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BKW AGXSWX:BKW +1.50%72 Return-on-Tangible-Asset is 3.43% as of Dec. 2025, which is 17% below its 10-year median of 4.15. GuruFocus rates XSWX:BKW with a GF Score™ of 72/100 and a GF Value™ of CHF149.05 (Fairly Valued). The stock has 3 warning signs investors should review. Among 449 Utilities - Independent Power Producers companies, BKW AG ranks better than 67.71% 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. BKW AG's annualizedNet Income for the quarter that ended in Dec. 2025 was CHF340 Mil. BKW AG's average total tangible assets for the quarter that ended in Dec. 2025 was CHF9,912 Mil. Therefore, BKW AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.43%.
The historical rank and industry rank for BKW AG's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:BKW'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.22 Med: 4.15 Max: 6.22
Current: 3.55
During the past 13 years, BKW AG's highest Return-on-Tangible-Asset was 6.22%. The lowest was 2.22%. And the median was 4.15%.
XSWX:BKW's Return-on-Tangible-Asset is ranked better than 67.71% of 449
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.29
vs XSWX:BKW: 3.55
BKW AG (XSWX:BKW) 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.
BKW AG Return-on-Tangible-Asset Related Terms
BKW AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for BKW 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.
BKW AG Return-on-Tangible-Asset Competitor Comparison
For the Utilities - Renewable subindustry, BKW 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.
BKW AG Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, BKW AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BKW 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 3.43% mean?
BKW AG (XSWX:BKW) has a Return-on-Tangible-Asset of 3.43% 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 BKW AG and its competitors. This is 17% below median its historical median of 4.15. Over the past decade, BKW AG's Return-on-Tangible-Asset has ranged from 2.22 to 6.22. According to the industry distribution chart, BKW AG ranks #145 out of 449 companies in the Utilities - Independent Power Producers industry, placing it in the top 32.3%.
Is BKW AG's Return-on-Tangible-Asset too high?
BKW AG's current Return-on-Tangible-Asset of 3.43% is 17% below median its 10-year median of 4.15. Over the past 10 years, this metric has ranged from a low of 2.22 to a high of 6.22. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.29. BKW AG's value of 3.43% is 165.9% above this industry median. Based on the distribution chart, BKW AG ranks #145 out of 449 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, BKW AG has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BKW AG's Return-on-Tangible-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, BKW AG ranks #145 out of 449 companies for Return-on-Tangible-Asset. This puts BKW AG in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.29. BKW AG's value of 3.43% is 165.9% above this benchmark. Historically, BKW AG's own Return-on-Tangible-Asset has ranged from 2.22 to 6.22 over the past decade. While the company's 10-year median is 4.15 vs. the industry median of 1.29, BKW 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.29, based on 449 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. BKW AG's current Return-on-Tangible-Asset of 3.43% is 165.9% 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 BKW AG and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BKW AG's current Return-on-Tangible-Asset is 3.43%, which is 17% below median its own 10-year median of 4.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BKW AG stock overvalued right now?
Based on GuruFocus' analysis, BKW AG (XSWX:BKW) is currently considered Fairly Valued. The stock's GF Value™ is CHF149.05, compared to a current price of CHF135.70 — trading 9% below its estimated fair value. The current Return-on-Tangible-Asset is 3.43%, which is 17% below median its 10-year median of 4.15 and 165.9% above the Utilities - Independent Power Producers industry median of 1.29. BKW AG's overall GF Score™ is 72/100 with 3 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 BKW AG (XSWX:BKW), the current Return-on-Tangible-Asset is 3.43% 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 BKW AG (XSWX:BKW) Overvalued in 2026?
Based on GuruFocus' analysis, BKW AG stock appears to be undervalued.
The current stock price of CHF135.70 is trading 9% below its estimated GF Value™ of CHF149.05.
GuruFocus considers BKW AG to be Fairly Valued.
Key valuation signals for XSWX:BKW:
Return-on-Tangible-Asset: 3.43% (17% below median its 10-year median of 4.15)
GF Value™: CHF149.05 vs. price of CHF135.70 (9% below fair value)
Industry Position: 165.9% above the Utilities - Independent Power Producers median (#145 of 449)
No single metric tells the full story. See the XSWX:BKW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BKW AG is an international energy and infrastructure company, offering integrated solutions in the fields of energy, buildings, and infrastructure. It operates in three reportable business segments: Energy Solutions, Power Grid, and Infrastructure and Buildings. Maximum revenue is generated from the Energy Solutions segment, which builds, operates, and maintains BKW's portfolio of power plants in Switzerland and abroad. It also includes the sale of energy in Switzerland, trading in electricity, certificates, and raw materials, as well as wind, solar, and smart energy services. Geographically, the group generates maximum revenue from its business in Switzerland, followed by Germany, Italy, France, and other countries.
72GF Score
Get the complete analysis for XSWX:BKW
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