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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. Messer Tehnogas a.d's annualizedNet Income for the quarter that ended in Dec. 2025 was RSD5,317 Mil. Messer Tehnogas a.d's average total tangible assets for the quarter that ended in Dec. 2025 was RSD39,553 Mil. Therefore, Messer Tehnogas a.d's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 13.44%.
The historical rank and industry rank for Messer Tehnogas a.d's Return-on-Tangible-Asset or its related term are showing as below:
XBEL:TGAS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.82 Med: 11.09 Max: 14.22
Current: 13.02
During the past 13 years, Messer Tehnogas a.d's highest Return-on-Tangible-Asset was 14.22%. The lowest was 7.82%. And the median was 11.09%.
XBEL:TGAS's Return-on-Tangible-Asset is ranked better than 92.49% of 1611
companies
in the Chemicals industry
Industry Median: 3.07
vs XBEL:TGAS: 13.02
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.
Messer Tehnogas a.d Return-on-Tangible-Asset Related Terms
Messer Tehnogas a.d Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Messer Tehnogas a.d'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.
XBEL:TGAS vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Messer Tehnogas a.d'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.
Messer Tehnogas a.d Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Messer Tehnogas a.d's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Messer Tehnogas a.d'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 13.44% mean?
Messer Tehnogas a.d (XBEL:TGAS) has a Return-on-Tangible-Asset of 13.44% 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 Messer Tehnogas a.d and its competitors. This is 21% above median its historical median of 11.09. Over the past decade, Messer Tehnogas a.d's Return-on-Tangible-Asset has ranged from 7.82 to 14.22. According to the industry distribution chart, Messer Tehnogas a.d ranks #121 out of 1611 companies in the Chemicals industry, placing it in the top 7.5%.
Is Messer Tehnogas a.d's Return-on-Tangible-Asset too high?
Messer Tehnogas a.d's current Return-on-Tangible-Asset of 13.44% is 21% above median its 10-year median of 11.09. Over the past 10 years, this metric has ranged from a low of 7.82 to a high of 14.22. The Chemicals industry median Return-on-Tangible-Asset is 3.07. Messer Tehnogas a.d's value of 13.44% is 337.8% above this industry median. Based on the distribution chart, Messer Tehnogas a.d ranks #121 out of 1611 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Messer Tehnogas a.d has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Messer Tehnogas a.d's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Messer Tehnogas a.d ranks #121 out of 1611 companies for Return-on-Tangible-Asset. This places Messer Tehnogas a.d in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.07. Messer Tehnogas a.d's value of 13.44% is 337.8% above this benchmark. Historically, Messer Tehnogas a.d's own Return-on-Tangible-Asset has ranged from 7.82 to 14.22 over the past decade. While the company's 10-year median is 11.09 vs. the industry median of 3.07, Messer Tehnogas a.d 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.07, based on 1,611 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. Messer Tehnogas a.d's current Return-on-Tangible-Asset of 13.44% is 337.8% 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 Messer Tehnogas a.d and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Messer Tehnogas a.d's current Return-on-Tangible-Asset is 13.44%, which is 21% above median its own 10-year median of 11.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Messer Tehnogas a.d stock overvalued right now?
Based on GuruFocus' analysis, Messer Tehnogas a.d (XBEL:TGAS) is currently considered Fairly Valued. The stock's GF Value™ is RSD29,021.81, compared to a current price of RSD31,000.00 — trading 6.8% above its estimated fair value. The current Return-on-Tangible-Asset is 13.44%, which is 21% above median its 10-year median of 11.09 and 337.8% above the Chemicals industry median of 3.07. Messer Tehnogas a.d's overall GF Score™ is 100/100 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 Messer Tehnogas a.d (XBEL:TGAS), the current Return-on-Tangible-Asset is 13.44% 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 Messer Tehnogas a.d (XBEL:TGAS) Overvalued in 2026?
Based on GuruFocus' analysis, Messer Tehnogas a.d stock appears to be overvalued.
The current stock price of RSD31,000.00 is trading 6.8% above its estimated GF Value™ of RSD29,021.81.
GuruFocus considers Messer Tehnogas a.d to be Fairly Valued.
Key valuation signals for XBEL:TGAS:
Return-on-Tangible-Asset: 13.44% (21% above median its 10-year median of 11.09)
GF Value™: RSD29,021.81 vs. price of RSD31,000.00 (6.8% above fair value)
Industry Position: 337.8% above the Chemicals median (#121 of 1611)
No single metric tells the full story. See the XBEL:TGAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Messer Tehnogas a.d. is engaged in the production and marketing of industrial and medical gases. The company serves steel and metal, metallurgy, chemical and petrochemical, food and beverage, pharmaceutical, automobile, electronics, medicine, home care, cutting and welding, water treatment and ecology and scientific research industry. Its products include oxygen, azot, argon, hydrogen, helium, home care, special gases, distribution line, HFC refrigerant fluids, natural cooling fluids, and other gases.
100GF Score
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