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Bellevue Group AGXSWX:BBN +0.55%67 Return-on-Tangible-Asset is 3.01% as of Dec. 2025, which is 55% below its 10-year median of 6.69. GuruFocus rates XSWX:BBN with a GF Score™ of 67/100 and a GF Value™ of CHF9.70 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,633 Asset Management companies, Bellevue Group AG ranks worse than 64.05% 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. Bellevue Group AG's annualizedNet Income for the quarter that ended in Dec. 2025 was CHF3.40 Mil. Bellevue Group AG's average total tangible assets for the quarter that ended in Dec. 2025 was CHF113.13 Mil. Therefore, Bellevue Group AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.01%.
The historical rank and industry rank for Bellevue Group AG's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:BBN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.18 Med: 6.69 Max: 23.78
Current: 1.63
During the past 13 years, Bellevue Group AG's highest Return-on-Tangible-Asset was 23.78%. The lowest was -0.18%. And the median was 6.69%.
XSWX:BBN's Return-on-Tangible-Asset is ranked worse than 64.05% of 1633
companies
in the Asset Management industry
Industry Median: 4.25
vs XSWX:BBN: 1.63
Bellevue Group AG (XSWX:BBN) 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.
Bellevue Group AG Return-on-Tangible-Asset Related Terms
Bellevue Group AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Bellevue Group AG'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:BBN vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Bellevue Group AG'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.
Bellevue Group AG Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Bellevue Group AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bellevue Group AG'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 3.01% mean?
Bellevue Group AG (XSWX:BBN) has a Return-on-Tangible-Asset of 3.01% 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 Bellevue Group AG and its competitors. This is 55% below median its historical median of 6.69. According to the industry distribution chart, Bellevue Group AG ranks #1046 out of 1633 companies in the Asset Management industry, placing it in the top 64.1%.
Is Bellevue Group AG's Return-on-Tangible-Asset too high?
Bellevue Group AG's current Return-on-Tangible-Asset of 3.01% is 55% below median its 10-year median of 6.69. The Asset Management industry median Return-on-Tangible-Asset is 4.25. Bellevue Group AG's value of 3.01% is 29.2% below this industry median. Based on the distribution chart, Bellevue Group AG ranks #1046 out of 1633 companies in the Asset Management industry, which is below the industry midpoint. Overall, Bellevue Group AG has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bellevue Group AG's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Bellevue Group AG ranks #1046 out of 1633 companies for Return-on-Tangible-Asset. This places Bellevue Group AG in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.25. Bellevue Group AG's value of 3.01% is 29.2% below this benchmark. While the company's 10-year median is 6.69 vs. the industry median of 4.25, Bellevue Group AG 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 Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.25, based on 1,633 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. Bellevue Group AG's current Return-on-Tangible-Asset of 3.01% is 29.2% 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 Bellevue Group AG and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bellevue Group AG's current Return-on-Tangible-Asset is 3.01%, which is 55% below median its own 10-year median of 6.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bellevue Group AG stock overvalued right now?
Based on GuruFocus' analysis, Bellevue Group AG (XSWX:BBN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF9.70, compared to a current price of CHF7.32 — trading 24.5% below its estimated fair value. The current Return-on-Tangible-Asset is 3.01%, which is 55% below median its 10-year median of 6.69 and 29.2% below the Asset Management industry median of 4.25. Bellevue Group AG's overall GF Score™ is 67/100 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 Bellevue Group AG (XSWX:BBN), the current Return-on-Tangible-Asset is 3.01% 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 Bellevue Group AG (XSWX:BBN) Overvalued in 2026?
Based on GuruFocus' analysis, Bellevue Group AG stock appears to be undervalued.
The current stock price of CHF7.32 is trading 24.5% below its estimated GF Value™ of CHF9.70.
GuruFocus considers Bellevue Group AG to be Modestly Undervalued.
Key valuation signals for XSWX:BBN:
Return-on-Tangible-Asset: 3.01% (55% below median its 10-year median of 6.69)
GF Value™: CHF9.70 vs. price of CHF7.32 (24.5% below fair value)
Industry Position: 29.2% below the Asset Management median (#1046 of 1633)
No single metric tells the full story. See the XSWX:BBN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bellevue Group AG is a Switzerland-based company operating in the finance industry. It is principally engaged in the field of asset management. The business operates in one segment. The segment consists of the operating business units Bellevue Asset Management, StarCapital, and Bellevue Private Markets. It focuses on managing equity portfolios for selected sectors and regional strategies.
67GF Score
Get the complete analysis for XSWX:BBN
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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