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UnileverWBO:ULVR 73 Return-on-Tangible-Asset is 32.35% as of Dec. 2025, which is 73% above its 10-year median of 18.71. GuruFocus rates WBO:ULVR with a GF Score™ of 73/100 and a GF Value™ of €52.26. The stock has 2 warning signs investors should review. Among 1,994 Consumer Packaged Goods companies, Unilever ranks better than 97.49% 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. Unilever's annualizedNet Income for the quarter that ended in Dec. 2025 was €11,914 Mil. Unilever's average total tangible assets for the quarter that ended in Dec. 2025 was €36,833 Mil. Therefore, Unilever's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 32.35%.
The historical rank and industry rank for Unilever's Return-on-Tangible-Asset or its related term are showing as below:
WBO:ULVR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 15.1 Med: 18.71 Max: 29.77
Current: 25.7
During the past 13 years, Unilever's highest Return-on-Tangible-Asset was 29.77%. The lowest was 15.10%. And the median was 18.71%.
WBO:ULVR's Return-on-Tangible-Asset is ranked better than 97.49% of 1994
companies
in the Consumer Packaged Goods industry
Industry Median: 3.47
vs WBO:ULVR: 25.70
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.
Unilever Return-on-Tangible-Asset Related Terms
Unilever Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Unilever'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:ULVR vs PG, CL, KVUE: Return-on-Tangible-Asset Comparison
For the Household & Personal Products subindustry, Unilever'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.
Unilever Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Unilever's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Unilever'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 32.35% mean?
Unilever (WBO:ULVR) has a Return-on-Tangible-Asset of 32.35% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Unilever and its competitors. This is 73% above median its historical median of 18.71. Over the past decade, Unilever's Return-on-Tangible-Asset has ranged from 15.10 to 29.77. According to the industry distribution chart, Unilever ranks #50 out of 1994 companies in the Consumer Packaged Goods industry, placing it in the top 2.5%.
Is Unilever's Return-on-Tangible-Asset too high?
Unilever's current Return-on-Tangible-Asset of 32.35% is 73% above median its 10-year median of 18.71. Over the past 10 years, this metric has ranged from a low of 15.10 to a high of 29.77. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.47. Unilever's value of 32.35% is 832.3% above this industry median. Based on the distribution chart, Unilever ranks #50 out of 1994 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Unilever has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Unilever's Return-on-Tangible-Asset compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Unilever ranks #50 out of 1994 companies for Return-on-Tangible-Asset. This places Unilever in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.47. Unilever's value of 32.35% is 832.3% above this benchmark. Historically, Unilever's own Return-on-Tangible-Asset has ranged from 15.10 to 29.77 over the past decade. While the company's 10-year median is 18.71 vs. the industry median of 3.47, Unilever 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 3.47, 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. Unilever's current Return-on-Tangible-Asset of 32.35% is 832.3% 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 Unilever and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unilever's current Return-on-Tangible-Asset is 32.35%, which is 73% above median its own 10-year median of 18.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unilever stock overvalued right now?
Unilever (WBO:ULVR) has a current Return-on-Tangible-Asset of 32.35%. The stock's GF Value™ is €52.26, compared to a current price of €54.08 — trading 3.5% above its estimated fair value. The current Return-on-Tangible-Asset is 32.35%, which is 73% above median its 10-year median of 18.71 and 832.3% above the Consumer Packaged Goods industry median of 3.47. Unilever's overall GF Score™ is 73/100 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 Unilever (WBO:ULVR), the current Return-on-Tangible-Asset is 32.35% as of Dec. 2025. 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 Unilever (WBO:ULVR) Overvalued in 2026?
Based on GuruFocus' analysis, Unilever stock appears to be overvalued.
The current stock price of €54.08 is trading 3.5% above its estimated GF Value™ of €52.26.
Key valuation signals for WBO:ULVR:
Return-on-Tangible-Asset: 32.35% (73% above median its 10-year median of 18.71)
GF Value™: €52.26 vs. price of €54.08 (3.5% above fair value)
Industry Position: 832.3% above the Consumer Packaged Goods median (#50 of 1994)
No single metric tells the full story. See the WBO:ULVR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Unilever is a diversified beauty, wellbeing, and personal care (51% of 2025 sales by value), homecare (23%), and packaged food (26%) company. Its brands include Dove personal-care products, Knorr soups and sauces, Hellmann's mayonnaise, Axe and Rexona deodorants, and TRESemmé haircare. The firm has been acquisitive in recent years; notable purchases include Paula's Choice, Liquid I.V., Horlicks, and Wild deodorants. The company derives 58% of its sales from emerging markets and 42% from developed markets. The US is its largest market, accounting for around 20% of sales, followed by India, which accounts for 11% of sales.
73GF Score
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