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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. Jamaica Stock Exchange's annualizedNet Income for the quarter that ended in Dec. 2023 was JMD416 Mil. Jamaica Stock Exchange's average total tangible assets for the quarter that ended in Dec. 2023 was JMD2,614 Mil. Therefore, Jamaica Stock Exchange's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 15.92%.
The historical rank and industry rank for Jamaica Stock Exchange's Return-on-Tangible-Asset or its related term are showing as below:
XJAM:JSE's Return-on-Tangible-Asset is not ranked *
in the Capital Markets industry.
Industry Median: 1.57 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
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.
Jamaica Stock Exchange Return-on-Tangible-Asset Related Terms
Jamaica Stock Exchange Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Jamaica Stock Exchange'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.
XJAM:JSE vs SPGI, ICE, CME: Return-on-Tangible-Asset Comparison
For the Financial Data & Stock Exchanges subindustry, Jamaica Stock Exchange'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.
Jamaica Stock Exchange Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Jamaica Stock Exchange's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Jamaica Stock Exchange'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 one times the annual (Dec. 2023) net income data.
What does a Return-on-Tangible-Asset of 15.92% mean?
Jamaica Stock Exchange (XJAM:JSE) has a Return-on-Tangible-Asset of 15.92% as of Dec. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Jamaica Stock Exchange and its competitors.
Is Jamaica Stock Exchange's Return-on-Tangible-Asset too high?
Jamaica Stock Exchange's current Return-on-Tangible-Asset is 15.92%. The Capital Markets industry median Return-on-Tangible-Asset is 1.57. Jamaica Stock Exchange's value of 15.92% is 914% above this industry median. Overall, Jamaica Stock Exchange has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Jamaica Stock Exchange's Return-on-Tangible-Asset compare to SPGI and ICE?
Jamaica Stock Exchange's Return-on-Tangible-Asset of 15.92% can be compared against companies in the Capital Markets industry. The industry median Return-on-Tangible-Asset is 1.57. Jamaica Stock Exchange's value of 15.92% is 914% 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.57, based on 814 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. Jamaica Stock Exchange's current Return-on-Tangible-Asset of 15.92% is 914% 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 Jamaica Stock Exchange and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jamaica Stock Exchange's current Return-on-Tangible-Asset is 15.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jamaica Stock Exchange stock overvalued right now?
Jamaica Stock Exchange (XJAM:JSE) has a current Return-on-Tangible-Asset of 15.92%. The current Return-on-Tangible-Asset is 15.92% and 914% above the Capital Markets industry median of 1.57. Jamaica Stock Exchange's overall GF Score™ is 22/100. 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 Jamaica Stock Exchange (XJAM:JSE), the current Return-on-Tangible-Asset is 15.92% as of Dec. 2023. 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.
Jamaica Stock Exchange Ltd operates and regulates a stock exchange and develops a stock market in Jamaica. Through its subsidiary, the company is also establishing and maintaining a Central Securities Depository in Jamaica to facilitate the transfer of ownership of securities. Its operating segments are Exchange operations; JCSD services; Investments; and Trustee, custodian, company management, and other activities. It derives a portion of the revenue from the Exchange operations involving the Stock exchange's operation and regulation. Another critical revenue source is from JCSD services provided in connection with transferring and holding securities, shares, stocks, bonds, debentures, and registrar services. The firm's operations are in Jamaica.
22GF Score
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