Allianz SEXSWX:ALV +0.13%76 Return-on-Tangible-Asset is 1.45% as of Mar. 2026, which is 75% above its 10-year median of 0.83. GuruFocus rates XSWX:ALV with a GF Score™ of 76/100 and a GF Value™ of CHF302.88 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 508 Insurance companies, Allianz SE ranks worse than 69.49% 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. Allianz SE's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF13,434 Mil. Allianz SE's average total tangible assets for the quarter that ended in Mar. 2026 was CHF928,069 Mil. Therefore, Allianz SE's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.45%.
The historical rank and industry rank for Allianz SE's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:ALV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.62 Med: 0.83 Max: 1.21
Current: 1.21
During the past 13 years, Allianz SE's highest Return-on-Tangible-Asset was 1.21%. The lowest was 0.62%. And the median was 0.83%.
XSWX:ALV's Return-on-Tangible-Asset is ranked worse than 69.49% of 508
companies
in the Insurance industry
Industry Median: 2.785
vs XSWX:ALV: 1.21
Allianz SE (XSWX:ALV) 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.
Allianz SE Return-on-Tangible-Asset Related Terms
Allianz SE Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Allianz SE'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.
XSWX:ALV vs BRK.A, AIG, HIG: Return-on-Tangible-Asset Comparison
For the Insurance - Diversified subindustry, Allianz SE'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.
Allianz SE Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Allianz SE's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Allianz SE'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.45% mean?
Allianz SE (XSWX:ALV) has a Return-on-Tangible-Asset of 1.45% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Allianz SE and its competitors. This is 75% above median its historical median of 0.83. Over the past decade, Allianz SE's Return-on-Tangible-Asset has ranged from 0.62 to 1.21. According to the industry distribution chart, Allianz SE ranks #353 out of 508 companies in the Insurance industry, placing it in the top 69.5%.
Is Allianz SE's Return-on-Tangible-Asset too high?
Allianz SE's current Return-on-Tangible-Asset of 1.45% is 75% above median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.21. The Insurance industry median Return-on-Tangible-Asset is 2.79. Allianz SE's value of 1.45% is 47.9% below this industry median. Based on the distribution chart, Allianz SE ranks #353 out of 508 companies in the Insurance industry, which is below the industry midpoint. Overall, Allianz SE has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Allianz SE's Return-on-Tangible-Asset compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Allianz SE ranks #353 out of 508 companies for Return-on-Tangible-Asset. This places Allianz SE in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.79. Allianz SE's value of 1.45% is 47.9% below this benchmark. Historically, Allianz SE's own Return-on-Tangible-Asset has ranged from 0.62 to 1.21 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 2.79, Allianz SE has consistently been below 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 2.79, based on 508 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. Allianz SE's current Return-on-Tangible-Asset of 1.45% is 47.9% below 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 Allianz SE and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Allianz SE's current Return-on-Tangible-Asset is 1.45%, which is 75% above median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allianz SE stock overvalued right now?
Based on GuruFocus' analysis, Allianz SE (XSWX:ALV) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF302.88, compared to a current price of CHF379.30 — trading 25.2% above its estimated fair value. The current Return-on-Tangible-Asset is 1.45%, which is 75% above median its 10-year median of 0.83 and 47.9% below the Insurance industry median of 2.79. Allianz SE's overall GF Score™ is 76/100 with 6 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 Allianz SE (XSWX:ALV), the current Return-on-Tangible-Asset is 1.45% as of Mar. 2026. 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 Allianz SE (XSWX:ALV) Overvalued in 2026?
Based on GuruFocus' analysis, Allianz SE stock appears to be overvalued.
The current stock price of CHF379.30 is trading 25.2% above its estimated GF Value™ of CHF302.88.
GuruFocus considers Allianz SE to be Modestly Overvalued.
Key valuation signals for XSWX:ALV:
Return-on-Tangible-Asset: 1.45% (75% above median its 10-year median of 0.83)
GF Value™: CHF302.88 vs. price of CHF379.30 (25.2% above fair value)
Industry Position: 47.9% below the Insurance median (#353 of 508)
No single metric tells the full story. See the XSWX:ALV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Allianz was founded as a transport and accident insurance firm in 1890 by Carl von Thieme and Wilhelm von Finck, the founders of Munich Re. It took the company five years to expand into Europe and North America and subsequently list in Berlin. After World War I, individuals were confronted with the loss of wealth, life, and security and Allianz founded a life business in the 1920s. In the years after World War II, Allianz's foreign assets were seized, and it lost its foreign business. By relocating its head office from Berlin to Munich in 1948, Allianz began the long road of rebuilding its domestic business. It took 20 years for the company to reacquire its prior foreign interests, starting in Austria. It became the largest European insurer in the postwar boom era.
76GF Score
Get the complete analysis for XSWX:ALV
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:ALV has been successfully added to your 
