Altria GroupXSWX:MO -1.82%74 Return-on-Tangible-Asset is 50.64% as of Mar. 2026, which is 54% above its 10-year median of 32.81. GuruFocus rates XSWX:MO with a GF Score™ of 74/100 and a GF Value™ of CHF44.03. The stock has 5 warning signs investors should review. Among 49 Tobacco Products companies, Altria Group ranks better than 93.88% 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. Altria Group's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF6,875 Mil. Altria Group's average total tangible assets for the quarter that ended in Mar. 2026 was CHF13,577 Mil. Therefore, Altria Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 50.64%.
The historical rank and industry rank for Altria Group's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:MO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.73 Med: 32.81 Max: 67.55
Current: 50.04
During the past 13 years, Altria Group's highest Return-on-Tangible-Asset was 67.55%. The lowest was -3.73%. And the median was 32.81%.
XSWX:MO's Return-on-Tangible-Asset is ranked better than 93.88% of 49
companies
in the Tobacco Products industry
Industry Median: 10.52
vs XSWX:MO: 50.04
Altria Group (XSWX:MO) 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.
Altria Group Return-on-Tangible-Asset Related Terms
Altria Group Return-on-Tangible-Asset Historical Data
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The historical data trend for Altria Group'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:MO vs TPB, UVV, AIIR: Return-on-Tangible-Asset Comparison
For the Tobacco subindustry, Altria Group'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.
Altria Group Return-on-Tangible-Asset vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Altria Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Altria Group'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 50.64% mean?
Altria Group (XSWX:MO) has a Return-on-Tangible-Asset of 50.64% 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 Altria Group and its competitors. This is 54% above median its historical median of 32.81. According to the industry distribution chart, Altria Group ranks #3 out of 49 companies in the Tobacco Products industry, placing it in the top 6.1%.
Is Altria Group's Return-on-Tangible-Asset too high?
Altria Group's current Return-on-Tangible-Asset of 50.64% is 54% above median its 10-year median of 32.81. The Tobacco Products industry median Return-on-Tangible-Asset is 10.52. Altria Group's value of 50.64% is 381.4% above this industry median. Based on the distribution chart, Altria Group ranks #3 out of 49 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, Altria Group has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Altria Group's Return-on-Tangible-Asset compare to TPB and UVV?
According to the Tobacco Products industry distribution chart, Altria Group ranks #3 out of 49 companies for Return-on-Tangible-Asset. This places Altria Group in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 10.52. Altria Group's value of 50.64% is 381.4% above this benchmark. While the company's 10-year median is 32.81 vs. the industry median of 10.52, Altria Group 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 Tobacco Products company?
The median Return-on-Tangible-Asset among Tobacco Products companies is 10.52, based on 49 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. Altria Group's current Return-on-Tangible-Asset of 50.64% is 381.4% 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 Altria Group and its competitors. For the Tobacco Products industry, the median Return-on-Tangible-Asset is 10.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altria Group's current Return-on-Tangible-Asset is 50.64%, which is 54% above median its own 10-year median of 32.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altria Group stock overvalued right now?
Altria Group (XSWX:MO) has a current Return-on-Tangible-Asset of 50.64%. The stock's GF Value™ is CHF44.03, compared to a current price of CHF57.80 — trading 31.3% above its estimated fair value. The current Return-on-Tangible-Asset is 50.64%, which is 54% above median its 10-year median of 32.81 and 381.4% above the Tobacco Products industry median of 10.52. Altria Group's overall GF Score™ is 74/100 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 Altria Group (XSWX:MO), the current Return-on-Tangible-Asset is 50.64% 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 Altria Group (XSWX:MO) Overvalued in 2026?
Based on GuruFocus' analysis, Altria Group stock appears to be overvalued.
The current stock price of CHF57.80 is trading 31.3% above its estimated GF Value™ of CHF44.03.
Key valuation signals for XSWX:MO:
Return-on-Tangible-Asset: 50.64% (54% above median its 10-year median of 32.81)
GF Value™: CHF44.03 vs. price of CHF57.80 (31.3% above fair value)
Industry Position: 381.4% above the Tobacco Products median (#3 of 49)
No single metric tells the full story. See the XSWX:MO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations. Through its tobacco subsidiaries, Altria maintains the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the US with 40% share in 2024. Beyond its core business, it holds an 8% interest in the world's largest brewer, Anheuser-Busch InBev, and a 41% stake in cannabis manufacturer Cronos. In reduced-risk products, it acquired vaping company Njoy Holdings in 2023, operates a joint venture with Japan Tobacco in the heated tobacco category for the US, and sells the On brand in nicotine pouches.
74GF Score
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