Anglo AmericanXSWX:AAM 44 Return-on-Tangible-Asset is -6.59% as of Dec. 2025. GuruFocus rates XSWX:AAM with a GF Score™ of 44/100 and a GF Value™ of CHF17.19 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,658 Metals & Mining companies, Anglo American ranks better than 64.86% 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. Anglo American's annualizedNet Income for the quarter that ended in Dec. 2025 was CHF-2,968 Mil. Anglo American's average total tangible assets for the quarter that ended in Dec. 2025 was CHF45,055 Mil. Therefore, Anglo American's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -6.59%.
The historical rank and industry rank for Anglo American's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:AAM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.23 Med: 4.95 Max: 14.06
Current: -6.23
During the past 13 years, Anglo American's highest Return-on-Tangible-Asset was 14.06%. The lowest was -6.23%. And the median was 4.95%.
XSWX:AAM's Return-on-Tangible-Asset is ranked better than 64.86% of 2658
companies
in the Metals & Mining industry
Industry Median: -17.365
vs XSWX:AAM: -6.23
Anglo American (XSWX:AAM) 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.
Anglo American Return-on-Tangible-Asset Related Terms
Anglo American Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Anglo American'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.
Anglo American Return-on-Tangible-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Anglo American'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.
Anglo American Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglo American's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Anglo American'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 -6.59% mean?
Anglo American (XSWX:AAM) has a Return-on-Tangible-Asset of -6.59% 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 Anglo American and its competitors. According to the industry distribution chart, Anglo American ranks #934 out of 2658 companies in the Metals & Mining industry, placing it in the top 35.1%.
Is Anglo American's Return-on-Tangible-Asset too high?
Anglo American's current Return-on-Tangible-Asset is -6.59%. Based on the distribution chart, Anglo American ranks #934 out of 2658 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Anglo American has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglo American's Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Anglo American ranks #934 out of 2658 companies for Return-on-Tangible-Asset. This puts Anglo American in the upper half of its industry. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. 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 Anglo American and its competitors. Anglo American's current Return-on-Tangible-Asset is -6.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglo American stock overvalued right now?
Based on GuruFocus' analysis, Anglo American (XSWX:AAM) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF17.19, compared to a current price of CHF39.80 — trading 131.5% above its estimated fair value. The current Return-on-Tangible-Asset is -6.59%. Anglo American's overall GF Score™ is 44/100 with 8 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 Anglo American (XSWX:AAM), the current Return-on-Tangible-Asset is -6.59% 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 Anglo American (XSWX:AAM) Overvalued in 2026?
Based on GuruFocus' analysis, Anglo American stock appears to be overvalued.
The current stock price of CHF39.80 is trading 131.5% above its estimated GF Value™ of CHF17.19.
GuruFocus considers Anglo American to be Significantly Overvalued.
Key valuation signals for XSWX:AAM:
Return-on-Tangible-Asset: -6.59%
GF Value™: CHF17.19 vs. price of CHF39.80 (131.5% above fair value)
No single metric tells the full story. See the XSWX:AAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Previously one of the more diversified major miners, in May 2024 Anglo American announced that it will restructure to focus on copper, iron ore, and crop nutrients, while selling or spinning off its other businesses. It sold out of platinum group metals in September 2025, and will likely sell or demerge and spin off its majority-owned De Beers diamonds business, in most years the world's largest supplier and marketer of rough gem diamonds by value. It is again trying to sell its remaining metallurgical coal mines after Peabody pulled out of a deal to buy them. Anglo also plans to move back into the crop nutrients business via its Woodsmith polyhalite project in the UK. In September 2025, it also agreed to merge with Teck, with the deal likely to complete in late 2026 or early 2027.
44GF Score
Get the complete analysis for XSWX:AAM
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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