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FirstcautionXPAR:MLFIR 84 Return-on-Tangible-Asset is 3.61% as of Dec. 2025, which is 22% above its 10-year median of 2.96. GuruFocus rates XPAR:MLFIR with a GF Score™ of 84/100 and a GF Value™ of €52.08 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 506 Insurance companies, Firstcaution ranks better than 62.06% 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. Firstcaution's annualizedNet Income for the quarter that ended in Dec. 2025 was €2.46 Mil. Firstcaution's average total tangible assets for the quarter that ended in Dec. 2025 was €68.10 Mil. Therefore, Firstcaution's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.61%.
The historical rank and industry rank for Firstcaution's Return-on-Tangible-Asset or its related term are showing as below:
XPAR:MLFIR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.24 Med: 2.96 Max: 7
Current: 3.61
During the past 10 years, Firstcaution's highest Return-on-Tangible-Asset was 7.00%. The lowest was -1.24%. And the median was 2.96%.
XPAR:MLFIR's Return-on-Tangible-Asset is ranked better than 62.06% of 506
companies
in the Insurance industry
Industry Median: 2.71
vs XPAR:MLFIR: 3.61
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.
Firstcaution Return-on-Tangible-Asset Related Terms
Firstcaution Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Firstcaution'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:MLFIR vs MRSH, AON, AJG: Return-on-Tangible-Asset Comparison
For the Insurance Brokers subindustry, Firstcaution'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.
Firstcaution Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Firstcaution's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Firstcaution'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. 2025) net income data.
What does a Return-on-Tangible-Asset of 3.61% mean?
Firstcaution (XPAR:MLFIR) has a Return-on-Tangible-Asset of 3.61% 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 Firstcaution and its competitors. This is 22% above median its historical median of 2.96. According to the industry distribution chart, Firstcaution ranks #192 out of 506 companies in the Insurance industry, placing it in the top 37.9%.
Is Firstcaution's Return-on-Tangible-Asset too high?
Firstcaution's current Return-on-Tangible-Asset of 3.61% is 22% above median its 10-year median of 2.96. The Insurance industry median Return-on-Tangible-Asset is 2.71. Firstcaution's value of 3.61% is 33.2% above this industry median. Based on the distribution chart, Firstcaution ranks #192 out of 506 companies in the Insurance industry, which is above the industry midpoint. Overall, Firstcaution has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Firstcaution's Return-on-Tangible-Asset compare to MRSH and AON?
According to the Insurance industry distribution chart, Firstcaution ranks #192 out of 506 companies for Return-on-Tangible-Asset. This puts Firstcaution in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.71. Firstcaution's value of 3.61% is 33.2% above this benchmark. While the company's 10-year median is 2.96 vs. the industry median of 2.71, Firstcaution 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 an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.71, based on 506 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. Firstcaution's current Return-on-Tangible-Asset of 3.61% is 33.2% 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 Firstcaution and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firstcaution's current Return-on-Tangible-Asset is 3.61%, which is 22% above median its own 10-year median of 2.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstcaution stock overvalued right now?
Based on GuruFocus' analysis, Firstcaution (XPAR:MLFIR) is currently considered Significantly Undervalued. The stock's GF Value™ is €52.08, compared to a current price of €32.00 — trading 38.6% below its estimated fair value. The current Return-on-Tangible-Asset is 3.61%, which is 22% above median its 10-year median of 2.96 and 33.2% above the Insurance industry median of 2.71. Firstcaution's overall GF Score™ is 84/100 with 1 warning sign 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 Firstcaution (XPAR:MLFIR), the current Return-on-Tangible-Asset is 3.61% 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 Firstcaution (XPAR:MLFIR) Overvalued in 2026?
Based on GuruFocus' analysis, Firstcaution stock appears to be undervalued.
The current stock price of €32.00 is trading 38.6% below its estimated GF Value™ of €52.08.
GuruFocus considers Firstcaution to be Significantly Undervalued.
Key valuation signals for XPAR:MLFIR:
Return-on-Tangible-Asset: 3.61% (22% above median its 10-year median of 2.96)
GF Value™: €52.08 vs. price of €32.00 (38.6% below fair value)
Industry Position: 33.2% above the Insurance median (#192 of 506)
No single metric tells the full story. See the XPAR:MLFIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Firstcaution SA is an insurance company engaged in processing and providing rental deposit guarantees for private and commercial leases in Switzerland. It offers commercial lease deposit, combined cash deposit and guarantee, and individual risk assessment products to business customers; and guarantees for residential or commercial leases of private customers.
84GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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