Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) Return-on-Tangible-Asset: 1.73% (As of Mar. 2026) — 52% Below Median

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:ZAP Grupa Azoty Zaklady Azotowe Pulawy SA WAR:ZAP
66 GF Score
Price zł48.30
GF Value zł47.68
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Grupa Azoty Zaklady Azotowe Pulawy Return-on-Tangible-Asset?

Grupa Azoty Zaklady Azotowe Pulawy WAR:ZAP 66 Return-on-Tangible-Asset is 1.73% as of Mar. 2026, which is 52% below its 10-year median of 3.64. GuruFocus rates WAR:ZAP with a GF Score™ of 66/100 and a GF Value™ of zł47.68 (Fairly Valued). The stock has 3 warning signs investors should review. Among 259 Agriculture companies, Grupa Azoty Zaklady Azotowe Pulawy ranks worse than 81.08% 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. Grupa Azoty Zaklady Azotowe Pulawy's annualized Net Income for the quarter that ended in Mar. 2026 was zł109 Mil. Grupa Azoty Zaklady Azotowe Pulawy's average total tangible assets for the quarter that ended in Mar. 2026 was zł6,331 Mil. Therefore, Grupa Azoty Zaklady Azotowe Pulawy's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.73%.

The historical rank and industry rank for Grupa Azoty Zaklady Azotowe Pulawy's Return-on-Tangible-Asset or its related term are showing as below:

WAR:ZAP' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.78   Med: 3.64   Max: 7
Current: -3.74

During the past 13 years, Grupa Azoty Zaklady Azotowe Pulawy's highest Return-on-Tangible-Asset was 7.00%. The lowest was -8.78%. And the median was 3.64%.

WAR:ZAP's Return-on-Tangible-Asset is ranked worse than
81.08% of 259 companies
in the Agriculture industry
Industry Median: 3.5 vs WAR:ZAP: -3.74

Grupa Azoty Zaklady Azotowe Pulawy  (WAR:ZAP) 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.


Grupa Azoty Zaklady Azotowe Pulawy Return-on-Tangible-Asset Related Terms


Grupa Azoty Zaklady Azotowe Pulawy Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Grupa Azoty Zaklady Azotowe Pulawy'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.

Grupa Azoty Zaklady Azotowe Pulawy Return-on-Tangible-Asset Chart

Grupa Azoty Zaklady Azotowe Pulawy 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 3.29 3.99 -8.78 -5.52 -5.74

Grupa Azoty Zaklady Azotowe Pulawy 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 -5.22 -7.00 -1.16 -8.72 1.73

WAR:ZAP vs CTVA, CF, MOS: Return-on-Tangible-Asset Comparison

For the Agricultural Inputs subindustry, Grupa Azoty Zaklady Azotowe Pulawy'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.


Grupa Azoty Zaklady Azotowe Pulawy Return-on-Tangible-Asset vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Grupa Azoty Zaklady Azotowe Pulawy's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Grupa Azoty Zaklady Azotowe Pulawy's Return-on-Tangible-Asset falls into.


WAR:ZAP
66GF Score
Grupa Azoty Zaklady Azotowe Pulawy SA WAR:ZAP
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupa Azoty Zaklady Azotowe Pulawy Return-on-Tangible-Asset Calculation

Grupa Azoty Zaklady Azotowe Pulawy'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 )
=-358.043/( (6500.067+5979.77)/ 2 )
=-358.043/6239.9185
=-5.74 %

Grupa Azoty Zaklady Azotowe Pulawy'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 )
=109.248/( (5979.77+6682.159)/ 2 )
=109.248/6330.9645
=1.73 %

