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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Comet Holding AGXSWX:COTN -3.15%82 Return-on-Tangible-Asset is 1.87% as of Dec. 2025, which is 74% below its 10-year median of 7.27. GuruFocus rates XSWX:COTN with a GF Score™ of 82/100 and a GF Value™ of CHF263.24 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,500 Hardware companies, Comet Holding AG ranks better than 50.96% 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. Comet Holding AG's annualizedNet Income for the quarter that ended in Dec. 2025 was CHF8.7 Mil. Comet Holding AG's average total tangible assets for the quarter that ended in Dec. 2025 was CHF465.9 Mil. Therefore, Comet Holding AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 1.87%.
The historical rank and industry rank for Comet Holding AG's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:COTN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.54 Med: 7.27 Max: 16.31
Current: 2.57
During the past 13 years, Comet Holding AG's highest Return-on-Tangible-Asset was 16.31%. The lowest was 2.54%. And the median was 7.27%.
XSWX:COTN's Return-on-Tangible-Asset is ranked better than 50.96% of 2500
companies
in the Hardware industry
Industry Median: 2.47
vs XSWX:COTN: 2.57
Comet Holding AG (XSWX:COTN) 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.
Comet Holding AG Return-on-Tangible-Asset Related Terms
Comet Holding AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Comet Holding 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:COTN vs COHR, KEYS, GRMN: Return-on-Tangible-Asset Comparison
For the Scientific & Technical Instruments subindustry, Comet Holding 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.
Comet Holding AG Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Comet Holding AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Comet Holding 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 1.87% mean?
Comet Holding AG (XSWX:COTN) has a Return-on-Tangible-Asset of 1.87% 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 Comet Holding AG and its competitors. This is 74% below median its historical median of 7.27. Over the past decade, Comet Holding AG's Return-on-Tangible-Asset has ranged from 2.54 to 16.31. According to the industry distribution chart, Comet Holding AG ranks #1226 out of 2500 companies in the Hardware industry, placing it in the top 49%.
Is Comet Holding AG's Return-on-Tangible-Asset too high?
Comet Holding AG's current Return-on-Tangible-Asset of 1.87% is 74% below median its 10-year median of 7.27. Over the past 10 years, this metric has ranged from a low of 2.54 to a high of 16.31. The Hardware industry median Return-on-Tangible-Asset is 2.47. Comet Holding AG's value of 1.87% is 24.3% below this industry median. Based on the distribution chart, Comet Holding AG ranks #1226 out of 2500 companies in the Hardware industry, which is above the industry midpoint. Overall, Comet Holding AG has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Comet Holding AG's Return-on-Tangible-Asset compare to COHR and KEYS?
According to the Hardware industry distribution chart, Comet Holding AG ranks #1226 out of 2500 companies for Return-on-Tangible-Asset. This puts Comet Holding AG in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.47. Comet Holding AG's value of 1.87% is 24.3% below this benchmark. Historically, Comet Holding AG's own Return-on-Tangible-Asset has ranged from 2.54 to 16.31 over the past decade. While the company's 10-year median is 7.27 vs. the industry median of 2.47, Comet Holding 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 a Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.47, based on 2,500 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. Comet Holding AG's current Return-on-Tangible-Asset of 1.87% is 24.3% 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 Comet Holding AG and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comet Holding AG's current Return-on-Tangible-Asset is 1.87%, which is 74% below median its own 10-year median of 7.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comet Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Comet Holding AG (XSWX:COTN) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF263.24, compared to a current price of CHF326.40 — trading 24% above its estimated fair value. The current Return-on-Tangible-Asset is 1.87%, which is 74% below median its 10-year median of 7.27 and 24.3% below the Hardware industry median of 2.47. Comet Holding AG's overall GF Score™ is 82/100 with 5 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 Comet Holding AG (XSWX:COTN), the current Return-on-Tangible-Asset is 1.87% 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 Comet Holding AG (XSWX:COTN) Overvalued in 2026?
Based on GuruFocus' analysis, Comet Holding AG stock appears to be overvalued.
The current stock price of CHF326.40 is trading 24% above its estimated GF Value™ of CHF263.24.
GuruFocus considers Comet Holding AG to be Modestly Overvalued.
Key valuation signals for XSWX:COTN:
Return-on-Tangible-Asset: 1.87% (74% below median its 10-year median of 7.27)
GF Value™: CHF263.24 vs. price of CHF326.40 (24% above fair value)
Industry Position: 24.3% below the Hardware median (#1226 of 2500)
No single metric tells the full story. See the XSWX:COTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Comet Holding AG is a vendor of X-ray, radio frequency (RF) power, and e-beam technology. It markets its systems and services under the Comet, Yxlon, and ebeam brands. Yxlon x-ray systems for non-destructive testing are supplied to end customers in the automotive, aerospace, electronics, and energy sectors. Under the Comet brand, the group builds components and modules such as x-ray sources, vacuum capacitors, RF generators, and impedance matching networks, marketed to manufacturers in the automotive, aerospace, semiconductor, and solar industries, as well as the security sector. The Group has three operating divisions: Plasma Control Technologies (PCT), X-Ray Systems (IXS), and Industrial X-Ray Modules (IXM).
82GF Score
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