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. Worthington Steel's annualizedNet Income for the quarter that ended in May. 2026 was $-195 Mil. Worthington Steel's average total tangible assets for the quarter that ended in May. 2026 was $2,135 Mil. Therefore, Worthington Steel's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 was -9.13%.
The historical rank and industry rank for Worthington Steel's Return-on-Tangible-Asset or its related term are showing as below:
WS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.86 Med: 7.81 Max: 12.87
Current: 0.86
During the past 6 years, Worthington Steel's highest Return-on-Tangible-Asset was 12.87%. The lowest was 0.86%. And the median was 7.81%.
WS's Return-on-Tangible-Asset is ranked worse than 58.83% of 634
companies
in the Steel industry
Industry Median: 1.97
vs WS: 0.86
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.
Worthington Steel Return-on-Tangible-Asset Related Terms
Worthington Steel Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Worthington Steel'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.
WS vs NWPX, MTUS, MSB: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Worthington Steel'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.
Worthington Steel Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Worthington Steel's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Worthington Steel'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 (May. 2026) net income data.
What does a Return-on-Tangible-Asset of -9.13% mean?
Worthington Steel (WS) has a Return-on-Tangible-Asset of -9.13% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Worthington Steel and its competitors. Over the past decade, Worthington Steel's Return-on-Tangible-Asset has ranged from 0.86 to 12.87. According to the industry distribution chart, Worthington Steel ranks #373 out of 634 companies in the Steel industry, placing it in the top 58.8%.
Is Worthington Steel's Return-on-Tangible-Asset too high?
Worthington Steel's current Return-on-Tangible-Asset is -9.13%. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 12.87. Based on the distribution chart, Worthington Steel ranks #373 out of 634 companies in the Steel industry, which is below the industry midpoint. Overall, Worthington Steel has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Worthington Steel's Return-on-Tangible-Asset compare to NWPX and MTUS?
According to the Steel industry distribution chart, Worthington Steel ranks #373 out of 634 companies for Return-on-Tangible-Asset. This places Worthington Steel in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.97. Historically, Worthington Steel's own Return-on-Tangible-Asset has ranged from 0.86 to 12.87 over the past decade. 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 634 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. 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 Worthington Steel 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. Worthington Steel's current Return-on-Tangible-Asset is -9.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Worthington Steel stock overvalued right now?
Based on GuruFocus' analysis, Worthington Steel (WS) is currently considered Fairly Valued. The stock's GF Value™ is $33.77, compared to a current price of $32.02 — trading 5.2% below its estimated fair value. The current Return-on-Tangible-Asset is -9.13%. Worthington Steel's overall GF Score™ is 54/100 with 10 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 Worthington Steel (WS), the current Return-on-Tangible-Asset is -9.13% as of May. 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 Worthington Steel (WS) Overvalued in 2026?
Based on GuruFocus' analysis, Worthington Steel stock appears to be undervalued.
The current stock price of $32.02 is trading 5.2% below its estimated GF Value™ of $33.77.
GuruFocus considers Worthington Steel to be Fairly Valued.
Key valuation signals for WS:
Return-on-Tangible-Asset: -9.13%
GF Value™: $33.77 vs. price of $32.02 (5.2% below fair value)
No single metric tells the full story. See the WS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Worthington Steel Inc is a processor of carbon flat-rolled steel, a producer of laser-welded solutions, and a provider of electrical steel laminations. The company has manufacturing facilities across the United States, Canada, China, India, Germany and Mexico. It buys coils of steel from primary steel producers and processes them to precise type, thickness, length, width, shape, and surface quality required by customer specifications. The company's product lines and processing capabilities include; carbon flat-rolled steel processing, electrical steel laminations, and tailor welded products. Geographically, the company generates a majority of its revenue from the United States followed by Canada, Mexico, and other regions.
54GF Score
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