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Carrier GlobalXSWX:CARR 81 Return-on-Tangible-Asset is 6.06% as of Mar. 2026, which is 65% below its 10-year median of 17.39. GuruFocus rates XSWX:CARR with a GF Score™ of 81/100 and a GF Value™ of CHF54.47. The stock has 10 warning signs investors should review. Among 1,783 Construction companies, Carrier Global ranks better than 80.26% 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. Carrier Global's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF750 Mil. Carrier Global's average total tangible assets for the quarter that ended in Mar. 2026 was CHF12,375 Mil. Therefore, Carrier Global's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.06%.
The historical rank and industry rank for Carrier Global's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:CARR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.9 Med: 17.39 Max: 27.52
Current: 8.38
During the past 9 years, Carrier Global's highest Return-on-Tangible-Asset was 27.52%. The lowest was 6.90%. And the median was 17.39%.
XSWX:CARR's Return-on-Tangible-Asset is ranked better than 80.26% of 1783
companies
in the Construction industry
Industry Median: 3.04
vs XSWX:CARR: 8.38
Carrier Global (XSWX:CARR) 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.
Carrier Global Return-on-Tangible-Asset Related Terms
Carrier Global Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Carrier Global'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:CARR vs JCI, LII, MAIR: Return-on-Tangible-Asset Comparison
For the Building Products & Equipment subindustry, Carrier Global'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.
Carrier Global Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Carrier Global's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Carrier Global'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 6.06% mean?
Carrier Global (XSWX:CARR) has a Return-on-Tangible-Asset of 6.06% 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 Carrier Global and its competitors. This is 65% below median its historical median of 17.39. Over the past decade, Carrier Global's Return-on-Tangible-Asset has ranged from 6.90 to 27.52. According to the industry distribution chart, Carrier Global ranks #352 out of 1783 companies in the Construction industry, placing it in the top 19.7%.
Is Carrier Global's Return-on-Tangible-Asset too high?
Carrier Global's current Return-on-Tangible-Asset of 6.06% is 65% below median its 10-year median of 17.39. Over the past 10 years, this metric has ranged from a low of 6.90 to a high of 27.52. The Construction industry median Return-on-Tangible-Asset is 3.04. Carrier Global's value of 6.06% is 99.3% above this industry median. Based on the distribution chart, Carrier Global ranks #352 out of 1783 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Carrier Global has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Carrier Global's Return-on-Tangible-Asset compare to JCI and LII?
According to the Construction industry distribution chart, Carrier Global ranks #352 out of 1783 companies for Return-on-Tangible-Asset. This places Carrier Global in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.04. Carrier Global's value of 6.06% is 99.3% above this benchmark. Historically, Carrier Global's own Return-on-Tangible-Asset has ranged from 6.90 to 27.52 over the past decade. While the company's 10-year median is 17.39 vs. the industry median of 3.04, Carrier Global 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.04, based on 1,783 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. Carrier Global's current Return-on-Tangible-Asset of 6.06% is 99.3% 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 Carrier Global and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carrier Global's current Return-on-Tangible-Asset is 6.06%, which is 65% below median its own 10-year median of 17.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carrier Global stock overvalued right now?
Carrier Global (XSWX:CARR) has a current Return-on-Tangible-Asset of 6.06%. The stock's GF Value™ is CHF54.47, compared to a current price of CHF55.66 — trading 2.2% above its estimated fair value. The current Return-on-Tangible-Asset is 6.06%, which is 65% below median its 10-year median of 17.39 and 99.3% above the Construction industry median of 3.04. Carrier Global's overall GF Score™ is 81/100 with 10 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 Carrier Global (XSWX:CARR), the current Return-on-Tangible-Asset is 6.06% 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 Carrier Global (XSWX:CARR) Overvalued in 2026?
Based on GuruFocus' analysis, Carrier Global stock appears to be overvalued.
The current stock price of CHF55.66 is trading 2.2% above its estimated GF Value™ of CHF54.47.
Key valuation signals for XSWX:CARR:
Return-on-Tangible-Asset: 6.06% (65% below median its 10-year median of 17.39)
GF Value™: CHF54.47 vs. price of CHF55.66 (2.2% above fair value)
Industry Position: 99.3% above the Construction median (#352 of 1783)
No single metric tells the full story. See the XSWX:CARR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carrier Global, spun out of United Technologies in 2020, manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its flagship Carrier brand, as well as Bryant, Payne, Heil, and others across various price points. In 2024, Carrier acquired Viessmann Climate Solutions to expand its footprint in Europe with heat pumps, boilers, and solar PV equipment. Proceeds from the sale of Carrier's fire and security (Honeywell) and commercial refrigeration (Haier) businesses reduced debt and focused the company on global HVAC and refrigeration solutions. Carrier generates 75% of sales from equipment and 25% from parts and services. The company derives 50% of revenue from the US, 30% from Europe, and 20% from the Asia-Pacific region.
81GF Score
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