Photocat ASXSAT:PCAT -1.67%9 Return-on-Tangible-Asset is 47.35% as of Dec. 2025. GuruFocus rates XSAT:PCAT with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 1,611 Chemicals companies, Photocat AS ranks better than 98.82% 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. Photocat AS's annualizedNet Income for the quarter that ended in Dec. 2025 was kr4.47 Mil. Photocat AS's average total tangible assets for the quarter that ended in Dec. 2025 was kr9.45 Mil. Therefore, Photocat AS's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 47.35%.
The historical rank and industry rank for Photocat AS's Return-on-Tangible-Asset or its related term are showing as below:
XSAT:PCAT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -130.12 Med: -41.97 Max: 23.68
Current: 23.68
During the past 13 years, Photocat AS's highest Return-on-Tangible-Asset was 23.68%. The lowest was -130.12%. And the median was -41.97%.
XSAT:PCAT's Return-on-Tangible-Asset is ranked better than 98.82% of 1611
companies
in the Chemicals industry
Industry Median: 3.08
vs XSAT:PCAT: 23.68
Photocat AS (XSAT:PCAT) Return-on-Tangible-Asset Explanation
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.
Photocat AS Return-on-Tangible-Asset Related Terms
Photocat AS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Photocat AS'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.
XSAT:PCAT vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Photocat AS'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.
Photocat AS Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Photocat AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Photocat AS'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 47.35% mean?
Photocat AS (XSAT:PCAT) has a Return-on-Tangible-Asset of 47.35% 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 Photocat AS and its competitors. According to the industry distribution chart, Photocat AS ranks #19 out of 1611 companies in the Chemicals industry, placing it in the top 1.2%.
Is Photocat AS's Return-on-Tangible-Asset too high?
Photocat AS's current Return-on-Tangible-Asset is 47.35%. The Chemicals industry median Return-on-Tangible-Asset is 3.08. Photocat AS's value of 47.35% is 1437.3% above this industry median. Based on the distribution chart, Photocat AS ranks #19 out of 1611 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Photocat AS has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Photocat AS's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Photocat AS ranks #19 out of 1611 companies for Return-on-Tangible-Asset. This places Photocat AS in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.08. Photocat AS's value of 47.35% is 1437.3% 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.08, 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. Photocat AS's current Return-on-Tangible-Asset of 47.35% is 1437.3% 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 Photocat AS and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Photocat AS's current Return-on-Tangible-Asset is 47.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Photocat AS stock overvalued right now?
Photocat AS (XSAT:PCAT) has a current Return-on-Tangible-Asset of 47.35%. The current Return-on-Tangible-Asset is 47.35% and 1437.3% above the Chemicals industry median of 3.08. Photocat AS's overall GF Score™ is 9/100 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 Photocat AS (XSAT:PCAT), the current Return-on-Tangible-Asset is 47.35% 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.
Photocat AS is a Danish green tech company has developed photocatalytic liquids and solutions designed to improve environmental conditions and potentially deliver life-saving enhancements to air quality. Its solutions are developed with both economic and scientific objectives, enabling its customers to add enhanced value when delivering their own products, such as roofing membranes, coatings, roads, and flooring. The company markets its products under the NOxOFF, Actifloor, ShineOn, and Photocat Garden trademarks. All products are currently in the early stages of their lifecycle, due to the nature of the underlying technology and processes. Its solutions include NOxOFF Concrete, NOxOFF Bitumen, NOxOFF Asphalt, Photocat Garden, and Actifloor.
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