was zł316.6 Mil. Therefore, S4E's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.59%.
The historical rank and industry rank for S4E's Return-on-Tangible-Asset or its related term are showing as below:
WAR:S4E'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.05 Med: 0.49 Max: 3.79
Current: 3.79
During the past 13 years, S4E's highest Return-on-Tangible-Asset was 3.79%. The lowest was -4.05%. And the median was 0.49%.
WAR:S4E's Return-on-Tangible-Asset is ranked better than 58.31% of 2502
companies
in the Hardware industry
Industry Median: 2.48
vs WAR:S4E: 3.79
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.
S4E Return-on-Tangible-Asset Related Terms
S4E Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for S4E'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:S4E vs SNX, ARW, AVT: Return-on-Tangible-Asset Comparison
For the Electronics & Computer Distribution subindustry, S4E'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.
S4E Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, S4E's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where S4E'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 3.59% mean?
S4E (WAR:S4E) has a Return-on-Tangible-Asset of 3.59% 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 S4E and its competitors. This is 633% above median its historical median of 0.49. According to the industry distribution chart, S4E ranks #1043 out of 2502 companies in the Hardware industry, placing it in the top 41.7%.
Is S4E's Return-on-Tangible-Asset too high?
S4E's current Return-on-Tangible-Asset of 3.59% is 633% above median its 10-year median of 0.49. The Hardware industry median Return-on-Tangible-Asset is 2.48. S4E's value of 3.59% is 44.8% above this industry median. Based on the distribution chart, S4E ranks #1043 out of 2502 companies in the Hardware industry, which is above the industry midpoint. Overall, S4E has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S4E's Return-on-Tangible-Asset compare to SNX and ARW?
According to the Hardware industry distribution chart, S4E ranks #1043 out of 2502 companies for Return-on-Tangible-Asset. This puts S4E in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.48. S4E's value of 3.59% is 44.8% above this benchmark. While the company's 10-year median is 0.49 vs. the industry median of 2.48, S4E 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.48, based on 2,502 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. S4E's current Return-on-Tangible-Asset of 3.59% is 44.8% 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 S4E and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S4E's current Return-on-Tangible-Asset is 3.59%, which is 633% above median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S4E stock overvalued right now?
Based on GuruFocus' analysis, S4E (WAR:S4E) is currently considered Modestly Overvalued. The stock's GF Value™ is zł44.48, compared to a current price of zł54.00 — trading 21.4% above its estimated fair value. The current Return-on-Tangible-Asset is 3.59%, which is 633% above median its 10-year median of 0.49 and 44.8% above the Hardware industry median of 2.48. S4E's overall GF Score™ is 78/100 with 6 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 S4E (WAR:S4E), the current Return-on-Tangible-Asset is 3.59% 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 S4E (WAR:S4E) Overvalued in 2026?
Based on GuruFocus' analysis, S4E stock appears to be overvalued.
The current stock price of zł54.00 is trading 21.4% above its estimated GF Value™ of zł44.48.
GuruFocus considers S4E to be Modestly Overvalued.
Key valuation signals for WAR:S4E:
Return-on-Tangible-Asset: 3.59% (633% above median its 10-year median of 0.49)
GF Value™: zł44.48 vs. price of zł54.00 (21.4% above fair value)
Industry Position: 44.8% above the Hardware median (#1043 of 2502)
No single metric tells the full story. See the WAR:S4E stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
S4E SA is a distributor of IT solutions with added value VAD in the area of secure data storage and networking. The company directs its offer to trading partners profile VAR and system integrators. The company offers storage solutions for the collection, storage, preservation, and archiving of data in a digital form, and professional services, including designing, organizing, and conducting the trainings, as well as pre-sales, implementation, after-sales care, and maintenance services.
78GF Score
Get the complete analysis for WAR:S4E
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