Advanced Micro DevicesXSWX:AMD 80 Return-on-Tangible-Asset is 15.02% as of Mar. 2026, which is 92% above its 10-year median of 7.81. GuruFocus rates XSWX:AMD with a GF Score™ of 80/100 and a GF Value™ of CHF190.40 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,026 Semiconductors companies, Advanced Micro Devices ranks better than 89.08% 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. Advanced Micro Devices's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF4,355 Mil. Advanced Micro Devices's average total tangible assets for the quarter that ended in Mar. 2026 was CHF28,999 Mil. Therefore, Advanced Micro Devices's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 15.02%.
The historical rank and industry rank for Advanced Micro Devices's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:AMD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -18.39 Med: 7.81 Max: 35.64
Current: 14.9
During the past 13 years, Advanced Micro Devices's highest Return-on-Tangible-Asset was 35.64%. The lowest was -18.39%. And the median was 7.81%.
XSWX:AMD's Return-on-Tangible-Asset is ranked better than 89.08% of 1026
companies
in the Semiconductors industry
Industry Median: 2.59
vs XSWX:AMD: 14.90
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.
Advanced Micro Devices Return-on-Tangible-Asset Related Terms
Advanced Micro Devices Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Advanced Micro Devices'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:AMD vs INTC, MU, TXN: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Advanced Micro Devices'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.
Advanced Micro Devices Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Advanced Micro Devices's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Advanced Micro Devices'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 15.02% mean?
Advanced Micro Devices (XSWX:AMD) has a Return-on-Tangible-Asset of 15.02% 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 Advanced Micro Devices and its competitors. This is 92% above median its historical median of 7.81. According to the industry distribution chart, Advanced Micro Devices ranks #112 out of 1026 companies in the Semiconductors industry, placing it in the top 10.9%.
Is Advanced Micro Devices' Return-on-Tangible-Asset too high?
Advanced Micro Devices' current Return-on-Tangible-Asset of 15.02% is 92% above median its 10-year median of 7.81. The Semiconductors industry median Return-on-Tangible-Asset is 2.59. Advanced Micro Devices' value of 15.02% is 479.9% above this industry median. Based on the distribution chart, Advanced Micro Devices ranks #112 out of 1026 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Advanced Micro Devices has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advanced Micro Devices' Return-on-Tangible-Asset compare to INTC and MU?
According to the Semiconductors industry distribution chart, Advanced Micro Devices ranks #112 out of 1026 companies for Return-on-Tangible-Asset. This places Advanced Micro Devices in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.59. Advanced Micro Devices' value of 15.02% is 479.9% above this benchmark. While the company's 10-year median is 7.81 vs. the industry median of 2.59, Advanced Micro Devices 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 a Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.59, based on 1,026 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. Advanced Micro Devices's current Return-on-Tangible-Asset of 15.02% is 479.9% 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 Advanced Micro Devices and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advanced Micro Devices's current Return-on-Tangible-Asset is 15.02%, which is 92% above median its own 10-year median of 7.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced Micro Devices stock overvalued right now?
Based on GuruFocus' analysis, Advanced Micro Devices (XSWX:AMD) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF190.40, compared to a current price of CHF419.32 — trading 120.2% above its estimated fair value. The current Return-on-Tangible-Asset is 15.02%, which is 92% above median its 10-year median of 7.81 and 479.9% above the Semiconductors industry median of 2.59. Advanced Micro Devices' overall GF Score™ is 80/100 with 9 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 Advanced Micro Devices (XSWX:AMD), the current Return-on-Tangible-Asset is 15.02% 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 Advanced Micro Devices (XSWX:AMD) Overvalued in 2026?
Based on GuruFocus' analysis, Advanced Micro Devices stock appears to be overvalued.
The current stock price of CHF419.32 is trading 120.2% above its estimated GF Value™ of CHF190.40.
GuruFocus considers Advanced Micro Devices to be Significantly Overvalued.
Key valuation signals for XSWX:AMD:
Return-on-Tangible-Asset: 15.02% (92% above median its 10-year median of 7.81)
GF Value™: CHF190.40 vs. price of CHF419.32 (120.2% above fair value)
Industry Position: 479.9% above the Semiconductors median (#112 of 1026)
No single metric tells the full story. See the XSWX:AMD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers (including artificial intelligence), industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. However, AMD is emerging as a prominent player in AI GPUs and related hardware. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox.
80GF Score
Get the complete analysis for XSWX:AMD
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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