Bechtle AGXSWX:BC8 77 Return-on-Tangible-Asset is 5.23% as of Mar. 2026, which is 46% below its 10-year median of 9.77. GuruFocus rates XSWX:BC8 with a GF Score™ of 77/100 and a GF Value™ of CHF38.17. The stock has 2 warning signs investors should review. Among 2,885 Software companies, Bechtle AG ranks better than 68.6% 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. Bechtle AG's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF164 Mil. Bechtle AG's average total tangible assets for the quarter that ended in Mar. 2026 was CHF3,133 Mil. Therefore, Bechtle AG's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.23%.
The historical rank and industry rank for Bechtle AG's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:BC8'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.94 Med: 9.77 Max: 10.36
Current: 7.37
During the past 13 years, Bechtle AG's highest Return-on-Tangible-Asset was 10.36%. The lowest was 6.94%. And the median was 9.77%.
XSWX:BC8's Return-on-Tangible-Asset is ranked better than 68.6% of 2885
companies
in the Software industry
Industry Median: 2.04
vs XSWX:BC8: 7.37
Bechtle AG (XSWX:BC8) 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.
Bechtle AG Return-on-Tangible-Asset Related Terms
Bechtle AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Bechtle 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:BC8 vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, Bechtle 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.
Bechtle AG Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Bechtle AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bechtle 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.23% mean?
Bechtle AG (XSWX:BC8) has a Return-on-Tangible-Asset of 5.23% 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 Bechtle AG and its competitors. This is 46% below median its historical median of 9.77. Over the past decade, Bechtle AG's Return-on-Tangible-Asset has ranged from 6.94 to 10.36. According to the industry distribution chart, Bechtle AG ranks #906 out of 2885 companies in the Software industry, placing it in the top 31.4%.
Is Bechtle AG's Return-on-Tangible-Asset too high?
Bechtle AG's current Return-on-Tangible-Asset of 5.23% is 46% below median its 10-year median of 9.77. Over the past 10 years, this metric has ranged from a low of 6.94 to a high of 10.36. The Software industry median Return-on-Tangible-Asset is 2.04. Bechtle AG's value of 5.23% is 156.4% above this industry median. Based on the distribution chart, Bechtle AG ranks #906 out of 2885 companies in the Software industry, which is above the industry midpoint. Overall, Bechtle AG has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Bechtle AG's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, Bechtle AG ranks #906 out of 2885 companies for Return-on-Tangible-Asset. This puts Bechtle AG in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.04. Bechtle AG's value of 5.23% is 156.4% above this benchmark. Historically, Bechtle AG's own Return-on-Tangible-Asset has ranged from 6.94 to 10.36 over the past decade. While the company's 10-year median is 9.77 vs. the industry median of 2.04, Bechtle AG 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.04, based on 2,885 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. Bechtle AG's current Return-on-Tangible-Asset of 5.23% is 156.4% 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 Bechtle AG and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bechtle AG's current Return-on-Tangible-Asset is 5.23%, which is 46% below median its own 10-year median of 9.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bechtle AG stock overvalued right now?
Bechtle AG (XSWX:BC8) has a current Return-on-Tangible-Asset of 5.23%. The stock's GF Value™ is CHF38.17, compared to a current price of CHF28.46 — trading 25.4% below its estimated fair value. The current Return-on-Tangible-Asset is 5.23%, which is 46% below median its 10-year median of 9.77 and 156.4% above the Software industry median of 2.04. Bechtle AG's overall GF Score™ is 77/100 with 2 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 Bechtle AG (XSWX:BC8), the current Return-on-Tangible-Asset is 5.23% 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 Bechtle AG (XSWX:BC8) Overvalued in 2026?
Based on GuruFocus' analysis, Bechtle AG stock appears to be undervalued.
The current stock price of CHF28.46 is trading 25.4% below its estimated GF Value™ of CHF38.17.
Key valuation signals for XSWX:BC8:
Return-on-Tangible-Asset: 5.23% (46% below median its 10-year median of 9.77)
GF Value™: CHF38.17 vs. price of CHF28.46 (25.4% below fair value)
Industry Position: 156.4% above the Software median (#906 of 2885)
No single metric tells the full story. See the XSWX:BC8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bechtle AG is an information technology provider with operations in Germany, Austria, Switzerland, and other European countries. The company's customers are mainly in the industrial, trade, financial, and public sectors. The company operates through four reportable segments; Germany, France, Benelux, and Other Europe. It generates maximum of its revenue from the Germany segment. The company offers its customers IT hardware, software, solutions and services in 14 European countries, with Germany being the main market.
77GF Score
Get the complete analysis for XSWX:BC8
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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