AperamWBO:APAM -4.35%81 Return-on-Tangible-Asset is 0.23% as of Mar. 2026, which is 96% below its 10-year median of 5.17. GuruFocus rates WBO:APAM with a GF Score™ of 81/100 and a GF Value™ of €26.63. The stock has 7 warning signs investors should review. Among 633 Steel companies, Aperam ranks worse than 61.45% 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. Aperam's annualizedNet Income for the quarter that ended in Mar. 2026 was €12 Mil. Aperam's average total tangible assets for the quarter that ended in Mar. 2026 was €5,225 Mil. Therefore, Aperam's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.23%.
The historical rank and industry rank for Aperam's Return-on-Tangible-Asset or its related term are showing as below:
WBO:APAM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.16 Med: 5.17 Max: 21.48
Current: 0.6
During the past 13 years, Aperam's highest Return-on-Tangible-Asset was 21.48%. The lowest was 0.16%. And the median was 5.17%.
WBO:APAM's Return-on-Tangible-Asset is ranked worse than 61.45% of 633
companies
in the Steel industry
Industry Median: 1.97
vs WBO:APAM: 0.60
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.
Aperam Return-on-Tangible-Asset Related Terms
Aperam Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Aperam'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.
WBO:APAM vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Aperam'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.
Aperam Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Aperam's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aperam'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 0.23% mean?
Aperam (WBO:APAM) has a Return-on-Tangible-Asset of 0.23% 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 Aperam and its competitors. This is 96% below median its historical median of 5.17. Over the past decade, Aperam's Return-on-Tangible-Asset has ranged from 0.16 to 21.48. According to the industry distribution chart, Aperam ranks #389 out of 633 companies in the Steel industry, placing it in the top 61.5%.
Is Aperam's Return-on-Tangible-Asset too high?
Aperam's current Return-on-Tangible-Asset of 0.23% is 96% below median its 10-year median of 5.17. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 21.48. The Steel industry median Return-on-Tangible-Asset is 1.97. Aperam's value of 0.23% is 88.3% below this industry median. Based on the distribution chart, Aperam ranks #389 out of 633 companies in the Steel industry, which is below the industry midpoint. Overall, Aperam has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Aperam's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Aperam ranks #389 out of 633 companies for Return-on-Tangible-Asset. This places Aperam in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.97. Aperam's value of 0.23% is 88.3% below this benchmark. Historically, Aperam's own Return-on-Tangible-Asset has ranged from 0.16 to 21.48 over the past decade. While the company's 10-year median is 5.17 vs. the industry median of 1.97, Aperam 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 a Steel company?
The median Return-on-Tangible-Asset among Steel companies is 1.97, based on 633 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. Aperam's current Return-on-Tangible-Asset of 0.23% is 88.3% 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 Aperam and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aperam's current Return-on-Tangible-Asset is 0.23%, which is 96% below median its own 10-year median of 5.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aperam stock overvalued right now?
Aperam (WBO:APAM) has a current Return-on-Tangible-Asset of 0.23%. The stock's GF Value™ is €26.63, compared to a current price of €43.52 — trading 63.4% above its estimated fair value. The current Return-on-Tangible-Asset is 0.23%, which is 96% below median its 10-year median of 5.17 and 88.3% below the Steel industry median of 1.97. Aperam's overall GF Score™ is 81/100 with 7 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 Aperam (WBO:APAM), the current Return-on-Tangible-Asset is 0.23% 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 Aperam (WBO:APAM) Overvalued in 2026?
Based on GuruFocus' analysis, Aperam stock appears to be overvalued.
The current stock price of €43.52 is trading 63.4% above its estimated GF Value™ of €26.63.
Key valuation signals for WBO:APAM:
Return-on-Tangible-Asset: 0.23% (96% below median its 10-year median of 5.17)
GF Value™: €26.63 vs. price of €43.52 (63.4% above fair value)
Industry Position: 88.3% below the Steel median (#389 of 633)
No single metric tells the full story. See the WBO:APAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aperam SA is a Luxembourg-based stainless and specialty steel producer. The company operates through four segments. Its Stainless and Electrical Steel segment, which generates the majority of revenue, produces a wide range of stainless and electrical steel products for diverse industries. The Services and Solutions segment markets the company's products and provides customized steel transformation services; the Alloys and Specialties segment produces nickel alloys and certain specific stainless steels; and the Recycling & Renewables segment collects, trades, processes, and recycles stainless steel scrap and high-performance alloys. Geographically, the company generates maximum revenue from Europe, and the rest from the Americas, Asia, and Africa.
81GF Score
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