* 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 1.73% mean?
Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) has a Return-on-Tangible-Asset of 1.73% 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 Grupa Azoty Zaklady Azotowe Pulawy and its competitors. This is 52% below median its historical median of 3.64. According to the industry distribution chart, Grupa Azoty Zaklady Azotowe Pulawy ranks #210 out of 259 companies in the Agriculture industry, placing it in the top 81.1%.
Is Grupa Azoty Zaklady Azotowe Pulawy's Return-on-Tangible-Asset too high?
Grupa Azoty Zaklady Azotowe Pulawy's current Return-on-Tangible-Asset of 1.73% is 52% below median its 10-year median of 3.64. The Agriculture industry median Return-on-Tangible-Asset is 3.50. Grupa Azoty Zaklady Azotowe Pulawy's value of 1.73% is 50.6% below this industry median. Based on the distribution chart, Grupa Azoty Zaklady Azotowe Pulawy ranks #210 out of 259 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, Grupa Azoty Zaklady Azotowe Pulawy has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grupa Azoty Zaklady Azotowe Pulawy's Return-on-Tangible-Asset compare to CTVA and CF?
According to the Agriculture industry distribution chart, Grupa Azoty Zaklady Azotowe Pulawy ranks #210 out of 259 companies for Return-on-Tangible-Asset. This places Grupa Azoty Zaklady Azotowe Pulawy in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.50. Grupa Azoty Zaklady Azotowe Pulawy's value of 1.73% is 50.6% below this benchmark. While the company's 10-year median is 3.64 vs. the industry median of 3.50, Grupa Azoty Zaklady Azotowe Pulawy has consistently been below 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 an Agriculture company?
The median Return-on-Tangible-Asset among Agriculture companies is 3.50, based on 259 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. Grupa Azoty Zaklady Azotowe Pulawy's current Return-on-Tangible-Asset of 1.73% is 50.6% below 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 Grupa Azoty Zaklady Azotowe Pulawy and its competitors. For the Agriculture industry, the median Return-on-Tangible-Asset is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupa Azoty Zaklady Azotowe Pulawy's current Return-on-Tangible-Asset is 1.73%, which is 52% below median its own 10-year median of 3.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupa Azoty Zaklady Azotowe Pulawy stock overvalued right now?
Based on GuruFocus' analysis, Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) is currently considered Fairly Valued. The stock's GF Value™ is zł47.68, compared to a current price of zł48.30 — trading 1.3% above its estimated fair value. The current Return-on-Tangible-Asset is 1.73%, which is 52% below median its 10-year median of 3.64 and 50.6% below the Agriculture industry median of 3.50. Grupa Azoty Zaklady Azotowe Pulawy's overall GF Score™ is 66/100 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 Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP), the current Return-on-Tangible-Asset is 1.73% 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 Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) Overvalued in 2026?

Based on GuruFocus' analysis, Grupa Azoty Zaklady Azotowe Pulawy stock appears to be overvalued. The current stock price of zł48.30 is trading 1.3% above its estimated GF Value™ of zł47.68. GuruFocus considers Grupa Azoty Zaklady Azotowe Pulawy to be Fairly Valued.

Key valuation signals for WAR:ZAP:

  • Return-on-Tangible-Asset: 1.73% (52% below median its 10-year median of 3.64)
  • GF Value™: zł47.68 vs. price of zł48.30 (1.3% above fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 50.6% below the Agriculture median (#210 of 259)

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


Grupa Azoty Zaklady Azotowe Pulawy Business Description

Address Al. Tysiaclecia Panstwa Polskiego 13, Pulawy, POL, 24-110
Grupa Azoty Zaklady Azotowe Pulawy SA is a manufacturer and supplier of mineral fertilizers, basic chemicals and also involved in the procurement of raw materials and consumables. The company's segment includes Agro; Plastics; Energy and Other Activities. It generates maximum revenue from the Agro segment. The Agro Segment comprises the manufacturing of ammonia and products derived from the processing of ammonia, in particular urea and its solutions, including urea-ammonium nitrate solution, melamine, nitric acid, ammonium nitrate, technical gases, hydrogen peroxide, as well as phosphorus, potassium and blended fertilizers.
66GF Score

Get the complete analysis for WAR:ZAP

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

zł48.30
Price
zł47.68
GF Value