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Tonner DronesXPAR:ALTD +0.35% Return-on-Tangible-Asset is 20.74% as of Dec. 2025. The stock has 5 warning signs investors should review. Among 361 Aerospace & Defense companies, Tonner Drones ranks worse than 65.93% 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. Tonner Drones's annualizedNet Income for the quarter that ended in Dec. 2025 was €283.46 Mil. Tonner Drones's average total tangible assets for the quarter that ended in Dec. 2025 was €1,366.79 Mil. Therefore, Tonner Drones's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 20.74%.
The historical rank and industry rank for Tonner Drones's Return-on-Tangible-Asset or its related term are showing as below:
XPAR:ALTD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -112.18 Med: -67.76 Max: 21.48
Current: 0.11
During the past 12 years, Tonner Drones's highest Return-on-Tangible-Asset was 21.48%. The lowest was -112.18%. And the median was -67.76%.
XPAR:ALTD's Return-on-Tangible-Asset is ranked worse than 65.93% of 361
companies
in the Aerospace & Defense industry
Industry Median: 3.05
vs XPAR:ALTD: 0.11
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.
Tonner Drones Return-on-Tangible-Asset Related Terms
Tonner Drones Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tonner Drones'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:ALTD vs SPCX, GE, RTX: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Tonner Drones'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.
Tonner Drones Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Tonner Drones's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tonner Drones'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 20.74% mean?
Tonner Drones (XPAR:ALTD) has a Return-on-Tangible-Asset of 20.74% 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 Tonner Drones and its competitors. According to the industry distribution chart, Tonner Drones ranks #238 out of 361 companies in the Aerospace & Defense industry, placing it in the top 65.9%.
Is Tonner Drones' Return-on-Tangible-Asset too high?
Tonner Drones' current Return-on-Tangible-Asset is 20.74%. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.05. Tonner Drones' value of 20.74% is 580% above this industry median. Based on the distribution chart, Tonner Drones ranks #238 out of 361 companies in the Aerospace & Defense industry, which is below the industry midpoint.
How does Tonner Drones' Return-on-Tangible-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Tonner Drones ranks #238 out of 361 companies for Return-on-Tangible-Asset. This places Tonner Drones in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.05. Tonner Drones' value of 20.74% is 580% 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 an Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.05, based on 361 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. Tonner Drones's current Return-on-Tangible-Asset of 20.74% is 580% 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 Tonner Drones and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tonner Drones's current Return-on-Tangible-Asset is 20.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tonner Drones stock overvalued right now?
Tonner Drones (XPAR:ALTD) has a current Return-on-Tangible-Asset of 20.74%. The current Return-on-Tangible-Asset is 20.74% and 580% above the Aerospace & Defense industry median of 3.05. 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 Tonner Drones (XPAR:ALTD), the current Return-on-Tangible-Asset is 20.74% 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.
Tonner Drones SA is engaged in the developing and marketing of security and surveillance solutions intended for the military field as well as private and public security: the ISS SPOTTER Wired captive surveillance drone, the automatic drone for surveillance of sensitive sites ISS SPOTTER Automatic or even trailers SPOTTER BOT mobile video security systems.
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