Waystar HoldingWAY -4.58%14 Return-on-Tangible-Asset is 33.25% as of Mar. 2026. GuruFocus rates WAY with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 681 Healthcare Providers & Services companies, Waystar Holding ranks better than 95.01% 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. Waystar Holding's annualizedNet Income for the quarter that ended in Mar. 2026 was $173 Mil. Waystar Holding's average total tangible assets for the quarter that ended in Mar. 2026 was $521 Mil. Therefore, Waystar Holding's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 33.25%.
The historical rank and industry rank for Waystar Holding's Return-on-Tangible-Asset or its related term are showing as below:
WAY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.27 Med: -14.17 Max: 22.57
Current: 20.5
During the past 5 years, Waystar Holding's highest Return-on-Tangible-Asset was 22.57%. The lowest was -17.27%. And the median was -14.17%.
WAY's Return-on-Tangible-Asset is ranked better than 95.01% of 681
companies
in the Healthcare Providers & Services industry
Industry Median: 2.43
vs WAY: 20.50
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.
Waystar Holding Return-on-Tangible-Asset Related Terms
Waystar Holding Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Waystar Holding'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.
WAY vs DOCS, PRVA, HTFL: Return-on-Tangible-Asset Comparison
For the Health Information Services subindustry, Waystar Holding'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.
Waystar Holding Return-on-Tangible-Asset vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Waystar Holding's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Waystar Holding'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 33.25% mean?
Waystar Holding (WAY) has a Return-on-Tangible-Asset of 33.25% 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 Waystar Holding and its competitors. According to the industry distribution chart, Waystar Holding ranks #34 out of 681 companies in the Healthcare Providers & Services industry, placing it in the top 5%.
Is Waystar Holding's Return-on-Tangible-Asset too high?
Waystar Holding's current Return-on-Tangible-Asset is 33.25%. The Healthcare Providers & Services industry median Return-on-Tangible-Asset is 2.43. Waystar Holding's value of 33.25% is 1268.3% above this industry median. Based on the distribution chart, Waystar Holding ranks #34 out of 681 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Waystar Holding has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Waystar Holding's Return-on-Tangible-Asset compare to DOCS and PRVA?
According to the Healthcare Providers & Services industry distribution chart, Waystar Holding ranks #34 out of 681 companies for Return-on-Tangible-Asset. This places Waystar Holding in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.43. Waystar Holding's value of 33.25% is 1268.3% 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Asset among Healthcare Providers & Services companies is 2.43, based on 681 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. Waystar Holding's current Return-on-Tangible-Asset of 33.25% is 1268.3% 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 Waystar Holding and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Asset is 2.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waystar Holding's current Return-on-Tangible-Asset is 33.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waystar Holding stock overvalued right now?
Waystar Holding (WAY) has a current Return-on-Tangible-Asset of 33.25%. The current Return-on-Tangible-Asset is 33.25% and 1268.3% above the Healthcare Providers & Services industry median of 2.43. Waystar Holding's overall GF Score™ is 14/100 with 2 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 Waystar Holding (WAY), the current Return-on-Tangible-Asset is 33.25% 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.
Waystar Holding Corp is a provider of mission-critical cloud technology to healthcare organizations. Its enterprise-grade platform transforms the complex and disparate processes comprising healthcare payments received by healthcare providers from payers and patients, from pre-service engagement through post-service remittance and reconciliation. its platform enhances data integrity, eliminates manual tasks, and improves claim and billing accuracy, which results in transparency, reduced labor costs, and faster, more accurate reimbursement and cash flow. The market for solutions extends throughout the United States and includes Puerto Rico and other USA Territories.
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