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Kardex Holding AGXSWX:KARN +0.84%93 Return-on-Tangible-Asset is 2.24% as of Dec. 2025, which is 84% below its 10-year median of 14.45. GuruFocus rates XSWX:KARN with a GF Score™ of 93/100 and a GF Value™ of CHF308.05 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 3,073 Industrial Products companies, Kardex Holding AG ranks better than 81.03% 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. Kardex Holding AG's annualizedNet Income for the quarter that ended in Dec. 2025 was CHF10.1 Mil. Kardex Holding AG's average total tangible assets for the quarter that ended in Dec. 2025 was CHF450.4 Mil. Therefore, Kardex Holding AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.24%.
The historical rank and industry rank for Kardex Holding AG's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:KARN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.6 Med: 14.45 Max: 17.84
Current: 8.63
During the past 13 years, Kardex Holding AG's highest Return-on-Tangible-Asset was 17.84%. The lowest was 8.60%. And the median was 14.45%.
XSWX:KARN's Return-on-Tangible-Asset is ranked better than 81.03% of 3073
companies
in the Industrial Products industry
Industry Median: 3.24
vs XSWX:KARN: 8.63
Kardex Holding AG (XSWX:KARN) 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.
Kardex Holding AG Return-on-Tangible-Asset Related Terms
Kardex Holding AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kardex 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:KARN vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Kardex 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.
Kardex Holding AG Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kardex Holding AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kardex 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 2.24% mean?
Kardex Holding AG (XSWX:KARN) has a Return-on-Tangible-Asset of 2.24% 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 Kardex Holding AG and its competitors. This is 84% below median its historical median of 14.45. Over the past decade, Kardex Holding AG's Return-on-Tangible-Asset has ranged from 8.60 to 17.84. According to the industry distribution chart, Kardex Holding AG ranks #583 out of 3073 companies in the Industrial Products industry, placing it in the top 19%.
Is Kardex Holding AG's Return-on-Tangible-Asset too high?
Kardex Holding AG's current Return-on-Tangible-Asset of 2.24% is 84% below median its 10-year median of 14.45. Over the past 10 years, this metric has ranged from a low of 8.60 to a high of 17.84. The Industrial Products industry median Return-on-Tangible-Asset is 3.24. Kardex Holding AG's value of 2.24% is 30.9% below this industry median. Based on the distribution chart, Kardex Holding AG ranks #583 out of 3073 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Kardex Holding AG has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kardex Holding AG's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kardex Holding AG ranks #583 out of 3073 companies for Return-on-Tangible-Asset. This places Kardex Holding AG in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.24. Kardex Holding AG's value of 2.24% is 30.9% below this benchmark. Historically, Kardex Holding AG's own Return-on-Tangible-Asset has ranged from 8.60 to 17.84 over the past decade. While the company's 10-year median is 14.45 vs. the industry median of 3.24, Kardex 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.24, based on 3,073 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. Kardex Holding AG's current Return-on-Tangible-Asset of 2.24% is 30.9% 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 Kardex Holding AG and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kardex Holding AG's current Return-on-Tangible-Asset is 2.24%, which is 84% below median its own 10-year median of 14.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardex Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Kardex Holding AG (XSWX:KARN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF308.05, compared to a current price of CHF240.00 — trading 22.1% below its estimated fair value. The current Return-on-Tangible-Asset is 2.24%, which is 84% below median its 10-year median of 14.45 and 30.9% below the Industrial Products industry median of 3.24. Kardex Holding AG's overall GF Score™ is 93/100 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 Kardex Holding AG (XSWX:KARN), the current Return-on-Tangible-Asset is 2.24% 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 Kardex Holding AG (XSWX:KARN) Overvalued in 2026?
Based on GuruFocus' analysis, Kardex Holding AG stock appears to be undervalued.
The current stock price of CHF240.00 is trading 22.1% below its estimated GF Value™ of CHF308.05.
GuruFocus considers Kardex Holding AG to be Modestly Undervalued.
Key valuation signals for XSWX:KARN:
Return-on-Tangible-Asset: 2.24% (84% below median its 10-year median of 14.45)
GF Value™: CHF308.05 vs. price of CHF240.00 (22.1% below fair value)
Industry Position: 30.9% below the Industrial Products median (#583 of 3073)
No single metric tells the full story. See the XSWX:KARN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kardex Holding AG is a partner for intralogistics solutions. The Group offers premium automated products, standardized systems, and life cycle services and provides dynamic storage and retrieval systems, integrated material handling systems, small parts storage systems including multi-shuttle technology, automated high-bay warehouses, and flexible and modular storage and order fulfillment solutions as an AutoStore partner. It is organized into two reporting segments: Automated Products, which generates maximum revenue, and Standardized Systems. Automated Products consists of the Business Unit Kardex Remstar, while Standardized Systems includes the Business Units Kardex Mlog, Kardex AS Solutions, and Rocket Solution. The company operates in Europe, the Americas, and Asia-Pacific.
93GF Score
Get the complete analysis for XSWX:KARN
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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