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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. Icape Holding's annualizedNet Income for the quarter that ended in Dec. 2025 was €-2.9 Mil. Icape Holding's average total tangible assets for the quarter that ended in Dec. 2025 was €93.3 Mil. Therefore, Icape Holding's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -3.13%.
The historical rank and industry rank for Icape Holding's Return-on-Tangible-Asset or its related term are showing as below:
XPAR:ALICA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.39 Med: 2.89 Max: 5.27
Current: -0.38
During the past 8 years, Icape Holding's highest Return-on-Tangible-Asset was 5.27%. The lowest was -0.39%. And the median was 2.89%.
XPAR:ALICA's Return-on-Tangible-Asset is ranked worse than 66.92% of 2500
companies
in the Hardware industry
Industry Median: 2.455
vs XPAR:ALICA: -0.38
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.
Icape Holding Return-on-Tangible-Asset Related Terms
Icape Holding Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Icape Holding'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.
XPAR:ALICA vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Icape Holding'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.
Icape Holding Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Icape Holding's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Icape Holding'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 -3.13% mean?
Icape Holding (XPAR:ALICA) has a Return-on-Tangible-Asset of -3.13% 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 Icape Holding and its competitors. According to the industry distribution chart, Icape Holding ranks #1673 out of 2500 companies in the Hardware industry, placing it in the top 66.9%.
Is Icape Holding's Return-on-Tangible-Asset too high?
Icape Holding's current Return-on-Tangible-Asset is -3.13%. Based on the distribution chart, Icape Holding ranks #1673 out of 2500 companies in the Hardware industry, which is below the industry midpoint. Overall, Icape Holding has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Icape Holding's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Icape Holding ranks #1673 out of 2500 companies for Return-on-Tangible-Asset. This places Icape Holding in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.46. 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.46, based on 2,500 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 Icape Holding and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icape Holding's current Return-on-Tangible-Asset is -3.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icape Holding stock overvalued right now?
Based on GuruFocus' analysis, Icape Holding (XPAR:ALICA) is currently considered Modestly Undervalued. The stock's GF Value™ is €11.23, compared to a current price of €8.26 — trading 26.4% below its estimated fair value. The current Return-on-Tangible-Asset is -3.13%. Icape Holding's overall GF Score™ is 83/100 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 Icape Holding (XPAR:ALICA), the current Return-on-Tangible-Asset is -3.13% 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 Icape Holding (XPAR:ALICA) Overvalued in 2026?
Based on GuruFocus' analysis, Icape Holding stock appears to be undervalued.
The current stock price of €8.26 is trading 26.4% below its estimated GF Value™ of €11.23.
GuruFocus considers Icape Holding to be Modestly Undervalued.
Key valuation signals for XPAR:ALICA:
Return-on-Tangible-Asset: -3.13%
GF Value™: €11.23 vs. price of €8.26 (26.4% below fair value)
No single metric tells the full story. See the XPAR:ALICA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Icape Holding SA is engaged in the distribution, trade, and production of printed circuit boards (PCB), which are essential components used across the electronics industry, including the business, telecommunications, automotive, connected objects, home automation, e-mobility, medical, power, multimedia, and IT industries. Its segemnts are: It operates through the Trade in printed circuit boards (PCB) - Americas; Trade and production of printed circuit boards (PCB); Trade and production of printed circuit boards (PCB) - Central Europe; Trade in printed circuit boards (PCB) - Asia and the Rest of the World, which generates maximum revenue; Trade and production of technical parts (Tech Parts) - Europe; and Trade and production of technical parts (Tech Parts) - Rest of the World.
83GF Score
Get the complete analysis for XPAR:ALICA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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